Slerf, the popular sloth-themed memecoin on the Solana blockchain, is gearing up to launch its own decentralized autonomous organization (DAO). This move aims to give token and NFT holders more influence over the project’s future.

Empowering the Community

The anonymous creator of Slerf recently announced plans to set up a community board alongside the DAO. This initiative is designed to enhance community engagement and provide holders with greater decision-making power. The community board will include prominent figures from both English and Chinese crypto communities.

Slerf’s journey began with an unexpected twist. The creator accidentally burned nearly $11 million worth of tokens, which were initially raised through a presale. Despite this mishap, the token saw a massive surge in popularity, with its value increasing by over 4,000% shortly after its debut.

Exchange Support

In response to the accidental token burn, several crypto exchanges, including HTX, Bitget, and BingX, offered their support. These exchanges pledged to contribute trading fees to help bolster the Slerf community.

As of now, SLERF is trading at $0.28, down 8%, according to CoinMarketCap. The announcement of the new DAO and community board has generated excitement, but the market remains cautious.

The introduction of a DAO and community board marks a significant step for Slerf, aiming to create a more inclusive and democratic framework for its token holders. This development is expected to drive further engagement and growth within the Slerf ecosystem.