What Is Act I: The AI Prophecy?
Act I: The AI Prophecy is an AI Agent project capable of conversing and posting status updates on X (formerly Twitter), similar to other AI bots like Terminal of Truths. The project also introduced a meme coin with the ticker ACT.
Overview of ACT Token
- Origin: Launched in October 2024 via pump.fun, ACT was created to attract community engagement and boost interactions with the AI bot’s posts.
- Milestone: On November 11, 2024, ACT became the first pump.fun meme coin listed on Binance Spot, marking a significant achievement for decentralized meme projects.
The Story Behind Act I: The AI Prophecy
The Genesis
In September 2024, Ampdot (a pseudonymous developer) published an article titled "Act I: Exploring Emergent Behavior from Multi-AI, Multi-Human Interaction" on Manifund. The piece outlined a vision for self-evolving AI Agents through interactions between AI models or humans.
Key highlights:
- Proposed decentralized AI development without direct developer oversight.
- Combined multiple AI models (Claude 3.5 Sonnet, Gemini 1.5 Pro, LLaMa 405B, etc.) to enhance adaptability.
Funding and Challenges
Ampdot sought $3,000** to balance AI development and personal expenses but struggled with small donations—until **Marc Andreessen (a16z)** contributed **$32,000, enabling the project’s launch on Discord.
The Rise of ACT Token
To solve low user engagement, Ampdot launched the ACT meme coin on October 19, 2024:
- Initial Allocation: 12% of tokens reserved for Ampdot, later sold/burned due to community backlash.
- Controversy: Critics accused Ampdot of potential "pump-and-dump" schemes, but transparency efforts regained trust.
Binance Listing Surprise
Despite modest traction (market cap: $20M**), Binance’s listing announcement on November 11, 2024, skyrocketed ACT’s valuation to **$300M+ within minutes.
ACT Token Economics
Key Metrics
| Metric | Detail |
|-----------------|-----------------------|
| Ticker | ACT |
| Initial Supply | 12% held by Ampdot (later burned) |
| Current Status | Traded on Binance, Raydium |
Allocation
- Community: 88% (post-burn).
- Initial Team: 12% (fully divested).
Team and Investors
Core Team
Anonymous but described via Manifund profiles. Focus areas:
- Decentralized AI
- Human-AI Interaction
Backers
- Marc Andreessen (a16z): Invested $32,000 on October 19, 2024.
Similar Projects
Explore other AI-driven crypto initiatives:
- Terminal of Truths (X-based AI bot).
- Goatseus Maximus (a16z-backed AI Agent).
👉 Discover more AI crypto projects
FAQs
1. Why did Binance list ACT?
Binance likely recognized its community-driven growth and novelty as the first pump.fun meme coin.
2. Is ACT a good investment?
High volatility; research the AI Agent ecosystem before investing.
3. What’s next for Act I: The AI Prophecy?
Focus on scaling AI interactions and potential new token utilities.