Slavicoin Publicizes Lock Of 140 Million USD In SLV Tokens For 7 Years

MONTE CARLO, Monaco, Sept. 27, 2021 (GLOBE NEWSWIRE) — The Slavicoin decentralized undertaking has introduced that it will likely be locking 700 million of the native Slavi tokens of the undertaking for a interval of seven years. The announcement made by Slavi Kutchoukov, CEO and Founding father of Slavicoin, relating to the lock of its native SLV tokens pertains to the location of 700 million SLV native tokens in a closed sensible contract. The quantity corresponds to 70% of the overall issuance of SLV tokens, which can stay locked for 7 years. Now, the value of Slavi token is 0.2$ and every consumer should purchase this token immediately at

Slavicoin Announces Lock of 140 Million USD in SLV Tokens for 7 Years 1

The undertaking has additionally said that it will likely be unlocking the tokens in parts, with releases of fifty million tokens each half a yr. The Slavi protocol can be planning to launch a particular staking marketing campaign for customers with a number of benefits over different related choices in the marketplace. The staking program will foresee a mechanism at which each time a consumer receives a reward, the identical variety of tokens shall be burned from the locked 700 million SLV, thus leading to a deflationary mannequin. The marketing campaign shall be up and operating till all 700 million SLV are burned. Such an strategy entails quite a few advantages for the neighborhood of the Slavi undertaking.

Among the many important value-adding benefits is the lower within the whole provide of SLV tokens in circulation, which shall be rising the worth of remaining provide. The event crew believes that sooner or later, such a mechanism can play a job in figuring out the value of the Slavi token as a well-thought-out technique to encourage customers to stake their property.

The is a multi-chain cryptocurrency platform that grants customers entry to all the advantages of blockchain applied sciences with a minimal variety of iterations. The decentralized protocol features a full set of merchandise, comparable to a pockets, an alternate, and a cross-chain bridge, and lots of others, with all the features being targeted on working with numerous chains so {that a} common DeFi house is fashioned. Greater than twenty blockchains are supported by Slavi Dapp, together with Ethereum, Binance Sensible Chain, Avalanche, Solana, Mina, Polygon, Polkadot, NEAR, Tron and so on.

The Slavi platform consists of a complete ecosystem inside a unified software that enables customers to commerce, improve earnings, entry one of the best funding alternatives, guide luxurious utilizing SLV tokens, and rather more. The Slavi platform has lately concluded a number of profitable funding rounds, which have given the undertaking adequate funding to develop and deploy the applying for subsequent advertising and marketing and scaling.

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Firm Identify: Slavicoin

Contact Particular person: Slavi Kutchoukov



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Slavicoin Announces Lock of 140 Million USD in SLV Tokens for 7 Years 2

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