Bybit, a top crypto trading platform, is hosting an Initial DEX Offering (IDO) for Slash (SVL), a new payment system using digital tokens. The SVL token will start trading on Bybit on April 29 at 10am UTC after the IDO ends.

To join the IDO, you need a Bybit Wallet with at least 300 USDC on the MANTLE Chain. Registration is open from April 22 to April 26, 10am UTC. Bybit will check eligibility three times a day.

The IDO offers 26,315,800 SVL tokens at 0.0019 USDC each. There are 500 winning tickets in the token lottery. Each ticket lets you get SVL tokens worth 100 USDC.

Slash's founder, Shinsuke Sato, says the IDO is a big moment for Slash. It's a step toward changing how people make payments using digital tokens.

In addition to the IDO, Slash is giving away Genesis NFTs to users who deposit using Slash by April 26, 23:59 UTC+9. This NFT qualifies them for a future SVL airdrop. The snapshot for this is on April 26 at 00:00 UTC+9.

Slash stands out by working well with other finance apps and making token conversions automatic with smart contracts. This lets merchants accept lots of crypto payments, and users can buy things with almost any digital token.

Slash also shares all its fees with token holders, making sure everyone benefits from the ecosystem.

About Slash

SVL is changing cryptocurrency payments with its Mantle Network. It gives all its fees back to token holders and has two main products: Slash Payment and Slash Card. Since starting in October 2022, Slash Payment has helped over 4,000 merchants accept tokens as payment, processing over $180 million. Slash Card is Japan's first crypto-backed credit card, following strict regulations and aiming to bring crypto to Japanese consumers and businesses.

Bybit's IDO for Slash shows a new way forward in crypto payments, promising benefits for both merchants and users.