Swipe (SXP)

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Swipe
Total supplyCMC: 299,987,200 SXP
Websitehttps://swipe.io/token

 Basics

  • Founded in:
  • Mainnet release:
  • Based in:

"The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions of the Wallet. Users on the Swipe Wallet will be able to buy, sell, and pay with their cryptocurrencies to fiat directly within the wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets.

Users will be able to use their SXP tokens at launch with tiered benefits based on the SXP balance in the Wallet Contract. All Swipe Wallets require a 1 SXP deposit to activate and utilize on-chain functions based on an audited Smart Wallet-Contract to perform its duties. The protocol has been designed and built on Ethereum."

 History

Token

Launch

Token allocation

Utility

"Swipe Token is a utility token designed to be the gas and fuel of the Swipe Wallet and Swipe Card."

Token Details

Stablecoin

Tech

Transaction Details

How it works

"The protocol has been designed and built on Ethereum and destroys 80% of network and transaction fees, while 20% of the fees are retained by the company. ​SXP will be later used to secure the Swipe Network."

Mining

Staking

Liquidity Mining

Layer Two

Different Implementations

Interoperability

  • From this blog (20-8-2020):

"SwipeFi is the first proposed decentralized financial lending protocol launching on Binance Smart Chain which will support various stablecoins and crypto assets to be deposited as collateral to earn interest or borrow against their collateral."

Other Details

Privacy Method being used

Compliance

Oracle Method being used

"The new integration will enable the Swipe platform to access Chainlink's decentralized price feed oracles, particularly their ETH-USD Price Reference Contract and a custom-built decentralized price reference network for SXP-USD, representing Swipe's native token."

Their Other Projects

Venus

"Binance has unveiled a new “decentralizedstablecoin system called Venus. The system is built on the Binance Smart Chain and will mint the decentralized stablecoin called VAI, backed by a basket of various BEP-20 tokens (BEP-20 is Binance's token standard). The Venus protocol can be seen as a mixture of MakerDAO and Compound, said Binance CEO Changpeng “CZ” Zhao.

"VAI is minted by the same collateral that is supplied to the protocol. Users can borrow up to 50% of the remaining collateral value they have on the protocol from their vTokens to mint VAI," said Binance. "The collateral provided to Venus will be represented by vTokens (such as vBTC) which will enable users to redeem the underlying collateral as well as to borrow against it."

Using the Venus protocol, users will also be able to stake their Binance coin (BNB), Binance stablecoin (BUSD), and Swipe (SXP) tokens into separate pools to farm Venus (XVS) tokens, beginning Tuesday. Binance will then list XVS into the Innovation Zone on October 6 and open trading for XVS/BTC, XVS/BNB, XVS/BUSD, and XVS/USDT pairs. The protocol is developed by Swipe Wallet, which Binance acquired earlier this year for an undisclosed amount. Binance first revealed a project called Venus last August. At the time, Binance said Venus would be a "regional version of Libra.""

Governance

DAO

Self Funding Mechanism

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

Bugs

Usage

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Swipe Wallet Ltd is a company, established under the laws of United Kingdom. Got acquired by Binance (7-7-2020).
  • Full team can be found here (10-4-2020).
  • Joselito Lizarondo; CEO
  • John Khennethl COO
  • Eric Adolfo; CTO

Funding

Partners 

BitGo, Onfido, Certik, Coinbase Custody, Prime Trust and Chainlink.