Swipe

Reasons to Buy Swipe

• It uses the Proof-of-Work consensus Algorithm.
• It is acceptable at a wide variety of stores, both online and offline.
• SXP is the native cryptocurrency of the Swipe ecosystem.
• It has a maximum supply of around 239 million SXP coins.

Swipe ecosystem allows easy conversion of cryptocurrencies, stablecoins, and fiat currencies to one and another. The platform hosts a large number of coins and provides a range of services to its debit card users in return for staking their SXP tokens. It also offers cashback on the purchase of certain cryptocurrencies. In 2020, Swipe was undertaken by Binance and also ran a token on the Binance chain.

Things to consider before buying Swipe

• There might be an influx in the price of Swipe coins as they are burned from time to time.
• Staking of SXP tokens allows for upgrades in its visa card network. It also offers premium subscriptions to users with more than 30,000 SXP staked in the network.
• SXP is available as an ERC-20 and a BEP-2 token.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.