Leading cryptocurrency trading platform Bybit will host the Initial Decentralized Exchange Offering (IDO) for Slash Vision Labs (SVL), a decentralized payment mechanism that targets both consumers and merchants.
On April 29, 2024, at 10am UTC, the SVL token will be listed on the Bybit spot exchange, marking the end of the IDO.
Participants in the IDO must register between April 22 and April 26, 10am UTC, and their Bybit Wallets must contain 300 USD Coins (USDC) on the MANTLE Chain.
The IDO will sell 26,315,800 SVL tokens at a price of 0.0019 USDC each at the start. Also, the token allocation lottery will have 500 winning tickets, and each one will allow the user to redeem 100 USDC worth of SVL tokens from their Bybit wallet.
Along with the IDO, Slash is also launching a Genesis NFT campaign to increase participation from the community.
Bybit users that make a Slash deposit before April 26 at 23:59 UTC+9 will receive a Genesis NFT, which will entitle them to a forthcoming SVL airdrop.
On April 26 at 00:00 UTC+9, there will be a campaign snapshot. One of Slash’s most notable features is its ability to automate token conversion through smart contracts and its smooth interface with third-party financial dApps.
This makes it easy for consumers to buy things with nearly any digital token, and it also lets businesses accept a broad variety of crypto payments directly.
Token holders will get 100% of Slash’s protocol fees, furthering the company’s goal of creating a sustainable ecosystem.
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