The recently emerged Slothana ($SLOTH), a meme coin built on Solana, is rapidly gaining popularity. It has raised an impressive $10 million in just thirteen days, making it one of the most significant ongoing Solana presales. When the Solana network faced congestion issues, there was a decrease in overall activity on the chain, reaching a significant milestone.

The presale is ongoing, and the exchange rate is 10,000 $SLOTH tokens for every SOL token.

An engaged community and a team that values transparency

As a seasoned professional in the field, the team ensures that all project updates are effectively communicated through the official Slothana page, which boasts an impressive following of 14,000 individuals on X.

To ensure inclusivity among its followers, the team initiated a survey regarding the listing options. The community was allowed to vote for either a DEX-only listing or a listing on both a DEX and a CEX.

The survey post received an impressive response, with over 217,000 views and 5,700 votes. The majority of the community, 77%, favoured the multiple listing options.

On April 2nd, the Slothana team responded swiftly to a temporary domain block imposed by its ISP. The team quickly deployed a website version on slothana.io, temporarily replacing the official domain slothana.com for a few hours.

On April 5th, the team swiftly converted the SOL funds to USDT and transferred them from Solana to Polygon due to congestion on the Solana Network. With a deep understanding of the blockchain, prioritised the security of funds and maintained price stability. It’s worth noting that on the 5th of April, the price of SOL experienced a significant drop of over 10%, falling from $189 to $170.

The team quickly notified the community about X in this situation as well.

Slothana Novel introduces the “Send to Wallet” Presale Mechanism

Introduced by an individual with extensive knowledge of Blockchain, this emerging practice of crowdfunding directly from viewers intrigued Solana traders in March. Experts estimate that more than $100 million was raised in presales during the month through this innovative method.

The Slothana ($SLOTH) presale offers a distinctive method for individuals to engage in its fundraising efforts. Instead of the usual presale method, individuals interested in getting involved with Slothana must send $SOL directly to a wallet address on the project’s website. Alternatively, users can use the “Lazy Sloth Buying Widget” by connecting their wallet and sending $SOL.

After the token’s launch, $SLOTH will be distributed to all wallets that send $SOL.

As clearly stated on the website and X account, it is crucial to emphasize the significance of sending funds from a private wallet instead of an exchange wallet.

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Trending Tales

Since December 8, the stablecoin economic system has grown 3.59% in 17 days as quite a few stablecoin market valuations have issued extra fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economic system’s $167 billion market valuation represents 6.68% of the whole $2.49 trillion crypto market economic system.

Stablecoin Issuance Jumps 3.5%

There’s a large number of stablecoins in existence at present which are pegged to the worth of fiat currencies just like the U.S. greenback. The U.S. greenback is the commonest stablecoin peg at present, however there are others that characterize the euro and the Swiss franc. On Saturday, the whole worth of all of the stablecoins in existence is $167 billion, up 3.59% since our newsdesk’s final stablecoin report. Essentially the most dominant stablecoin at present is tether (USDT) with a market valuation of round $77.7 billion unfold throughout varied blockchains.

Tether’s sizable market capitalization is 46.52% of the whole stablecoin economic system at present. Usd coin (USDC) is the second largest stablecoin when it comes to market capitalization with $42.4 billion. Whereas USDT elevated 5.7% over the last month, USDC climbed 14% over the last 30 days. The third, fourth and fifth largest stablecoin market valuations belong to BUSD, UST, and DAI respectively. BUSD’s $14.8 billion market cap elevated by 14.6% over the last month and UST’s issuance jumped by 36.6%.

60% of Right now’s Trades Are Paired With Stablecoins

The Makerdao-issued stablecoin DAI elevated by 2.9% this previous month with a valuation of round $8.9 billion. Terra Protocol’s UST stablecoin is 9.18% bigger with a valuation of round $9.8 billion on the time of writing. MIM, FRAX, and FEI noticed notable issuance will increase as properly with anyplace between 15.6% to 42.4% over the last month. The stablecoin origin greenback (OUSD) spiked greater than 102% during the last 30 days and SUSD jumped 38.7%.

On Saturday, the stablecoin economic system instructions $55.4 billion in commerce quantity out of the combination $92.1 billion reported quantity. This implies with each commerce at present, 60.15% of the trades are paired with stablecoins. As an example, the main crypto asset when it comes to market valuation, bitcoin (BTC), has seen round 59.68% of at present’s swaps with tether (USDT). The second main crypto asset, ethereum (ETH), has comparable metrics as 51.45% of all ether swaps are with tether as properly.

What do you concentrate on the stablecoin market valuation over the last 17 days swelling round 3.59%? Tell us what you concentrate on this topic within the feedback part under.

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