As a seasoned researcher with a keen interest in the ever-evolving world of cryptocurrencies and fintech, I find the recent developments at Slash Vision Labs particularly intriguing. Having closely followed the rise of cashless payments in Japan, it’s fascinating to see how Slash Payments has managed to carve out a significant niche for itself among Japanese merchants.
Slash Vision Labs, a Japanese cryptocurrency payments network, has revealed plans to debut their native SVL token on the prominent exchange Gate.io towards the end of this month. This action aims to enhance accessibility and broaden their user community.
In alignment with the product release, the company invites GT token holders to join an exclusive airdrop event on the Gate.io Launchpad platform, aiming to attract more individuals to purchase SVL and explore Slash’s services.
The SVL token is currently available for trading on platforms like Bybit, MEXC, and Zoomex. The recent addition to Gate.io, a well-known crypto exchange in Asia, aims to expand the user base of the company in that region.
As a researcher, I am focusing on the expansion strategy of Slash Vision beyond its domestic market in Japan. This innovative company is renowned for its Slash Payments service, a crypto payment platform that has gained traction among over 300 Japanese merchants and businesses. With just a basic email address, users can effortlessly set up a digital wallet to buy, hold, and spend cryptocurrencies at numerous retailers across Japan.
Slash Payments operates on the Mantle Network, yet it’s adaptable with all significant digital currency tokens such as Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Tether (USDT), and many more, making a grand total of approximately 1,400 cryptocurrencies available for transactions. The company is capitalizing on the growing trend towards cashless payments, which are rapidly gaining popularity in Japan. The Slash Payments application functions similarly to using services like PayPal or Stripe in a store, allowing users to pay with their digital currency by scanning a QR code.
In October 2022, the company introduced its Slash Payments service in Japan. Since then, it has achieved significant success, handling transactions valued over $180 million at more than 4,000 businesses within the nation.
One reason for Slash’s success is the way its app integrates simple DeFi functionality to provide added value to users. Once the user has created a Slash crypto wallet, they have the option to purchase and stake their SVL tokens in Slash Vaults. Not only do they earn interest, but they also receive veSVL tokens in return, which can be used with other DeFi applications to earn even greater rewards through yield farming strategies. By holding veSVL tokens, users can also engage in the platform’s governance, submitting proposals and voting on them.
Redistributes a portion of the transaction fees collected from processing transactions back to the community, funding the rewards for staking activities within the system.
As an analyst, I’m excited to share that alongside our payments app, we are also developing a Slash Card. This is a straightforward debit card that users can link to their Slash wallets, enabling them to spend cryptocurrency at any store that accepts Mastercard and Visa. The launch is scheduled for the first quarter of 2025, starting in Japan and expanding to international markets.
As a researcher delving into the digital currency realm, I find myself drawn to the alluring prospect of the recently listed SVL tokens on Gate.io, given the robust expansion of Slash’s ecosystem. To make this offer even more appealing, the company is granting an exclusive airdrop for those who hold Gate.io’s native cryptocurrency, GT tokens.
1. The airdrop is only available for a brief period of 2 days, commencing on August 28 at 8:00 AM UTC and concluding on August 30 at the same time (UTC). As stated by Slash Vision, any GT token holders who make a purchase order for SVL tokens within this timeframe will be eligible to receive a share from the 3,750 GT prize pool that has been designated for the airdrop.
To be eligible for the airdrop, Slash Vision requires users to possess a minimum of 10 GT tokens when they submit their purchase order. The trading of the SVL/USDT pair will initiate at 12:00 PM UTC on August 30, which is exactly two hours following the closure of the airdrop period.
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2024-08-27 11:40