London, United Kingdom, April 9th, 2024, Chainwire
The newly emerging Solana-based meme coin Slothana ($SLOTH) continues to gain traction and raises over $10 million in thirteen days, becoming one of the biggest ongoing Solana presale. The milestone was reached while the Solana network experienced congestion issues that reduced the overall activity on the chain.
The presale is currently still active and the exchange rate is set at 10,000 $SLOTH token for every SOL token.
Active community and transparent team
With 14,000 followers on X, all the updates on the project are communicated by the team through the official Slothana page.
In order to make its followers feel part of the project, the team launched a survey about listing, asking the community to choose between a DEX only listing or a listing on both a DEX and a CEX.
The survey post gathered over 217,000 views and 5,700 votes with a multiple listing triumphing with 77% of the community picking that option.
On April 2nd, the Slothana team reacted quickly to a temporary domain block buy its ISP. The team rushed to push a copy of the website live on slothana.io which replaced for just a few hours the official domain slothana.com.
On April 5th, after identifying Solana Network’s congestion the team decided to perform a quick conversion of the SOL funds to USDT while also moving them from Solana to Polygon. This ensured funds protection and price stability considering that SOL price dropped over 10% from $189 to $170 on the 5th April.
The team rushed to inform the community on X in this case, too.
Slothana novel “Send to Wallet” presale mechanism
Pioneered by Darkfams through Book of Memes ($BOME), this new trend of raising funds directly through audiences captivated Solana traders during March. Analysts suggest that over $100 million was raised in presales during the month through this unique way of investing.
The Slothana ($SLOTH) presale utilizes a unique way to participate in its fundraising. Instead of the traditional presale route, those looking to get positioned in Slothana are required to send $SOL directly to a wallet address listed on the project’s website. Alternatively, users can utilize the “Lazy Sloth Buying Widget” by connecting their wallet and sending $SOL.
$SLOTH will then be dropped to all wallets sending $SOL following the token’s launch.
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