Introduction

Slash Vision Labs (SVL) is a blockchain project built on the Mantle Network. Its ecosystem was designed to empower businesses by allowing them to accept cryptocurrency payments decentralized and efficiently, eliminating traditional transaction fees. This project integrates decentralized finance (DeFi) solutions, such as liquidity pools and smart contracts, to optimize payment rates for merchants and users.

The project redistributes 100% of its protocol fees into its ecosystem, rewarding token stakers and fostering participation through the Slash Vision Portal. It has products like the Slash Card, which bridges fiat and crypto economies, and Slash Payment, which facilitates cryptocurrency payments across multiple networks.

What is Slash Vision Labs?

Slash Vision Labs (SVL) is a decentralized payment platform designed to change how cryptocurrency transactions work by allowing merchants to accept payments without transaction fees.

Built on the Mantle Network, Slash uses decentralized liquidity pools and smart contracts to provide users with good exchange rates. This ensures that sellers can receive payments in stablecoins, mitigating risks commonly associated with cryptocurrency volatility. Slash Payment is one of the platform’s primary services, facilitating crypto-to-crypto transactions for merchants in e-commerce and physical stores. Through integration methods like QR codes and APIs, sellers can easily incorporate crypto payments into their operations, offering customers an efficient and cost-effective payment method.

The Slash Vision Portal enables governance and staking rewards for the community. Token holders can participate in decision-making processes and earn rewards from redistributing protocol fees. The launch of SVL Alpha-Base further enhances the platform by giving token stakers access to exclusive early-stage opportunities, such as token launches and airdrops from partner projects. Slash Vision Labs has also ventured into the NFT space with projects like the Alice NFT Project and Slash Genesis NFT, which provide users with unique digital collectibles that offer utility within the ecosystem.

The platform features the Slash V-Preca SHOP, where users can purchase prepaid digital cards using various cryptocurrencies. This service is especially popular in Japan, where Slash Vision Labs has a strong presence.

Development Team

Slash Vision Labs’ development team comprises experts in blockchain and Web3 technologies. Their work focuses on creating solutions that enhance crypto adoption while ensuring regulatory compliance, particularly in Japan. The team is responsible for developing products like the Slash Card and Slash Payment, which highlight their technical expertise and ability to integrate cryptocurrency payments into everyday commerce.

The team incentivizes community engagement, which is evident in how they redistribute protocol fees back to token stakers, promoting participation and decentralization in the ecosystem. This is present as well in their work with global partners and continuous improvement of the platform, which demonstrates a commitment to expanding Slash Vision Labs’ offerings and adapting it to the crypto landscape.

Features of Slash Vision Labs

Web3 Payment

Slash Vision Labs’ Web3 Payment system is designed to provide a decentralized payment experience using smart contracts and decentralized exchanges (DEXs) to handle cryptocurrency transactions. The system supports payments in multiple cryptocurrencies, with more than 1,400 options, ensuring that users benefit from decentralized liquidity pools, which handle the conversion process automatically.

Some of the main characteristics of Slash Web3 Payment are:

Non-custodial Payment Gateway
Users maintain full control over their crypto assets during transactions, eliminating the need to deposit funds with a third party.

Cross-border Transactions
This enables efficient international payments without the need for intermediaries, providing a simplified process for both businesses and users.

No Sellers Fees
Merchants can accept crypto payments without transaction fees, and the system instantly settles funds in stablecoins, protecting against volatility. Integration is possible via QR codes or APIs for both online and in-store transactions.

Decentralized Liquidity

The system ensures optimal conversion rates and fast settlement for both users and merchants by sourcing liquidity from decentralized exchanges​.

Instant Settlement

Slash Vision Labs’ Instant Settlement feature allows businesses to receive payments in stablecoins immediately after a transaction is completed, without the delays typical of traditional payment systems.

When a customer makes a payment using cryptocurrency, Slash uses decentralized liquidity pools to find the best conversion rate for the selected token. Once the payment is processed, the funds are automatically settled in stablecoins and deposited directly into the business’ wallet. This process removes the need for payment processing fees or screening procedures, providing an easier experience for sellers.

The funds and transaction details are instantly reflected on the Slash dashboard, allowing users to track their sales in real-time.​

V-Preca Shop

The V-Preca Shop is a feature offered by Slash Vision Labs, specifically for users in Japan. It allows the purchase of V-Preca gift cards using a variety of cryptocurrencies, including stablecoins and native tokens from multiple blockchains.

This service is part of Slash’s effort to promote the use of cryptocurrencies in everyday purchases, contributing to the development of the Japanese cryptocurrency market. The shop supports payments with various cryptos, giving users more flexibility in their transactions.

Slash Card

The Slash Card is still in the development phase. Designed to provide a fully compliant crypto payment solution within Japan, this card addresses most of the regulatory hurdles that have previously prevented other crypto credit cards from operating in the country. When it launches, it should allow users to make everyday purchases using cryptocurrencies while adhering to Japan’s stringent payment regulations.

This card is expected to be the first legal crypto credit card in Japan.

SVL Alpha-Base

The SVL Alpha-Base is a platform launched by Slash Vision Labs to provide exclusive opportunities for SVL token stakers. By offering strong partnerships with some of the leading crypto projects online today, Alpha-Base offers SVL stakers early access to token launches and potential airdrops.

This platform allows SVL stakers to participate in exclusive alpha opportunities, giving them, in turn, a competitive edge in securing valuable tokens before they are publicly available.

The way this platform works ends up benefitting both SVL stakers, by providing these exclusive perks, and the partner projects featured, which turn out to gain exposure to an engaged and active community that is already on-boarded onto the SVL ecosystem.

The Slash Vision Labs Token (SVL)

The Slash Vision Labs Token (SVL) is the native utility token of the Slash Vision Labs ecosystem. It is based on the ERC-20 standard and deployed on the Mantle Network, and it is the innovative token driving the platform’s decentralized governance and community reward mechanisms. Holders are also able to stake their tokens to earn rewards.

Beyond staking and governance, SVL is integrated into Slash’s reward system, where users earn additional tokens through staking participation and activities within the SVL Alpha-Base, which provides exclusive access to token launches and airdrops from partner projects.

Tokenomics and Token Utility

Slash Vision Labs redistributes 100% of its protocol fees to SVL token stakers, creating a strong incentive for active participation within the ecosystem. This fee redistribution system ensures that users staking SVL tokens receive rewards generated from the platform’s payment products, including Slash Payment.

By staking SVL, participants earn continuous rewards, which are further enhanced by the SVL Alpha-Base program, where stakers gain access to exclusive opportunities such as early participation in token launches and airdrops from partner projects. This structure promotes long-term engagement and ensures that stakers are consistently incentivized to remain active within the ecosystem.

Governance

SVL token holders are integral to the platform’s governance model. Staking SVL tokens grants users veSVL tokens, which represent voting power in the platform’s governance system. Token holders use these governance tokens to influence important decisions regarding the development and direction of the platform. Through proposals and voting mechanisms, the community actively shapes the future of Slash Vision Labs, including the implementation of updates, platform improvements, and other significant changes.

Roadmap and Future Developments

Slash Vision Labs (SVL) has developed very fast since its inception in 2022, having achieved very significant milestones and laying out an ambitious roadmap for 2024 and beyond. They are focused on decentralizing payments, creating an ecosystem that uses blockchain technology to reduce entry barriers for users and businesses alike.

But understanding the history of the project is also important before discussing its future roadmap. In 2022, Slash Vision Labs launched its testnet in the month of June, followed by the mainnet in August. These early steps were very very significant because they allowed the project to build a solid foundation for its crypto payment solutions, using the scalability and security of the Mantle Network.

In the same year the project quickly moved forwards with product development and testing, which proved successful in gaining early feedback from the community and developers alike.

By 2023, the Slash Payment system saw more adoption from businesses and users to handle crypto-to-crypto swaps with minimal fees in Japan, where it functions. This feature attracted businesses, particularly overseas centralized exchanges (CEX), which benefited from lower payment processing costs and a non-custodial, decentralized approach. During this time, the platform processed over $200 million in crypto transactions, marking a very significant milestone in its growth trajectory.

As part of its 2024 roadmap, Slash Vision Labs launched the SVL Token in April. Distributed via ByBit Launchpad, the token acts as a utility token within the ecosystem, allowing users to stake their tokens to gain access to exclusive opportunities and features, such as early access to token sales and participation in Alpha-Base, the exclusive program for SVL token holders.

By partnering with other crypto projects, the Alpha-Base offers early access to token launches and potential airdrops. This program rewards active participants in the SVL ecosystem while giving partner projects exposure to an already engaged community.

The Slash Card, set for release in 2024, is designed to be the first fully compliant crypto credit card for the Japanese market. This card aims to bridge the gap between fiat and cryptocurrency by offering users an easy way to use their crypto for everyday purchases. Given Japan’s strict regulatory environment around crypto payments, the introduction of this card marks a significant achievement for the platform.

Another 2024 development is the Crypto-to-JPY off-ramp solution, which simplifies converting crypto to Japanese yen. This feature will likely attract more users in Japan, as it offers a direct path to liquidating crypto assets in the local currency.

Looking ahead, Slash Vision Labs has ambitious plans to continue expanding its platform. Strengthening partnerships with important players in the blockchain, Web 3 and payments industry seems to be a large priority, but the platform is also looking at more niche industries like GameFi, where crypto payments are expected to have an even more significant role.

Among the platform’s there is also to refine and expand the user experience of the platform. Slash Vision Labs is aiming to make crypto payments more accessible to mainstream users, helping drive wider adoption of its solutions and breaking complicated entry barriers. Expanding internationally, particularly in regions outside of Japan, is also in the cards. This includes enhancing cross-chain capabilities to better serve a global market​.

Conclusion

Slash Vision Labs offers an innovative, decentralized payment solution with a unique focus on enabling zero-fee cryptocurrency transactions for merchants. The platform’s products, such as Slash Payment and the upcoming Slash Card, are designed to make cryptocurrency transactions as simple as possible for both businesses and consumers, particularly in markets like Japan where there is a very strong attention to regulatory compliance.

The ecosystem is supported by the SVL token, which incentivizes community participation through staking rewards and decentralized governance. By redistributing 100% of its protocol fees back to the community, Slash Vision Labs fosters a user-driven approach to development and decision-making.