What is Swipe (SXP)?
Swipe (SXP) - the native cryptocurrency that powers the Swipe ecosystem of products and governs the decentralized protocols.
Users may use SXP towards transaction fees on the Swipe ecosystem of products such as the Swipe Wallet and Swipe Card. SXP can also be used for discounts on fees.
SXP token holders have the ability to create proposals and vote for protocol changes on the Swipe Network. SXP can be bonded within the network to secure the protocol and receive staking rewards.
Swipe users can utilize SXP to pay at over 60 million merchants worldwide and transfer within the Ethereum & Binance blockchains.
There are currently over 65 million SXP that are distributed to users worldwide out of a 300 million supply. The token economics have been designed where the total supply decreases over time as the network is utilized as part of the fees paid to the protocol are destroyed.