As a crypto investor with some experience under my belt, I’ve seen my fair share of memecoins come and go. But Slerf, the sloth-themed project on Solana, has piqued my interest with its latest development: the creation of a community board and decentralized autonomous organization (DAO).
A memcoin based on the sloth theme, called Slerf, is poised to create its own decentralized body to oversee its future growth and direction on the Solana platform.
Slerf, the inventor of Memecoin, inadvertently destroyed approximately $11 million worth of tokens. In response, he announced intentions to set up a community board and a decentralized autonomous organization (DAO) for SLERF token and NFT owners operating on the Solana blockchain.
We’re in the process of creating a Community Board and Decentralized Autonomous Organization (DAO) for $SLERF and @slerfcapital in collaboration with our NFT holders. This setup will enable our community to have increased influence and authority over one of Solana’s popular memecoins. Keep an eye out, as there are several steps required before we can put this into action.— Slerf (@Slerfsol) June 16, 2024
As a memecoin analyst, I came across a post on Reddit, dated June 16th, where the developer shared insights about their initiative. They emphasized that the goal is to bestow “greater control and authority” upon the community members, allowing them to have a more significant impact on decision-making for the project.
As a crypto investor in Slerf, I’m excited about the upcoming development of a community board. While the specifics haven’t been revealed yet, I understand that this board will be populated with influential figures from both the English and Chinese communities. This inclusion is intended to promote wider community involvement and effective governance within the Slerf ecosystem.
Despite the announcement, SLERF is trading down 8% at $0.28, according to CoinMarketCap data.
The cryptocurrency project called Slerf swiftly garnered attention within the crypto sphere following an unintended incident where its mysterious creator inadvertently destroyed approximately $11 million worth of accumulated funds during what was labeled as a “presale.”
Unexpected developments didn’t deter speculators from buying the token; instead, they caused a surge of over 4,000% in just a few hours following its market launch. In reaction to this event, crypto exchanges such as HTX, Bitget, and BingX announced their intention to donate trading fees to support the Slerf community.
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2024-06-17 14:10