Slerf Introduces Decentralized Voting for NFT Holders on Solana Platform

• Slerf’s new DAO voting grants each NFT a non-reusable vote, enhancing governance integrity.
• After the $ 10 M burn incident, Slerf’s community-driven model boosted its valuation to $750M.
• Slerf NFTs expand to OKX’s marketplace to increase project visibility and accessibility.

Solana-based memecoin project, Slerf, has introduced a decentralized voting system tailored exclusively for its NFT holders. This initiative, effective as of August 17, enables participants to directly impact the project’s strategic direction by voting on proposals or introducing new ones through Discord.

Details of the New Voting System

According to the announcement on social platform X, the Slerf DAO’s voting mechanism is now operational, granting each NFT a single vote in the decision-making process. This system ensures that once an NFT is used for voting, it cannot be reused for the same purpose, even if transferred to another wallet. This measure is designed to maintain the integrity and finality of voting outcomes, preventing any changes to votes once cast.

The project emphasizes that this voting right is non-transferable, even in the event of the NFT’s sale, ensuring that each token’s voting power is freshly reset upon new ownership. This approach aims to enhance active participation and governance among the community members.

Community Engagement and Platform Growth

Slerf’s decision to empower its NFT holders through this decentralized voting system follows a turbulent start earlier in the year, which saw a developer’s accidental burning of $10 million in presale funds. Despite this, the community’s support helped catapult the project to a valuation exceeding $750 million soon after.

Furthermore, the project announced that its NFTs would now be available for exclusive minting on OKX’s multi-chain NFT marketplace, an update accompanying the new voting feature. This expansion into new platforms will likely increase the visibility and accessibility of Slerf NFTs, potentially attracting a broader audience.

Market Response and Future Outlook

Introducing this governance feature has stirred interest within the cryptocurrency community, reflected in the active participation on the voting platform hosted on Slerf’s official website. Despite a recent 3% dip in its trading price, Slerf maintains a market capitalization nearing $73.6 million with significant trading activity.