SXP Coin, Live Price Chart in INR, Historical Data

Swipe

Name

Swipe

Summary

Swipe is a crypto-to-fiat gateway that allows cryptocurrencies to be spent in real-time as fiat currency.
-It was founded by Joselito Lizarondo
-It is built on the ethereum platform.

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Rating

Symbol

SXP

Overview

The Swipe ecosystem supports decentralized finance with a diverse set of goods and protocols. Swipe's main products are a multi-currency crypto wallet app and a crypto-to-fiat financed Visa debit card. The Swipe Visa Card is a prepaid card that can be used to store both money and cryptocurrency. Furthermore, the card's functionality is not limited to transactions; it also allows users to take advantage of a variety of other Swipe ecosystem features. SXP, the token that powers the entire ecosystem, is the driving force behind it. SXP is a utility token in which token holders are rewarded for keeping and using the token.
Swipe was bought by Binance in a private transaction in 2020 for an unknown sum. Swipe has been a DeFi ecosystem fueled by its utility token SXP since its acquisition from Binance. Swap, Swipe's first DeFi utility, was released in 2020. Swipe Swap is a cross-chain automated market maker (AMM) that uses SXP tokens to function on Binance Smart Chain and Ethereum.

Historical Price Movement (in INR)

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Technology

The Swipe Network works both off-chain (using the Swipe API) and on-chain (using the Ethereum blockchain).
Since it is based on ethereum, it supports solidity as its programming language and employs Proof of work as its consensus Mechanism.
Use of Native tokens in the ecosystem: Swipe also has a utility token called SXP that may be used to pay transaction fees, as a means of exchange, and to get fee savings. SXP token transaction and withdrawal fees are automatically burned on-chain to the tune of 80%.