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One tweet received 35,000 SOL. What is the AI-Pool pre-sold by ai16zdao members?

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Reprinted from chaincatcher

12/24/2024·4M

Author: Shenchao TechFlow

Trends come in cycles, and the same applies to encryption. Tired of playing PumpFun's PVP, the market has returned to the old gameplay from the beginning of the year - pre-sale, but this time it has a new twist of AI narrative.

Early this morning, Twitter user Skely ( @123skely ) tweeted to announce the launch of the AI ​​currency issuance project. **** Pre-sale for AI-Pool (@aipool_tee) . Perhaps the identity of a member of @ai16zdao gave Skely a certain endorsement. In less than two hours after the pre-sale started, more than 10,000 $SOL was raised, and after half a day, a total of more than 35,000 $SOL was raised.

The method of making money through pre-sales was very popular at the beginning of the year. At that time, there were many projects that raised tens of thousands of $SOL, but in the end, few achieved good results. It stands to reason that the market has been disenchanted with this kind of gameplay. What is different about this pre-sale?

AI-managed pre-sale Pump.fun?

To put it simply, the items for this pre-sale ****AI-Pool **** It is a "money-making Fi" managed by an AI agent.

Skely **** He said in the tweet that if the early pre-sale money-making models (such as slerf, bome, etc.) can be successfully launched after raising a large amount of funds, everyone will be happy. But in essence, this model of transferring money to personal wallets is too difficult a test of human nature. Even if DEV did not have any evil intentions at the beginning, it could not bear to spend more and more money. GM.AI is a lesson learned from the past.

The current pumpfun model does avoid some of the possibility of centralized evil. But now it has been filled with robots in every link: fake comments, opening sniping, trend tracking... Even if it is a fair launch in the mechanism, for retail investors, it is truly fair to participate in the transaction. There are fewer and fewer opportunities, not only to pvp with people, but also with bots that are online 24 hours a day.

In short, these participation methods are definitely not fair to retail investors. Since pumps can’t compete with bots, and humans in pre-sale mode often break their promises, it’s better to let AI manage the pre-sale process.

How does AI-Pool work?

This is a smart token issuance system based on the Trusted Execution Environment (TEE). Its core is an AI agent running in TEE, which uses special security mechanisms to ensure that its operating environment will not be hacked or tampered with. The system uses a carefully designed private key management scheme to ensure that the private key will never be accessed by humans, thus fundamentally ensuring the security of the system.

In daily operations, the system accepts two forms of financial injections: small donations (less than 1 SOL) and investments of larger amounts (1 SOL or more). These funds flow into smart wallets managed by AI agents. The AI ​​agent will use these funds to launch new token projects on the Meteora liquidity pool and give them back to qualified investors through airdrops.

Throughout the process, remote authentication credentials are generated for each wallet operation. These credentials are not only used to verify the legitimacy of the operation, but also ensure that the wallet derivation process and access rights are traceable and secure.

Skely also emphasized that this series of development is completed through ai16z's ELIZA framework.

The core mechanism of the project is as follows:

Fund reception: The user directly sends SOL to the AI ​​agent's wallet address (opRyDjuRetWnsP78FNFTPenAJX7AkjuD6GTP7tsqHXd) with a minimum of 1 SOL and a maximum of 10 SOL:

  1. Anything less than the minimum will be considered a donation

Security: Through @PhalaNetwork ’s TEE (Trusted Execution Environment) technology:

  1. Private keys are generated and stored in TEE
  2. Developers do not have access to private keys
  3. All operations can be verified in the terminal log

Liquidity management:

  1. AI will create liquidity pools through Metoria (not PumpFun)
  2. Transaction fees flow directly back to the AI ​​wallet
  3. Eligible participants will receive token distribution

At the same time, Skely also mentioned in a tweet that this pre-sale is not completely risk-free:

The project is currently still in V1, and 10% of the supply will be sent to an escrow wallet (publicly visible). These funds will be used for possible future exchange listings, or other integrations (cross-chain LP pools, etc.), or destroyed. Technically, developers can push code changes to the rules, but this requires an execution period of about 24 hours. Of course, once a token is listed and locked, it cannot be changed.

He also mentioned that in V2 and future versions, the team hopes to make the AI ​​agent in the project completely autonomous, possibly operating in the form of a DAO, so that everyone can benefit from the fees flowing to the AI ​​agent wallet, and at the same time introduce some whitelisting technology. and blacklisting people who try to snipe or manipulate the system.

There is FOMO in the market, but the details of the issuance mechanism

are unclear and criticized.

Judging from the speed of money making in the market, this pre-sale was indeed successful. The pre-sale address received more than 35,000 $SOL in just half a day, worth nearly 7 million US dollars. Although the pre-sale was stipulated to be 10 $SOL per address, there were still people who paid more than 500 $SOL in one go. SOL enters the pre-sale address.

Pre-sale address:

opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd

Skely himself did not expect that this pre-sale would cause such FOMO. When the account reached close to 30,000 $SOL, he stopped the pre-sale and said that if he spent any more money, he would only enter the pool as LP (but the specific amount is a hard cap, How the overraised $SOL will be distributed is still unclear).

It’s just that the money was spent, but there were some serious problems in this pre-sale that made users dissatisfied:

  1. It only allows money to be made, but Skely did not set a hard cap for this pre-sale at the beginning, resulting in more and more SOL in the pre-sale address. The share of early money-making users may be diluted, and people's uneasiness and dissatisfaction will also increase. gradually increase. Some Twitter users bluntly said: With so many pre-sales, aren’t they just covered in AI shells? It is true that money can be withdrawn.

  1. The distribution mechanism is unclear. Skely stated in his tweet that the tokens will be distributed to "deserving people", but this criterion itself is too subjective, and Skely does not seem to further explain this statement.

  1. Some people also revealed that @aipool_tee, the Twitter user of this project, had changed his name many times, and the previous name (cable) was not very nice... However, Skely himself later tweeted and admitted that the project account had indeed been renamed many times. But also said it was just to come up with a more suitable name, nothing more.

summary

Perhaps because it charges so much money but the mechanism is not yet clear, Skely has caused dissatisfaction among some community members. As of this writing, Skely’s Twitter account has been frozen.

But before being banned, Skely announced on Twitter that it would issue tokens on December 24, UTC. In order to prevent excessive sniping, the specific time of the token issuance was not announced.

Regardless of whether this pre-sale is because the team really intends to make some substantial applications, or it is another backdoor AI scam, in short, I hope that the injured this time will no longer be the retail investors who voluntarily send money...

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