- Slerf has introduced a decentralized voting system.
- The voting system is exclusive to a certain group of users.
- These users cannot transfer their voting rights.
Solana-based memecoin project Slerf announced today the launch of its decentralized voting system, exclusive to SLERF NFT holders.
Slerf rose to prominence in March this year following a botched launch, which saw the project’s developer “accidentally” burn $10 million in presale funds due to a “simple mindless misclick.” The stroke of bad luck ended with the crypto community rallying behind the project, pushing its market cap to over $750 million within a few hours.
Slerf DAO Voting System
According to an X (Twitter) post on August 17, the Slerf DAO voting system is now live, allowing SLERF NFT holders to influence the project’s future direction by casting a vote or submitting direct proposals via Discord.
The project clarified that each NFT represented one vote within DAO proposals and that holders couldn’t transfer their voting rights to others in the event of a sale.
“Each NFT can only be used to vote once. This means after you transfer your NFT to another wallet after voting it cannot be used to vote again. This goes for sales as well,” the project wrote on its website. “Votes cannot be changed.”
This approach is expected to foster community engagement and participation by allowing NFT holders to have a direct say in key decisions. It came after Slerf recently announced that its NFTs would be available for exclusive minting on OKX’s multi-chain non-fungible token marketplace.
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