Review on Swipe by Paul Maduagwu
Swipe is raising the bar.
Swipe $SXP is the official cryptocurrency of swipe network. At the time of writing this review its main use is as a utility token for the Swipe network list of products and for staking.
$SXP is slowly taking over the crypto space, recently they partnered with Binance Exchange to host an airdrop, a good strategy to increased awareness and holders. $SXP is an Ethereum token hence it can be stored on any ERC20 compatible wallet, but only available for staking on the Swipe wallet.
This project looks solid with many major partnerships and has gained a lot of trust, especially since the launch of Swipe Networks Visa cards. $SXP holders would be able to convert it to fiat and use on the card at over 50 million locations. Their twitter feed is filled with proof that this card and process works, 4 stars for trust.
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Pros
- Staking support.
- Backed by working product, used by thousands of people.
- Listed on many popular Exchanges.
- Good social media presence.
Cons
- Staking is only available on the official Swipe wallet.
- Had an ICO, might not be as decentralized as claimed.
