Slop Cash Token Auction Countdown: 9 Days, Targeting $400,000

The open-source funding channel Slop Cash token $SLOP has approximately 9 days and 8 hours left in its auction countdown, with a target amount of $400,000 and currently a committed amount of $0. The project states that payments will only be made for merged or accepted work, covering merged PRs, useful reviews, and confirmed serious security findings, based on GitHub as the source of truth. $SLOP is issued by Umia, under the entity Slop Cash, S.P., which is part of Umia Launcher SPC. Proceeds from the auction will go into a non-custodial treasury on the Robinhood Chain, with holders deciding on the use through a decision market. The prize pool and contributor payments will use stablecoins or the project's native tokens, not $SLOP. Initial contributor payments are planned to be issued in September 2026, involving 72 transactions totaling 6,005 USDC, covering elizaOS, ASI, and Slop itself. The total supply is fixed at 100 million tokens, with allocation ratios of 45% for the auction, 10% for the team, 14% for ecosystem and contributor programs, 2% for contributors, 9% for protocol-owned liquidity, 8% for the treasury, 2% for the initiator Umia, and 10% for performance reserves. The circulating supply at TGE will be 56,000,000 tokens. The project CEO is Drew Pierson, and the CTO is Shaw Walters. Umia's related contracts have been audited by Certora, while Slop's payment contracts have not yet been independently audited.

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