SXP is a native coin of the Solar network. Solar describes itself as a decentralized community-driven blockchain project that is focused on creating an ecosystem with true governance where SXP is at the core of everything it does. It is built on the Delegated Proof of Stake Consensus protocol. This makes the network sustainable and efficient.
Solar blockchain offers a wide variety of features and tools that will allow it to level with enterprise-grade applications.
SXP is fast, efficient, and fully decentralized. It does not go through the challenges of the traditional Proof of Work blockchains. SXP aims to compete with leading blockchain platforms such as EOS, Ethereum and Solana by improving on core architectural and structural features.
Users are able to benefit from innovative features on the SXP blockchain such as staking, creating fungible and non-fungible tokens, protocol-based burning mechanisms and a lot more tools to create amazing utilities such as on-chain launchpads, governance modules and interact with our very own metaverse.
SXP originally belonged to Swipe. The founder of Swipe is Joselito Lizarondo. He created the project in 2019. He is known for his devotion to the project. The brightest example of this happened in May 2021 when he burnt all the SXP tokens (about 17%) allocated to him. This was done for one reason, to keep the whole project going. The main idea of the project was to create an ecosystem that supports blockchain developers, drives crypto adoption, and provides an opportunity for spending crypto savings in everyday life.
In July 2020 Binance acquired a major stake in Swipe. SXP became its own entity when Binance acquired the remaining outstanding shares of Swipe last December 2021. SXP was then rebranded to Solar, an ecosystem with open-source developers and community involvement.
On its mainnet launch on March 28th at 18:00 UTC, SXP, known as a token on Ethereum and Binance Smart Chain, has embarked on its own layer-1 blockchain which is Solar, having SXP itself as the native coin.
If you would like to purchase SXP, please follow the instructions below: