$ 0.472 USD
$ 0.472 USD
$ 151.809 million USD
$ 151.809m USD
$ 5.685 million USD
$ 5.685m USD
$ 107.777 million USD
$ 107.777m USD
633.618 million SXP
Issue Time
2019-08-27
Platform pertained to
--
Current coin price
$0.472USD
Market Cap
$151.809mUSD
Volume of Transaction
24h
$5.685mUSD
Circulating supply
633.618mSXP
Volume of Transaction
7d
$107.777mUSD
Change
24h
-0.22%
Number of Markets
216
More
Warehouse
None
Github's IP Address
[Copy]
Codebase Size
0
Last Updated Time
2020-05-06 03:26:16
Language Involved
--
Agreement
--
Current Rate0
0.00USD
3H
+5.59%
1D
-0.22%
1W
+11.32%
1M
+20.1%
1Y
-84.12%
All
-71.49%
Aspect | Information |
---|---|
Short Name | SXP |
Full Name | Swipe |
Founded Year | 2018 |
Main Founders | Jose Lito Lendra |
Support Exchanges | Binance, FTX, Upbit, Atomars, Bitget, and others |
Storage Wallet | MetaMask, Trust Wallet, MyEtherWallet |
Swipe (SXP) was founded in 2018 by Jose Lito Lendra. It is a type of cryptocurrency that operates within the blockchain platform. The token is supported by several exchanges, including Binance, FTX, Upbit, Atomars, Bitget, and others. For storage, SXP token can be stored on multiple wallets, such as MetaMask, Trust Wallet, and MyEtherWallet. SXP operates within a utility-based ecosystem and is utilized for transaction fees under the Swipe network.
Pros | Cons |
---|---|
Utility-based ecosystem | Market volatility |
Supported by multiple exchanges | Dependent on the success of Swipe network |
Can be stored on several wallets | Regulatory issues may arise |
Used for transaction fees under Swipe network | Not widely accepted |
Over the coming decades, SXP's price is expected to experience fluctuations. By 2030, the trading range is projected to be between $0.005710 and $3.72. In 2040, our forecast suggests SXP could reach a peak price of $2.48,with a potential minimum around $0.001264.Looking ahead to 2050, technical analysis indicates that SXP's price could range from $0.1938 to $3.85,with an estimated average trading price of about $2.71.
Swipe (SXP) introduces an innovation in the way transaction fees are managed in its native platform, the Swipe Network. Unlike many other cryptocurrencies that often have a fixed network fee or transaction fee, SXP is utilized to cover these costs. This usage creates an inherent value to the token and distinguishes its role in the ecosystem from many other cryptocurrencies where tokens often only represent a store of value or an investment instrument.
Furthermore, SXP operates within a utility-based ecosystem, which means that it carries a specific usefulness within its network. The utility-based nature of the token provides it with an intrinsic value that is driven by the demand within the Swipe network, a characteristic not always present in other cryptocurrencies.
Swipe (SXP) operates on the Ethereum blockchain and functions within the Swipe network, a decentralized finance (DeFi) platform that aims to connect cryptocurrency with fiat currency directly.
SXP uses a Proof-of-Stake (PoS) consensus mechanism, which means that the owners of the token themselves validate transactions in the network based on the number of tokens they hold and are willing to “stake” as collateral.
The key working principle of SXP hinges on its utility within the Swipe network. The token is utilized to pay for transaction fees on the network, with the transaction costs being directly proportionate to the amount being transacted. This gives SXP a practicable use within the Swipe ecosystem, supporting its inherent value.
1. Binance: Supports SXP/BTC, SXP/USDT, SXP/BNB, SXP/BUSD pairs.
2. FTX: Supports SXP/USD, SXP/BTC pairs.
3. Upbit: Supports SXP/KRW, SXP/BTC pairs.
4. Bithumb: Supports SXP/KRW pair.
5. Huobi: Supports SXP/USDT, SXP/BTC, SXP/ETH pairs.
Storing Swipe (SXP) involves making use of digital wallets that support ERC-20 tokens, as SXP operates on the Ethereum blockchain. There are various types of wallets you could use, which offer different security levels, convenience and features. Here are some commonly used wallets for storing SXP:
Hardware Wallets: These are considered very secure as they store your cryptographic keys offline in hardware devices, making them immune to hacking attacks. Examples include Ledger and Trezor. These wallets are often used to store large amounts of assets due to their strong security features.
Mobile Wallets: These are applications installed on your mobile device. They provide convenience and easy access to your tokens. An instance is Trust Wallet, which is compatible with SXP. Another popular mobile wallet is the Swipe Wallet, specially designed for SXP.
Swipe (SXP) is suitable for different types of participants in the cryptocurrency market for various reasons:
1. Long-Term Investors: Individuals who believe in the long-term potential of the Swipe network and its utility-based ecosystem may consider investing in SXP.
2. Active Traders: SXP is listed on several major cryptocurrency exchanges, providing sufficient liquidity for active trading.
3. DeFi Participants: Since SXP operates within the realm of decentralized finance (DeFi), those interested in the sector might want to include SXP in their portfolio because of its specific use within the Swipe platform.
4. Tech Enthusiasts: Individuals with an interest in blockchain technology and a desire to support innovative projects might consider purchasing SXP.
3 ratings