Solar (SXP)
Swipe (SXP) is a cryptocurrency that plays a vital role in the Swipe Wallet ecosystem. It is designed to facilitate a range of functions and utilities within the Swipe Wallet application. The Swipe Wallet allows users to buy, sell, and manage cryptocurrencies and fiat currencies seamlessly within a single platform.
The Swipe Wallet ecosystem
The Swipe Wallet is an integral component of the Swipe ecosystem. It enables users to perform various activities such as purchasing and selling cryptocurrencies, making fiat transactions, and accessing additional services like purchasing gift cards. The Wallet application is a user-friendly tool that provides instant exchanges between supported assets, offering a convenient solution for managing digital currency.
| Ticker | SXP |
| Category | Finance / Banking |
| Website | https://solar.org |
| @SolarNetwork | |
| Telegram | Solar |
| Contract Addresses | |
|---|---|
| ethereum | 0x8c...a9 Copied! |
| binance-smart-chain | 0x47...5aCopied! |
| harmony-shard-0 | 0x77...3cCopied! |
The role of SXP in the ecosystem
SXP tokens are essential for performing functions within the Swipe Wallet. To activate and utilize the on-chain capabilities of the Wallet, users need to make a 1 SXP deposit. These tokens are also utilized to access tiered benefits based on the amount of SXP held within the Wallet Contract. This structure incentivizes users to maintain a balance of SXP, offering them various advantages and enhanced functionalities.
The underlying technology
The Swipe protocol is constructed on the Ethereum blockchain, leveraging its robust infrastructure to ensure secure and efficient transactions. The Wallet's functions are governed by an audited Smart Wallet-Contract, which is designed to execute tasks reliably and transparently. The protocol incorporates a unique fee distribution mechanism, where 80% of network and transaction fees are burned, and the remaining 20% are retained by the company, contributing to the ecosystem's sustainability.
Benefits and features of Swipe Wallet
Swipe Wallet offers multiple benefits and features to its users, including:
- Cryptocurrency to fiat transactions: Users can seamlessly convert their cryptocurrencies to fiat currencies directly within the Wallet.
- Gift card purchases: The platform supports purchasing gift cards, offering additional utility for digital assets.
- Instant asset exchanges: Users can exchange supported cryptocurrencies instantly, enhancing the flexibility of their digital asset management.