Swipe’s SXP Is Up Over 100% In Ten Days After Introducing New Products

Swipe’s SXP token has gone up by 100% in the past ten days, resulting in an all-time high after the project announced a new, simpler white paper and a few other products so let’s read more about it in the altcoin latest news today.

Swipe is one of the newest acquisitions of Binance which has announced a  new simplified white paper that will assist in the mass adoption of the company. With a lot of developments from the project in the past few months, Swipe’s SXP token soared by more than 60% over the past week alone to a new all-time high. The newly announced white paper comes under the name Swipe Product Manual. The company said that unlike other white papers that are mixed with content and the average user cannot understand, the new one will work in a way for every person to understand.

To simplify the information, the Swipe Product Manual summarized all of the available products and the others that the company plans to release soon. Users can also utilize the Swipe Card, Swipe Wallet, and Swipe Issuing while the products Swipe Savings, Swipe Decentralized Applications, and Swipe Pay will come soon. The card tiers will have four levels of engagement depending on the amount of SP tokens that one user will stake. The cashback from the card program will give up to 5% in BTC with the next benefits:

 “100% Rewards Rebates on Amazon Prime, Apple Music, Spotify, Netflix, and Hulu memberships and 10% Rewards Rebates on Starbucks, Uber, Airbnb, and Travala.com.”

Swipe is thrilled to announce the release of our #Swipe Product Manual which is Swipe’s all new redefined white paper with simplicity in mind.

New products:
Swipe Pay, Swipe Savings, Swipe Credit, Swipe Network DApps, new Cards with new perks, and morehttps://t.co/m13LM4Pysp

— Swipe (@SwipeWallet) August 11, 2020

The announcement asserted that the native cryptocurrency will go through a new upgrade and a new v2 token contract on the ETC blockchain. By implementing it, the company will “destroy and remove all admin keys and make the protocol fully decentralized with control through on-chain governance using SXP.” The token will be interconnected with the upcoming Swipe Dapps but the timeframe of the update is not yet specified as the statement said:

 “This upgrade will require users to utilize an exchange, custodial wallet provider, or a swap tool we will release and open-source.”

Ever since the crypto exchange Binance announced the acquisition of Swipe, the token went on a huge bull run. SXP traded at $0.42 and reached a new all-time high of more than $3, representing a price surge of 614%. With the current price below $3, the project’s total market cap is closing down to $200 million.