SLUSH Launchpad Opening Imminent, First IDO Set to Commence

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Slush Press Release

SLUSH Launchpad’s highly anticipated launch is just around the corner as the third-generation blockchain, SASEUL, prepares its first Initial DEX Offering (IDO). The IDO is scheduled to commence on January 16, 2024, at 9 p.m. (UTC), featuring the blockchain’s native coin, SL.

SASEUL stands out by effectively addressing the trilemma of blockchain technology and overcoming inherent limitations in scalability, decentralization, and security prevalent in most blockchains.

What distinguishes SASEUL from other mainnets is the incorporation of core technologies within the chain. SASEUL employs the Hypothesis Authentication Process (HAP-2) consensus algorithm, resolves storage space issues, and implements a dual-chain mechanism.

With a grand vision of becoming the “Universal Computer,” SASEUL has evolved into a globally scaled blockchain network, boasting the participation of approximately 30,000 nodes.

SL, the native coin of SASEUL, is poised to conduct the IDO on the SLUSH Launchpad platform, developed by the blockchain fintech startup Seoul Labs. Previously limited to peer-to-peer (P2P) transactions, the excitement surrounding SL’s inaugural IDO is exceptionally high, fueled by the market’s demand for improvements.

Seoul Labs is dedicated to promoting economic fairness and expanding opportunities for Web3 and blockchain participation globally. The fintech startup collaborated with SASEUL to “break down industry boundaries and lead the market.”

A representative from Seoul Labs expressed, “The SLUSH launchpad platform will not only host the SL IDO but also organize various events. Moreover, a multitude of crypto projects served by the SASEUL blockchain will continuously debut on SLUSH.”

The representative further stated that Seoul Labs envisions the entry of various decentralized applications (DApps) into the market, with the SASEUL mainnet serving as the core solution.


SASEUL, developed as a solution to the inefficiencies and environmental concerns associated with Bitcoin and Ethereum mining in 2017, overcomes the blockchain trilemma of scalability, decentralization, and security. By combining Proof of Work (PoW) and a unique Hypothesis Acceptance Protocol (HAP-2) consensus algorithm, SASEUL achieves 800-1000 transactions per second (TPS) and 2-6 seconds finality while maintaining perfect decentralization.

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