/biz/ - Business & Finance

[Anonymous No.22016501]

Niggers chasing shitcoins when chad SXP is about to pump into new ATH. NGMI

[Anonymous No.22016529]

When tho

[Anonymous No.22016563]

>>22016529
No idea fren. But you better be ready because if can be anyday now.

EOY comfy

[Anonymous No.22016564]

30,106,653 SXP has been staked

That is almost half of the total supply, in just one day.
You'd be retarded if you didnt buy a small bag right now.

[Anonymous No.22016596]

>>22016529
Thank you money Chicken

[Anonymous No.22016597]

biz give me one good reason not to go all in on swipies

[Anonymous No.22016611]

>>22016597
There are none

[Anonymous No.22016633]

>>22016597
2x EOM

[Anonymous No.22016681]

>>22016597
You may make so much money it changes your values as a person.

[Anonymous No.22016688]

>>22016597
>biz give me one good reason not to go all in on swipies
i see what you did there
protip: there is none

[Anonymous No.22016788]

feeling comfy af staked on chain

if this goes to $10 i am retiring

[Anonymous No.22016913]

>>22016788
$10 is FUD

[Anonymous No.22016936]

>>22016788
Wish I bought earlier, could only buy 500 because im a student

[Anonymous No.22017033]

What is the true circulating supply right now?
30+ mil locked in staking
Another couple million held in spot wallets for staking

[Anonymous No.22017055]

Can I stake in binance?
Is there a minimum amount?
Do I keep it in the spot wallet?

[Anonymous No.22017069]

>>22016633
You said that last month

[Anonymous No.22017084]

>>22016913
God, I wish
>>22017055
Yes
1 sxp
Yes

[Anonymous No.22017085]

>>22017055
Yes.
1SXP.
Yes.

[Anonymous No.22017137]

>>22017055
you automatically stake at ~12% if you keep it in a spot wallet on binance. no minimum number needed to stake

if you stake using your metamask / ledger etc you will get a better rate. minimum for staking using metamask was 1000 swipes.

[Anonymous No.22017154]

>>22017137
corrected - you need 1 swipe to stake using binance at ~12% APR

[Anonymous No.22017174]

>>22017137
>you automatically stake at ~12% if you keep it in a spot wallet on binance
Wait a minute, what
I'm deliberately not staking for now until I work out how/if it will be taxed. But does this mean I might be getting extra swipies just by leaving it there? I don't want to lose my long term tax free rate.

[Anonymous No.22017226]

>>22017174
Yes you will be getting free swipies
Idk about the taxes tho

[Anonymous No.22017231]

anyone here staking on-chain rn? How often do rewards get distributed? have around 1500 sitting on binance and considering putting it on chain desu

[Anonymous No.22017290]

Trying to take off, strap in boys

[Anonymous No.22017299]

>>22017174
as far as I know this is like a gift, so no taxes

[Anonymous No.22017304]

>>22017154
>>22017137
>>22017085
>>22017084

I fuckin love ya /biz/

I have my 300 swipeys in my spot wallet, do I just leave them and binance gives me more moneys?

[Anonymous No.22017330]

>>22017304
Yes 12%APR

You could also stake those 300 swipies and get the Sky Swipe card

[Anonymous No.22017334]

>>22016501
can we get to $1 billion market cap?

[Anonymous No.22017362]

>>22017334
1b mc is fud

[Anonymous No.22017561]

>>22017334
Easy I think

[Anonymous No.22017582]

>>22017362
If we push that are we looking at $15 ?

[Anonymous No.22017663]

>>22017174
keep 25%

Also, there are people, whos sole job it is, to assist you with tax questions.

also, tax nigger looks at swipes the same way he looks at a football card. you own it, its an inanimate object which you own, so i ask you, if you owned a rare card collection, and you charged people 10 bucks a head to walk through your room and view the cards, how would you be taxed?

also. stfu

[Anonymous No.22017742]

>>22017330
stake where to get the card?

[Anonymous No.22017824]

>>22017742
You need to stake atleast 300 on-chain to be able to get the Sky card

[Anonymous No.22017850]

>>22017330
That was always the plan since they announced the 300SXP card, but I reckon I’ll get more out of the 12% staking, since I already have a crypto.com card.

[Anonymous No.22018010]

Binance says it distributes the rewards the 20th of each month, which begs the question. When do I sell?

[Anonymous No.22018040]

>>22017362
>1b mc is fud
1b mc ? lol CRO is 3.5b mc and they are not backed by binance

[Anonymous No.22018075]

>>22018010
No, the question is 'why would you sell?'

[Anonymous No.22018149]

>>22018040
4b mc is conservative for SXP.
Better product, better backers.
$100 a swipe is my current price target, but reckon this week increase with what they have planned. So much more than just a card. DYOR

[Anonymous No.22018238]

Wet really need a FUD campaign for SPX though.

My on chain APR has decreased by 1% from Swipe investors realising the potential of this coin and staking.

[Anonymous No.22018285]

>>22017033
around 80mil i think but the circulation can never go above 100mil according to the whitepaper. they burn anything over 100mil.

[Anonymous No.22018530]

When do rewards post for on chain? I haven't gotten anything yet.

[Anonymous No.22018576]

>>22017824
In the swipe wallet app, you have to order it

[Anonymous No.22018603]

>>22018530
see pic. there is a 7 day waiting period before you can claim the earned sxp too.

[Anonymous No.22018616]

>>22018530
Currently every 7 days. Will be reducing to daily,
I ... I mean it's a scam. Do not buy or stake. Sell your swipes

[Anonymous No.22018625]

>>22018010
Why would you sell before february, tho?
What big time life changing guaranteed event would explain that?

[Anonymous No.22018661]

>>22018603
Thanks, just want to make sure I didn't miss anything

[Anonymous No.22018692]

>>22016501
What values should I put in the staking calculator to get a realistic answer?

[Anonymous No.22018710]

So how does staking work? Are they just inflating the supply by 12%? Or are they paying fees from the card usage?

I rode this from 70 cents to $3 before selling for SRM but I want to get back in. But random shitcoin offering staking rewards in its own shitcoin inflating the supply when the staking isn't serving a purpose is unironically bearish as fuck.

[Anonymous No.22018722]

>>22018692
The real number that is being staked, it looks to be over 30,000,000

[Anonymous No.22018753]

>load up the chart on binance
>tfw see the shitty TA i did on it over 2 weeks ago

its been somewhat accurate lmao

[Anonymous No.22018900]

>>22018710
the sxp we're staking are put up as collateral. and as i've already said, sxp is a deflationary token that will never have more than 100mil tokens in circulation. they will burn the fees in the future. we'll have to wait and see how they plan on doing that. i trust this team though. they've been delivering week after week.

[Anonymous No.22018955]

>supply stays the same
>demand increases when they add more features
guess what happens to the price.

[Anonymous No.22019010]

>>22016596
> Average swipetards

There is a curve function in trading view, how retarded are you, and that's the fucking hourly candles what the fuck?

This kind of shit makes me feel I'm in heaps of shit and need to cash out asap.

[Anonymous No.22019062]

>>22018900
I don't see the fees beating 12% rewards. I'm going to have to research more.

[Anonymous No.22019077]

>>22016597
Because you like being poor. What kinda retard goes all in on a single alt coin? This isn't /r/wallstreetbets. Since when did understanding diversifying and risk management become so hard? /biz/ is literally back on square one. No risk management, cant spell diversify and has no idea how market cap works.

[Anonymous No.22019140]

>>22017069
Its literally 3x since last month right now. Could all you retards contain your autism please?

[Anonymous No.22019676]

>>22017334
500m possible this month. 1B EOY depending on announcements

[Anonymous No.22020168]

>>22016501
any moment now...

[Anonymous No.22020223]

I hope it drops because i need more swipies. This is my last moonshot before i become rich

[Anonymous No.22020477]

>>22020168
I feel you

[Anonymous No.22020519]

>>22020168
Do they even want this coin to moon?
As of now, there is NO reason not to think that they want a stable $3 coin for a number of reason, that I wont be providing here.
Just earn your staking and be happy about it, sheep (thats how wolfs refers to anons)

[Anonymous No.22020568]

I really do like this project because it's one of the very few cryptocurrencies that actually does something. What a concept! This might sound trivial, but if past behavior is any indicator of future behavior, there will be many shitcoins with higher market caps that will fizzle. There have been so many broken promises over the years it's comical. Not that I frown upon investing in what you believe in, but there simply isn't a realistic market for all of these coins. The explosion of defi only amplifies this, there will be some winners, but the losers will far outweigh them.

From a certain perspective, it's good that the price action isn't flailing around every other day, it's built to gain traction over time, just like the crypto.com project. As the coin supply is finite and limited this is a long term hold and will reward the early investors the most if this project ultimately succeeds (obviously). Staking rewards are very good (12% is nothing to sneeze at even in crypto). Staking is the future of crypto. Also it's great to get a competitor in the card space as this will lead to competition which will benefit us. Binance isn't going away and can support marketing and the all important future adoption - this is extremely important as most projects fizzle.

As far as FUD:

The founders have primary control of the coin and can manipulate the price down to the nth decimal point. However this is par for the course in crypto and so far the founders have been transparent about it.

Many people want to compare this to CRO, but MCO was crypto.com's utility token for the card - the price action for MCO was basically a stable coin. However supply was limited & finite and the argument could absolutely be made that price was looking much better long term.

There is no 3% card and the price for the 2% card is ridiculous compared to the crypto.com card. They need to fix.

Is there going to be a Binance card as well? This seems very strange and counter intuitive.

[Anonymous No.22020606]

>>22020519

>Just earn your staking and be happy about it, sheep (thats how wolfs refers to anons)

[Anonymous No.22020895]

>>22020568
CZ said the Binance card was trash and Swipe is the card moving forward.

[Anonymous No.22021100]

>>22020606
>Posts the guy that btfo 4chan a few weeks ago
Thanks for proving my point, basedboy

[Anonymous No.22021155]

>>22021100

wat a newfag

[Anonymous No.22021193]

>>22021155
>wat a newfag
Cope, dilate and go back.

[Anonymous No.22021217]

>>22021100
Double dubs of truth

[Anonymous No.22021307]

>>22019077
Retard alert. All in is how I turned 3k into 800k in three years.

[Anonymous No.22021334]

>>22021193

we make the memes that drive markets doucherag, well be ha[[y to dump on you though, before you neck

[Anonymous No.22021662]

>>22021334
>we
>Im totally an oldfag im here since june
Newfag

[Anonymous No.22021670]

>>22021307
This. Are you really going to (or have the time/funds) to watch the crypto scene every day? At a certain point you will get tired of these forums, checking the price of crypto gets exhausting, life happens, you'll move on.

The most money in crypto has been made by investing in solid projects hard, early and then holding (even when it goes up). This is Warren Buffett's strategy btw.

Trying to chase candles in whatever the latest crypto hysteria is is like day trading, statistically 99% of people get wrecked - of course you're the 1%. I would argue this a project that you hold and forget about *cough Hex too cough*.

Unless there is some sort of bug or scandal this one should gain strength over time. Sure there will be some volatility, but I think it will be limited, and when you're looking at crypto it's prudent to find projects that are immune to crashes more than they are prone to FOMO spikes. In that sense you still get the gains of crypto but don't have to worry about the crashes that this asset is so known for.

[Anonymous No.22021824]

>>22019077
dont tell me you fell for the diversification con

[Anonymous No.22021888]

uh staking reduces trading volume no? how is this coin supposed to grow

[Anonymous No.22021913]

>>22021662

more like over a decade son

but whatever

f jannies and f newfags

[Anonymous No.22022097]

>>22021670
Look at the amount staked on the network, half of circulating coins. How price go up? People not selling. This is the definition of a comfort hold. You can FOMO in on these defi coins but how are you going to sleep - those projects are much more prone to volatility.

When bubbles burst people look for projects that don't burst, and as staking is implemented and with a backer like Binance this thing is basically guaranteed not to fail. So you have new investors flocking in for safe haven and a coin that has a real future with real utility, it's a no brainer.

[Anonymous No.22022145]

>>22019077
stay mad. going all in is how i turned 8k into 75k.

[Anonymous No.22022413]

>>22018576
Can you explain this to a brainlet.
I haven’t been in crypto long but am almost all in Swipe.
You stake your sxp in the app? Then get a 12% return monthly based on the amount you have staked?

[Anonymous No.22022533]

>>22022097
dont forget theres still 240 mil left to dump

[Anonymous No.22022908]

>>22021913
Oh he mad

[Anonymous No.22023225]

Got blocked by Swipe customer service for saying their app is trash.

[Anonymous No.22023287]

>>22022533
True, this is probably my biggest gripe. However it's not unusual for crypto and there is a very popular coin on this board that is very similar. Bu with a finite/ultimately decreasing supply this is one of the only ways interest can be paid out. Other projects are inflationary and pay APY that way. No one way is superior they both have their advantages.

[Anonymous No.22023304]

There is no reason why this shouldn't return to ath. Every week more releases/partnerships will get it even higher

[Anonymous No.22023448]

Also the US market (Binance.us) can't even buy SXP yet, and the app (at least for me in Cali) isn't open yet for purchases; once that is resolved you have the US market.

Another good reason to invest now is that cards are typically the least lucrative side of business for exchanges. Waiving fees and paying out interest on a debit card are not big money makers. Therefore I think they'll take their time shipping the cards so it's probably a good idea to order now. Crypto.com is notorious for taking an extremely long time to ship their cards out.

[Anonymous No.22023533]

>>22023225

Ok I tagged Big Boss and now he's all up in my DMs, very based

[Anonymous No.22023576]

>>22017231
I think weekly, have staked 7k since yesterday

[Anonymous No.22023604]

I'm staking 740 on chain, 24 hours later its still 740.

When do I see staking rewards?

[Anonymous No.22023615]

>>22023448
Also also, capital gains tax is a real thing (unless you're lucky enough to live in a handful of countries). The least amount you're going to pay is 20%!, so buying a staking centered token that pays good interest and is backed by Binance, along with crypto.com's card track record in the space. There is no stopping this train.

[Anonymous No.22023623]

>>22023604
weekly

[Anonymous No.22023683]

>>22023604
How are you staking 740 on chain? I thought minimum was 1k

[Anonymous No.22023709]

>>22023604
How do you stake on chain?

[Anonymous No.22023786]

>>22016501
Is this the Power of marketing?

[Anonymous No.22023851]

>>22023786
Binance owns coinmarketcap so yeah, there will be a lot of marketing.

[Anonymous No.22023904]

>>22023851
Needs more

[Anonymous No.22023983]

>>22023709
>>22023683
Fuck OK maybe? Idk I just deposited them into the swipe app.

[Anonymous No.22024047]

It’s a 3.00 stable coin, fuck I’m getting tired of this

[Anonymous No.22024072]

>>22023983
thats not on chain

[Anonymous No.22024093]

Shit coins be the reason why I'm playing bitcoin games and now I'm getting addicted, save me

[Anonymous No.22024453]

>>22019077
The only smart person here, so many fucking YOLO zoomers on biz as of late. I actually like SXP as a project and think it has a lot of potential, but going all in on one coin is retarded when you could mitigate your risk by diversifying at least a little bit. You're gonna make it, bro

[Anonymous No.22024697]

why do people care about staking so much? it's just 12% interest per year right? that's just a one single pump on this market.

[Anonymous No.22024856]

>>22024697
it's 25% right now on chain, if you're holding a no-brainer like SXP you might as well stake them. At the currect rate I'm getting 10coins every day for doing nothing

[Anonymous No.22024925]

>>22024856
i hold my coins on binance. it's says i can get up to 12%. should i move my coins to chain?

[Anonymous No.22024947]

>>22024925
you need at least 1k sxp for on chain staking

[Anonymous No.22024979]

>>22024947
How do you chain stake, tho?

[Anonymous No.22025044]

>>22024979
send your coins to your metamask wallet and then connect with https://app.swipe.org/

[Anonymous No.22025043]

>>22024947
i have 5k sxp.

[Anonymous No.22025108]

If I send to app, do i still get staking? and how long is card wait list

[Anonymous No.22025114]

>>22024979
https://app.swipe.org/

connect it via metamask

[Anonymous No.22025141]

>>22025108
yes, 12%

received card after 5days, i'm german

[Anonymous No.22025144]

>>22025108
yeah you get 12% like on binance

[Anonymous No.22025162]

>>22025114
How much %?

[Anonymous No.22025174]

>>22025141
>>22025144
SO BINANCE WILL GIVE ME 12% EVEN THO I CAN EARN 25% ON CHAIN STAKING? WTF BINANCE YOU FUCKING THIEF

[Anonymous No.22025202]

>>22025044
>>22025114
Thanks, frens

[Anonymous No.22025726]

https://sxp-calculator.com/

calculator for those who want to see how much the return is

[Anonymous No.22025833]

Reminder that Lisk has a higher market cap than this

[Anonymous No.22025859]

>>22016501
Nice ath you got there lmao

[Anonymous No.22026121]

>>22025174
Lol it's 12% if you just keep it in your wallet. Automatically.
If you stake on chain you get more but you need at least 1000. Miraculously they don't have any stake locking mechanisms and can depart at any time (which is a double edged sword). But staking is one of the only ways crypto has found that can decrease the risk of crashes.

I'm terrible at math, but I believe on chain staking pays you about 6.6 coins a day @ 1000SXP with the current staking percentages:

20000/3000000 = .006
x 1000 (or your amount of tokens) = 6.6/day (24% APY which is absurd)

[Anonymous No.22026174]

>>22025833
Exactly, just absolute dogshit projects with higher market caps. Once FOMO sets in we'll see a nice pump. Don't sell though, hold for at least a year (don't get fucked by the IRS) and be thankful you were so early.

[Anonymous No.22026284]

>>22026121
whoops, 30 million staked not 3.
=.06/day

[Anonymous No.22026295]

>>22026121
I like to think of the high apr as similar to being early btc miners. Obviously it's not going to stay that high forever. The more people stake(mine) the lower the rewards.

[Anonymous No.22026320]

>>22026284
*.6

[Anonymous No.22026349]

>>22026295
Also keep in mind once people start getting their cards you have to lock it in for 6 months.

[Anonymous No.22026406]

and yet the price still continues to bleed down after a decent increase hahahahahafuck

t. bagholder

[Anonymous No.22026450]

>>22026406
sure but zoom out

[Anonymous No.22026489]

>>22026406
check daily chart. We are doing fine

[Anonymous No.22026606]

>>22026450
concerned as I held from 5 down to 4 and it just kept bleeding and bleed, luckily sold at 3.7 and got back in at 2.5 but I just dont wanna hang on to the fall again..

[Anonymous No.22026797]

>>22026606
Based on the chart and future adoption/accumulation it looks like it's going to be worth close to $5 in a month anyways. The huge fomo spike to $5 had a natural correction - totally fucking normal for crypto. Along with staking, time is the other great benefactor of stability. Market cap is more relevant than price, and it's still small. Active twitter/marketing campaign, real partnerships, use case. Just hodl.

[Anonymous No.22026961]

Just added my SXP bags to on-chain staking
>feeling comfy, swiggers

[Anonymous No.22026994]

>>22026961
Doing the same right now.
Why does it makes so much more than on Binance?

[Anonymous No.22027060]

>>22026994
I like to call this phenomenon "Swiper's Delight"

[Anonymous No.22027137]

>>22027060
Done. Too bad I am running low on ETH and dont know when I will be able to afford more.
Hopefuly I wont be a poorfag for long.

[Anonymous No.22027176]

>>22027060
Can you give me a quick rundown on how on chain staking will work?
Do I have to collect my rewards every week or does it accumulate?
Does it get added to my staked ammount automatically or what?
Thank you

[Anonymous No.22027320]

>>22026121
>Miraculously they don't have any stake locking mechanisms and can depart at any time
in the docs they say locking in takes 24 hours and unlocking takes 72

[Anonymous No.22027335]

God, 23.94 % is so comfy

[Anonymous No.22027365]

>>22027176
IIRC It gets added automatically

[Anonymous No.22027370]

>>22026994
how do you do this

[Anonymous No.22027396]

>>22026797
But I need it at $7 by december!

[Anonymous No.22027399]

Just bought 3k SXP am I going to make it bros

[Anonymous No.22027431]

>>22027365
that would be based

[Anonymous No.22027468]

>>22026121
Not really sure why people care about 24% over a year, this shit is about to go 300%-1000% in a couple months

[Anonymous No.22027477]

>>22016501
How often does the on chain staking "pays"?

[Anonymous No.22027501]

>>22027468
Because it makes the number go more upper biggerst
>>22026121
https://sxp-calculator.com/

[Mirror mirror No.22027610]

>>22016564
where did you find it?

[Anonymous No.22027740]

>>22027610
https://app.swipe.org/

30,583,581 SXP staked

[Anonymous No.22027822]

>>22027740
nooooooo, my %

[Anonymous No.22027831]

>>22027477
every week

[Anonymous No.22027853]

>>22027370
do what?

[Anonymous No.22027871]

>>22027831
any set day?

[Anonymous No.22027899]

staking is retarded, you can make way more money swinging this worthless crap. holding is for brainlets

[Anonymous No.22027918]

>>22027899
>staking is retarded, you can make way more money swinging this worthless crap. holding is for brainlets

ngmi

[Anonymous No.22027956]

>>22027899
At a way higher risk you cum slurping nigger

[Anonymous No.22028203]

>>22027176
Pretty sure it gets added to your staked amount automatically, you're eligible to claim rewards after 7 days in each cycle

[Anonymous No.22028343]

>>22027899
Eventually you get tired of staring at price action all day. Up down up down. That's where this comes in. You can buy and sell high risk garbage and get taxed 40%, or you can get in early and hold onto a project built by the biggest crypto bank in the world. And to top it off you get a card that pays you better rewards than any other credit card.

[Anonymous No.22028388]

>>22025174
you have to interact on the eth network when you claim onchain which costs a fee. and then supply the earned sxp which also costs a fee. staking on binance costs nothing.

[Anonymous No.22028715]

>>22028388

G A S S Y

[Anonymous No.22028861]

>>22028388
still worth it to stake onchain