Bybit to Hosts the Initial Decentralized Exchange Offering for Slash Vision Labs
Bybit Hosts Initial Decentralized Exchange Offering for Slash Vision Labs
Bybit, a leading cryptocurrency trading platform, is set to host the Initial Decentralized Exchange Offering (IDO) for Slash Vision Labs (SVL), a decentralized payment protocol aimed at both merchants and consumers.
How to take part in the Bybit DEX offering?
- To participate, users need a Bybit Wallet with at least 300 USD Coin (USDC) on the MANTLE Chain.
- Registration is open from April 22, 10am UTC, to April 26, 10am UTC.
- Bybit will conduct daily snapshots during this period to determine eligibility.
The IDO will offer 26,315,800 SVL tokens at a launch price of 0.0019 USDC per token. Additionally, there will be 500 winning tickets in the token allocation lottery, with each allowing the redemption of SVL tokens worth 100 USDC.
The importance of the Slash IDO and the road forward
Shinsuke Sato, the founder of Slash, highlighted the IDO as a pivotal moment for the project, shaping the decentralized payments landscape. Besides the IDO, Slash is enhancing community engagement through a Genesis NFT Campaign.
What does the Slash IDO mean for merchants?
Slash's features enable seamless integration with finance dApps and automate token conversion via smart contracts, benefiting both merchants and users. The protocol's commitment to redistributing fees back to stakers ensures a sustainable ecosystem.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.