
Cryptocurrencies-services are one of the trends of development of the modern blockchain field. Unlike the first in the world asset of this type, Bitcoin, new tokens are striving to be something universal and multifaceted. And one of such cryptocurrencies is the subject of our today’s article. We will tell you what Swipe token is, which features it has and if there is mining and prospects from investments.
Swipe Token (the stock ticker is SXP) is a cryptocurrency, which is one of the key constituents of the platform with the same name. It includes:
Most often, Swipe Token (SXP) is used to earn from official staking available in the wallet-app. But the function of reducing fees in the system using this token is also as popular. From time to time, other experimental and temporary opportunities are launched there.
According to the information of a well-known statistics portal called Coinmarketcap, monitoring of the Swipe (SXP) rate started on August 27, 2019. From that moment on, the token has overcome these stages:
At the time of publication of this article, the SXP cryptocurrency is now lower than its maximum price tag: the asset follows the whole market, developing not economic indicators but its technological capabilities.
You cannot do classical mining of SXP. Mining based on the Proof-of-Work algorithm is impossible. Nevertheless, Proof-of-Stake may be used instead of it.
Every holder of the Swipe token has a chance to connect his wallet to the mainnet via smart contract Swipe Staking by using an interface of the decentralized app.
The main requirement is the presence of at least 1000 SXP to participate in staking.
The staking cancellation is available at any moment. But the system warns that you will be out not instantly but within three days.
The staking logic looks this way:
Today, there are three available methods to buy/sell/store Swipe (SXP):
If we take into account hot wallets exclusively, then the projects allowing us to be engaged in staking and not only trading and storing will be in priority. That is why it is worth paying attention to LocalTrade and Binance with their active communities of users and exclusively positive reputation.
Cold wallets provide the most secure storage of Swipe within the devices similar to flash drives, which do not require the Internet to store the tokens. These days, the market leaders and those in demand among SXP investors are series from:
The app of the Swipe project is available for any type of device running iOS and Android. You can easily download the client with the same name from official stores Google Play and App Store.
What you need for the full use is to simply:
Within the app, you can find several sections that divide the functions of the project:
Swipe VISA Card is a tool combining classical and cryptocurrency economies. The holders of this card get an opportunity to instantly convert digital tokens into fiat currencies and pay for goods/services with it in most countries of the world.
During this process, a buyer spends cryptocurrency, and a recipient (for instance, a shop) receives namely in national currency to the account.
The advantages are obvious:
Firstly, let us have a look at a large list of advantages:
If we consider the disadvantages, the most significant among them is that the dissemination of the project is poor due to legal restrictions. Unfortunately, it operates legally in most European countries only and is poorly represented in other regions of the world.
Swipe (SXP) cryptocurrency creates hybrid opportunities for those who want not only to invest in cryptocurrency and be engaged in trading but also to have a chance to use tokens for personal needs if a need for that appears.
These features allow the asset to be in demand among various categories of users, and it means that both the number of investors and such vital indicators as price tag, capitalization, and liquidity in the market will only be rising.
Every holder of the Swipe token has a chance to connect his wallet to the mainnet via smart contract Swipe Staking by using an interface of the decentralized app.
The main requirement is the presence of at least 1000 SXP to participate in staking.
Swipe VISA Card is a tool combining classical and cryptocurrency economies. The holders of this card get an opportunity to instantly convert digital tokens into fiat currencies and pay for goods/services with it in most countries of the world.