Slash Fintech introduces the groundbreaking SVL Token IDO on Bybit's Web3 platform, initiating on April 22, 2024.
Featuring innovative blockchain technology and a promising future in digital asset trading, the SVL Token sets a new standard in governance tokens.
Explore the detailed process of participating in the IDO and prepare for the launch of spot trading. Don’t miss out on this significant event in the world of cryptocurrency!
Contents
Introduction to SVL Token IDO on Bybit Web3
On April 22, 2024, Slash Fintech announced the launch of the Initial DEX Offering (IDO) for the Slash Vision Labs token (SVL Token) on Bybit's Web3 platform.
The SVL Token, a governance token issued by Slash Vision Labs, utilizes the modular blockchain "Mantle Network" and has a total maximum supply set at 10 billion SVL.
An IDO is a method of fundraising through decentralized exchanges (DEXs) and has become a popular method following ICOs and IEOs.
The IDO for the SVL Token began on April 22, 2024, and it has been announced that spot trading for the SVL Token will also be available starting April 29, 2024.
How to Participate in the SVL Token IDO
Those wishing to participate in the IDO must hold at least 300 USDC in their Bybit wallet on the Mantle Network and must register for the Web3 IDO before the registration period ends.
The IDO involves taking snapshots of USDC holdings to distribute tickets to eligible participants, culminating in a lottery to determine the allocation of tokens. Here is the detailed process:
IDO Registration Period
- Dates: April 22 to April 26, 2024
- Participants need to hold at least 300 USDC on the Mantle Network in their Bybit wallet and must complete registration before the end of the registration period.
Snapshot Period
- Dates: April 26 to April 29, 2024
- Up to three snapshots are taken daily during this period. Failing to maintain a balance of 300 USDC results in disqualification from the IDO.
IDO Lottery
- Date: April 29, 2024
- The Bybit Web3 IDO uses smart contracts to randomly select tickets, ensuring a fair allocation of tokens.
Lottery Results Announcement & Purchase Period
- Dates: April 29 to April 30, 2024
- Winners of the token allocation lottery can confirm their allocated amount and redeem their tokens during this period.
SVL/USDT Spot Listing Date and Time
- Date: April 29, 2024
- From this date, spot trading for the SVL/USDT trading pair will be available.
>> Click here for the IDO page for SVL Tokens
>> Click here for the latest articles related to crypto currency payments.
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