Nftnews Today Solana Meme Coin Slerf Offers NFT To Presale Investors After $10M Mishap

Within the aftermath of a devastating mishap earlier this week, Solana-based meme coin undertaking Slerf has introduced plans to increase a compensation to affected presale traders. The incident, which resulted in losses exceeding $10 million for members in Slerf’s presale, stemmed from an unlucky accident attributed to the undertaking’s developer.

Solana Meme Coin Slerf To Present NFTs

In a bid to deal with 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 enable for different tasks 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.” Nevertheless, earlier, the group accused the Solana meme coin undertaking of participating in a Ponzi scheme because of the mishap. Nonetheless, the most recent transfer has subsided such speculations.

The developer behind the undertaking just 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 belongings allotted for liquidity provision (LP) and the distribution of airdrops inside the Slerf ecosystem.

Additionally Learn: Solana’s 68% Month-to-month Acquire Checks Correction Waters

What Precisely Occurred?

The Solana meme coin, Slerf, presale had amassed over 50,000 SOL value $10.8 million and your complete quantity was misplaced. The developer disclosed that LP tokens and your complete reserve of 500 million SLERF tokens earmarked for the airdrop have been mistakenly burned. Compounding the problem, the revocation of minting rights has rendered makes an attempt to recuperate the losses futile.

Regardless of efforts to deal with the state of affairs, the shortcoming to mint new tokens left pre-sale traders with out a answer for reclaiming their investments. Therefore, whether or not by token distribution or Solana refunds. In an effort to supply transparency and handle group issues, the Slerf crew initiated a session on X Areas.

Throughout the session, the Solana meme coin’s crew member Slorg expressed deep dismay and admitted to feeling bodily unwell because of the circumstances. “I’m confused,” they lamented, conveying uncertainty concerning the path ahead.

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