SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network and earn rewards, and pay transaction fees on the Solar blockchain. They can also help govern the Solar blockchain by proposing and voting on changes to the protocol, and earn rewards for providing liquidity. Additionally, Solar DApps use SXP as their primary currency.
## Who Are the Founders of Solar (SXP)?
Joselito Lizarondo and Nayiem Willems founded Solar Network in 2018. Lizarondo and Willems, who previously launched Swipechain, built Solar with a similar mission in mind: to provide sustainable, clean energy solutions to remote areas by leveraging blockchain technology.
The Solar Blockchain Foundation was born in December 2021, in Estonia, after Binance acquired the remaining outstanding shares of Swipe (SXP). Its key focus is to build a blockchain ecosystem that invovlves open-source developers and a thriving community.
## What Makes Solar (SXP) Unique?
Solar is built on the Solar Core, a Layer-1 Blockchain Framework. The Solar blockchain uses the Delegated Proof-of-Stake Consensus (DPoS). The network is protected and supported through DPoS by 53 delegates, also known as node operators, or validators.
Solar is an enterprise-level blockchain ecosystem powered by open-source developers and community participation which aims to create a transparent governance ecosystem. Developers constructing DApps on the Solar platform have access to a variety of features, such as smart contracts, decentralized storage, as well as numerous tools and resources, all of which are provided by Solar Core.
## How Many Solar (SXP) Coins Are There in Circulation?
There are 556,386,099.063 SXP tokens in circulation at the time of writing.
## How Is the Solar (SXP) Network Secured?
Solar is secured by a combination of Proof-of-Stake (PoS) consensus, multi-signature wallets, smart contracts, and a decentralized architecture. Instead of miners competing to validate transactions and earn tokens, the PoS mechanism selects validators based on their stake in the network. Additionally, a bug bounty program is in place to encourage security researchers to identify and report potential vulnerabilities or exploits, helping to address security issues as they arise.
## Where Can You Buy Solar (SXP)?
SXP is available for purchase on several cryptocurrency exchanges, including Binance, KuCoin, Bithumb, Bitstamp, Bittrex, Huobi, ProBit Global, Gate.io and more. Find the full list of SXP trading pairs here.
How to Buy SXP on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing SXP. Some reputable platforms include LBNK, Binance, Kraken, and others.
Step 2: Register an Account
Here, we'll register an account on the Binance(注册链接)trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing SXP.
Step 5: Purchase SXP
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of SXP you wish to purchase. Typically, you'll choose to buy USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy SXP.
Step 6: Store Your SXP
After purchasing, you can choose to store your SXP in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and SXP assets, be sure to use a strong password and enable two-factor authentication.
SXP Price:SXP is the native utility token of the Solar blockchain. Users can stake it to secure the network and earn rewards, and pay transaction fees on the Solar blockchain.The price fluctuates daily, and as of first half of 2024, the highest price for SXP was $5.86.
Recommended Similar Coins: LEET, GENO
Recommended Exchanges for Trading: Binance、upbit