The Slop Cash token auction countdown is on, with a target of 400,000 USD

The Slop Cash page of the open-source funding channel shows that the auction for its token $SLOP has not yet started, with a countdown of about 9 days and 8 hours. The committed amount is $0, with a target of $400,000. The project claims to only pay for merged or accepted work, using GitHub as the factual source, with payment covering merged PRs, useful reviews, and confirmed serious security findings.

The page states that $SLOP is issued by Umia, with the entity being the independent portfolio Slop Cash, S.P. under Umia Launcher SPC. Proceeds from the auction will go into a non-custodial on-chain treasury on the Robinhood Chain, with the use decided by holders through a decision market. The prize pool and contributor payments will use stablecoins or the project's own tokens, without using $SLOP. Initial contributor payments will be issued in September 2026, corresponding to work done in August, totaling 72 transfers of 6,005 USDC, involving elizaOS, ASI, and Slop itself.

The total supply is fixed at 100 million tokens. The distribution listed on the page is 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, stating that 56 million tokens will be in circulation at TGE. The CEO is Drew Pierson, and the CTO is Shaw Walters, who built elizaOS. Contracts related to Umia are audited by Certora, while the payment contract page for Slop states that it has not yet been independently audited.