Can AI solve the Token presale problem? Understand AI-Pool in one article

Author: Skely, founder of AI-Pool; Translator: Golden Finance xiaozou

What is AI-Pool? In short, it is a new experiment in AI proxy autonomy and pre-sale mechanism. I personally am working to make the token issuance space less predatory. In summary, it can be described as follows.

This will be proved to be fair, no “insider”, anyone can send SOL, I send my own money, 10% is reserved, please continue reading to understand what’s going on.

Summary: Conduct AI presales so that people will not be rug pulled and make the whole process transparent.

What problem is being solved

Now launching games on pump.fun is spreading like cancer. For example:

1. TGE Sniper Robot - the token is sniped as soon as it is created.

2. Trend Robot - Buy tokens after seeing unusual trading volume.

3. Pre-migration robot - Sniper tokens when tokens are about to migrate from pump.fun to raydium.

4. Sniper token immediately after migration with robots.

5. Comment Robot - Make comments look natural.

6. Trading volume robot - artificially create a symbolic trend.

There are more issues, to be fair, it’s not the pump’s fault. Presale is a response to these issues. You have seen this on DAO. Interestingly, they have set up a whitelist/presale mode.

This is a very good solution, but it still requires a lot of trust (and time). You have to trust the person receiving the presale funds. The most common situation is:

1. They embezzled funds.

2. Not using the money (providing liquidity) on what they claim to do.

3. It has never been issued.

These issues are common in presales (see ICO), and if handled well, presales can have good outcomes.

ICO is just one form of pre-sale, and due to many stupid ‘protections’, it is illegal in the United States, but most of the ‘protections’ are formed due to the above 1-2 reasons. This is also understandable.

So the law does not allow humans to issue tokens… what about AI agents?.. This is where AI agents come in. The agents created by me, Phala Network, and other developers dedicated to this idea will be able to:

1. With wallet, featuring trusted execution environment (very important).

2. Accept donations.

3. Issuing tokens.

4. Launch a liquidity pool.

5. Send tokens to the donor.

Trusted Execution Environment (TEE) is a secure area of the computer’s CPU or mobile device processor, used to protect data and code (in this case, referring to the private key of the AI wallet) from tampering or access.

How does it work

1. You send SOL to the AI wallet.

opRyDjuRetWnsP78FNFTPEnAJX7AkjuD6GTP7tsqHXd

(This wallet is not a CA wallet, but an AI wallet.)

(Note: Minimum 1 SOL, maximum 10 SOL, amounts below 1 SOL will be considered as donations by AI.)

2. Then, AI will raise funds from the preseller and initiate a fund pool through Metoria (you will see why not usepump.funto create). It will own this pool and transfer the fees in the pool back to the AI wallet.

3）Send tokens to those whom it deems worthy. (Those who send an appropriate amount of SOL)

4. Raise funds for future interesting events.

How do you know I won’t harm you? Or how do we solve the problem of pulling the carpet and insider trading?

First of all, it is an AI and can prove that it has private keys in a trusted execution environment (created by Phala Network), which means neither I nor developers can access them.

You can check this in the terminal log.

(Looks like the following)

There is no ‘insider’ because it is an open wallet, and everything can be traced, and no one can get a better price than others. You can see which funds are flowing in and which funds are flowing out. In the first version, we will send 10% of the supply to the DOX hosted wallet, and you can continue reading to find out what the money will be used for.

But there are risks, this is a brand new technology!! So don’t blindly follow the crowd!!!

As risky as most cryptocurrencies.

It’s still first edition, and it’s a combat test of a lot of technology, and there’s a lot of stuff to test in the field, and you can’t do that without going public.

In V1, 10% of the supply will be sent to a custody wallet, which is public and can be viewed by anyone.

If the token inflates or undergoes other integrations (cross-chain LP pools of tokens) or is burned, the funds will be kept here for future listing on exchanges.

In addition to the above, V1 is not completely without the risk of carpet pulling. Technically, developers can change the rules with code, but this takes about 24 hours and once the token is activated and locked, it cannot be changed.

How do we make money?

We charge from the Metoira pool, to be honest, I’m not sure about the exact percentage, which may depend on the trading volume. But it is much lower than pump.fun, and most of the fees will be returned to AI. But this is a security measure in case something goes wrong.

In the V2 version and in the future, we hope to make it completely independent and possibly have a DAO, so that everyone can benefit from the fees flowing into the AI agent wallet, there will be some whitelist technology, and those who attempt to exploit the rules of the drill will be blacklisted.

Hope everyone likes this experiment.