Slash deposit function is now available to all Bybit users globally

February 20, 2024 12:40 AM AEDT | By Invezz

Slash deposit function is now available to all Bybit users globally — Image source: Invezz

Slash Deposit Now Available to All Bybit Users

Slash Fintech released the Slash Deposit feature in September last year. The feature was initially available to a small group of users in Japan. The goal behind the feature is to support token deposits through multiple blockchains.

The blockchains supported under this offering include Arbitrum One, BNB Chain, Ethereum, Mantle Network, Optimism, and Polygon. These blockchains also support the Slash Payments feature.

Slash Deposit has processed more than $13 million worth of deposits since its launch. The feature has since garnered momentum, leading to a global expansion through a deal with Bybit. Bybit users can now manage their crypto holdings on Bybit with more convenience and flexibility.

The Slash Deposit feature can work with both seasoned and new cryptocurrency traders. With this feature, users will have a secure and efficient way of managing their deposits.

The Slash payments feature is becoming increasingly popular with merchants. They can get set up with the feature within a short time and start accepting cryptocurrency payments at zero costs to the merchant.

Slash Launches Genesis NFT Campaign

Slash Fintech is marking the global expansion of the Slash Deposit feature with the Genesis NFT campaign. The campaign seeks to appreciate the support of the community and it will run from February 19, 2024, to April 26, 2024.

This campaign targets users depositing $100 or more to the Bybit platform through Slash Deposit. These users will have a chance to mint a limited edition of the Slash x Bybit Genesis NFT on the Mantle Network.

The Genesis NFTs will play a crucial role in an upcoming token launch by the company. The NFTs will also be used to demonstrate community participation and support.

The wallet addresses that are eligible for this campaign will have a chance to mint one NFT. A user will then make a $100 deposit using Slash Deposit within three business days to claim the free NFT.

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