$SXP burned 17% of total supply

[Em00n01]

$SXP founder Joselito confirmed that they just burned $200 million worth of $SXP (17% of total supply)!

Do you think it's the Next #XVS?
Cz_Binance is also a investor and big fan of $SXP

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[jerrison]

The burn is a good structure in terms of driving scarcity and price appreciation according economics and it sstudy bordering around finance. The price of SXP has been appreciating in drastically, although i did not invest in it but I thought of having it in my bag in a  short while from now. thanks for the update.

[ashmodeus]

well , i miss that news, and so far by this time SXP has pumped almost 25% , eventhough we know this time most of altcoin getting pumped too , but burning 17% from total supply is a huge amount, hope @cz burn bnb like that too 

[Dump3er]

$SXP founder Joselito confirmed that they just burned $200 million worth of $SXP (17% of total supply)!

Do you think it's the Next #XVS?
Cz_Binance is also a investor and big fan of $SXP

That's a strong statement and bolsters trust in the project. He did what he once promised and those involved can be sure there won't be any shenanigans with that part of the coin supply. Nice move and it showed effect already!

[newwest]

The burn is a good structure in terms of driving scarcity and price appreciation according economics and it sstudy bordering around finance. The price of SXP has been appreciating in drastically, although i did not invest in it but I thought of having it in my bag in a  short while from now. thanks for the update.

Nice to read this was unaware some thing like the SXP has done in recent times. Also those who had BNB coin in their wallets in Binance they got some free coins in past. So good if those still continue to hold or some bought even more will see more appreciation in their value in coming months.

[rhomelmabini]

Not to speculate on it too much but I think that's a very bullish news for Swipe. I am thinking this is just the beginning of it's bull run and I'll just keep an eye as I'm not trading the breakout, I'm waiting for it to down a little bit then that's where I would jump.

[Coin_trader]

Actually, Swipe is already burning tokens from profit of there visa card. This is just the largest token burning if you read more the article. I'm an SXP investor after they release there card and I'm very bullish about there tokenomic since the founder goal is to drive the token price up through continuous burning using transaction fee profit. I appreciate there effort and dedication for the value of there token.

[naira]

Not to speculate on it too much but I think that's a very bullish news for Swipe. I am thinking this is just the beginning of it's bull run and I'll just keep an eye as I'm not trading the breakout, I'm waiting for it to down a little bit then that's where I would jump.

waiting for the retest to be confirmed would be better, or using averaging techniques to avoid falling behind the bullrun cart. maybe lucky for me to have some sxp in my wallet, it looks like i will sell them at the end of this year, because i am typical long term investor on some coins

[elda34b]

I'm very bullish about there tokenomic since the founder goal is to drive the token price up through continuous burning using transaction fee profit.

You mean their profit is more than $200 million already? Or they're just burning their own token which they control from the beginning while keeping the profits? If they burn their own token, it means there's little to no cost in the burning process.

[lobo13hf]

That news was making the price of SXP surges a little bit https://coinmarketcap.com/currencies/swipe/

This coin will become the next XVS. I see that joselito was explaining all of the reasons why he was burning 17% of total supply.

Swipe is potentially to go to the two digits consider this project is following binance's roadmap to make the final total supply will be around 100 million.
I can imagine when there will be only 100m swipe.

Two digits will be real.

[Em00n01]

That news was making the price of SXP surges a little bit https://coinmarketcap.com/currencies/swipe/

This coin will become the next XVS. I see that joselito was explaining all of the reasons why he was burning 17% of total supply.

Swipe is potentially to go to the two digits consider this project is following binance's roadmap to make the final total supply will be around 100 million.
I can imagine when there will be only 100m swipe.

Two digits will be real.

I am also bulish on this. They are also burning token from profit. It seems to be the founder is doing whatever he can to surge the price to two digit  . Luckily, bought some during the last dip.

[tabas]

It goes the strategy that there will be more of burning from different projects because they see it as a good activity to increase the coins value and liquidity.
I've seen SXP and there are a lot of talks about it before. Good luck to the swipe holders.

[tippytoes]

It goes the strategy that there will be more of burning from different projects because they see it as a good activity to increase the coins value and liquidity.
I've seen SXP and there are a lot of talks about it before. Good luck to the swipe holders.

Aside from burning some of their supply, the best way to further increase its value is also being aggressive with their development updates. Also, reach out as many users as they can to use their app. Right now, the number of installs from google play is just 100k+. I believe they can do better than this number. Though I don't know how many users are already using from app store.

By the way, checking the reviews from google play, seems their customer service is not doing a great job to cater its users. Maybe, they need to add more staffs to address issues from their customers.

[shinratensei_]

By the way, checking the reviews from google play, seems their customer service is not doing a great job to cater its users. Maybe, they need to add more staffs to address issues from their customers.

This must be the main concern that shall be solved as soon as possible i have ever used the app and i have never faced the same problem with those people. It's very difficult to get a response regarding our problem.
The support totally useless and it needs to be restructured again.
That makes sense if the app didn't get a high rating. There must be huge improvements on its app and CS.

[concept2]

This is a bullish news for sxp and investors must be joy with this annoucement. Still, many improvements needs to be made for the apps because I see so many 1-star rating with the low number of installing

[kevinzxz]

this is a good news for SXP investors, because with SXP burning 17% of the total supply, then of course this can make the price of SXP increase, because the supply from SXP will be less than before and if the demand from SXP increases or the current equivalent, then of course the price of SXP will definitely increase and provide a big profit for SXP investors.

[BitcoinPanther]

So this is one of the reason why there is a current increase in daily trading volume and at the same time the price surges almost 100x this past 7 days.  This kind of strategy is very effective in a established project.  It seems SXP is doing good giving out one good update to another good update.  I think it isn't far to see this token breaking its $10 barrier if the good news keeps coming.

[Taufik blackspade team]

The burn is a good structure in terms of driving scarcity and price appreciation according economics and it sstudy bordering around finance. The price of SXP has been appreciating in drastically, although i did not invest in it but I thought of having it in my bag in a  short while from now. thanks for the update.

Reduction in stock by combustion is also done by other coins as one effective way to raise prices on the market, SXP seems like this time doing the same thing and they successfully benefit with the increase in SXP prices drastically which has reached $ 5

[wack slacker]

There are a lot of people predicting SXP will hit $ 10 in the near future and that is coming true. SXP is a project with a regular number of token burns for which I am special. With the current high trading volume and the possibility of rebounding after every decline in SXP is worth keeping for a long time.

[susuberuang]

This is a very appropriate step for sxp, because burning this coin is an effective way to increase the price of sxp in the future, this reduction in supply is also often done by other well-known altcoins such as BNB so that the price increases, I think this is an opportunity to buy  SXP because the price is still affordable