Discussion on Community Controversies and Industry Development of the MEME Project Slerf

The cryptocurrency market has been relatively calm recently, but a MEME project called Slerf on Solana has sparked heated discussions. This token, which features a sloth as its image, is currently undergoing a community takeover action led by opinion leaders from the Chinese community, resulting in its price doubling in just 5 days. This event not only draws attention but also provides us with an opportunity to gain deeper insights into the current development status of MEME projects.

Slerf Project Review

Slerf will launch in March 2024, using a presale and fair launch model, attracting a large number of investors. However, due to a developer's operational error, presale participants were unable to receive tokens, leading to a series of subsequent events. This incident quickly brought Slerf into the spotlight, with its price soaring from an initial $0.02 to $1.2.

Subsequently, the Slerf team began raising funds through various means to compensate pre-sale participants. As of September 9, most small participants have been compensated, but there are still about 250 addresses waiting for payment, involving an amount of approximately 12,437 SOL.

Community Takeover Controversy

Recently, a Chinese community opinion leader named BillyWen initiated a community takeover action of Slerf (CTO). BillyWen has a high influence in the community, holds 5 million Slerf tokens, and contributed approximately 1 million dollars in previous donation activities.

The CTO plan proposed by BillyWen has sparked heated discussions in the community, and the price of Slerf has risen from $0.14 to $0.24. This action is mainly aimed at addressing possible malicious behaviors in the MEME project, such as the founding team quickly selling off tokens after the pre-sale and ceasing operations.

The Slerf official responded to the event, but the community expressed dissatisfaction with some of its past actions, especially the founder Grumpy's practice of profiting from issuing new projects without compensating Slerf holders.

Opportunities and Challenges in the Development of the MEME Project

The vigorous development of the MEME project is mainly attributed to the following points:

1. The fair launch model provides more equal opportunities for different types of investors.
2. The cost of product development and launch is relatively low, which is conducive to the rapid incubation of projects.
3. The valuation model has not yet been solidified, price fluctuations are highly elastic, and trading is more active.

However, the MEME project also faces some challenges:

1. How to provide long-term incentives for the founding team to ensure the continuous development of the project.
2. There is a need to explore more effective project governance models to address the increasingly fragmented market liquidity.
3. In all possible ownership transfer scenarios, how to determine the most suitable project leader - whether it is the founding team, major investors, or decentralized community governance.

The CTO event of Slerf has provided new ideas for the development of the MEME project, but it has also exposed many challenges faced by this emerging field. How the future development path of the MEME project will unfold still requires further market testing and exploration.