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Swipe

Swipe (SXP)

$ 0.10
0.11 %
Main info
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Markets
Analytics
Market cap
$2.24M
0.11 %
Volume (24h)
$175.86K
0.11 %
Circulating supply
192,768,789 SXP
Total supply
285,368,788 SXP

About Swipe

Wallet Features

The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can 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 are able to use their SXP tokens on launch and there are also tiered benefits based on the SXP holding on 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.

Token Utility

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

Swipe Token is a utility token designed to be the gas and fuel to the Swipe Wallet and Swipe Card. Use your Swipe Tokens (SXP) to pay for transaction fees, network fees, spending fees, discounts and rewards enhancements, access to Swipe Slate, and more.

Key data

updated $0
Market cap$2.24M
Volume 24h$175.86K
Circulating supply192.77M
All-time high$5.79-98% from peak · 2021-05-03

Swipe (SXP) is a cryptocurrency created by the Swipe project, which focused on bridging crypto and everyday payments through a debit card system. In simple terms, SXP was the token that powered the Swipe ecosystem, letting users spend their crypto assets like regular money and pay reduced fees within the platform. The project was later acquired by Binance, which shaped much of its further development.

Frequently asked questions

What is Swipe (SXP) and how is it different from other cryptocurrencies?

SXP is the utility token of the Swipe ecosystem, a project built around crypto payment cards rather than smart contracts or DeFi. Its main distinction is the focus on making cryptocurrencies spendable in everyday life through Visa-linked cards. Holders also got discounts on fees and perks within the platform's tiered system.

How does the Swipe network work technically?

Swipe started as an Ethereum-based ERC-20 token and later expanded to the Binance Chain ecosystem, including BEP-20 support. The project itself didn't run its own consensus mechanism — it relied on the security of the chains it operated on. After the Binance acquisition, the token's infrastructure became closely tied to Binance's ecosystem.

How is SXP supply and emission structured?

SXP has a fixed maximum supply, meaning no new tokens are minted beyond that cap. A notable part of the emission model involved regular token burns, where a share of fees generated by the platform was used to remove SXP from circulation. This deflationary mechanism was designed to gradually reduce the circulating supply.

How can you store and use SXP?

Since SXP exists as ERC-20 and BEP-20 tokens, it can be stored in any wallet supporting these standards, such as MetaMask or Trust Wallet. On exchanges that list it, you can trade it or use it for fee discounts within the ecosystem. Always double-check which network (Ethereum or Binance Smart Chain) you're using when transferring, as tokens on different chains are not interchangeable.