Market Data & Token Stats
| Fully Diluted Valuation | $813,299 |
|---|---|
| 24H Trading Volume | $68,341 |
| 24H Low / High | $0.001175 / $0.001315 |
| Circulating Supply | 673.39M |
| Total Supply | 673.39M |
| Max Supply | ∞ |
Market Health Signals
| Vol / MC Ratio | 8.40% Fair |
|---|---|
| Circulating Ratio | 100.00% Very High |
Key Project Information
| Categories | Alameda Research Portfolio 4 more |
|---|---|
| Founder | Joselito Lizarondo |
| Website | solar.org Whitepaper |
| Socials | 4 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Arkm 6 more |
| Contracts |
0x8ce....9b6a9
2 more
|
OGAudit Security Evaluation & Social Audit Metrics
OGAudit Coin Evaluation Metrics
Solar (sxp) Expert User Reviews
Is Solar safe or a scam? Read verified Crypto OG reviews about Solar
$sxp Markets
| Name | Pair | OG Score |
|---|
About Solar
In the ever-evolving landscape of blockchain technology, Solar (SXP) emerges as a decentralized blockchain platform with a mission to provide sustainable, clean energy solutions to remote areas. Founded in 2018 by Joselito Lizarondo and Nayiem Willems, Solar stands out as an enterprise-level ecosystem powered by open-source developers and community participation.
At the heart of Solar is its native utility token, SXP, which plays a pivotal role in securing the network and facilitating transactions. SXP holders can stake their tokens to help secure the network, earning rewards in return. This mechanism aligns with Solar's commitment to transparency and a decentralized governance ecosystem, allowing users to propose and vote on changes to the protocol.
The Solar blockchain operates on the Solar Core, a Layer-1 Blockchain Framework, utilizing the Delegated Proof-of-Stake Consensus (DPoS). The network is safeguarded by 53 delegates, chosen by the community through a voting process. This unique approach enhances security by combining Proof-of-Stake (PoS) consensus, multi-signature wallets, smart contracts and a decentralized architecture.
In addition to its robust security measures, Solar distinguishes itself by offering a platform for developers to build decentralized applications (DApps). Leveraging features such as smart contracts and decentralized storage provided by Solar Core, developers have access to a rich array of tools and resources.
The acquisition of Swipe (SXP) by Binance in December 2021 marked a significant milestone for Solar, leading to the establishment of the Solar Blockchain Foundation in Estonia. The foundation's primary focus is to foster a blockchain ecosystem involving open-source developers and a thriving community.
As of the latest update, there are 556,386,099.063 SXP tokens in circulation, with several cryptocurrency exchanges, including Binance, KuCoin, Bithumb, Bitstamp, Bittrex, Huobi, ProBit Global and Gate.io, providing a platform for users to buy and trade SXP.
Solar's potential use cases extend beyond the realm of blockchain, as it aims to provide sustainable, clean energy solutions to remote areas. The platform's commitment to renewable energy aligns with its founders' initial vision, making Solar a unique player in the blockchain space.
In conclusion, Solar (SXP) stands as a beacon in the blockchain industry, combining cutting-edge technology with a mission-driven approach to bring about positive change. With a focus on transparency, sustainability and community engagement, Solar is poised to make a lasting impact on both the blockchain and clean energy sectors.
What is unique about Solar (SXP)?
Solar (SXP) stands out for being an enterprise-level blockchain ecosystem focused on sustainable energy solutions. Utilizing a Delegated Proof-of-Stake (DPoS) consensus model, Solar offers transparent governance, staking opportunities and a feature-rich platform for decentralized application (DApp) development.
Who are the founders of Solar (SXP)?
Joselito Lizarondo and Nayiem Willems founded Solar Network in 2018 with a mission to provide clean energy solutions to remote areas through blockchain technology. They previously launched Swipechain and have been instrumental in building Solar with a commitment to sustainability.
Who are the backers/investors of Solar (SXP)?
Binance Labs is a key supporter of Solar, having acquired the remaining outstanding shares of Swipe (SXP) in December 2021. The backing from Binance Labs contributes to the development of Solar's blockchain ecosystem involving open-source developers and a thriving community.
What is the consensus mechanism of Solar (SXP)?
Solar's network security is ensured through a combination of Proof-of-Stake (PoS) consensus, multi-signature wallets, smart contracts and a decentralized architecture. The PoS mechanism selects validators based on their stake in the network and a bug bounty program is in place to address potential vulnerabilities, enhancing overall security.
Where can I buy Solar (SXP)?
You can buy Solar (SXP) on Gate.io, MEXC, KuCoin, HTX, CoinDCX cryptocurrency exchanges.
Information in this section carefully collected and curated from publicly available data from official sources, including the Solar Official Website, Solar Whitepaper, Solar GitHub Repository and Solar X (Twitter) Account.
The information presented on this page is created and published by the OGAudit Editorial Team for educational and informational purposes. It should NOT be construed as an endorsement, or as legal, or investment advice. If you believe any content on this page is outdated or incorrect, please feel free to contact us for updates and corrections.
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