At the unveiling of the VVV token in Venice, Aerodrome Finance halted two contributors following accusations of insider trading.
This action came after an internal inquiry was launched merely 30 minutes after suspicious trading behaviors were noticed. Aerodrome Finance (AERO) functions as a decentralized trading platform on Coinbase’s Base blockchain.
The platform emphasizes automated market making and liquidity incentives, and shortly after the token’s launch on January 27, it detected irregular trading trends supported by an AI startup funded by Erik Voorhees. Solana Increases by 8.59% on March 15: An In-Depth Look at $SOL Price Evaluation
Aerodrome announced in a tweet: “Internal surveillance indicated the timing of a limited number of trades surrounding the $VVV launch… which led to the commencement of an internal inquiry.”
The contributors were suspended within three hours following the token’s introduction. Aerodrome Finance reiterated its dedication to ethical principles, mentioning that the investigation is still in progress and additional measures may be implemented.
The introduction of the VVV token in Venice is part of a larger plan to merge artificial intelligence with blockchain technology.
Users can utilize Venice’s API for producing text, images, and code by staking VVV tokens. This framework intends to substitute conventional pay-per-use models by providing stakers a portion of the platform’s growing computational capabilities.
