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

What is AI-Pool? What? In short, this is a brand new experiment in AI agent autonomy and pre-sale mechanisms, and I am personally trying to make the token issuance space less predatory. A brief summary is as follows.

This will be proven to be fair, there are no "insiders", anyone can send SOL, I am sending my own money with 10% Been reserved, read on to find out what this is all about.

Summary: Do AI pre-sales so people don’t get ripped off and make the whole process transparent.

Releasing games on pump.fun is like a cancer these days. For example:

1) TGE sniper robot - the token was sniped after it was created.

2) Trend Robot – Buys a coin after it starts seeing unusual trading volumes.

3) Pre-migration bot - snipe tokens when they are about to be migrated from pump.fun to raydium.

4) Post-migration bot – sniping coins immediately after migration.

5) Comment bot - Make comments look natural.

6) Volume robot - artificially create a symbolic trend.

There are more problems, and to be fair, it's not pump's fault. Pre-sales are a response to these questions. You've seen this with DAO. Interestingly, they instituted a whitelist/presale model.

This is a great solution, but it still requires a lot of trust (and time). You have to trust the person receiving the pre-sale funds. The most common situations are:

1) They steal funds.

2) The money (providing liquidity) is not used on what it claims to do.

3) It has never been released.

These problems are common in pre-sales (see ICO), and if handled well, pre-sales can have good results.

ICOs are just a form of pre-sale, which are not legal in the US due to a lot of stupid "protections", but most of them are It is formed due to the above 1-2 reasons. This is also understandable.

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

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

2) Accept donations.

3) Issue tokens.

4) Start a liquidity pool.

5) Send tokens to donors.

A Trusted Execution Environment (TEE) is a secure area of ​​​​a computer CPU or mobile device processor used to protect data and code (in this case, the AI ​​wallet private key) cannot be tampered with or accessed.

1) You send SOL to the AI ​​wallet.

opRyDjuRetWnsP78FNFTPenAJX7AkjuD6GTP7tsqHXd

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

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(Note: minimum 1 SOL, maximum 10 SOL, less than 1 SOL will be regarded as a donation by AI)

2) Then AI will raise funds from pre-sellers and then pass.Start a pool via Metoria (you'll see why not create it with pump.fun). It will own the pool and transfer pool fees back to the AI ​​wallet.

3) Send tokens to people it deems worthy. (People who send the right amount of SOL)

4) Raise funds for fun things in the future.

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

First of all, it is an AI and it can be proven that it has a private key under a trusted execution environment (created by Phala Network), which means that I or the developer They are not accessible to personnel.

You can check this in the terminal log.

(Looks like below)

You know there are no "insiders" because it is With an open wallet, everything can be tracked and no one gets a better price than anyone else. You can see what money is coming in and what money is going out. In the first version, we are sending 10% of the supply to the DOX escrow wallet, you can read on 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 trend! ! !

As with most cryptocurrencies, there are as many risks.

This is still the first version. It is a practical test of many technologies. There are many things to be tested in the field. You cannot do these tests without releasing them to the public. .

In V1, 10% of the supply will be sent to the escrow wallet, which is public and anyone can see it.

If the token inflates, or undergoes other integration (cross-chain LP pool of tokens) or is burned, funds will be kept here for future trading listed.

In addition to the above, V1 is not completely free from the risk of carpet pulling. Technically, developers can change the rules with code, but that would take about 24 hours, and obviously once the tokenOnce activated and locked, it cannot be changed.

We charge from the Metoira pool, to be honest I'm not sure the exact percentage, it probably depends on the trading volume. But it is much lower than pump.fun, and most of the fees will flow back to AI. But this is a safety measure in case something goes wrong.

In V2 and in the days to come, we hope to make it completely autonomous and possibly have a DAO so that everyone can flow from the AI ​​proxy wallet To benefit from the fees, there will be some whitelisting technology, and people who try to exploit loopholes in the rules will also be blacklisted.

Hope you all like this experiment.