The SVL token is now available on Bybit, kicking off the activity to share a prize pool of 10,000 USDT.

Decentralized payment tool developer Vision Labs announced yesterday that the SVL token has been listed on the Bybit cryptocurrency exchange. To commemorate the listing, Slash will hold the SVL Bybit listing event with a prize pool of 10,000 USDT, and users who complete the tasks will have the chance to receive rewards.

SVL token listed on Bybit, starting the event to share the 10,000 USDT prize pool

SVL Listing Details

Token Name: SVL
Listing Price: 1 SVL = $0.0019 (currently at $0.003571)
Trading Pair: SVL/USDT
Maximum Supply: 10 billion SVL
Blockchain: Mantle Network

https://www.bybit.com/en/trade/spot/SVL/USDT

SVL Token as Key Ecosystem Component

The Slash Vision Labs token (SVL) will be issued on the Mantle Network, following the ERC20 token standard. The core of the Slash project is the SVL token, a key component driving the project's ecosystem. SVL includes various functions, such as issuing SVL TimeLock NFT, which is a part of the project's governance structure.

In addition, SVL operates within an ecosystem that uses the profits generated from the Slash Payment and Slash Card gross merchandise volume (GMV) to purchase the native token (MNT) of the Mantle Network from the market and distribute it to SVL TimeLock NFT holders. This income-sharing model highlights the decentralized nature, promoting growth and sustainability.

Slash Offers Two Flagship Products

With its innovative ecosystem based on the Mantle Network, SVL (Slash Vision Labs) is leading the revolution in the field of cryptocurrency payments. Through decentralization and community empowerment, SVL reallocates 100% of protocol fees back to the ecosystem, rewarding token holders and promoting active participation.

Slash offers two flagship products: Slash Payment and Slash Card.

Slash Payment: Since its launch in October 2022, Slash Payment has empowered over 4,000 merchants to seamlessly accept various tokens as a form of payment on any network, processing transactions worth over $180 million.

Slash Card: Slash Card is the first and only credit card that fully complies with Japan's strict cryptocurrency and payment regulations. It connects the legal and crypto economies, aiming to seamlessly bring Japanese consumers, merchants, developers, and institutions into the crypto world, providing unparalleled convenience.

Bybit Web3 IDO and Listing Commemorative Event

The IDO for Slash Vision Labs token (SVL) was held on "Bybit Web3" on April 22 at 18:00 (UTC+8), with 56,769 participants sharing a distribution of $50,000 (26,315,800 SVL).

During the IDO, Slash launched the Slash Vision Portal, held a 50,000 MNT prize pool event, and conducted a VeryLongSlash NFT (SBT) airdrop. Slash plans to continue collaborating with various projects to develop the SVL ecosystem.

Furthermore, through a $250,000 SVL and MNT token exchange with Mantle Network, Slash aims to strengthen strategic partnerships and further expand its growth strategy in the Japanese market.

To commemorate the listing on the Bybit exchange, Slash will hold the SVL Bybit listing event, distributing 5 USDT to 1,000 eligible users and 100 USDT to 50 of them to encourage user participation (complete the tasks in the image above for a chance to win).

https://app.galxe.com/quest/slash/GCSKnthiWb