After $10M incident, Slerf coin team has offered investors new opportunities
After $10M incident, Slerf coin team has offered investors new opportunities
After a questionable mistake related to the burning of Slerf tokens on the Solana blockchain rattled members of the crypto community this week, the developers of the meme coin plan to compensate investors for their losses during the ongoing pre-sale.
As a reminder, the project lost all the funds it received by sending tokens to the burnt address, HdENn8...HgNAsF, which was not under anyone's control. The project team explained the incident as an incomprehensible error and called it "pointless."
The incident resulted in over $10 million in losses for Slerf pre-sale participants.
In an attempt to improve the sentiment of affected investors and regain their interest, Slerf's social media network X and offered its remedies. "We plan to send Soul-linked NFTs to the wallet addresses of affected pre-sellers as well as those handling refunds," the developers suggested.
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Through such measures, other projects will be able to give away tokens or NFTs and "receive memorabilia for their legendary role in SLERF's history."
The developer of the project admitted his mistake 3 days ago, causing the disaster of accidentally burning significant amounts of tokens. This includes assets (LP) allocated for liquidity and airdrop distribution within the Slerf ecosystem.
Slerf's pre-sale was over 50,000 SOLs worth $10.8 million. However, the LP tokens and the entire reserve of 500 million SLERF tokens were mistakenly sent to an empty address. The problem was further complicated by the fact that the revocation of minting rights made attempts to recoup the losses futile.
The lack of ability to issue new tokens deprived investors of the opportunity to recoup their investment. Therefore, the SLERF team made a new proposal in X.
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