One article to understand AI-Pool: fair token pre-sale controlled by AI agent

Author: Skely, founder of AI-Pool; Translation: Golden Finance xiaozou

What exactly is AI-Pool? In short, this is a brand new experiment in AI agent autonomy and pre-sale mechanisms, and I am personally trying to make the token issuance space less predatory. A brief summary is as follows.

This will prove to be fair, there are no "insiders", anyone can send SOL, I am sending my own money, 10% is retained, please read on to find out what this is all about.

Summary: Do an AI pre-sale so people don’t get ripped off and make the whole process transparent.

what problem to solve

Publishing games on pump.fun is like a cancer right now. For example:

1. TGE sniper robot - the token was sniped after it was created.

2. Trend Bots – Buy coins after they start seeing unusual trading volumes.

3. Pre-migration bot – snipe tokens when they are about to be migrated from pump.fun to raydium.

4. Post-migration bots – snipe coins immediately after migration.

5. Comment bot – Make comments look natural.

6. Volume Robot – Artificially creates a symbolic trend.

There are more problems, and to be fair, it's not pump's fault. Pre-sales are a response to these questions. You've seen this with DAO. Interestingly, they instituted a whitelist/presale model.

This is a great solution, but it still requires a lot of trust (and time). You have to trust the person receiving the pre-sale funds. The most common situations are:

1. They steal funds.

2. Not spending the money (providing liquidity) on what it claims to do.

3. It has never been released.

These issues are common in pre-sales (see ICO), which can have great results if handled well.

ICOs are just a form of pre-sales, and these are not legal in the US due to a lot of stupid "protections", but most of them are due to 1-2 of the reasons above. This is also understandable.

So humans are not allowed by law to issue tokens... but what about AI agents? …This is where AI agents come in. The agents created by me, Phala Network, and other developers working on this concept will be able to:

1. With a wallet and a trusted execution environment (very important).

2. Accept donations.

3. Issue tokens.

4. Start a liquidity pool.

5. Send tokens to donors.

A Trusted Execution Environment ( TEE ) is a secure area of ​​a computer’s CPU or mobile device’s processor that protects data and code (in this case, the AI ​​wallet’s private keys) from being tampered with or accessed.

how it works

1. You send SOL to AI wallet.

opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd

(This wallet is not a CA wallet, but an AI wallet.)

(Note: Minimum 1 SOL , maximum 10 SOL , less than 1 SOL will be considered a donation by the AI .)

2. The AI ​​will then raise funds from pre-sellers and start a pool through Metoria ( you will see why not create it with pump.fun ). It will own the pool and transfer pool fees back to the AI ​​wallet.

3. Send tokens to people it deems worthy. (People who send the right amount of SOL)

4. Raise money for fun things in the future.

How do you know I won't harm you? Or how do we solve the carpet pulling problem and the insider problem?

First, it is an AI and it can prove that it has the private keys under a trusted execution environment (created by Phala Network), which means that I or the developers cannot access them.

You can check this in the terminal log.

(Looks like below)

You know there are no "insiders" because it's an open wallet and everything is tracked and no one gets a better price than anyone else. You can see what money is coming in and what money is going out. In the first version, we are sending 10% of the supply to the DOX escrow wallet, you can read on to find out what the money will be used for.

But there are risks, this is brand new technology! ! So don’t blindly follow the trend! ! !

As with most cryptocurrencies, there are as many risks.

This is still the first version , it's a hands-on test of a lot of the technology, there's a lot of things to field-test, and you can't do that without releasing it to the public.

In V1 , 10% of the supply will be sent to an escrow wallet, which is public and can be seen by anyone.

If the token inflates, or undergoes other integration (cross-chain LP pool of tokens ) or is burned, the funds will be kept here for future listing on the exchange.

In addition to the above, the V1 is not completely free from the risk of rug-pulling. Technically, developers can change the rules with code, but this takes about 24 hours, and obviously once the token is activated and locked, it cannot be changed.

How do we make money?

We charge from the Metoira pool, to be honest I'm not sure of the exact percentage, it probably depends on the transaction volume. But it is much lower than pump.fun, and most of the fees will flow back to AI. But this is a safety measure in case something goes wrong.

In V2 and in the days to come, we hope to make it completely autonomous and possibly have a DAO so that everyone can benefit from the fees flowing into the AI ​​proxy wallet, there will be some whitelisting technology, and there will also be attempts to convert the drills into People who break the rules are blacklisted.

Hope you all enjoy this experiment.