Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: LeziT on May 03, 2021, 07:52:48 PM
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This article will take a look at five cryptocurrencies in the decentralized finance (DeFi) sector.
These DeFi tokens have interesting developments lined up for the month of May, which could also have a positive effect on their price.
Swipe (SXP)
Swipe is a platform that aims to connect the fiat and cryptocurrency worlds. It does this by offering three products:
The Swipe Wallet – enabling users to store their assets with easy-to-use interface.
The Swipe debit card – A more convenient way for Swipe users that allows them to spend their assets
The native token – SXP. The token is used for transactions inside the network.
On April 29, more than $200 million worth of SXP were burned, in the largest burn in history. This was done in order to benefit the SXP token holders by making the token a more scarce asset. Therefore, the burn has eliminated around 17.5% of the supply, approaching the end goal of 100 million SXP in circulation.
https://cryptonews.net/en/news/defi/602820/ (https://cryptonews.net/en/news/defi/602820/)