A Decentralized Digital Currency
Swipe Wallet is designed to require Swipe Tokens (SXP) to perform all functions and utility of a digital wallet, including to use in services and to make withdrawals. Users of the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the wallet application. Users can also purchase gift cards and make instant exchanges between all supported assets.
Users can use their SXP tokens upon launching, and there are also tiered benefits based on the SXP holding on the Wallet Contract. All Swipe Wallet users require a one (1) SXP deposit to activate and utilize on-chain functions based on an audited Smart Wallet-Contract. The protocol has been designed and built on Ethereum and destroys 80% of network and transaction fees, while 20% of the fees are retained by the company. SXP will be later used to secure the Swipe Network.