Why buy SXP?
1) SXP holders can participate in the governance of the network with a minimum deposit of 1000 SXP tokens and can submit proposals directly on the swipe network with a minimum stake of 300000 SXP tokens.
2) Staking SXP tokens upgrades the swipe cards from saffron to slate with added benefits and perks.
3) SXP tokens can be used in Swipe’s AMM to provide liquidity, and participate in yield farming by staking tokens.
About Swipe Network
1) The Swipe network is a collection of DeFi services bundled into a simple mobile app. Users can convert their cryptocurrencies into fiat and stablecoins, and pay merchants using Swipe cards. Swipe visa debit cards come with 8% cash back, no foreign transaction fee, and attractive top-brand rebates. Swipe cards can be managed using the Swipe app itself.
2) Swipe tokens (SXP) are the utility tokens that power the entire Swipe network. They are used for transaction fee, network fee, payments, staking and for discounts on the swipe cards. SXP tokens can be used in the automated market making of Swipe to provide liquidity and stake tokens.