Seoul Labs Launches ‘SLUSH’ Launchpad for Expanding the SASEUL Blockchain Ecosystem

Seoul Labs has announced the official opening of its launchpad service, “SLUSH,” an Initial DEX Offering (IDO) platform aimed at expanding the SASEUL blockchain ecosystem. The launch is scheduled for the 16th of this month.

SASEUL is known as a third-generation blockchain that overcomes the trilemma of scalability, decentralization, and security inherent in traditional blockchains. At the core of the SASEUL blockchain, which maintains complete decentralization while enhancing transaction speed, are key technologies such as the HAP-2 (Hypothesis Authentication Process) consensus algorithm, resolution of storage space issues, and a dual-chain mechanism. Currently, it has grown into a global-scale public blockchain network with approximately 30,000 participating nodes.

SASEUL blockchain generated its Genesis block in May 2022, and through mining activities, approximately 1.7 billion SL coins have been issued. As SL transactions were previously limited to P2P (Peer-to-Peer), the absence of a credible trading market led to inadequate transaction reliability, contributing to various scams. The launch of the SLUSH IDO service platform is highly anticipated as it is expected to enhance market formation for SL by ensuring the stability and reliability of transactions through a launchpad service.

Developed by Seoul Labs, SLUSH evaluates the capabilities, technology, and business models of project teams that will be featured on the launchpad, selecting crypto projects with investment value. To create a secure and convenient investment environment, project information is transparently provided, and the entry barrier is minimized by allowing membership through email verification.

The first crypto project to be featured on SLUSH is the SASEUL blockchain mainnet. Subsequently, the next-generation DEFI launcher SLUSH project will issue the SLU token, and the ZIGAP wallet project, the first commercial wallet of the SASEUL blockchain, will issue the ZIG token.

A Seoul Labs representative stated, “Seoul Labs is preparing various services and solutions to connect the SASEUL blockchain with users, and SLUSH is just the beginning, the first step. The SLUSH project will evolve and develop into a platform that discovers innovative blockchain projects within the SASEUL ecosystem, not just a simple IDO platform.”

Contact Info:

Name: Kayla Chang

Company: Seoul Labs

Email: kayla@seoullabs.io

Website 1: https://seoullabs.io/

Website 2: https://slushx.com/

Address: 151, Bongeunsa-ro 3F, Gangnam-gu, Seoul, Republic of Korea, 06122