hello guys
with the recent fall of btc from the last week, most of DEFI tokens felt also to a level where we can now take some very good advantages.
I am talking now especially about Swipe (SXP) token, Binance owned, which is a project that offers a VISA card for spending instantly the crypto coins among the FIAT currencies by an instant conversion, a cash back rate and some other advantages (like free Netflix, for example).
So, SXP are not the only crypto project who does this, but now I think is the cheapest: with 300 SXP staked (~540 USD) you will have:
- free Spotify
- free Netflix
- free Amazon Prime
- 2% cashback (in Bitcoin)
Other crypto project who offers this kind of advantages is crypto.com (CRO), where, for 10.000 CRO (~1500 USD) you have:
- free Spotify
- free Netflix
- free Airport Lounge access for 1 person (there is a list of the airports included)
- 3% cashback
One month ago, 300 SXP was worthing 1100 USD, so I think this is a very good moment to catch the offer. Soon, Swipe will announce some actions and the price will raise again (PoS rewards for example).
The current price is 1,73 $ and the maximum supply is 300 mil tokens, and 20% are reserved for the the team, 20% for funding the project and 40% are reserved. Let's see their exact purpose:
Company Treasury. 20% of the total supply, which amounts to
60,000,000 SXP tokens, have been reserved for the Company to use as part
of their operational treasury.These tokens have locked in a time-lock smart
contract, which allows the release of 1% of this allocation monthly with a
100-month release schedule.
Team/Founder Treasury. 20% of the total supply, which
amounts to 60,000,000 SXP tokens, have been reserved for the early
team members and founder for their compensation. These tokens have
been locked in a time-lock smart contract, which allows the release of
10,000,000 SXP annually over 6 years.
Ecosystem Reserves. 40% of the total supply, which amounts to
120,000,000 SXP tokens, have been reserved for the Company to
incentivize the network and its participants with rewards and promotions
throughout its inception and onwards. There will be many development
bonuses awarded to the community contributing to the Wallet and other
decentralized products in the future. Ecosystem reserves are released at 1%.
For other references, please check the links below (I posted also the card fees to see if it is better than crypto.com).
Cheers!
