SXP

What is SHP?

Solar Coin, or SXP, is a utility token native to SXP network. The latter is a community-driven ecosystem based on blockchain technologies. This accelerates the mass adoption of cryptocurrency allowing users to trade cryptocurrency with decree.

The SXP token is based on the ERC-20 token standard.

Mainly it serves medium of exchange within the solar ecosystem. The SXP token is also used for pay for gas for all transactions.

SXP owners receive unique benefits such as commission reductions of up to 75%, as well as exclusive enhanced rewards. Additionally, only SXP holders can purchase Swipe Slate Metal Debit Card.

Moreover, 80% of transaction fees are automatically burned smart contracts.

Eat total stock 300,000,000 SXP tokens. 60,000,000 of these tokens have already been distributed. The remaining 240,000,000 will be distributed as follows:

• 60,000,000 SXP – Ecosystem reserves;
• 60,000,000 SXP – Founders and consultants;
• 120,000,000 SXP – Team.

You can take a closer look at SXP price history and current SXP price in the chart above.

What are the main features of SXP?

The SXP cryptocurrency project was deployed on the Ethereum network. It works using a combination Delegated Proof of Stake (DPoS) And Byzantine fault tolerance consensus mechanisms. This ensures complete decentralization and efficiency.

Most importantly, decentralization means that user information is entirely in the hands of the users themselves. This information is controlled using smart contract technology.

Initially the project was launched under the name Swipe. It was renamed when Binance acquired a controlling stake in the project.

Swipe provides most of its services through Swipe your wallet. The latter is a digital wallet that allows users to exchange their cryptocurrency for fiat currency and make payments in cryptocurrency. It also provides the latest information and insights related to the world of cryptocurrencies and crypto markets such as live charts, daily volume and circulating supply. Additionally, Swipe Wallet supports cryptocurrency-based gift cards. SXP tokens are required to use Swipe Wallet.

The second feature of the project is Swipe your card – a cryptocurrency debit card connected to the user’s Swipe Wallet. It makes it easier Paywave NFC and EMV chip-based payments. There are two types of Swipe Card:

• Spend saffron – standard debit card with 1% cashback;
• Run your finger across the metal – Premium metal debit card with up to 4% cashback, zero international fees, access to concierge services and many more features.

The SXP crypto project has one mission – to provide access to cryptocurrencies to millions of people around the world.

Since its creation, the project has established partnerships with large companies. In mid-2018, he partnered with blockchain company Origin Protocol and digital marketing company Perfomars.

In addition, Swipe became a partner with Visa, which allowed the project to issue exclusive Visa Crypto Debit Cards.

Before making any purchasing decision, be sure to do your research. You can start by taking a deeper look at SXP’s price history in the chart above.

Who developed SXP?

The SXP cryptocurrency project was founded Clifford Lim, Iyan Waer and Kuai Chong Sean in 2018. Based in Singapore and Indonesia.

Clifford Lim is currently the CEO of Swipe. In addition to Swipe, he is the co-founder of SwipeRich. Before co-founding the project, he worked for large companies including IBM and Lenovo.

Iyan Ware will take on the role of chief operating officer, while Kuai Chong Sean will serve as chief security officer.

The project did not conduct crowdfunding events., like ICO. However, SXP was sold through distribution eventduring which about $100,000 was distributed among users.