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Swipe SXP

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1. Summary

Fundamental Rank
98
Developer Rank
88
Social Rank
99
Coinrank
96
Price
$1.84 -5.0%
Market Cap
$159.43M (#138)
Supply
86.41M / 285.37M
Description

Swipe can be defined as both software as well as a digital wallet ecosystem. This fusion is intended to allow users to buy as well as spend FIAT money alongside cryptocurrencies at both physical locations as well as digital locations. The unique aspect of it is the fact that it can be connected with Visa debit cards as...

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Swipe can be defined as both software as well as a digital wallet ecosystem. This fusion is intended to allow users to buy as well as spend FIAT money alongside cryptocurrencies at both physical locations as well as digital locations. The unique aspect of it is the fact that it can be connected with Visa debit cards as well as a smartphone application which actually enables an experience as you would have from traditional mobile wallets. This means you, as a user, can get access to custom perks such as the ability to receive up to 8% cashback in Bitcoin to name an example.

It is important to note that in July of 2020, Swipe was actually acquired by a cryptocurrency exchange known as Binance and its platform is used to support the Binance Card, which is a debit card that lets users spend crypto at physical locations.

The SXP Token Explained

Swipe does not charge fees for its debit cards. Users that stake SXP tokens gain additional perks. The more SXP tokens a user has locked in a special contract within the Swipe network, the more perks they’ll end up getting as a result. If a user ends up staking 30,000 SXP, to begin with, they can be upgraded to a special debit card that can receive the aforementioned cashback. It has other goodies, such as Spotify and Netflix subscriptions at no additional fees, and is constantly implementing new services to this system.

The SXP cryptocurrency plays an integral part when it comes to maintaining as well as operating the Swipe network and can be used to pay for various services within the ecosystem. You can use SXP to pay transaction fees on the network. The supply of SXP tokens is limited and there will never be above 300 million tokens.

The protocol itself issues 2 million or more SXP tokens on a monthly basis and some of these tokens are distributed as staking rewards to the users that end up helping with the network’s operation. The rest of the supply goes to the Swipe company.

Users have the ability to stake SXP to access different features within its ecosystem. SXP users can vote on network rules for example and participate in its governance program with a minimum deposit of 1,000 SXP.

Features of Swipe

The Swipe network takes advantage of the Ethereum blockchain in order to hold crypto deposits and grant benefits to the users.

You have the Swipe Wallet, which is a digital wallet application that will allow you to deposit FIAT currencies and purchase a lot of cryptocurrencies that are on offer by Swipe. The wallet can also be used to custody crypto assets and convert one cryptocurrency to another.

Founders of Swipe (SXP)

Discussing the founders of Swipe, it was created by an early Bitcoin investor known as Joselito Lizarondo who currently serves the role as the CEO of the platform.

However, alongside him, we also have the former senior creator at Vibial Group, known as John Kenneth who fills the role of COO of the project, as well as Anecita Sotomil who is a former tax and legal officer at PricewaterhouseCoopers and fills the role of the CLO. You also have the CTO known as Henry Niduaza who has more than thirty years of experience.

2. Price

$SXP / USD

2.1. Market Performance

How does Swipe's (SXP) performance compare to assets of a similar market capitalization?

30 Day Return

8%

SXP

-6%

Similar Market Cap

60 Day Return

-41%

SXP

-45%

Similar Market Cap

1 Year Return

283%

SXP

184%

Similar Market Cap

3. Developer Activity

We're monitoring 21 Github repos for the Swipe project.

Commits vs. The Market

  • Past 4 weeks: 92 commits vs. an average of 58
  • Past 12 weeks: 1,223 commits vs. an average of 244
  • Past year: 3,549 commits vs. an average of 1,512

Top Repos by Code Commits

Past week 0
Past 12 weeks 0
Past year 671
Past week 0
Past 12 weeks 0
Past year 120
Past week 0
Past 12 weeks 0
Past year 75
Past week 13
Past 12 weeks 17
Past year 71
Past week 0
Past 12 weeks 0
Past year 71
Past week 0
Past 12 weeks 0
Past year 56
4. Social Activity
Reddit Subscribers (Unknown subreddit) 0
Active Reddit Users 0
Telegram Users 41,122
Twitter followers 248,262
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