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News

Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users

March 22, 2024 - Around 2 mins mins to read

Key Points:

  • Slerf first refund raised 4,000 SOL in 24 hours to compensate users affected by operational errors.
  • 3,800 SOLs were refunded, with ongoing donations aiding affected users proportionally.
  • Operational mishaps led to the loss of all LP tokens, prompting community support efforts overseen by LBank.
In a remarkable display of solidarity and community backing, Slerf, in collaboration with LBank, has launched a donation campaign that has captured significant attention.
Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users
Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users 2

Slerf First Refund Raises 4,000 SOL in 24 Hours

The joint effort between Slerf and LBank resulted in the collection of nearly 4,000 SOL within just 24 hours. However, as per on-chain data, approximately 3,800 SOLs have been refunded, with priority given to small-scale users who participated in Slerf’s initial fundraising phase.

The Slerf first refund targets small users who participated in Slerf’s private sale but were deprived of Slerf tokens due to past operational errors. Notably, the broader community, including unaffected individuals, is encouraged to contribute Solana to support this cause, with the collected funds to be distributed proportionally among the affected private sale participants.

Operational Setbacks Prompt Community Support

The donation process is ongoing, with the promise of airdrop rewards for contributors once the campaign concludes. The specifics of these rewards remain undisclosed at present.

This move follows operational setbacks that led to the depletion of all LP tokens and airdropped tokens reserved for the project’s fundraising, as well as the forfeiture of access rights, effectively wiping out the project’s liquidity pool, which contains 50,000 SOL.

Addressing these challenges, Slerf’s founder has affirmed that the LBank team will collaborate closely with the community to oversee the Slerf first refund and ensuing measures, ensuring the founder’s exclusion from any token-related operations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

LBank

Slerf

SOL

Solana

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users

Key Points:

  • Slerf first refund raised 4,000 SOL in 24 hours to compensate users affected by operational errors.
  • 3,800 SOLs were refunded, with ongoing donations aiding affected users proportionally.
  • Operational mishaps led to the loss of all LP tokens, prompting community support efforts overseen by LBank.
In a remarkable display of solidarity and community backing, Slerf, in collaboration with LBank, has launched a donation campaign that has captured significant attention.
Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users
Slerf First Refund Was Successful, With 4,000 SOL Raised In Support Of Users 4

Slerf First Refund Raises 4,000 SOL in 24 Hours

The joint effort between Slerf and LBank resulted in the collection of nearly 4,000 SOL within just 24 hours. However, as per on-chain data, approximately 3,800 SOLs have been refunded, with priority given to small-scale users who participated in Slerf’s initial fundraising phase.

The Slerf first refund targets small users who participated in Slerf’s private sale but were deprived of Slerf tokens due to past operational errors. Notably, the broader community, including unaffected individuals, is encouraged to contribute Solana to support this cause, with the collected funds to be distributed proportionally among the affected private sale participants.

Operational Setbacks Prompt Community Support

The donation process is ongoing, with the promise of airdrop rewards for contributors once the campaign concludes. The specifics of these rewards remain undisclosed at present.

This move follows operational setbacks that led to the depletion of all LP tokens and airdropped tokens reserved for the project’s fundraising, as well as the forfeiture of access rights, effectively wiping out the project’s liquidity pool, which contains 50,000 SOL.

Addressing these challenges, Slerf’s founder has affirmed that the LBank team will collaborate closely with the community to oversee the Slerf first refund and ensuing measures, ensuring the founder’s exclusion from any token-related operations.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.