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Bitvavo will support the Swipe (SXP) Mainnet Swap & rebranding to Solar (SXP)

May 15, 2023 3 min read
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How does it work?

  • Bitvavo will handle the swap of your SXP balance on your behalf, on a 1:1 ratio. You don't need to take any action.

  • Starting from May 31st at 12:00 CEST, deposits and withdrawals of ERC20 Swipe (SXP) tokens will no longer be supported.

  • Deposits and withdrawals via Solar mainnet are planned to be supported at a later point in the future. Holders of SXP will receive a notification when deposits and withdrawals are available.

  • The trading of SXP will not be affected during the mainnet swap and will continue uninterrupted.

What is Solar?

Solar is a community-driven cryptocurrency project and operates on a secure and reliable layer-1 blockchain framework. Its native coin, SXP, is designed to be fast, efficient, and fully decentralised. Solar's primary objective is to establish an ecosystem with robust governance that benefits individuals worldwide. It employs a Delegated Proof of Stake consensus model, which involves 53 elected block producers responsible for generating blocks and validating transactions, ensuring the network's security.

If you have any questions regarding this swap, please contact our support team at [email protected].

[Dutch] Op 31 mei om 12:00 CEST, ondersteunt Bitvavo de swap van SXP ERC-20 tokens naar Mainnet Solar munten. Hieronder lees je wat dit betekent voor gebruikers van SXP.

Hoe werkt het?

  • Bitvavo swapt jouw SXP saldo in een verhouding van 1:1. Je hoeft dus zelf geen actie te ondernemen.

  • Vanaf 31 mei om 12:00 CEST worden stortingen en opnames van ERC20 Swipe (SXP) tokens niet meer ondersteund.

  • Stortingen en opnames via het Solar mainnet worden op een later tijdstip ondersteund. Houders van SXP ontvangen een melding wanneer stortingen en opnames beschikbaar zijn.

  • Handel in SXP wordt niet beïnvloed tijdens de mainnet-swap en gaat gewoon door.

Wat is Solar?

Solar is een crypto project van de community en zorgt voor een veilig en betrouwbaar layer-1 blockchain framework. De eigen munt (SXP) is ontworpen om snel, efficiënt en volledig gedecentraliseerd te zijn. Het primaire doel van Solar is om een ecosysteem te bouwen met governance dat individuen over de hele wereld ten goede komt. Het maakt gebruik van een gedelegeerd Proof of Stake consensusmodel, waarbij 53 gekozen blok producers verantwoordelijk zijn voor het genereren van blokken en het valideren van transacties. Dit waarborgt de veiligheid van het netwerk.

Als je vragen hebt over deze swap, neem dan contact op met ons supportteam via [email protected].

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