Within the aftermath of a devastating mishap earlier this week, Solana-based meme coin mission Slerf has introduced plans to increase a compensation to affected presale traders. The incident, which resulted in losses exceeding $10 million for contributors in Slerf’s presale, stemmed from an unlucky accident attributed to the mission’s developer.
Solana Meme Coin Slerf To Present NFTs
In a bid to handle the issues of impacted traders, the Slerf community took to social media platform X to stipulate their remedial measures. “We’re planning to drop Soul-bound NFTs to the pockets addresses of affected presalers in addition to refund contributors,” they acknowledged.
The submit added, “This can permit for different initiatives to airdrop them tokens or NFTs simply in addition to have a pleasant piece of memorabilia for his or her legendary half in $SLERF HISTORY.” Nonetheless, earlier, the group accused the Solana meme coin mission of partaking in a Ponzi scheme because of the mishap. Nonetheless, the newest transfer has subsided such speculations.
The developer behind the mission lately made a candid confession on X. He revealed a catastrophic error involving the unintentional burning of a good portion of the token provide. This consists of property allotted for liquidity provision (LP) and the distribution of airdrops inside the Slerf ecosystem.
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What Precisely Occurred?
The Solana meme coin, Slerf, presale had amassed over 50,000 SOL price $10.8 million and the whole quantity was misplaced. The developer disclosed that LP tokens and the whole reserve of 500 million SLERF tokens earmarked for the airdrop had been mistakenly burned. Compounding the problem, the revocation of minting rights has rendered makes an attempt to get better the losses futile.
Regardless of efforts to handle the state of affairs, the shortcoming to mint new tokens left pre-sale traders with no resolution for reclaiming their investments. Therefore, whether or not by means of token distribution or Solana refunds. In an effort to supply transparency and deal with group issues, the Slerf team initiated a session on X Areas.
Through the session, the Solana meme coin’s group member Slorg expressed deep dismay and admitted to feeling bodily unwell because of the circumstances. “I’m perplexed,” they lamented, conveying uncertainty concerning the path ahead.
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