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Solar Price in India (SXP)

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SXP to INR Converter

As per last price at 00:00:00, 01/01/70

INR

SXP

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SXP Performance

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SXP Market Information

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SXP Price Today

The live price of Solar is ₹ 0 per (SXP / INR) with a current market cap of INR. 24-hour trading volume is ₹ INR. SXP to INR price is updated in real-time. Solar is +0% in the last 24 hours with a circulating supply of .

About Solar (SXP)

What is Solar (SXP)?

The Solar network is a layer 1 blockchain known to be one of the most energy-efficient blockchains. The network uses Delegated proof-of-stake (DPoS) mechanism and features 53 block producers that play a vital role in securing the network. The blockchain is entirely decentralized and open-sourced with an emphasis on the community-driven aspect and offers faster, more efficient, and better privacy to users. 

Who founded Solar (SXP)?

The Solar (SXP) was founded by Joselito Lizarondo and Nayiem Willems in 2022. The co-founders already had a strong footing in the crypto space with Swipe, a crypto payment system. 

Primary features of Solar (SXP)

• Eco-friendly consensus mechanism: Solar uses the Delegated Proof of Stake (DPoS) consensus mechanism to secure the network which is considered more eco-friendly compared to proof-of-work (PoW).

• Scalability: The network is designed to handle a high volume of transactions efficiently, facilitating fast and low-cost transactions.

• Community-driven: The Solar ecosystem is a community-driven project without a centralized authority. It is overseen by a DAO, hence all major decisions are taken via proposals and voting. 

• Open-source: The Solar network is open-source and allows developers in the crypto space to use its tools such as Side Ledger Protocol (SLP), Solar Wallet, and Launchpad.

Is SXP a promising cryptocurrency?

Among promising cryptos, SXP stands out among other layer-1 blockchain ecosystems for its scalability and interoperability. Its community-driven approach positions SXP as a prominent cryptocurrency in the broader market. As of July 2024, the SXP token is trading at $0.25 and holds the 271th position by market cap. The token’s all-time high is $5.86, which was achieved on 3 May 2021. While the token’s price has nosedived from its ATH, experts and technical analysts forecast that the token will have an upward movement in the future. 

To invest in SXP, download the CoinSwitch app.

How do I use SXP?

• Medium of exchange: The SXP token can be used as a medium of exchange on-chain and also to buy goods and services from merchants that accept the SXP token. 

• Governance: SXP token holders can vote on the network’s governance for the platform’s improvements.

• Staking: Token holders can also stake their SXP tokens to earn rewards.

Pros & Cons of Solar (SXP)

Pros

• The Solar network facilitates fast and low-cost transactions.

• The Solar network is open-sourced, decentralized and community-driven

• SXP token holders can stake their tokens to earn rewards and also participate in the network’s consensus mechanism.

Cons

• SXP ranks only at #470 in terms of the overall trading volume.

• SXP tokens are subject to market volatility which may impact its price.  

• As crypto, SXP is in the early stages and still has a long way to go toward mainstream and real-world adoption.

How to trade Solar (SXP) on CoinSwitch?

• To start trading in SXP tokens on CoinSwitch, download the app. 

• You can begin your investment with funds as low as ₹100.

• CoinSwitch charges a nominal fee for trading.

Solar (SXP) ICO summary

Solar journey in the digital currency sector started with Swipe, a crypto payment system launched by the co-founders of the Solar network in 2018. In August 2019, Swipe raised $12 million through an Initial Coin Offering (ICO). The ICO attracted prominent investors including Binance, which acquired a controlling stake, and Alameda Research.

Bitcoin Resources

1. How do I buy Solar?

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To buy Solar, do the following steps:

Step 1:

Sign in to your CoinSwitch app using your registered mobile number. Enter the OTP sent to your phone, then input your CoinSwitch PIN to access your account.

If you don't have an account, click here to register: new account.

Step 2:

After logging in, you'll find your CoinSwitch dashboard. Look at the top right corner for a search icon. Use it to find Solar.

Step 3:

Once you find Solar and are ready to buy, click on the Buy button at the bottom of the screen and follow the instructions to make your purchase.

2. What is the price of Solar?

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The price of 1 Solar is ₹0.

Note: Solar prices are subject to change in the future based on market trends.

3. What is the price of Solar today?

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The current price of 1 Solar is ₹0.

Note: Solar prices are subject to change in the future based on market trends.

4. Can I buy Solar for ₹100?

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Yes! You can buy Solar for as low as ₹100 on the CoinSwitch app.

5. How much is 1 Solar in rupees?

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The current value of 1 SXP is ₹0.

6. What is the current trend in Solar?

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SXP has been NaN% in the last 24 hours.

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SXP to INR Converter

As per last price at 00:00:00, 01/01/70

INR

SXP

TRADE SXP NOW

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