example: fair launch mechanism like aipool_tee #7
Description
The story of aipool_tee is super interesting and makes a nice case study.
- Article with a self contained description: https://news.bitcoin.com/crypto-ai-agent-raises-7-5m-in-less-than-a-day-before-sudden-x-suspension/
- https://x.com/albicodes/status/1872432443153625096?mx=2
- https://x.com/PratyushRT/status/1871979221368881252
“Even if I get hacked, I can’t steal the funds,” Skely posted on X, prior to his suspension. ...
“No coin is launched. You can watch the wallet, and you will be airdropped coins,” Skely said. “But also, please stop sending SOL,”
We can infer the basic ruleset of aipool_tee :
- it announces a wallet address, and contribution rules (e.g., a max to send per address)
- eventually the AI decides to launch a token
- the token is launched allocated proportionally by the address
- a raydium pool is established
- most of the proceeds go to LP on the pool