In an exciting development for cryptocurrency enthusiasts and early adopters, Slash Fintech announces the distribution of its proprietary SVL token through an airdrop.
Aimed at rewarding its community and further decentralizing its ecosystem, the initiative targets Alice NFT holders, early users of Slash Payments, and more.
Stay tuned for how to participate and leverage the upcoming opportunities in this evolving digital landscape.
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Free Distribution of Slash Vision Labs Token (SVL)
Slash Fintech, the entity behind the cryptocurrency payment service "Slash Payments," announced on March 25, 2024, that it will airdrop its proprietary token, the Slash Vision Labs Token (SVL), to several eligible parties.
The Slash Vision Labs Token (SVL) is an ERC20 standard token issued using the "Mantle Network," a modular blockchain, and is slated to be listed on major cryptocurrency exchanges in the near future.
The SVL token will be airdropped to "early users of Slash Payment" and "holders of Alice NFT," among others. Details about the airdrop participants, participation methods, and the utility of the SVL are reported as follows.
About the SVL Token Airdrop
The SVL token airdrop targets early users within the Slash ecosystem.
This airdrop aims to decentralize and develop the Slash ecosystem further, showing appreciation to Alice NFT holders, Slash Payment users, and the community.
The early users eligible for this airdrop include:
- Alice NFT holders
- Holders of Galxe OAT & points issued by Slash
- Holders of Slash x Bybit Genesis NFT
Details on the distribution date and acquisition procedures will be announced on "X" and "Discord."
Allocation & Snapshot for Users
The total amount of SVL tokens to be airdropped to each user will be accessible on Slash's proprietary platform in the future.
Additionally, a "snapshot" to record users' cryptocurrency holdings will be taken soon.
Owning "Slash OAT, Slash Genesis NFT, and Alice NFT" can increase the allocation of SVL tokens received from the airdrop.
The timing of the snapshot will be announced in future updates.
Measures Against Sybil Attacks
In the SVL token airdrop, measures will be implemented to prevent "Sybil attacks," where individuals or organizations create multiple accounts for fraudulent activities.
Specifically, rigorous criteria will be applied to participating accounts and wallets, undergoing examination and investigation to ensure a fair airdrop process.
Strict measures will be taken against accounts and wallets involved in unauthorized use of SlashPayment, malicious access to contracts, and other activities deemed fraudulent, safeguarding the healthy development of the Slash ecosystem.
Plans for Those Not Currently Eligible for the Airdrop
Even if you are not currently eligible for the airdrop, there might be an opportunity to become eligible in the future.
"Contributors to Slash, including community participants and early users," and "participants in upcoming daily task campaigns" may also become eligible for the airdrop.
About the SVL Token
The Slash Vision Labs Token (SVL) is issued on the Mantle Network based on the ERC20 standard.
The SVL token is expected to be listed on major cryptocurrency exchanges soon and will be distributed to "early users of Slash Payment" and "Alice NFT holders" through the announced airdrop.
At the heart of the Slash project is the SVL token, and by staking SVL for a certain period, holders can own the SVL TimeLock NFT (SBT).
SVL TimeLock NFT (SBT) holders can participate in ecosystem governance and receive rewards.
Specifically, the ecosystem plans to purchase MNT, the native token of the Mantle Network, from the market with profits generated from Slash Payment and future services, redistributing them to Slash Staking NFT holders, thus realizing a user-rewarding decentralized payment service.
The official announcement also warns, "As the SVL token has not been launched yet, be cautious of fraudulent links and messages."
Details of the airdrop will be announced on Slash's official "X" and Discord, so stay tuned for future updates.
>> Click here for the latest airdrop-related articles.
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