Swipe (SXP)

Swipe

Total supply	CMC: 299,987,200 SXP
Website	https://swipe.io/token

 Basics

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

• From CMC (10-4-2020):

"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."

Token

Utility

• From their website (10-4-2020):

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

Tech

• Whitepaper can be read here (10-4-2020).
• Code can be viewed [insert here].
• Built on: Ethereum token but will launch on Binance Chain (20-8-2020).
• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From their website (10-4-2020):

"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."

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."

Privacy Method being used

Compliance

• Has AML and KYC.

Oracle Method being used

• Uses Chainlink (11-2-2020):

"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."

• Has Band integrated on the Binance Chain (20-8-2020).

Their Other Projects

Venus

• From The Block (28-9-2020):

"Binance has unveiled a new “decentralized” stablecoin 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.""

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

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

Partners 

• From their website (10-4-2020):

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