At the height of the meme coin craze, Binance launched a token with an initial market value of only $20 million, which is quite rare. So, what mysterious background does ACT have? Let us become the Sherlock Holmes of the digital asset world and delve into the mysteries.
ACT is a meme token built on the Solana chain, with a total supply of nearly 1 billion tokens. The AI Prophecy, as a decentralized research laboratory, focuses its research on the complex dynamic relationships between multiple humans and multiple AIs. It carries a great mission to widely disseminate AI knowledge, allowing everyone to access this cutting-edge field without barriers. With a series of carefully planned initiatives, diverse resources, and active community content, ACT is making every effort to break down the barriers to understanding AI.
This community focuses on the basic education of AI, actively engages in in-depth discussions on ethical issues, and vigorously promotes research and development in this field. Although ACT has only 10,000 fans on Twitter and TG groups, and its logo is an AI-generated image of a human eye, it generously donated $1 million in funding to the AI research team supported by Marc Andreessen.
Previously, Andy Ayrey served in this research team and was instrumental in founding the well-known AI meme coin GOAT. Later, AmplifiedAmp (referred to as Amp) and some members of the team jointly established The AI Prophecy. Amp vowed to build a decentralized and community-led ecosystem. At the project's launch, 6% of the token supply was allocated to Amp as startup capital.
However, the development of events deviated from the expected course. Amp kept selling ACT tokens for personal gain while claiming it was for the collective good. This behavior naturally triggered strong dissatisfaction and anger among community members. Later, Amp stated it would stop selling tokens and argued that it was neither a meme coin trader nor the project's leader, but merely a highly supported AI developer. It also destroyed an amount of ACT tokens equivalent to the previous selling quantity, which was worth $41,000 at the time, and now its value has soared to $3.87 million.
However, in the end, Amp chose to sell all ACT tokens and decisively leave, an act that made many community members feel betrayed, and the price of ACT tokens experienced several violent fluctuations as a result. However, it is reassuring that the community did not fall apart because of this; instead, they united more closely and successfully raised over $1 million in project funding. According to official website news, since Amp's departure, ACT has completely transformed into a community-driven initiative, with dedicated members discussing and making decisions together. The community has shifted its core focus to the sharing and popularization of AI knowledge, striving to make AI knowledge accessible to a broader audience.
After Binance announced the launch of ACT, Amp tweeted claiming that ACT had always been a brand used without its permission, and admitted that it had distributed, destroyed, and sold the ACT tokens allocated to it, while expressing its desire not to have it listed on centralized exchanges. He also stated that he was willing to assist the community in smoothly transitioning to a new brand phase.
The listing fee for ACT is 0 BNB, which stands out particularly against the backdrop of exorbitant listing fees that have recently come to light. Since GOAT gained fame, AI concept tokens have become the focus of the market, attracting a frenzy of investment, with related tokens such as AI agents and AI computing also emerging prominently.
Finally, it is important to remember that in the wave of a bull market, the tests we face are not just limited to the fluctuations of the market, but also involve the tempering and perseverance of our own mindset. When our account balance changes with market fluctuations, we must maintain rationality and calmness to navigate steadily in this ever-changing world of digital assets.
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