This week, the Swipe (SXP) crypto asset will be listed on Indodax. The open deposit will start on September 15, 2021, at 14:00 WIB, and open trading will start on September 16, 2021, at 14:00 WIB.
As you know, SXP is a crypto asset that runs on top of BEP20. However, did you know that Swipe also has an on-chain product called Swipe Swap? An Automated Market Maker created by Uniswap, SushiSwap, and THORchain and powered by Swipechain.
Still confused? Take it easy because, before buying, you need to find the background of a project so that you can have the most suitable crypto asset. And this time, Indodax Academy will share, and you can read this article to know more!
What is Swipe?
Swipe is a platform that looks to bridge the world of fiat and crypto assets with its API designed to create global payment cards backed by its native SXP token.
With Swipe, a business can create, manage and distribute branded virtual and physical cards. In contrast, Swipe works all regulatory, compliance, and network responsibilities to quickly launch its program with Swipe’s direct banking and licensing partners.
Swipe connects and partners with major payment networks, enabling businesses to build crypto assets into fiat-funded card programs quickly.
Swipe also has an on-chain product called Swipe Swap, which uses its native token SXP and serves as fuel for the Swipe Network. SXP is also used to pay transaction fees and secure Swipechain through bonding and governance.
Who is the Founder?
Swipe was founded by Joselito Lizarondo, an early Bitcoin investor and individual with a lot of experience in the startup business. Lizarondo is currently the CEO of the platform.
In July 2020, it was announced that Swipe was acquired by Binance — one of the world’s leading digital asset exchanges — for an undisclosed amount.
What Makes It Unique?
Swipe currently supports the world’s largest digital asset exchanges, Binance and FTX, connecting to its largest payment network, Visa, via its Swipe API.
The Swipe API enables real-time crypto assets for fiat conversion with just a debit card swipe at a point of sale or e-commerce transaction, allowing Swipe to create a frictionless user experience for its clients. Bundled in the Swipe API is Swipe Rewards, a cashback network of card-related offers that will enable cardholders to earn up to 30% back at participating retailers.
SXP Crypto Asset
It is current rating on CoinMarketCap is #128, with an immediate market cap of $485,077,578 before listing on Indodax, and it has an outstanding supply of 187,368,789 SXP and max. supply 239,612,084 SXP.
How to Buy at Indodax
For those who want to buy it, you can buy it on Indodax starting September 16, 2021, at 14:00 WIB. Here’s how:
- For those of you who are not yet a member, you can click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, click on this link.
- After your deposit and balance come in, you can return to the market.
- Look for SXP in the Rupiah market, then click.
- After logging in, you must buy by filling in the balance and at what price you want to buy SXP. You can also buy it instantly or directly at the current price.
- After that, you need to wait for the price to increase for some time patiently.
- After the price increases, you can sell at a higher price with the instant method.
- You can place an order after buying if you sell with the limit method. Make sure you enter a higher number when selling.
