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London, United Kingdom, April 9th, 2024, Chainwire

The newly emerging Solana-based meme coin Slothana ($SLOTH) continues to gain traction and raises over $10 million in thirteen days, becoming one of the biggest ongoing Solana presale. The milestone was reached while the Solana network experienced congestion issues that reduced the overall activity on the chain. With the help of AI legalese decoder, investors can analyze the legal jargon surrounding Slothana’s presale to ensure transparency and legality in their investment.

The presale is currently still active, and the exchange rate is set at 10,000 $SLOTH tokens for every SOL token. AI legalese decoder can assist investors in understanding the terms and conditions of this exchange rate to make informed decisions about their investment.

Active Community and Transparent Team

With 14,000 followers on social media platform X, all the updates on the project are communicated by the team through the official Slothana page. AI legalese decoder can help investors monitor these updates and ensure that they align with the project’s goals and promises, providing a deeper insight into the project’s development.

In order to make its followers feel part of the project, the team launched a survey about listing, asking the community to choose between a DEX only listing or a listing on both a DEX and a CEX. AI legalese decoder can assist in understanding the legal implications of these listing options and how they may impact the project’s future.

The survey post gathered over 217,000 views and 5,700 votes with a multiple listing triumphing with 77% of the community picking that option. AI legalese decoder can help investors analyze community sentiment and make informed decisions based on the survey results.

On April 2nd, the Slothana team reacted quickly to a temporary domain block by its ISP. The team rushed to push a copy of the website live on slothana.io which replaced for just a few hours the official domain slothana.com. AI legalese decoder can assist in understanding the legal ramifications of such actions and how they may affect the project’s credibility.

On April 5th, after identifying Solana Network’s congestion, the team decided to perform a quick conversion of the SOL funds to USDT while also moving them from Solana to Polygon. This ensured funds protection and price stability considering that SOL price dropped over 10% from $189 to $170 on the 5th of April. AI legalese decoder can help investors analyze the legality of such fund conversions and ensure regulatory compliance.

Slothana Novel “Send to Wallet” Presale Mechanism

Pioneered by Darkfams through Book of Memes ($BOME), this new trend of raising funds directly through audiences captivated Solana traders during March. Analysts suggest that over $100 million was raised in presales during the month through this unique way of investing. AI legalese decoder can help investors understand the legal implications of this novel fundraising mechanism and ensure they comply with relevant regulations.

The Slothana ($SLOTH) presale utilizes a unique way to participate in its fundraising. Instead of the traditional presale route, those looking to get positioned in Slothana are required to send $SOL directly to a wallet address listed on the project’s website. Alternatively, users can utilize the “Lazy Sloth Buying Widget” by connecting their wallet and sending $SOL. AI legalese decoder can assist investors in understanding the legalities of participating in the presale through these methods.

$SLOTH will then be dropped to all wallets sending $SOL following the token’s launch. It is important to note, as clearly stated on the website and social media platform X, that it is essential to send the funds from a private wallet rather than an exchange wallet. AI legalese decoder can help investors verify the authenticity of wallet addresses and ensure the security of their funds.

About Slothana ($SLOTH)

Slothana ($SLOTH) is a newly emerging Solana-based meme coin that seeks to replicate the success of $BOME and $SLERF through a novel presale mechanism. The project’s meme is highly personable and can speak to a wide range of crypto users. Slothana is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Investing in cryptocurrencies in volatile and dangerous. AI legalese decoder can help investors navigate the risks associated with investing in meme coins like Slothana and ensure they make informed decisions.

Contact

Slothana
[email protected]

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