Let’s learn about the story of $ACT!

Today, #Binance listed $ACT at a $20M market cap, causing the price of $ACT to surge 20x within hours!

What is $ACT?

Let’s learn about the story of $ACT!

ACT stands for AI Community Token, initially co-founded by @amplifiedamp.
The token $ACT was created on Oct 19.
CA: GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump

ACT is an open and collaborative synchronous service where many people and chatbots can talk to each other.
ACT connects multiple AI agents(like GOAT), allowing AI agents and humans to communicate and interact with each other instead of just one person talking nonsense.
https://x.com/YagamiTailor/status/1848428133487165754

ACT is one of two projects funded by Marc Andreessen(@pmarca, co-founder of #a16z), the other being $GOAT.
Marc Andreessen funded $ACT with $32,000.

When the token $ACT was created, the deployer spent 4 $SOL($640) to buy 126M $ACT.
The deployer burned 40M $ACT(4%) and reserved 20M $ACT(2%) for CEXs listing.
The remaining 66M $ACT (6.6%) was then transferred to @amplifiedamp for funding AI research.

On Oct 22, @amplifiedamp started selling $ACT, which caused panic in the community.
On Oct 26, in response to the community, he stopped selling, but the $ACT in his wallet was still being sold.
He explained that he did not terminate the child process, causing the sales script to continue running.

Eventually, @amplifiedamp betrayed the community and sold all 34.2M $ACT($730K) in a single transaction.
Now, 34.2M $ACT is worth over $15 million!

After he sold all his $ACT, $ACT was completely community-led.
With the continuous efforts of the community, $ACT's market cap has returned to around $30M.

Today, $ACT was listed on #Binance and soared 20x in a few hours.
Those who held on to $ACT were also rewarded, with one trader making $4.77M on $ACT.

https://x.com/lookonchain/status/1855906648315097092