Solar Network Launch & SXP Updates

The Solar Network, which is the Layer 1 blockchain for the SXP cryptocurrency, is preparing the launch for the main network. There has been significant development done to the devnet and underlying code base to prepare for a smooth transition to the main network with a base layer for all the features outlined in the updated white paper.

Some important updates to keep in mind as we transition over to the Solar Network. SXP will now be rebranded from “Swipe” to “SXP” a move following BNB to ensure SXP is a standalone decentralized digital asset. To prepare for the upcoming chain merges of Binance Chain and Ethereum for SXP, the total and circulating supplies will be updated to include both figures combined which will represent the data on the Solar Network. We reiterate the point that no additional tokens are entering the market than what is already, and has already been in the market for quite some time. So no additional inflation will occur with the merge, but instead there will be block rewards designed for the community who are producing blocks and validating transactions. There will be no logo change as the Solar Network is a blockchain not a “cryptocurrency” or “digital asset” as its tracked. Very similar to Ripple being the blockchain and XRP being the cryptocurrency, is the model that SXP will follow as well. The updates will be reflected on CoinMarketCap and CoinGecko respectively. Solar will post an update in March regarding the launch procedure.

Moving forward all information and updates pertaining to SXP and Solar Network will be found on the Solar Network official links below:

Twitter: @SolarNetwork

Medium: https://blog.solar.org

Telegram: @Solar & @Solar_Network

Discord: https://discord.solar.org

Website: https://solar.org

Whitepaper: https://solar.org/whitepaper

GitHub: https://github.solar.org

Any update regarding the Swipe.io card platform will continue to be updated here on the Swipe.io, @Swipeio Twitter & Telegram, @Swipe channel, Facebook, and Instagram which will reflect corporate or technology updates for the Swipe platform and not the SXP cryptocurrency unless it has an update to the platform. SXP will continue to be the currency used for Swipe Issuing and Swipe will continue to be operated and controlled by Binance from the acquisition done last year.

Thank you,

Swipe Team