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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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20416788 No.20416788 [Reply] [Original]

/biz/, honest question: why are you not invested in SXP?

>low market cap (40x lower than CRO)
>working product
>Binance listed only a few weeks ago
>will be used by the largest exchange in the world as their card provider
>shilled by CZ
>many announcements incoming

>> No.20417244

Listed one week ago. Seems like a good opportunity to get in on the ground floor in case it does moon.

>> No.20417271

>>20416788
What are the fundamentals

>> No.20417385 [DELETED] 

>>20417271
Solid as fuck.

The Swipe Network consists of three (3) protocols that operate the
network in an asynchronous format:
>Swipe Card: A Visa debit card that enables cardholders to spend
balances that are linked to the Swipe Wallet mobile application.
>Swipe Wallet: A digital wallet application that enables users to
buy, sell, spend, and more with their cryptocurrencies.
>Swipe Smart-Contracts: These delegated smart contracts are
given to users within the Swipe Network and execute certain
actions using its native SXP token.

While the Swipe Network is the core of the Swipe ecosystem of
products, it’s important to note that the Swipe Network requires all 3
components to operate as designed today on-chain. However, the other
Swipe products, such as Swipe Wallet5 and Swipe Card6, can function
independently with the Swipe Network off-chain.

In a future version, the Swipe Network on-chain process will be
governed by a decentralized autonomous organization (DAO) and will
utilize a proof-of-stake consensus method to secure the platform. This
system will be secured via SXP staked on a smart-contract within the
network that offers incentives, such as a transaction fees for validating
transactions on-chain.

>> No.20417593

>>20417271
Solid as fuck.

Basically, the Swipe Network consists of three (3) protocols that operate the network in an asynchronous format:
>Swipe Card: A Visa debit card that enables cardholders to spend balances that are linked to the Swipe Wallet mobile application.
>Swipe Wallet: A digital wallet application that enables users to buy, sell, spend, and more with their cryptocurrencies.
> Swipe Smart-Contracts: These delegated smart contracts are given to users within the Swipe Network and execute certain actions using its native SXP token.

While the Swipe Network is the core of the Swipe ecosystem of products, it’s important to note that the Swipe Network requires all 3 components to operate as designed today on-chain. However, the other Swipe products, such as Swipe Wallet5 and Swipe Card, can function independently with the Swipe Network off-chain.

In a future version, the Swipe Network on-chain process will be governed by a decentralized autonomous organization (DAO) and will utilize a proof-of-stake consensus method to secure the platform. This system will be secured via SXP staked on a smart-contract within the network that offers incentives, such as a transaction fees for validating transactions on-chain.

>> No.20417959

>>20417244
it hasn't bottomed out yet. I'll buy around 4k sats.

>> No.20417992

>>20416788
It should also be noted that the card issuer for SWIPE is NOT Wirecard but Contis Financial Services.

This is very important as most all other crypto related cards are Wirecard. And Wirecard is on the brink of insolvency. Crypto.com had to stop all of their services last week because of this.

>> No.20418143

>>20417992
Absolutely right.

Swipes biggest competitor Crypto.com had to stop their services because of the Wirecard stopped their services, lol. They would need to reissue all their metal cards they cost like USD 40 each.

>> No.20418179
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20418179

>>20418143
Pic related.

>> No.20418841

>>20416788
Biz will get into SXP after it reaches $5 EOM. You can screenshot this.

>> No.20419355

>>20418841
Really hope so. Would absolutely love to top off other positions with quick gains sponsored by CZ.

>> No.20419425
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20419425

>>20419355
Look at the debt chart. I'm confy as fuck.

>> No.20420134

>>20417593
Wouldn't this require sxp to stay at a low, stable price? What is their target?

>> No.20420684

>>20420134
Why is that? I'm curious about buying but am not 100% sure yet. Is there something to this fud?

>> No.20420787

>>20420684
I haven't done any personal research into it but if you have to use sxp for transactions how would it make sense for it to be worth a lot and be very volatile?

>> No.20420815

>>20420134
Wait, how did you get to that conclusion? Just like CRO, early adopters just get a better deal than late adopters that need to spend more to get the same benefits.

Don't over think it. It's a 50 mln market crypto card backed by Binance and CZ. Their only competitor is crypto.com. And crypto.com hat has a shittier product and a +2.5 BILLION market cap.

>> No.20420922

>>20420815
And it has been on a real exchange for only a week. A week! This will be the next life changer for 100%

>> No.20421059
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20421059

Fuck, fuck, fuck, it breached 9k sats. This was the resistance for a while now. I was hopping to grab some on the cheap...

>> No.20421173

>>20420815
Forcing medium-late adopters to pay more seems like a shitty business model for something like this since you want to generate a network effect, but I cant argue with the fact that CZ bought them out a month ago, which is pretty bullish.

>> No.20421290

>>20421059
The order book is a lot heavier on the sell side so I doubt it will stay above 9

>> No.20421383

>>20421173
That's literally how BNB works and they seem to be doing OK.

Usually they don't make it more expensive for the late adopters per se, it's just that if you are an early adopter your investment is more valuable. Do you get what I'm saying?

>> No.20421619

>>20421173
Even if they don't force anything and set a fixed usd price in SXP for different card tiers, it still will pump because people will simply buy it, it's a debit card in crypto, in a bullrun scenario all normies will buy bitcoin and will look to spend it using a debit card, and will buy SXP or whatever allows them to get cheaper fees for transactions.
Protocols and complicated things moon on hype and how good the team is / how likely are they to succeed, but there are still simple projects that are normie friendly and have competition but also a huge market to expand into, and if they have binance behind them and a small market cap (compared to the competition), then it's as guaranteed as anything can be in this space.

>> No.20421707

Also WE'RE PAMPING NIGGERS THIS IS MATIC 2.0 kind of pump, if you have a small link stack this is your opportunity to x5 this summer to afford more. Check the OG linkies with big stacks and you'll see many of them rode MATIC's pump in 13 may 2019 (a binance IEO CZ wanted to do good to encourage other projects to use their platform for their IEO's).

>> No.20421768

>>20421707
Yep. Link was a great buy. A year ago. Now link can do like what 50% at best? If this does 50x its still on crypto.com market cap.

>> No.20422538

>>20421383
I dont see how it wouldn't be more expensive for late adopters if the price is going to moon.

>>20421619
I'm definitely bullish because it seems like a good idea and CZ is behind it now and more than likely it will be worth more than 80 cents, but I just think it would be more successful of they kept the price low so I don't see how this could completely moon

>> No.20422583

>open thread
>no mention of monolith anywhere
I'd start accumulating if I were you

>> No.20422651

>>20422583
>monolith
Take your shitcoin elsewhere faggot, they literally show you the eye when you open the website https://monolith.xyz/, I use crypto because I'm against the jews not to join them.

>> No.20422796

>>20422583
Just checked their website. Their fees are so hight I would never ever use their card.

>> No.20422824

>>20422651
>>20422796
Lmao you guys aren't kidding it's a straight jew coin

>> No.20423026
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20423026

Post your bags boys

>> No.20423266
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20423266

10k plus club.

>> No.20423313 [DELETED] 
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20423313

>>20423266
>>20423026
Going to sell at 4$ for 1 million $ so I'm telling you there will be some resistance at 4$ kek

>> No.20423531

>>20423313
Nice. Anyone got him beat?

>> No.20423660

>>20423531
I sold most of my decentrl sale gains (2x-3x) for it. Hope I won't end up regretting it. Kek.

>> No.20423671

>>20423531
No, all the addresses with more are exchanges, I put 3 years of link gains into this, will put the million $ back into bitcoin, I just hope it reaches 4$ before the bullrun.
Few anons will see how hard SXP will moon and once it does it'll take them by surprise, the reason is because it's not a /biz/ friendly project, it's a normie friendly one, /biz/ will see debit card and working product and it's something they've seen already and will overlook binance acquiring them or binance's plans in the future and how CZ think even if they saw it all in the works last year.

>> No.20423685

>>20423660
*~62k SXP

>> No.20423843

>>20423671
It's so simple it's beautiful. Neets won't understand. This is not link, this is ripple.