Original | Odaily Planet Daily
Author | jk
On Monday, December 23, local time in the United States, a user on the X platform with the ID Skely (@123skely) posted a long tweet.
Too long; didn't read version:
In this tweet, he introduced an innovative project called AI-Pool, which redefines the token issuance method of cryptocurrency through the use of AI agents and Trusted Execution Environments (TEE). The core goal of the project is to solve the "rug pull" and "insider" issues in traditional presale models, creating a fair, transparent, and decentralized presale mechanism.
Skely believes that currently, the Pump.fun and other token issuances face issues such as TGE rush buying bots, trend bots, pre/post-migration rush buying bots, comment bots, and volume manipulation bots. These behaviors disrupt the market and create unfair competition.
So, rather than relying on a specific person or team to issue tokens, it's better to rely on AI Agents:
Functions of the AI agent: Protecting private key security through TEE, accepting fair on-chain donations, launching token issuance, creating liquidity pools, and fairly distributing tokens.
Transparency and fairness: All transaction records are public, with no internal discounts, ensuring equal participation for everyone.
Use of funds: 10% of the token supply will be locked in a custodial wallet for future exchange listings, cross-chain liquidity pools, or destruction.
Profit model: Collect lower fees through the Metoria liquidity pool, with most of the earnings flowing back to the AI wallet, and plans to achieve complete autonomy and DAO governance in the future.
So, he provided a wallet for community crowdfunding, and the process after crowdfunding will be similar to the token issuance on Pump.fun, issuing the first experimental token. However, the name of the token has not yet been determined.
The original tweet is here; readers who do not want to delve into its motivations and technical characteristics can flip down below:
Introduction to AI-Pool (@aipool_tee)
What is this? Simply put, this is a brand new experiment exploring the autonomy of AI agents and the presale mechanism. My goal is to make the token issuance field fairer and more transparent, reducing malicious behavior. If you don't have time to read in detail, here are the key points:
We want to create a mechanism that proves fairness, with no "insiders," and anyone can send SOL to participate. I will also invest my own funds. We have reserved 10% of the token supply, but the specific use will be explained below.
Key summary (TL;DR): Through the AI presale mechanism, avoid the "rug pull" problem and ensure the entire process is transparent.
Background of the issue:
Currently, the token issuance environment on the PumpFun platform is very poor, with the following issues:
TGE rush buying bot: rush buying at the time of token generation.
Trend bot: buying when token trading volume is abnormal.
Pre-migration rush buying bot: rush buying when the token migrates from PumpFun to Raydium.
Post-migration rush buying bot: rush buying immediately after migration is complete.
Comment bot: disguising as real user comments.
Volume manipulation bot: artificially creating volume to get the token to the top of the trending list.
These issues complicate the issuance environment, and the aforementioned problems are not solely the platform's responsibility.
Therefore, presales have become a solution. Daos.fun introduced a whitelist and presale model, which is a good solution, but still requires a lot of trust (and time). You need to trust the receiver of the presale funds, and in most cases, the following problems will arise:
They directly abscond with the funds.
Funds were not used for their promised purposes (such as increasing liquidity).
Project launch delays for a long time (time-related "rug pull").
These issues are very common in presales (like ICOs). If handled properly, a presale can indeed be a good way.
ICO is essentially a form of presale, but due to some unreasonable "protective measures," it is illegal in the United States. However, these protective measures are mostly introduced because of the problems mentioned in points 1 and 2 above, which can be understood to some extent.
Since humans cannot legally issue tokens... can AI agents do it? This is precisely the significance of AI agents stepping in!
I, along with Phala Network and other developers, am working towards the same AI agent that can achieve the following functions:
Hold a secure wallet through a Trusted Execution Environment (TEE).
Accept donations.
Launch token issuance.
Create a liquidity pool.
Distribute tokens to presale participants.
TEE (Trusted Execution Environment) is a secure area within the processor that protects data and code (such as the private keys of the AI wallet) from tampering or illegal access.
Operating mechanism:
You will send SOL to the AI wallet address (minimum 1 SOL, maximum 10 SOL; anything less than 1 SOL is considered a donation). Wallet address: opRyDjuRetWnsP 78 FNFTPEnAJX 7 AkjuD 6 GTP 7 tsqHXd (Interested readers can check the real-time balance on Solscan).
The AI agent will collect presale funds and create a liquidity pool through Metoria (instead of PumpFun). It will own that liquidity pool and transfer the fees from the pool directly to the AI wallet.
The AI will distribute tokens to eligible participants according to the presale rules.
Collect part of the funds for future projects and experiments.
So, how do you know I won't "rug pull"? How have we addressed the "rug pull" and "insider" issues?
First of all, this is an AI agent, and it can prove that its private keys are stored in a Trusted Execution Environment (TEE) created by @PhalaNetwork. This means that neither I nor the developers can access these private keys. You can verify this through terminal logs.
Source: X
Moreover, there is no "insider" issue because this is a public wallet, all transactions can be tracked, and no one can get a better price than anyone else. You can clearly see the inflow and outflow of funds. In the first version, we will send 10% of the token supply to a disclosed custodial wallet, and you can check the specific use of these funds.
But it should be noted that this is a brand new technology and carries risks! Do not participate blindly!
Like most crypto projects, there are many risks here.
This is the V1 version, mainly used for practical testing of technology and a pilot run of some issues that cannot be verified in a non-public environment.
In the V1 version, 10% of the token supply will be sent to a custodial wallet that is publicly transparent, and anyone can view it. These funds may be used for future exchange listings, integration of other features (such as cross-chain liquidity pools for tokens), or directly destroyed.
Additionally, the V1 version is not completely immune to "rug pulls." Technically, developers could push code to change the rules, but this process takes about 24 hours. Of course, once the token is online and locked, the rules cannot be changed.
All of this indicates that, although this is an exciting innovation, participants need to fully understand the potential risks.
How do we make a profit?
Mainly collecting a small amount of fees through the Metoria liquidity pool. Honestly, the specific fee ratio has not yet been determined and may be adjusted based on transaction volume. But one thing is for sure, this fee is far lower than what the PumpFun platform charges, and most of the earnings will flow back to the AI agent's wallet.
One reason for setting fees is as a security measure to prevent funds from being locked in the AI agent's wallet.
Looking ahead, in V2 and subsequent versions, we plan to make the AI agent fully autonomous, even incorporating DAO governance. This way, the fee earnings will benefit all participants while adding whitelist technology and blacklist mechanisms against rush buying or malicious operations to ensure the fairness of the rules.
Hope everyone enjoys this experiment!
At the bottom, he also added: "These are all achieved through the Eliza framework." Additionally, ai16z developer Shaw also followed him on Twitter.
However, just minutes after the launch, the raised SOL clearly exceeded the developers' expectations. Skely tweeted that he was very surprised and attached an image showing that the current wallet address already had more than 6800 Solana. An hour later, he tweeted again: "Everyone, stop sending funds! This has far exceeded the limit, some of you have sent more than 10 SOL. One person directly sent 574 SOL. Please stop it lol!"
Skely's Twitter, source: X
Later, he sent some supplementary information: "AI will choose the token name itself (this should be fun). However, if you have ideas, you are welcome to suggest token names or symbols through @aipool_tee!"
Clearly, this form of crowdfunding has raised a lot of money from the community while also drawing skepticism from some members; in the comment section of the tweet, users asked several questions at once:
The AI will allocate tokens to what it considers qualified investors, does that mean I might send 1 SOL and not get an allocation? Or do you mean only those sending less than 1 SOL are not considered worthy?
Is there a cap on this fundraising?
Will AI notify investors when the cap is reached? Once the cap is reached, will the AI refund the excess SOL or keep it as a fee?
These are all questions that were completely left unanswered in the original tweet. Skely responded to the upper limit issue: "Just to explain, why we can't set a ‘cap,’ is because this is an AI agent's wallet. It's like trying to set a cap on someone's wallet, which is unrealistic. We do have an emergency plan for those crazy investors, but please read my previous post to understand the specific operating mechanism. Please, stop sending SOL!"
Later, he explained a bigger vision, wanting to create a pump.fun for the AI field: "Specifically, every 24 hours, the fees from the liquidity pool will accumulate (through old coins flowing into the AI wallet), and then the AI will automatically launch a new token issuance every 24 hours. This process is cyclical, so if you want to avoid rush buyers, you can choose to participate in the presale. Of course, there are many details that need to be improved in this system. This way, you won't need to sift through a bunch of tokens on PumpFun but can directly participate in the AI token issuance and bet on the performance of AI. I also have some other ideas, but this is the general direction for now."
aiPOOL architecture, source: X
Currently, the @aipool_tee account has over 3000 followers, but the account itself has not posted much valuable content, and it seems more like an AI without specific rules self-expressing.
However, as of the time of writing this article, the address controlled by the AI Agent has already crowdfunded 31,603.3 SOL (worth $6,051,401.55), far exceeding the developers' expectations, and it is still growing.
This part of the change resembles last year's inscription craze, where many inscriptions received excessive crowdfunding when their purposes were not yet clear and just after the first wave of tweets. Will the AI Agent market become the next inscription market? Odaily Planet Daily will continue to follow up on this report.
