This article discusses the presale model of the AI-Pool project, which utilizes AI agents to manage funds in a Trusted Execution Environment (TEE), aiming to improve the transparency and security of presales. However, this wave of hype has caused market FOMO, and the issuance mechanism after a large influx of funds into the presale has led to user dissatisfaction. (Background: 2024 Crypto Narrative Rankings: Meme Coins Reign, AI, RWA, and Solana Ecosystem Rise) (Background: The first AI autonomous presale token "$METAV" launched with a market cap of 100 million dollars; will it become the next GOAT?) Trends are cyclical, and this saying also applies to crypto. After getting tired of the PumpFun's PvP, the market has returned to the old play from the beginning of the year—presales, but this time under the new guise of AI narratives. Early this morning, Twitter user Skely (@123skely) tweeted to announce the launch of the AI-Pool presale project (@aipool_tee). Perhaps Skely's identity as a member of @ai16zdao provided some endorsement, as the presale raised over 10,000 $SOL in less than two hours and over 35,000 $SOL half a day later. The presale funding method was hot earlier this year as well, with many projects raising tens of thousands of $SOL, but very few ended up with good results. Logically, the market has already become disillusioned with this kind of play; what is different about this presale? An AI-managed presale type of Pump.fun? In simple terms, the AI-Pool presale project allows AI agents to manage a "money-raising Fi." Skely stated in a tweet that the early presale funding models (like slerf, bome, etc.) would be joyous if they could successfully launch after raising large amounts of funds. However, the nature of transferring funds into personal wallets is a significant test of human nature. Even if the developers initially did not have malicious intentions, it is difficult to resist the temptation as the money keeps pouring in; GM.AI is a cautionary tale. The current pumpfun model indeed avoids some possibilities of centralized malfeasance. Yet, it is now muddied by bots that are rampant in various aspects: fake reviews, market sniping, trend tracking... Even with fair launch mechanisms, the opportunities for retail investors to participate fairly in trades are becoming increasingly scarce; not only do they have to PvP with humans, but they also have to PvP with 24/7 online bots. In summary, these participation methods are absolutely not fair for retail investors. Since they cannot outperform bots in pumping, and humans in presale modes often break promises, it might be better to let AI manage the presale process. How does AI-Pool work? It is a smart token issuance system built on a Trusted Execution Environment (TEE). Its core is an AI agent executed in TEE, which ensures through special security mechanisms that its execution environment cannot be hacked or tampered with. The system uses a carefully designed private key management scheme, ensuring that private keys are never exposed to humans, fundamentally guaranteeing the security of the system. In daily operations, the system accepts two forms of fund injection: small donations (less than 1 SOL) and larger investments (1 SOL or more). These funds flow into a smart wallet managed by the AI agent. The AI agent will use these funds to initiate new token projects on the Meteora liquidity pool and reward qualified investors through airdrops. Throughout the process, each wallet operation generates remote authentication certificates, which are used not only to verify the legality of the operations but also to ensure that the wallet derivation process and access permissions are traceable and secure. Skely also emphasized that this series of developments was completed using the ELIZA framework of ai16z. The core mechanisms of the project are as follows: 1. Fund Reception: Users send SOL directly to the wallet address of the AI agent (opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd) with a minimum of 1 SOL and a maximum of 10 SOL: amounts below the minimum will be considered donations. 2. Security Assurance: Through @PhalaNetwork's TEE (Trusted Execution Environment) technology: private keys are generated and stored in TEE, developers cannot access private keys, and all operations can be verified in terminal logs. 3. Liquidity Management: AI will establish liquidity pools through Metoria (instead of PumpFun). Trading fees will flow directly back to the AI wallet, and eligible participants will receive token distributions. At the same time, Skely also mentioned in a tweet that this presale is not entirely risk-free: the project is still in V1 version, and 10% of the supply will be sent to a custodial wallet (publicly visible). These funds will be used for potential future exchanges listing or other integrations (cross-chain LP pools, etc.), or burned. Technically, developers can push code changes to rules, but this requires an execution period of about 24 hours. Of course, once the token goes live and is locked, it cannot be changed. Additionally, it was mentioned that in V2 and future versions, the team hopes to allow the AI agent in the project to operate autonomously, possibly in the form of a DAO, 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. The market FOMO is funding, but the details of the issuance mechanism are criticized for being unclear. From the speed of funding in the market, this presale was indeed successful. The presale address received over 35,000 $SOL within half a day, worth nearly 7 million dollars. Although the presale was regulated to a maximum of 10 $SOL per address, some individuals still sent over 500 $SOL in one transaction to the presale address. Presale address: opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd. Skely himself did not expect this presale to create such FOMO; when the account approached 30,000 $SOL, he halted the presale, stating that any further funding would only be used as LP into the pool (but the specific amount for hard cap and how the excess $SOL would be allocated remains unclear). However, while the money has been raised, this presale has several serious issues that have led to user dissatisfaction: 1. Just allowing funding, but Skely did not initially set a hard cap for this presale, resulting in the SOL in the presale address increasing, and the shares of early funders might be diluted, leading to growing anxiety and dissatisfaction among people. Some Twitter users bluntly stated: Isn't this just a presale with an AI shell? The ability to withdraw funds is what matters. 2. The allocation mechanism is unclear; Skely stated in a tweet that tokens would be distributed to "worthy individuals," but this standard is overly subjective, and Skely seems to have provided no further explanation for this statement. 3. Some have pointed out that the project's Twitter account @aipool_tee has changed names multiple times, and its previous name (cable) was not very nice... However, Skely later tweeted to acknowledge the project...