Slerf, a sloth-themed memecoin on the Solana blockchain, is preparing to establish its own decentralized organization to guide its development path.

The creator of Slerf, who accidentally burned nearly $11 million worth of tokens, has announced plans to create a community board and a decentralized autonomous organization (DAO) for the SLERF token and NFT holders.

Memecoin enthusiasts can look forward to a Community Board and DAO for $SLERF and @slerfcapital, designed to provide NFT holders with more control and decision-making power over one of the prominent memecoins on Solana.

We’re developing a Community Board and DAO for $SLERF and @slerfcapital with our NFT holders. This will empower our community with more control and decision-making power over one of the biggest memecoins on Solana.

Although specific details have not been disclosed, the anonymous developer mentioned that the community board would include influential figures from both English and Chinese communities. This move is expected to enhance broader community engagement and governance within the Slerf ecosystem.

Despite the announcement, SLERF is currently trading down 8% at $0.28, according to CoinMarketCap data.

Slerf quickly gained popularity in the crypto community after its anonymous founder mistakenly burned nearly $11 million worth of liquidity raised in a presale. This unexpected event did not deter speculators; instead, the token saw a remarkable rise of over 4,000% within hours of its trading debut. In response, several crypto exchanges, including HTX, Bitget, and BingX, pledged to contribute trading fees to support the Slerf community.

For more updates on Slerf and other cryptocurrency news, keep exploring Global Crypto News.

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