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Bybit Hosts IDO for Slash's Decentralized Payment Protocol

Discover how Bybit's IDO for Slash (SVL) is revolutionizing decentralized payments with innovative technology and community engagement.
Published on 2024-04-25

Introduction to Slash IDO on Bybit

Bybit, a leading crypto trading platform, is hosting the Initial DEX Offering (IDO) for Slash (SVL), a decentralized payment protocol aiming to revolutionize digital transactions. The SVL token will be available for trading on Bybit's spot exchange starting April 29, 2024.

Participation in the IDO

To join the IDO, users need a Bybit Wallet with at least 300 USDC on the MANTLE Chain and must register between April 22 and April 26. The platform will conduct daily snapshots to determine eligibility. The IDO offers 26,315,800 SVL tokens at 0.0019 USDC each, with 500 winning tickets available through a token allocation lottery. Each ticket allows the holder to redeem SVL tokens worth 100 USDC.

Slash's Impact on Decentralized Payments

Slash is set to reshape decentralized payments by simplifying transactions for users and merchants. Its protocol includes a fee redistribution model that rewards participants within the ecosystem. The platform allows seamless integration with third-party finance dApps and automates token conversion via smart contracts, enabling diverse crypto payments.

Community Engagement and Genesis NFT Campaign

Alongside the IDO, Slash is running a Genesis NFT Campaign. Participants depositing on Bybit using Slash by April 26 will receive a Genesis NFT, qualifying them for a future SVL airdrop. This initiative enhances community engagement and offers additional benefits to participants.

Slash's Innovative Ecosystem

Slash Vision Labs (SVL) is transforming cryptocurrency payments through its ecosystem on the Mantle Network. It redistributes 100% of protocol fees to token stakers, fostering active community participation. Slash Payment and Slash Card are its flagship products, empowering over 4,000 merchants and bridging fiat and crypto economies in Japan.

Slash continues to innovate, with Slash Card being the first crypto-backed credit card compliant with Japan's regulations, aiming to integrate more users into the crypto world.

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