Outside Source
London, United Kingdom, April 26th, 2024, Chainwire
The Slothana (SLOTH) presale has raised over $15 million in funding and is entering its final stage, with two days remaining before the token lists on decentralized exchanges (DEXs).
Slothana was able to hit this milestone after initially raising $2.5 Million is 72 hours, followed by a cumulative raise of $12.5 in less than a month. This puts the total funds raised at the $15 Million mark.
Through a social media campaign featuring sloth memes on its official Twitter account, Slothana has built up an impressive following of over 25,000 people and have seen some of its recent posts been viewed by over 240,000 users, liked by over 1,000 people and commented over 600 times.
This ties in with the recent Solana-based memecoin trend the crypto industry is observing as of late, with projects like SLERF, BOBAOPPA, BOME and others that recently hit the center stage with their innovative fund raising techniques.
Slothana’s presale success is also evidenced by its #2 ranking on the popular ICO listing platform ICOBench.com which curates most of the active fund raising ICOs. The community has been creating articles on platform such as Binance Square, Reddit and CoinMarketCap Community. to express their support of the project. In addition, 130,000 subscribers channel “Crypto Gains” released a Slothana video hitting over 3,000 views, 50 comments and 150 likes in just over 24 hours.
This is all an integrated marketing campaign that the Slothana team is executing, coupled with a community engagement and gamification campaign to help expand the project’s digital footprint.
What is SLOTH token?
Slothana is the latest sloth-themed meme coin, following in the footsteps of similar tokens recently launched. Purely meme-focused, SLOTH doesn’t offer any real-world use case or utility. Instead, it taps into the idea of escaping the “9-5 grind” – as evidenced by the project’s branding.
Together with the simple project structure, another reason for its popularity is that Slothana is arriving on the scene at a pivotal moment for Solana’s meme coin space. This sector has multiplied in recent months, with its total market cap now exceeding $7.4 billion.
The frequent update given by the team through its X account and the quick reaction to the Solana Network congestion is also seen as one of the main drivers of the growing trust of the community towards the Slothana Meme project.
Slothana has a unique fund raising mechanism, as previously outlined in a press release, in which interested users send out $SOL and receive an airdrop of $SLOTH to a designated wallet. Users are encouraged to follow the specific instructions and not to use centralized exchanges to make sure the funds will not be lost.
About Slothana
Slothana (SLOTH) is a meme cryptocurrency project launched on the Solana blockchain. It has no utility or use case and is purely a community-driven meme coin inspired by sloth culture. The SLOTH token is in the final stage of the presale and has raised over $15 million in funding so far.
Users can visit the Slothana presale here.
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 is volatile and dangerous.
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This article first appeared at CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison
