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Home Articles Solciety (SLCTY) Executes Major Token Burn With DEX Launch In 5 Days

Solciety (SLCTY) Executes Major Token Burn With DEX Launch In 5 Days

Benson Toti
Benson Toti
Benson Toti
Author:
Benson Toti
Reporter
Benson reports news and analyzes markets for BanklessTimes, interviewing key figures. An investor since 2008, he joined the crypto wave in 2017, contributing to The Coin Habit, CoinJournal, Bitcoin Insider, and TechinAfrica.
October 31st, 2024

Solciety (SLCTY) is set to launch soon, and that’s causing a buzz around crypto. Adding to the excitement is the project’s recent slashing of presale stages. Just this week, the move to burn a staggering 1.45 billion SLCTY tokens, has excitement through the roof.

Ahead of the U.S. election and with PolitiFi tokens poised, this is a major statement from a project that describes itself as the political party for degens.

Solciety and the U.S. politics and election

As Donald Trump took to social media to wish a happy 16th anniversary to the Bitcoin whitepaper, SLCTY gained momentum to see its presale price jump to $0.002357. Stage 6 is almost done and the next stage will see price increase to $0.002428.

Trump has promised to ensure all Bitcoin is “made in the USA” and that he will end the current administration’s “war on crypto.”

Current U.S. government includes Vice President Kamala Harris. Despite having the platform to do so, tthe VP has done or said very little to convince crypto holders. To most observers, her government may just continue the negative approach of regulation by enforcement the SEC has pursed over the past four years.

With many voters casting their ballots early ahead of the November 5, 2024 U.S. election, there’s something else that’s been happening worth noting: crypto investors’ scramble to position. 

Solciety, the meme coin on Solana that will also launch on exchanges on Nov. 5, has benefited from this push as its presale swiftly raced to $1.4 million.

What sets SLCTY apart from other PolitiFi tokens?

Solciety looks to ride the bullish sentiment to dominate PolitiFi meme coins. That includes MAGA (TRUMP) and Doland Tremp (TREMP). The advantage that SLCTY has is project’s long term goal.

SLCTY will power the ecosystem that emerges as the ‘political party of degens” grows. The meme campaigner tool will ensure viral memes bring political satire to the next level. The SLCTY token burn, community rewards and other incentive programs have early adopters abuzz.

What’s notable is that Solciety aims to offer a platform that’s more community-driven than any other meme coin in the space. Meme creators getting paid for their political satire is a use case that could drive global adoption.

Plans to evolve into a decentralized autonomous organization (DAO) add impetus for greater innovation.

To learn more or join the presale before Solciety launches, check the official website.

Contributors

Benson Toti
Reporter
Benson reports news and analyzes markets for BanklessTimes, interviewing key figures. An investor since 2008, he joined the crypto wave in 2017, contributing to The Coin Habit, CoinJournal, Bitcoin Insider, and TechinAfrica.