Solar Price
(SXP)
USD($)
Solar (SXP) Live Price Chart
Overview
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Analysis
FAQ
Solar Live Price Data
How do you feel about Solar today?
Note: This data is for reference only.
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Bearish
Solar(SXP) Profile
Rank181
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$0.3578
$0.3882
$5.8500
+0.88%
-2.96%
+12.53%
$226.04M
$48,789
601,563,774
100,000,000
About SXP
How can I buy Solar (SXP)?
What Is Solar (SXP) Crypto?
Solar is a Layer-1 blockchain that provides a more scalable environment for developers to launch new projects without high fees. The Solar blockchain uses a Delegated Proof of Stake (DPoS) consensus model and is secured by 53 elected block producers who validate transactions and produce new blocks.
The Solar Blockchain has an 8-second block time, making it one of the industry’s fastest and most secure blockchains. It is governed by a DAO (Decentralized Autonomous Organization).
The Solar Blockchain Foundation is a non-profit organization established in Estonia that focuses on creating an open-source blockchain ecosystem with community involvement and enterprise-grade applications. It provides various features and tools to level up with such applications.
SXP is the native token of the Solar blockchain and is used for transactions within the network. SXP holders can also exercise voting power to select new delegates and pass new proposals that shape the evolution of the network.
How Does Solar Blockchain Work?
The Solar Blockchain uses the Delegated Proof of Stake consensus mechanism, which was forked from ARK Core. In the DPoS mechanism, block validation is carried out by a limited number of pre-selected block producers, which in the case of the Solar Network, are 53 block producers.
To maintain the security and integrity of the network, validators on the Solar Network stake their SXP tokens to become block producers and validate transactions. Validators are rewarded with SXP for their work, which incentivizes them to act honestly and maintain the network's security.
In addition, the Solar network has a decentralized exchange (DEX) where users can trade SXP coins for other cryptocurrencies or assets. The DEX is operated by an automated market maker (AMM) algorithm, ensuring the market remains liquid and trades can be executed quickly and efficiently.
The AMM algorithm automatically adjusts the price of SXP based on market demand, allowing traders to buy and sell assets at fair market prices. The DEX also gives users greater control over their assets, as they don't have to rely on centralized exchanges to trade them.
History and Background of Solar Blockchain and SXP Token
Solar (SXP) was created from the Swipe Network, founded by Joselito Lizarondo. Swipe is headquartered in the Philippines, with branches in the United Kingdom and Estonia. In 2020, Joselito Lizarondo burned 10 million SXP tokens of the founders to show his commitment to the project.
Later that year, in July 2020, Swipe was acquired by Binance in a deal that saw the platform rebranded as Solar. This move gave Solar access to Binance's user base and resources, helping to expand its reach and accelerate its growth.
Solar is supported by the Solar Foundation, a non-profit organization supporting the SXP blockchain and related technologies. Solar's offerings now include a Solar wallet for browsers, desktops, and mobile, a Solar card, and the Solar Swap.
The Solar Card is a debit card that allows users to spend their SXP tokens at any merchant that accepts Visa. The Solar Swap is a decentralized exchange that enables users to trade SXP tokens with other cryptocurrencies and assets.
Solar (SXP) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0099 | -2.65% |
| 7 Days | $0.0404 | 12.53% |
| 30 Days | $-0.1189 | -24.64% |
| 3 Months | $0.0144 | 4.15% |
24H Investment Barometer
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The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
Risk warning：Please note that the Investment Barometer is provided for informational purposes only and is not an investment advice. Investing carries risk. Please make investment decisions cautiously and based on your own judgement.
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FAQ
How much is 1 Solar (SXP) worth?KuCoin provides real-time USD price updates for Solar (SXP). Solar price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time SXP to USD exchange rates.
Is Solar (SXP) a Good Investment?
A unique aspect of Solar (SXP) is its focus on creating a decentralized payment network that can compete with traditional payment systems like Visa and Mastercard. The low transaction fees, fast transaction times, and advanced features such as smart contracts and DeFi functions make the platform a compelling alternative to traditional payment methods.
Another potential advantage of investing in SXP is the platform's focus on security and privacy. The Solar network is designed to resist attacks and manipulations, and the platform has advanced encryption and security features to protect user data and assets.
The partnerships and growing ecosystem of the Solar network could also help increase acceptance and demand for SXP coins in the future. The platform has partnered with several companies and organizations in the blockchain and fintech space, and the team is actively working to bring new users and developers to the platform. All of this could positively influence the price trend of Solar in the future and make the token a good investment.
What Is Solar (SXP) Price Prediction?
Several factors could have a positive impact on the price prediction of SXP. One crucial factor is the Solar network’s acceptance and its ecosystem’s growth. If more users and developers use the platform and demand for SXP tokens increases, the SXP price could rise.
Another factor is the development of new use cases and applications for SXP. The focus of the Solar network on smart contracts and DeFi capabilities could enable new use cases for SXP, such as decentralized lending and borrowing, which could increase demand for the coin.
Finally, general market conditions and trends in the cryptocurrency space could also impact the SXP price prediction. Positive market sentiment and increased demand for cryptocurrencies could lead to higher prices for SXP/USDT and other digital assets.
What Are Solar Crypto’s Tokenomics?
SXP has a total supply of 1 billion coins, with a circulating supply of approximately 288 million tokens (as of May 2023). The coin has a maximum supply of 2 billion tokens.
SXP tokens incentivize and reward validators who maintain the network and process transactions. Validators receive some of the transaction fees and block rewards in SXP tokens.
Additionally, SXP tokens are used for platform governance. Coin holders can vote on proposals and changes to the platform, and their voting power is proportional to the number of coins they hold.
How to Stake SXP on Solar
You can use the Solar Desktop Wallet to participate in staking your SXP on the Solar mainnet. The SXP rewards are distributed to delegators that participate in the voting process. Here’s how staking SXP on Solar works:
1. Download and configure an account on the Solar Desktop Wallet.
2. Fund your Solar wallet by buying SXP on KuCoin or other supported platforms and withdrawing your tokens to your wallet.
3. Check the available delegates, review their offerings, and select one you can delegate your SXP.
4. Enter the number of SXP tokens you want to stake via delegation and approve the transaction.
5. Sit back, earn rewards via payouts, and grow your holdings by staking $SXP on Solar Wallet.
Who Are Solar Blockchain’s Partners?
The Solar Network has partnered with many companies and organizations in the blockchain and fintech space. Notable partners include BitMax, a leading cryptocurrency exchange, and Block.one, the company behind the EOS blockchain.
In addition, the platform has partnered with several projects and protocols, including ChangeNOW & NOWPayments, to provide users with access to advanced features on the Solar network.
What is the all-time high price of Solar (SXP)?
The all-time high price of Solar (SXP) is $5.8500. The current price of SXP is down 0.94% from its all-time high.
What is the all-time low price of Solar (SXP)?
The all-time low price of Solar (SXP) is $0.1610. The current price of SXP is up 1.26% from its all-time low.
How much Solar (SXP) is there in circulation?
As of 4 25, 2024, there is currently 601,563,774 SXP in circulation. SXP has a maximum supply of 100,000,000.
What is the market cap of Solar (SXP)?
The current market cap of SXP is $226.04M. It is calculated by multiplying the current supply of SXP by its real-time market price of $226.04M.
How do I store Solar (SXP)?
You can securely store your Solar in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your SXP include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Bitcoin (BTC) to cash?
You can instantly exchange your Bitcoin (BTC) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BTC to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.
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2024-04-25 08:36:52 (UTC+8)
24h Volume2,064,145,965USDT