Buy Solar (SXP)
What is Solar?
Solar (SXP) is a fast, efficient, and open-source blockchain network designed to facilitate decentralised payments, managed by a decentralised autonomous organisation (DAO). It utilises a Delegated Proof of Stake (DPoS) consensus mechanism to secure and validate blocks.
How does Solar work?
Solar operates on a Delegated Proof of Stake (DPoS) consensus mechanism, involving 53 block producers who validate transactions and secure the network. This system allows for fast block times of 8 seconds. Users can stake SXP tokens to participate in network governance, vote for block producers, and potentially earn rewards. The network's open-source nature and DAO governance encourage community-driven decision-making and transparency.
What are the potential use cases for Solar?
- Payments and Transactions: SXP enables rapid and secure transactions, making it ideal for everyday payments.
- Token Creation and Management: Users can issue and manage tokens on the Solar blockchain.
- Metaverse and Gaming: The network supports projects like District 53, a metaverse where users can trade resources and earn SXP.
- Staking and Voting: SXP holders can participate in network governance and earn staking rewards.
- Third-Party Services: Integration with services for paying with SXP.
- Launchpad and Funding: Support for funding projects via the Solar launchpad.
What is the history of Solar?
- Founding Team: Nayiem Willems and Joselito Lizarondo, who originally started with the Swipe project.
- Background: Initially launched as Swipe in 2018, it evolved after a $12 million ICO in 2019 and a Binance acquisition.
- Significant Milestones: Solar launched as a community-driven project in July 2020 and debuted its mainnet in March 2022.
- Major Updates: Transition from Swipe to Solar, Adoption of the DPoS consensus mechanism.
- Evolution: Solar has grown to include an open-source network for developers, community governance through a DAO, and expanded market presence through various partnerships and exchange listings.
Related Assets
Learn More About Solar
Frequently Asked Questions (FAQs)
What is the current price of Solar (SXP)?
The Solar price is $0.49511096 AUD, representing a -4.8% from the day prior.
Where is the best place to buy Solar (SXP) in Australia?
The best place to buy Solar (SXP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Solar (SXP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Solar (SXP)?
The trading volume of Solar (SXP) is $30.4M AUD in the last 24hrs, representing a -4.8% from the day prior.
How can I buy Solar (SXP)?
Solar (SXP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Solar (SXP)?
The current market cap of Solar (SXP) is $309.0M AUD.
Can I convert Solar (SXP) to cash?
Yes - With Coinstash you can convert your Solar (SXP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Solar (SXP) are there?
The current circulating supply of Solar (SXP) is 627.6M.
Is Coinstash a safe place to buy Solar (SXP) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Solar (SXP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.