Review on Swipe by Martin Matis
Swipe destined to succeed
SWIPE (SXP) is a utility token of the SWIPE platform that serves as a gas to power the transaction fees and to get discounts on transaction fees, as an exchange medium an finally can be used for staking to open higher tier levels of the crypto debit cards issued on the Swipe platform.
ο»Ώ
It is a very promising token as of the following reasons:
ο»Ώ
1. It is deflationary by nature as 80% of the SXP tokens used as transaction and withdrawal fees are automatically burned
ο»Ώ
2. The Swipe platform is one of the most complex and integrated crypto platforms with user-friendly interface making the world of crypto currencies accessible to broad range of customers with no previous crypto experience
ο»Ώ
3. Swipe platform offers the best crypto debit card on the market with absolutely no fees and with very competitive benefits on all card tiers
ο»Ώ
4. Swipe platform has been acquired by Binance in July 2020, Binance has already started to issue its own crypto debit cards on Swipe platform and there is a promise of further integration with the broad family of Binance services
ο»Ώ
Therefore there are many reasons for the value of the SWIPE (SXP) token to return and further exceed its historical maximum of 4.2 USD from the current price around 0.8 USD per token
ο»Ώ
Pros
- 80% of the SXP transaction and withdrawal fees are automaticaly burned
- Swipe platform acquired by Binance
- Best crypto debit card on the market
Cons
- Very long tier verification process
