What is Slash Vision Labs (SVL)?

Preface

The Slash Vision Labs (SVL) Blockchain project is built on the Mantle network. Its ecosystem is dedicated to providing decentralization and low-cost methods to help businesses accept cryptocurrency payments, thereby eliminating traditional money laundering. The project integrates decentralized finance (DeFi) solutions such as liquidity pools and smart contracts to optimize payment rates for merchants and users.

The project reallocates 100% of the protocol fees to its ecosystem, rewarding Token stakers and promoting user participation through the Slash Vision portal. The core products of the project include Slash Card and Slash Payment, the former bridging the gap between Fiat Currency and the encryption economy, while the latter supports cryptocurrency payments across multiple networks.

What is Slash Vision Labs?

Slash Vision Labs (SVL) is a Decentralization payment platform designed to revolutionize the way Crypto Assets are traded by enabling merchants to accept Cryptocurrency without incurring Money Laundering.

Built on the Mantle network, this platform utilizes Decentralization liquidity pools and Smart Contract to provide users with high-quality Exchange Rate. This ensures that merchants can accept stablecoin payments, thus avoiding the risks of Crypto Assets Fluctuation. Slash Payment is one of the main services of the platform, providing e-commerce and physical store merchants with payment conversion between Crypto Assets. By integrating QR codes and APIs, merchants can easily incorporate encryption payments into their operations, providing customers with efficient and economical payment methods.

Slash Vision portal provides governance and stake reward functions for the community. Tokenholders can participate in the decision-making process and receive rewards by reallocating protocol fees. The launch of SVL Alpha-Base further enhances the platform, providing exclusive early opportunities for Token stakers, such as Token issuance and Airdrop for collaborative projects. Slash Vision Labs has also ventured into the Non-fungible Token field, launching the Alice Non-fungible Token project and the Slash Genesis Non-fungible Token, providing users with unique digital collectibles with utility value in the ecosystem.

The platform also has a Slash V-Preca store, where users can use a variety of Crypto Assets to purchase prepaid digital cards. Slash Vision Labs has a strong market influence in Japan, and this service is particularly popular in Japan.

Development Team

The development team at Slash Vision Labs is made up of blockchain and Web3 technology experts who are committed to developing solutions that promote the adoption of Cryptocurrency while ensuring compliance, especially in Japan. The team is responsible for developing products including Slash Card and Slash Payment, demonstrating their technical prowess and ability to integrate cryptocurrency payments into everyday commerce.

The team's incentive for community participation, especially the redistribution of protocol fees to Token stakers, highlights the push for a more decentralized and active ecosystem. In addition, their close collaboration with global partners and continuous improvement of the platform reflects the team's commitment to expanding Slash Vision Labs' business and adapting to the development of the cryptocurrency market.

The functions of Slash Vision Labs

Web3 Payment

Slash Vision Labs' Web3 payment system aims to provide a Decentralization payment experience, using Smart Contract and Decentralization exchange (DEX) to process Cryptocurrency transactions. The system supports over 1,400 types of Cryptocurrency payments, allowing users to benefit from Decentralization liquidity pools, while the conversion process is automatically completed by the system.

The main functions of the Slash Web3 payment system are:

Non-custodial Payment Gateway Users have full control of their encryption assets during the trading process and do not need to deposit funds with a third party.

Cross-border transactions Efficient international payments can be provided without the need for an intermediary, simplifying the operational processes for merchants and users.

No Merchant Fees Merchants can accept encryption payments without paying any fees. The system will settle the funds instantly into stablecoins, avoiding the risks associated with cryptocurrency fluctuations. Whether it is an online or offline transaction, merchants can easily integrate payment functionality through QR codes or APIs.

DecentralizationLiquidity The system obtains Liquidity from Decentralizationexchange to ensure users and merchants get the best Exchange Rate and achieve fast Settlement.

Instant Settlement

Slash Vision Labs' instant Settlement feature allows businesses to receive payment in stablecoins immediately after completing a transaction, eliminating the latency commonly found in traditional payment systems.

When customers use Crypto Assets for payment, Slash will find the best Exchange Rate for the Token through the Decentralization liquidity pool. Once the payment is completed, the funds will be automatically converted into stablecoins and directly deposited into the merchant's Wallet. This process does not require payment processing fees or screening procedures, greatly simplifying the seller's operational experience.

Funds and transaction details will be displayed immediately on the Slash dashboard, allowing users to track their sales in real time.

V-Preca Store

V-Preca Store is a feature provided by Slash Vision Labs specifically for Japanese users, allowing them to purchase V-Preca gift cards using various cryptocurrencies, including stablecoins and native tokens from multiple blockchains.

This service is a strategy launched by Slash to promote daily consumption of Crypto Assets and help develop the Japanese Crypto Assets market. The store supports various Crypto Assets payments, allowing users to trade more flexibly.

Slash Card

The Slash Card is still in the development stage. This feature aims to provide Japanese users with a fully compliant encryption payment solution. The card addresses most of the regulatory barriers that have hindered the operation of other encryption credit cards in Japan. Once launched, users will be able to use cryptocurrency for everyday expenses in Japan without violating the country's strict payment regulation requirements.

Slash Card is expected to become the first legal encryption credit card in Japan.

SVL Alpha-Base

SVL Alpha-Base is a platform launched by Slash Vision Labs, aiming to provide exclusive opportunities for SVL Token stakers. Alpha-Base has established strong partnerships with leading encryption projects today, providing SVL stakers with early participation in Token issuance and potential Airdrops.

The platform enables SVL stakers to participate in exclusive early opportunities to get valuable Tokens before the public sale. The platform not only brings these exclusive benefits to SVL stakers, but also exposes and helps partner projects reach the active community already in the SVL ecosystem.

Slash Vision Labs Token (SVL)

Slash Vision Labs Token (SVL) is the native functional Token of the Slash Vision Labs ecosystem. The Token is based on the ERC-20 standard and deployed on the Mantle network, innovating platform Decentralization governance and community reward mechanisms. holders can also stake this Token to earn rewards.

In addition to stake and governance functions, SVL also incorporates a reward system for Slash. Users participating in stake and activities on SVL Alpha-Base can receive additional Token rewards. SVL Alpha-Base provides exclusive opportunities for Token stakeholders to participate in cooperative projects for Token issuance and Airdrop.

Tokenomics and Token Usage

Slash Vision Labs will reallocate all (100%) protocol fees to SVL Token stakers, forming a strong incentive mechanism to encourage active participation in the ecosystem. This fee distribution system ensures that users staking SVL Token can receive rewards from the platform's payment products (including Slash Payment).

By staking SVL, participants can sustainably receive rewards, and the SVL Alpha-Base program further enhances these rewards. Stakers can access exclusive opportunities, such as early participation in Token issuance and Airdrops for collaborative projects. This structure promotes long-term participation and ensures that stakers remain active and continuously incentivized in the ecosystem.

Governance

SVL Tokenholder is an important part of the platform's governance model. Staking SVL Tokens grants users veSVL Tokens, representing voting rights in the platform's governance system. Tokenholders can use these governance tokens to vote on major decisions regarding the platform's development and direction. Through proposal and voting mechanisms, the community can actively participate in shaping the future of Slash Vision Labs, including updates implementation, platform improvements, and other significant changes.

Roadmap and Future Development

Since its establishment in 2022, Slash Vision Labs (SVL) has grown rapidly, achieving significant milestones and setting ambitious goals for its roadmap in 2024 and beyond. They focus on Decentralization payments and have created an ecosystem using blockchain technology, which also drops the barriers for users and businesses in terms of experience platforms.

Before discussing the future roadmap, it is equally important to understand the history of the project. In June 2022, Slash Vision Labs launched its testnet, followed by the Mainnet launch in August. These early plans were crucial as they laid a solid foundation for the encryption payment solution of the project and drove development with the scalability and security of the Mantle network.

In the same year, the project quickly progressed in product development and testing, and successfully obtained early feedback from the community and developers.

By 2023, the Slash Payment system has gained more adoption in Japan, with extremely low fees for processing cryptocurrency exchanges, especially attracting overseas centralized exchanges (CEX), benefiting greatly from decentralized, non-custodial payment solutions. In this year, the platform processed over 200 million USD worth of encryption transactions, marking a significant milestone in its growth trajectory.

In the 2024 roadmap, Slash Vision Labs launched the SVL Token in April. Distributed through the ByBit Launchpad, this Token serves as a utility Token within the ecosystem, allowing users to obtain exclusive opportunities and functions by staking the Token, such as participating in Token sales in advance and joining the exclusive project Alpha-Base for SVL holders.

Alpha-Base collaborates with other encryption projects to provide early Token issuance and potential Airdrop opportunities, rewarding active participants in the SVL ecosystem and offering a chance for partner projects to reach the engaged community.

The Slash Card, planned to be launched in 2024, will become the first fully compliant encryption credit card in the Japanese market. This card will bridge the gap between Fiat Currency and Cryptocurrency, providing users with a convenient way to use Cryptocurrency for daily expenses. Given Japan's strict regulatory environment for encryption payments, the launch of this card is an important achievement for the platform.

Another development in 2024 is the launch of a solution for converting Cryptocurrency to Japanese Yen, simplifying the process of converting Cryptocurrency to Japanese Yen. This feature may attract more Japanese users as it provides a direct way to localize encryption assets.

Looking ahead, Slash Vision Labs has ambitious plans to further expand its platform. The platform will prioritize strengthening collaborations with key players in the blockchain, Web 3, and payment industries, but also aims at niche industries such as GameFi, where encryption payments are expected to play a bigger role.

In addition, the platform also plans to improve and expand the user experience, aiming to make it easier for mainstream users to accept encryption payments, thereby promoting the widespread adoption of its solutions and breaking down complex entry barriers. Global expansion, especially outside of Japan, is also one of the future development focuses, including enhancing Cross-Chain Interaction capabilities to better serve the global market.

Conclusion

Slash Vision Labs offers an innovative Decentralization payment solution that focuses on enabling merchants to conduct Cryptocurrency transactions at zero cost. Its products, such as Slash Payment and the upcoming Slash Card, are designed to simplify Cryptocurrency transactions as much as possible, especially in markets like Japan that place a high emphasis on Compliance.

The ecosystem is supported by SVL Token and incentivizes community participation through stake rewards and Decentralization governance. By returning 100% of the protocol fees to the community, Slash Vision Labs has implemented a user-centric approach to development and decision-making.