Slerf, a sloth-themed memecoin on Solana, appears set to establish its own decentralized organization to guide its development path.
Memecoin creator Slerf, who “accidentally” burned almost $11 million worth of tokens, x.com/Slerfsol/status/1802158183642751137″ target=”_blank” rel=””>has revealed plans establish a community board and decentralized autonomous organization (DAO) for SLERF and nft token holders on the Solana blockchain.
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In a June 16 x post, the memecoin developer said the initiative aims to empower the community by giving “more control and decision-making power” over the project.
While no specific details were revealed, the anonymous developer noted that the community board will feature influential figures from the English and Chinese communities in a move that is expected to encourage broader community participation and governance within the Slerf ecosystem.
Despite the announcement, SLERF is trading down 8% at $0.28, according to data from CoinMarketCap.
Slerf quickly gained popularity in the crypto community after its anonymous founder mistakenly burned nearly $11 million of liquidity raised in a pre-sale call.
The unexpected turn of events did not stop speculators from purchasing the token, increasing it by more than 4,000% in a matter of a few hours after its trading debut. In response to the incident, several crypto exchanges, including HTX, Bitget, and BingX, pledged to contribute trading fees to support the Slerf community.
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