Currently available in the United States; coming soon in 31 countries in Europe.
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Launched in 2018 by Joselito Lizarondo, Swipe offers decentralized financial applications on a blockchain based DeFi network platform. Acquired by Binance in 2020, Swipe offers several DeFi apps to trade, sell, and buy products and services using cryptocurrency.
Swipe aims to build an all-in-one financial ecosystem where users can handle any cryptocurrency market needs without leaving the platform. Insured by Binance, Coinbase, and BitGo, Swipe has issued a debit card that can be used anywhere Visa is accepted. The Swipe token, SXP, enables the Swipe ecosystem and governs the decentralized protocols.
Swipe (SXP) To USD | SXP Conversion Calculator
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What is Swipe (SXP)?
The Swipe cryptocurrency has a unique supply model. With a 300 million total supply and a current circulation of 73 million, the SXP token follows a deflationary model where the total supply will be decreased over time as the network grows. Based on Ethereum and Binance protocols, the SXP tokens will be destroyed and burned on-chain as protocol usage grows until the total supply decreases to 100 million. By decreasing the supply, SXP will increase in value over time as more users adopt the Swipe DeFi ecosystem.
Swipe (SXP) Market Price Ticker Chart
About Swipe (SXP)
The SXP distribution schedule also offers rewards opportunities. Every month, 1.2 million SXP become available for ecosystem rewards, like staking. An additional 600 thousand SXP tokens are available for operations that run Swipe. Of these available tokens, only ten percent are open to public sale. Swipe launches permissionless applications with no admin keys, giving SXP users full control of the platform without a central authority. In addition, Swipe allows the community to govern the protocol and all smart contract dynamic parameters.
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