What is Swipe (SXP)? Complete set of SXP Tokens

The article about Swipe and the SXP token will give you all the details including:

• What is Swipe? What are the highlights and development roadmap of the project?
• Tokenomics information of SXP token such as key metrics, allocation, use case.
• Where to store and trade SXP?

From that information, you will be able to realize the potential of the project and then decide whether to invest in SXP tokens or not. Let’s find out together!

What is Swipe?

Swipe is a cryptocurrency trading portal built on the Ethereum blockchain, allowing cryptocurrency to be used as a fiat currency in everyday life.

Swipe provides users with a Swipe Wallet to store, deposit and withdraw cryptocurrency. In other words, Swipe is a cryptocurrency wallet that allows storing tokens/coins similar to Techtipsnreview Wallet. In addition, they also expand other products and services such as cards,…

However, during my research on this project, I found that Swipe is not only a coin storage wallet, but it also builds a separate ecosystem around. Components in Swipe Network include:

• Swipe Protocol Components: Swipe Wallet, Swipe Card and Swipe Smart-Contracts.
• Swipe Network – Mainnet v1.
• Swipe Network – DAO & Staking v2.

In the framework of this article, I will mention more about its token. Other components, you can actively learn more deeply.

Features of Swipe

Swipe was born with the mission of making crypto finance mainstream, by connecting existing payment networks with cryptocurrencies. Swipe allows users to deposit cryptocurrency into their Swipe Wallet. The user can then convert that crypto to Fiat via the Swipe Visa debit card to pay in life.

Here are some highlights of the project:

• Quick conversion: Converting crypto to fiat in seconds.
• Ability of extension: The Swipe Visa card works anywhere that allows Visa payments.
• Security: All user assets are covered by custody insurance. Swipe has been certified to the Payment Card Industry Data Security Standard Level 1 (PCS/DSS).
• User-friendly: Cardholders do not need to manually convert crypto to Fiat as Swipe Network already supports all conversions.
• Reducing inflation: When users use Swipe Network and use SXP tokens, 80% of transaction fees and withdrawal fees will be burned directly by Smart Contract.

SXP . Token Details

What is SXP token?

SXP is the official token of the Swipe payment system. SXP token is built on Ethereum blockchain according to the ERC-20 standard.

SXP token was issued through Private Sale and Public Sale on August 1st, 2019.

SXP rate today

Currently, you can see the price of DENT on Techtipsnreview Markets right at: https://markets.Techtipsnreview.com/currencies/swipe

Techtipsnreview Markets is a page that helps you to update real-time prices as well as view detailed information about Token Metric of a certain project. In more detail, you can visit the homepage and community page of the projects or filter the coins/tokens by Marketcap, Transaction volume,…

Key Metrics SXP

• Blockchain: Ethereum & Binance Smart Chain.
• Decimal: 18.
• Token Standard: ERC20 & BEP20
• Contract:
  • ERC-20: 0x8ce9137d39326ad0cd6491fb5cc0cba0e089b6a9
  • BEP-20: 0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A
• Token type: Utility Token.
• Consensus: Proof of Stake.
• Total Supply: 300,000,000 SXP.
• Circulating Supply: 66,012,799 SXP.

SXP Token Allocation

With a total initial supply of 300 million tokens, SXP is distributed by the development team into 5 parts with the following ratio:

• 120 million tokens are used as reserves.
• 60 million tokens are held by Founder.
• 60 million tokens are held by Team.
• 4.044 million tokens used for Public Sale.
• 1,956 million tokens used for Private Sale.

SXP Token Sale

Swipe organizes the sale of SXP tokens through Public Sale and Private Sale. Here are the details of the sale rounds:

SXP Token Release Schedule

SXP will be fully unlocked in 2027. Below are details on when and how many SXP tokens will be unlocked.

SXP Token Use Case

In the project’s ecosystem, SXP is used to:

• Staking Reward: Swipe plans to use the mechanism Proof of Stake, where validators (validators) are required to contribute a certain amount of SXP to participate in staking. In return, validators will receive rewards for their contributions on the network.
• Discount: User will stake SXP token and receive discount fee.
• Fees: SXP tokens are used to pay transaction fees and withdrawal fees on the network.
• Rebates: Users are required to stake SXP tokens to gain access to more premium debit cards and higher cashback rates.
• Medium of exchange: User can store SXP tokens in wallet and use them to pay Fiat.

How to earn and own SXP tokens

To own SXP Token, you can participate in staking SXP on the network to receive rewards from the project.

Or you can buy SXP tokens on exchanges that have listed it.

SXP Token Exchange & Wallet

SXP Storage Wallet – Techtipsnreview Wallet

Swipe has launched Wallet so you can store SXP on Swipe Wallet. The wallet is supported on PC and Mobile, you can download it to your device at: swipe.io

In addition, you can choose Techtipsnreview Wallet to store SXP with the following operations:

Step 1: At the main interface, select Receive.

Step 2: Enter SXP in the search box.

Step 3: Copy the wallet address and send the SXP token to this address.

Exchange SXP

Currently, SXP coin is being traded on many different exchanges such as: Techtipsnreview Exchange, Binance, KuCoin,…

You can buy and sell SXP on Techtipsnreview Exchange Follow the steps below at: https://exchange.Techtipsnreview.com/

Step 1: Connect the wallet via Techtipsnreview Extension.

Step 2: At the main screen of Techtipsnreview Exchange, select Uniswap or Pancakes.

Step 3: Select Token to trade:

• Search for SXP.
• If the search does not come up, you can paste the contract of SXP in the search box:
  • ERC20: 0x8CE9137d39326AD0cD6491fb5CC0CbA0e089b6A9
  • BEP20: 0x47BEAd2563dCBf3bF2c9407fEa4dC236fAbA485A

Step 4: Enter the number of tokens you want to swap.

Step 5: Adjusted gas Gwei and slippage (slippage) according to demand.

The future of the Swipe (SXP) token

According to the project’s business model, the demand to buy SXP tokens will depend on the number of users using Swipe Visa for payments globally.

The launch of Swipe Visa allowing payment of services with cryptocurrency will attract a large number of users who are traders and holders. They can both trade crypto and use it to pay for services with Visa. They are required to buy SXP tokens to pay transaction fees as well as withdrawal fees.

Plus 80% of transaction and withdrawal fees will be burned, which will reduce the supply contributing to the high value of SXP.

In Q4 of this year, Swipe will expand the service to many new markets such as: North America, Africa, Latin America. This will help more people know about the Swipe service and have the opportunity to attract more users.

Should I invest SXP Token?

I believe that you have also grasped the basic and necessary information about the SXP token after reading this paragraph. I will note some key ideas for you to easily make an investment decision.

Roadmap

Here is the roadmap of the project in the near future:

Q3/2020

• August 10 launched SwipeFi Whitepaper.
• August 22 launched Staking.
• Launch of Wallet Finance.
• Launching Testnet.

Q4/2020

• Extend service coverage to North America.

Q1/2021

• Add support for more payment channels to expand service coverage in Latin America and Africa.

Partner

Since launching the crypto community until now, Swipe has had many well-known major partnerships such as:

• Coinbase Custody: Swipe and Coinbase Custody form a strategic relationship to provide a custody solution for Swipe customers.
• BitGo: Multi-signature and custodian wallet platform. BitGo provides multi-signature service support for Swipe, while Swipe provides custody service for BigGo.
• CertiK: Auditing firm specializing in blockchain technology. Swipe and CertiK work together to launch different components of the Swipe network and audit Smart Contracts prior to Mainnet deployment.
• Chainlink: This partnership gives Swipe access to Chainlink’s decentralized data source.

Product

Currently Swipe has 2 official products for users:

Swipe Wallet: Supports storing, depositing and withdrawing fiat currencies, stablecoins and other cryptocurrencies.

Swipe Wallet also provides live market data for supported cryptocurrencies. Also allows users to buy and sell crypto with fiat, stablecoins or other crypto assets are supported. Users can also purchase supported crypto using a linked bank account and credit or debit card.

Swipe Visa debit card

Swipe Visa provides users with 2 options: Swipe Saffron and Swipe Slate.

• The Saffron Swipe card requires no stakes and gets 1% cashback in BTC.
• The Swipe Slate card requires a certain amount of SXP to be staked but up to 4% cashback in BTC.

Users can use Swipe Visa to pay anywhere that allows Visa payments. At the end of this Q3, Swipe will launch Wallet Finance with many new features for users.

Tokenomics

SXP is a Utility token used for the following purposes: Staking, Reward, Fee, Burn, Discount, Rebates.

summary

Hopefully my last article has helped you have a better overview of the Swipe project as well as the SXP token.

What do you think the future and potential of Swipe will be? Don’t hesitate to leave your comments below & join the group Techtipsnreview Insights Chat to exchange and discuss with admins and many other brothers!