Bybit Web3 IDO Launchpad Hosts IDO for Decentralized Payment Protocol Slash (SVL) Ahead of Spot Listing

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Leading crypto trading platform Bybit is hosting the Initial DEX Offering for Slash , a decentralized payment protocol designed to transform how merchants and consumers use digital tokens for transactions. Immediately following the IDO’s conclusion, the SVL token will be listed on the Bybit spot exchange and made available for trading on April 29, 2024, at 10am UTC.

The IDO offers 26,315,800 SVL tokens at a launch price of 0.0019 USDC per token, with 500 winning tickets in the token allocation lottery. Each winning ticket allows the holder to redeem SVL tokens worth 100 USDC from their Bybit Wallet. “Our protocol not only simplifies transactions for users and e-commerce merchants but also ensures that every participant in the ecosystem is rewarded through a comprehensive fee redistribution model.”

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