Ethereum

Vision

Rupee

USDC

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 <p class="paragraph">Bybit, a leading cryptocurrency trading platform, is set to host the Initial Decentralized Exchange Offering (IDO) for Slash Vision Labs (SVL), a <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> payment protocol aimed at both merchants and consumers.</p>
 <p class="paragraph">The IDO will conclude with the SVL token being listed on the Bybit spot <a rel="noopener noreferrer nofollow" title="exchange" href="https://thebittimes.com/tag/exchange.html">exchange</a> on April 29, 2024, at 10am UTC.</p>
 <h2 class="wp-block-heading" id="h-how-to-take-part-in-the-bybit-dex-offering">How to take part in the Bybit DEX offering?</h2>
 <p class="paragraph">To take part in the IDO, users need to have a Bybit Wallet with at least 300 USD Coin (USDC) on the MANTLE Chain and register between April 22, 10am UTC, and April 26, 10am UTC.&nbsp;</p>
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 <p class="paragraph">Bybit will conduct up to three daily snapshots during this period to determine users eligibility.</p>
 <p class="paragraph">The IDO will <a rel="noopener noreferrer nofollow" title="offer" href="https://thebittimes.com/tag/offer.html">offer</a> 26,315,800 SVL tokens at a launch price of 0.0019 USDC per token.&nbsp;</p>
 <p class="paragraph">There will also be 500 winning tickets in the token allocation lottery, each one allowing the holder to redeem SVL tokens worth 100 USDC from their Bybit Wallet.</p>
 <h2 class="wp-block-heading" id="h-the-importance-of-the-slash-ido-and-the-road-forward">The importance of the Slash IDO and the road forward</h2>
 <p class="paragraph">Shinsuke Sato, the founder of Slash, expressed excitement about the IDO, calling it a pivotal moment for the project:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“Our highly anticipated IDO is a pivotal moment for Slash, representing a key milestone in our journey to completely reshape the landscape of <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> payments.”</p>
 </blockquote>
 <p class="paragraph">In addition to the IDO, Slash is enhancing community engagement with a Genesis NFT Campaign.&nbsp;</p>
 <p class="paragraph">Participants who deposit on Bybit using Slash by April 26, 23:59 UTC+9, will receive a Genesis NFT, qualifying them for an upcoming SVL airdrop.&nbsp;</p>
 <p class="paragraph">The snapshot for this campaign will take place on April 26 at 00:00 UTC+9.</p>
 <h2 class="wp-block-heading" id="h-what-does-the-slash-ido-mean-for-merchants">What does the Slash IDO mean for merchants?</h2>
 <p class="paragraph">Slash is known for facilitating seamless integration with third-party finance dApps and automating token conversion via smart contracts.&nbsp;</p>
 <p class="paragraph">This allows merchants to accept a wide array of crypto payments directly, while users can enjoy the convenience of making purchases with almost any digital token.&nbsp;</p>
 <p class="paragraph">Slash is also committed to fostering a sustainable ecosystem by redistributing 100% of its protocol fees back to token stakers.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bybit-to-hosts-the-initial-decentralized-exchange-offering-for-slash-vision-labs-tbt86562.html">https://thebittimes.com/bybit-to-hosts-the-initial-decentralized-exchange-offering-for-slash-vision-labs-tbt86562.html</a></p>

Bybit to hosts the initial decentralized exchange offering for Slash Vision Labs

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