Aiccelerate DAO Faces Criticism Over Token Sales and Suspended Account
- Aiccelerate DAO (AICC) launched with a market cap of around $150 million.
- 100% of tokens were distributed to 245 advisors and insiders, some of whom quickly sold their allocations.
- Bankless Ventures sold 10% of its allocation but later repurchased the tokens.
- The DAO plans to implement a vesting structure for individual allocations.
- The AICC’s account was suspended on Saturday for unknown reasons.
Aiccelerate DAO, valued at approximately $150 million, faced backlash after insiders rapidly sold token allocations. The project announced plans for a vesting structure following the controversy, while its account remains suspended. Bankless Ventures reversed its sale by repurchasing tokens.
