Web3 infrastructure builder, SeoulLabs has announced that the first presale round of the governance token SLU for its launchpad project SLUSH has sold out.
SeoulLabs planned to conduct the first round of the SLU token presale on its self-developed launchpad, Slush, from the 13th to the 17th. However, due to the hot market response, the million tokens allocated for this round were sold out in just two days.
The SLU token is designed as a core part of the SLUSH ecosystem, giving users a role in governance and allowing them to experience various benefits within the service. The value of the token is closely linked to transaction activities and revenues within SLUSH, holding the potential for value appreciation.
This presale provided participants in the ecosystem and the SLUSH community with an opportunity to acquire SLU tokens. This is part of SeoulLabs’ strategy to build a strong and participatory community for the Slush project. A significant portion of the business profits from Slush will be allocated to the purchase and repurchase of SLU tokens, focusing on enhancing the value and stability of the governance token ‘SLU’.
A representative from SeoulLabs stated, “The successful sell-out of the SLU token on the launchpad proves the project’s influence and signifies our contribution to identifying high-potential projects in the Web3 industry. The funds raised will play a crucial role in advancing the development of the SLUSH ecosystem, including new feature expansions and providing opportunities for collaboration with other projects.”
Meanwhile, the second presale round of SLU tokens is scheduled to start on the 19th at 12:00 UTC on the official website (https://slushx.com/). More information can be found on the official SLUSH community.
About SLUSH
SLUSH is a launchpad platform that facilitates the launch and market entry of various early Web3 projects. Slush aims to discover innovative Web3 projects, providing safe and transparent investment opportunities. It thoroughly evaluates the technology, capabilities, business potential, and team of projects to be onboarded, ensuring a safe investment environment and promoting the growth and success of projects.
About Seoul Labs
SEOUL LABS is a promising blockchain startup founded to help companies who want to jump into the rapidly evolving blockchain market. Participating in the blockchain market called Web3 is a challenge not only for individuals or companies with outstanding ideas, but also for medium sized and large companies that have already secured a stable position in the existing market. SEOUL LABS is ready to help bold innovators who want to challenge the Web3 market and successfully settle into the marketplace.
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