Written by: TechFlow
Trends are cyclical, and this also applies to cryptocurrencies. Tired of playing with PumpFun’s pvp, the market has picked up the old trick from the beginning of the year - pre-sales, but this time with a new name of AI narrative.
This morning, Twitter user Skely (@123skely) announced the launch of the pre-sale of AI-Pool (@aipool_tee), an AI token issuance project. Perhaps his status as a member of @ai16zdao gave Skely some endorsement, as the pre-sale raised more than 10,000 $SOL in less than two hours, and more than 35,000 $SOL in half a day.
The presale funding model was hot at the beginning of the year, with many projects raising thousands of $SOL, but few ultimately achieved good results. Logically, the market has already demystified this model; what is different about this presale?
AI-managed presale-type Pump.fun?
In simple terms, the AI-Pool project for this presale is a 'funding Fi' managed by AI agents.
Skely stated in the tweet that the early presale funding models (such as slerf, bome, etc.) would be a cause for joy if they could successfully launch after raising a large amount of funding. However, this model of sending money to individual wallets is a significant test of human nature; even if the DEV had no malicious intent at the beginning, the temptation of increasing funds is too great, as seen in the case of GM.AI.
The current pumpfun model does indeed avoid some possibilities of centralized malfeasance. However, it has been muddied by bots at every turn: fake comments, opening snipers, trend followers... Even with a mechanism for fair launches, the opportunities for retail investors to participate in trades fairly are decreasing; they not only have to compete with humans in PVP but also with bots that are online 24/7.
In summary, these participation methods are absolutely not fair for retail investors. Since pump cannot compete with bots, and humans often breach promises in presale models, it is better to let AI manage the presale process.
How does AI-Pool operate?
This is a smart token issuance system built on a Trusted Execution Environment (TEE). Its core is an AI agent running in the TEE, ensuring that its operating environment cannot be attacked or tampered with by hackers through special security mechanisms. The system uses a carefully designed private key management scheme to ensure that private keys are never touched by humans, fundamentally guaranteeing the system's security.
In daily operations, the system accepts two forms of capital injection: small donations (less than 1 SOL) and larger investments (1 SOL or more). These funds will flow into a smart wallet managed by AI agents. The AI agents will use these funds to launch new token projects on the Meteora liquidity pool and reward eligible investors through airdrops.
Throughout the process, each wallet operation generates remote authentication credentials, which are used not only to verify the legality of operations but also to ensure that the wallet's derivation process and access permissions are traceable and secure.
Skely also emphasized that this series of developments was completed using the ELIZA framework by ai16z.
The core mechanisms of the project are as follows:
Funding reception: Users send SOL directly to the AI agent's wallet address (opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd), with a minimum of 1 SOL and a maximum of 10 SOL:
Amounts below the minimum threshold will be considered donations.
Security assurance: through @PhalaNetwork's TEE (Trusted Execution Environment) technology:
Private keys are generated and stored in the TEE.
Developers cannot access the private keys.
All operations can be verified in the terminal logs.
Liquidity management:
AI will create liquidity pools through Metoria (not PumpFun).
Transaction fees will flow directly back to the AI wallet.
Eligible participants will receive token distribution.
At the same time, Skely also mentioned in the tweet that this presale is not completely risk-free:
Currently, the project is still in V1 version, with 10% of the supply sent to an escrow wallet (publicly visible). These funds will be used for potential future exchange listings or other integrations (cross-chain LP pools, etc.), or for destruction. Technically, developers can push code changes to alter the rules, but this requires an execution period of about 24 hours. Of course, once the tokens are live and locked, they cannot be changed.
It was mentioned that in V2 and future versions, the team hopes to make the AI agents in the project fully autonomous, potentially operating in a DAO format, so that everyone can benefit from the fees flowing to the AI agent's wallet, while introducing some whitelist technology and blacklisting those who attempt to snipe or manipulate the system.
Market FOMO is driving funds, but the details of the issuance mechanism are unclear and have been criticized.
From the speed of market funding, this presale has indeed been successful. The presale address received over 35,000 $SOL, worth nearly 7 million dollars, within half a day. Although it was stipulated that each address could contribute 10 $SOL, some people still contributed over 500 $SOL to the presale address in one transaction.
Presale address:
opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd
Skely himself did not expect that this presale would cause such FOMO; when the account approached 30,000 $SOL, the presale was halted, stating that any additional funds would only go into the LP pool (but it remains unclear how much the hard cap is and how the excess $SOL will be allocated).
However, while funds were sent, this presale has serious issues that have left users dissatisfied:
Although funds were allowed, Skely initially did not set a hard cap for this presale, leading to an increasing amount of SOL in the presale address, which could dilute the shares of early funders, resulting in growing anxiety and dissatisfaction among people. Some Twitter users bluntly stated: is this just another presale with an AI shell? The ability to withdraw money is what truly matters.
The allocation mechanism is unclear. Skely stated in the tweet that tokens will be allocated to 'worthy' individuals, but this standard itself is too subjective, and Skely seems to have provided no further explanation on this statement.
Some have pointed out that the project's Twitter @aipool_tee has changed names multiple times, and its previous name (cable) was not very nice... However, Skely later tweeted to acknowledge that the project account indeed had multiple name changes, but stated that this was simply to find a more suitable name, nothing more.
Summary
Perhaps because so much money has been received but the mechanism is not yet clear, Skely has already caused some dissatisfaction among community members. As of the writing, Skely's Twitter account has shown that it has been frozen.
But before being banned, Skely tweeted that tokens would be issued on December 24 at 12:00 PM UTC. To prevent excessive sniping, the specific issuance time will not be announced.
Regardless of whether this presale is a genuine effort by the team to create some substantial applications or yet another shell game using AI, it is hoped that this time it will not be the voluntary funders who get hurt...
