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Nigeria, Osogbo, Osun State, Nigeria
1 Level
165 Review
110 Karma

Review on Swipe by Benaiah A. Akinlade

Revainrating 3 out of 5

Swipe SXP: Struggling to recover from the free fall of the August rush

Swipe is a company that delivers numerous services related to cryptocurrencies such as multi-currency wallet, crypto cards, crypto payments, crypto borrowing, crypto savings, among others.
SXP is the official cryptocurrency of Swipe. 1 SXP equals USD 1.87 and it is ranked at number 80 by market cap. It is a cryptocurrency that’s built on the Ethereum blockchain so it is as an ERC20 token. It can be used to pay for various products and services within the Swipe ecosystem.
There were two ICO held for SXP tokens
1. The first ICO was a private sale on August 1st 2019 and over 19.5 million SXP was sold at 0.20 USD for a total of more than USD 3.9 million.
2. The second ICO was a public sale that took place between August 2nd to 9th 2019. More than 40.4 million SXP was sold at a price of 0.20 USD for a total of mire than 8 million USD.
SXP is listed on the following exchanges; Upbit, KuCoin, Bithumb, BKEX, MXC (MoCha), , WazirX, ProBit Exchange, Bithumb Global, Binance, Poloniex, Bittrex, Bilaxy, Uniswap (V2), FTX, Coinsbit, Balancer, Folgory, CoinTiger, Bitsdaq, Gate, among others. It can also be easily exchanged with some popular crypto currencies like Bitcoin, USDTether, Ethereum, Tron, BUSD, BNB, AUD, SWAP, among others.
SXP market price fell woefully at 60% from USD 5.22 in August 2020. It is currently at USD 1.87 and this is still far off from its all-time high of USD 5.22 in August, but it comes with some impressive features that makes is possibly a good token to invest in as it tries to find its feet from its great decline. One of the ways this can be achieved is to improve the public image of the token so it can be well-known by all users. I believe this will aid its quest to reach a better trading value.
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img 3 attached to Swipe review by Benaiah A. Akinlade



Pros
  • It operates on a solid ethereum blockchain
  • It has a good support base from a lot of good crypto exchanges
  • It can be easily traded for other popular crypto currencies
Cons
  • It’s market value fell at the rate of 60% from $5.22 USD
  • It’s trading value is too low compared to its all time high of August 2020

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