The recently emerged Slothana ($SLOTH), a meme coin built on Solana, is rapidly gaining popularity. It has raised an impressive $10 million in just thirteen days, making it one of the most significant ongoing Solana presales. When the Solana network faced congestion issues, there was a decrease in overall activity on the chain, reaching a significant milestone.

The presale is ongoing, and the exchange rate is 10,000 $SLOTH tokens for every SOL token.

An engaged community and a team that values transparency

As a seasoned professional in the field, the team ensures that all project updates are effectively communicated through the official Slothana page, which boasts an impressive following of 14,000 individuals on X.

To ensure inclusivity among its followers, the team initiated a survey regarding the listing options. The community was allowed to vote for either a DEX-only listing or a listing on both a DEX and a CEX.

The survey post received an impressive response, with over 217,000 views and 5,700 votes. The majority of the community, 77%, favoured the multiple listing options.

On April 2nd, the Slothana team responded swiftly to a temporary domain block imposed by its ISP. The team quickly deployed a website version on slothana.io, temporarily replacing the official domain slothana.com for a few hours.

On April 5th, the team swiftly converted the SOL funds to USDT and transferred them from Solana to Polygon due to congestion on the Solana Network. With a deep understanding of the blockchain, prioritised the security of funds and maintained price stability. It’s worth noting that on the 5th of April, the price of SOL experienced a significant drop of over 10%, falling from $189 to $170.

The team quickly notified the community about X in this situation as well.

Slothana Novel introduces the “Send to Wallet” Presale Mechanism

Introduced by an individual with extensive knowledge of Blockchain, this emerging practice of crowdfunding directly from viewers intrigued Solana traders in March. Experts estimate that more than $100 million was raised in presales during the month through this innovative method.

The Slothana ($SLOTH) presale offers a distinctive method for individuals to engage in its fundraising efforts. Instead of the usual presale method, individuals interested in getting involved with Slothana must send $SOL directly to a wallet address on the project’s website. Alternatively, users can use the “Lazy Sloth Buying Widget” by connecting their wallet and sending $SOL.

After the token’s launch, $SLOTH will be distributed to all wallets that send $SOL.

As clearly stated on the website and X account, it is crucial to emphasize the significance of sending funds from a private wallet instead of an exchange wallet.

Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or project mentioned in this piece; nor can this article be regarded as investment advice. Please be aware that trading cryptocurrencies involve substantial risk as the volatility of the crypto market can lead to significant losses.

---

Filed under: Bitcoin - @ April 9, 2024 10:07 pm