Solar (SXP), previously known as Swipe, is a comprehensive cryptocurrency payment and wallet platform that enables users to spend digital assets at merchants worldwide through debit cards, mobile payments, and integrated
DeFi services. Acquired and rebranded by the Solar Foundation in 2021, it supports multi-chain operations across
Ethereum, BNB Chain, and Solana, offering features like crypto-to-fiat conversions,
staking for rewards, and lending modules. The SXP token facilitates governance voting, staking for cashback and fee reductions, and ecosystem incentives, with audited
smart contracts ensuring secure transactions in a platform designed to bridge traditional finance and cryptocurrency for everyday use.
When Did Solar Launch?
Solar originated as Swipe in 2019 with its SXP token
ICO, focusing on crypto debit cards and payments. The project was acquired and rebranded to Solar in 2021 to expand multi-chain capabilities and DeFi integrations. Key milestones include the 2023 rollout of enhanced staking programs, 2024 partnerships for broader merchant acceptance, and 2025 updates for mobile wallet improvements and regulatory compliance features, maintaining steady user growth and transaction volume by December 2025.
What Are the Key Features of Solar?
Solar provides crypto debit cards for real-world spending with cashback rewards, multi-chain wallet support for seamless asset management, staking programs offering competitive yields and governance influence, lending and borrowing modules for DeFi exposure, audited security across payment gateways, and governance mechanisms for community proposals on partnerships and upgrades, all in a user-friendly ecosystem bridging cryptocurrency with traditional payment networks.
What Is SXP Used For?
SXP is used for staking to earn cashback rewards and governance voting rights, paying discounted fees for card transactions and swaps, participating in liquidity pools for additional yields, voting on platform development proposals, and accessing premium features like higher spending limits or priority support.
What Is the SXP Token Utility?
SXP secures staking for reward distribution and governance participation, powers fee discounts on payment and trading services, captures value from transaction volumes allocated to stakers, incentivizes long-term holding through cashback multipliers, and funds treasury initiatives for merchant partnerships and ecosystem expansions.
What Blockchain Does Solar Operate On?
Solar is multi-chain with core functionality on Ethereum for security and BNB Chain for low-cost transactions, supporting Solana for high-speed operations and
interoperability through bridges.
What Are SXP Tokenomics?
SXP features inflationary rewards for staking with approximately 300 million tokens in circulation as of December 2025. Allocation includes staking incentives, treasury reserves, team vesting,
liquidity provision, and marketing funds, with deflationary elements from potential fee burns to balance emissions.
How To Securely Store SXP
SXP works with the most popular crypto wallets that support EVM-based assets. The easiest way to engage with SXP is through
BingX Spot Market where users can buy, sell, and hold tokens securely without managing private keys or additional wallet setups. This approach offers exchange-level security, a custodial wallet service, and instant trading access, making it convenient for new and experienced users alike. This token is also compatible with leading self-custody wallets such as
MetaMask and
Trust Wallet along with other major EVM-compatible wallets and hardware options like
Ledger. These wallets give users full control over their private keys and allow direct participation in decentralized applications, platform features, staking, governance, and cross-network transactions within the Solar ecosystem. By adding the Ethereum network and importing the SXP token using its contract address, users can enjoy secure and seamless access to all platform utilities and rewards.
Is SXP a Good Investment?
Solar facilitates crypto payments and cards with inflationary staking rewards. As of December 2025, ~300 million circulating supports low-cap valuation with cashback features, benefiting from payment adoption, though faces competition from established cards. Audited multi-chain offers security; low-cap payment token for diversified holdings with independent research recommended.