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The month of July has been very busy but productive for the Swipe team. With the recent partnerships, announcements, and launches that were revealed, Swipe has indeed trying its best to achieve its mission of mainstreaming cryptocurrencies worldwide.
Swipe & Binance Seal Partnership
Swipe and Binance users got the exciting news that they have been waiting as the two companies simultaneously announced on July 7, its partnership through an acquisition move of Binance.
Binance, one of the world’s largest digital asset exchange, completed its acquisition of Swipe for an undisclosed amount. The acquisition aims to further mainstream the adoption of cryptocurrencies by bridging the gap between fiat and digital assets.
In line with this partnership, Swipe has also announced the integration of Binance Coin ($BNB) and Binance USD ($BUSD) on the Swipe Wallet application. Swipe users can now buy and sell crypto with their linked debit or credit cards, spend it to fiat via Swipe Visa Card and swap it instantly with other coins available on the app.
Also, Swipe’s native token $SXP is now listed on Binance Korea and Binance, with SXP/USDT perpetual contract with up to 50x leverage for all professional traders on the Binance platform.
Swipe Wallet v 1.5 Update
Swipe’s recent application update now lets users of choose from eight different languages such as English, Spanish, Italian, French, Portuguese, Chinese, Korean, and Japanese to use on their app. This will help users who are native speakers of these languages to transact within the app more effectively.
Download the updated app today: http://sw.pe/App
Swipe Card Rewards
Swipe Visa Card users will now have the choice to get up to 4% cashback in either Bitcoin ($BTC), Swipe Token ($SXP), or Binance Coin ($BNB) on every purchase at over 60 million merchants worldwide that accepts Visa.
European and the United Kingdom users can order their Swipe Visa cards their cards here: https://www.swipe.io/cards/
Swipe Slate Card Update
Swipe users who are interested to upgrade their current Swipe Saffron Cards to Swipe Slate cards can now do so with a lowered $SXP six-month stake requirement of 30,000 SXP!
This lowers the cost of entry for our black card by 10x from the initial 300,000 $SXP staking requirement.
Swipe x FTX
Swipe’s native token $SXP is now listed on FTX exchange. Users can now trade futures, spots, and leverage markets on FTX’s website. As $SXP markets are now live on FTX, both companies launched two events on the FTX platform to encourage users to start trading $SXP.
The first event, Buy/Deposit SXP and Split a 40,000 USD Prize Pool, was held from July 17 to 31. $20,000 prize was divided to users who net buy more than 100 SXP, and also another $20,000 to those who net deposit more than $100 or 100 SXP of accepted collateral into the FTX during the event.
The second event, which is the SXP Tokens Trading Competition, has a total prize of 15,000 USD. Participants who will trade more than $200 worth of SXP products will split the prize pool of a maximum of 10,000 USD. The event is still ongoing and will run until August 17. More details are available on https://ftx.com/competitions/swipe
SXP is now listed on Poloniex
$SXP is now listed on cryptocurrency exchange Poloniex. SXP wallets are now open at Poloniex, and users can now begin depositing SXP and trading SXP/BTC, SXP/TRX, and SXP/USDT.
Swipe and Poloniex also both gave away 1,500 worth of $SXP to the first 100 depositors of 200 $SXP at Poloniex.com. Prizes will be deposited within two weeks of the trading competition, which ended last July 24.
Swipe and Elrond Partnership
Swipe recently integrated Elrond Network’s $ERD on its platform. This will make the $ERD token directly available for onboarding to more than 500,000 new users.
$ERD will be spendable via Swipe Wallet and its Visa debit cards, at millions of locations worldwide where Visa is accepted and as well as through services such as Google Pay, Apple Pay & Samsung Pay.
In relation to this newly sealed partnership, it announced a promotional event that lets Swipe users get up to 5% $ERD cashback in ERD on net buys. The event which happened for five days, from July 27 to August 1, gave away up to $100 cashback in ERD per KYC user who help 1 to 1000 $SXP during the event period.
Swipe x Compound
Compound’s governance token $COMP is now integrated on the Swipe Wallet platform. Users can now begin to now buy and sell $COMP with their linked debit or credit cards, spend it to fiat via Swipe Visa Card, and swap it instantly with other coins available on the app.
Swipe Partners with Travala.com
Travala.com, a leading blockchain-based travel booking service, has sealed a notable partnership with Swipe by adding $AVA to the Swipe platform. In addition to its integration on the platform, which will help $AVA users to convert, spend and buy it easily using the mobile application, Swipe Token ($SXP) is now added on Travala.com’s list of preferred payment option at over 2 million hotels and accommodations around the world.
Share your Swipe Visa Card and Win!
Swipe will select 3 lucky participants who will win 500 SXP by simply sharing a photo or video of your actual Swipe Card in action on Facebook, Twitter, Instagram, Reddit, or LinkedIn.
Users must tag their posts with the #GotSwipe hashtag, follow @SwipeWallet on Twitter, or @Swipe on Instagram, Facebook, and LinkedIn.
Three lucky winners in each platform will be selected by the team!
Swipe Launches Staking and DeFi
Swipe is proud to announce that it has launched its test network for Swipe Network Staking with up to 12% APY staking rewards and its plans to launch a Decentralized Finance Lending or Earn application on Binance Smart Chain with Swipe Governance.
With the launch of the Swipe Network testnet, users can use the Swipe Faucet to grab testnet-SXP to use on the decentralized finance application. Users will be able to bond SXP to the Swipe Network smart contract as collateral to ensure the guarantee of conversions for these exchanges.
Meanwhile, Swipe plans to launch a DeFi App on Binance Chain called SwipeFi, which will enable Binance Chain tokens to be used to earn interest on their supply of collateral to the protocol and borrow against their collateral directly on the Binance blockchain. Swipe has been working with the core developers of Binance Smart Chain through the acquisition and partnerships between Swipe and Binance, to launch SwipeFi.
SwipeFi will initially support BTC, BNB, ETH, BUSD, TUSD, and SXP to supply or borrow. The protocol will be governed by a new Binance Chain BEP2 token: Swipe Governance Token (SGV).
Click the LINK to get further information about the Network Staking and DeFi.
40 More Winners on Twitter Giveaway
Forty more winners, who will simply follow Swipe and its Chief Executive Officer Joselito Lizarondo on Twitter, like the contest tweet, and retweet and tag three friends, will get a chance to win $100 BTC each. Ten winners will be announced every week on Swipe’s Twitter page.
Stay up-to-date with all the latest news from Swipe
Telegram: https://t.me/SwipeWallet & https://t.me/Swipe
The maximum leverage we personally have came across is 50:1, provided by the Bitcoin exchange 796 and AvaTrade. While it is true that high leverage yields high returns, the same is applicable in the case of losses as well. For instance, if you hold the capital worth $1 and borrow $50 leverage to trade on the Bitcoin market, with 1 pip being 1/100 of a penny, then a move towards favorable ... AvaTrade’s Review Summary. AvaTrade is an established Forex broker, which has a fully equipped website. The excellent customer support, choice of trading platforms, availability of Ava debit card and complete transparency in trading are some of the biggest advantages and a 5-day withdrawal time is the only disadvantage associated with this broker. Trading Bitcoin with Leverage via a crypto exchange. The first option is to trade bitcoin through one of the crypto exchanges. We recommend Binance or Bitmex. Binance is the largest crypto exchange in the world and is much easier to use (relatively) than other crypto exchanges. Binance also provides a wider range of crypto pairs and a leverage ratio of 1:20 for bitcoin trading. Click here to ... Please note: Residents and citizens of the USA are not allowed to use the online broker platforms listed below due to US law. CFD / Derivatives trading with leverage is strictly forbidden in the USA and for holders of US passports. However, it is allowed to directly buy and sell Bitcoin and other cryptocurrencies in the form of normal spot market trades, where you actually buy and sell the ... With a 200:1 leverage offered by AvaTrade, or a 0.50% margin, the amount will decrease substantially. Meaning that for every $200 of worth in the position, the trader will need to invest $1 out of his account, which comes to $66.35 only. Keep in mind that due to ESMA regulations, AvaTrade must cap the available leverage for each type of instrument at a given level. This is 30:1 for major currency pairs; 20:1 for gold, major indices, and non-major currency pairs; 10:1 for non-major equity indices and non-gold commodities; 5:1 for individual equities as well as other reference values; and 2:1 for cryptocurrencies. Various CFD ... Bitcoin Leverage Trading: So you want to start trading bitcoin using leverage? You want to trade $10,000 worth of Bitcoin using only $100 of your own money with the hope of Bitcoin doubling in price overnight leaving you around $9850 in profit? Ok then, here you will find a list of exchanges offering up to 125x leverage. Binance will list Travala (AVA) and open trading for AVA/BNB, AVA/BTC and AVA/BUSD trading pairs at 2020/08/05 3:00 PM (UTC). Users can now start depositing AVA in preparation for trading. Please ensure that you undertake sufficient risk assessment when trading newly listed tokens, as they are often subject to high price volatility. With a looming economic and markets crash, there are a lot of cheap gems that can be bought on exchanges worldwide. Broker platforms like eToro and AvaTrade are a great gateway into the world of trading for small investors who want to wet their feet in the lucrative world of forex, cryptocurrency, indices, ETFs and other asset trading.. For all our comparisons, this included, we take a look at ... Binance Futures will launch a ADA/USD coin-margined perpetual contract, with trading opening at 2020/08/26 7:00 AM (UTC). The ADA/USD coin-margined perpetual contract is a futures contract that uses ADA as collateral. Users will be able to select between 1-75x leverage.
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