Now Live: SLASH (SVL) on Bybit Web3 IDO

We're excited to announce that our latest IDO project, SLASH (SVL), is now live!

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About SLASH

• Token: SVL
• Price: 1 SVL Token = 0.0019 USDT
• Total Allocated to Bybit IDO: 26,315,789 SVL (0.26 % of the total max supply)

Project Description

SVL (Slash Vision Labs) is pioneering the transformation of the cryptocurrency payments landscape with its innovative ecosystem, built on the Mantle Network. Embracing decentralization and community empowerment, SVL redistributes 100% of protocol fees back into the ecosystem, rewarding token stakers and fostering active participation.

Website | X | Discord

How It Works

• IDO Subscription Period: Apr 22, 2024, 10AM UTC to Apr 26, 2024, 10AM UTC .
• Snapshot Period*: Apr 26, 2024, 10AM UTC to Apr 29, 2024, 10AM UTC .
• IDO Lottery Draw: Apr 29, 2024, 10AM UTC .
• Smart contracts will randomly select 500 winners who subscribed for the IDO.
• Reveal and Purchase Period: Apr 29, 2024, 10AM UTC to Apr 30, 2024, 10AM UTC
• During this period, participants can reveal whether they have won a winning ticket. Once the winning tickets have been revealed, users will be able to purchase 100 USDT worth of tokens.
• Listing: SVL/USDT will be listed on Bybit Spot on Apr 29, 2024, 10AM UTC .

*Note:

• Users must own a Bybit Wallet with a balance of at least 300 USDC (Mantle Chain) to be eligible for IDO participation. Failure to maintain this balance during the Snapshot Period will result in ineligibility.
• Three (3) snapshots will be taken per day during the Snapshot Period.

To learn more about Bybit Web3 IDO, please check out our Help Center.

Terms and Conditions:

1. Participants must have a Bybit Wallet with balance of at least 300 USDC (Mantle Chain) to be eligible for IDO participation. Failure to maintain this balance during the Snapshot Period will result in ineligibility.

2. Three (3) snapshots will be taken per day during the Snapshot Period from Apr 26, 2024, 10AM UTC to Apr 29, 2024, 10AM UTC .

3. Identity Verification Lv. 1 is not required for participation.

4. Subaccounts are not eligible for IDO participation.

5. To ensure an optimal Web3 experience on the Bybit App, please upgrade your App to version 4.9.0 or higher.

6. To redeem allocated IDO tokens, participants will need to pay blockchain gas fees which may vary due to network conditions, and redemption will fail if there are insufficient funds.

7. Bybit reserves the right of the final interpretation of this event. If you have any questions, please contact our customer service.

8. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses and any other activities in connection with unlawful, fraudulent, or harmful purposes.