SwipeSwap — a decentralized financial application that allows users to associate Swipe Token (SXP) with a smart contract to guarantee conversion rates between fiat-to-fiat. This is done so that every transformation that happens on the rails of Swipe Payment happens in real time. The SXP is then held as a liaison between conversions to ensure that crypto-to-fiat is converted in payment networks.
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About the SwipeSwap project
Users, who place an SXP bet and link it to the Swipe Network, will receive their pro rata share of Network Rewards, which is 20,000 SXP per day. This number is dynamic and can be under control, using the Swipe Governance protocol. The Swipe Network collateral is only controlled by the provider, as the smart contract has no administrative control over your funds. Users can provide and withdraw SXP collateral on demand. Swipe Token (SXP) is a proprietary cryptocurrency that powers the Swipe network. It is used for rates, payments, management and more.
Swipe works on three main components:
| Swipe | Founding company that develops key Swipe products like Swipe Wallet, Swipe Card and others for Swipe users. |
| Binance | The parent company that owns a controlling stake in Swipe and is also a partner for further growth and development of the platform. |
| Ecosystem | This includes partners, decentralized applications and the community that make up the ecosystem together. |
Swipe Governance — a protocol that allows the Swipe community to make changes to the Swipe network directly in-chain with SXP as a governance token. The Swipe Governance protocol is under control of a series of publicly available smart contracts that oversee specific improvements and changes to the Swipe Network. All Swipe Governance proposals and voting weight will be determined by how much the user's address has put in SXP in the Swipe hosting contract.
More about the exchange
Developers provide a concise description on the main page of the site.
Subscribe to the community:
- twitter;
- telegram;
- instagram.
Some social networks have over 75,000 members. The smart contract doesn’t have an audit. The exchange is available in English.