Swipe (SXP) Research and Information For KuCoin Users

KuCoin Lists Swipe

Dear KuCoin Users,

KuCoin is extremely proud to announce yet another great project coming to our trading platform. Swipe (SXP) is now available on KuCoin. Supported trading pairs include SXP/BTC and SXP/USDT.

Please take note of the following schedule:

Deposits Effective Immediately

Trading: 18:00 on September 25, 2019 (UTC+8)

Withdrawal: 22:00 on September 25, 2019 (UTC+8)

Swipe Links

Official Website

Medium

Twitter 

GitHub

 

Swipe Summary

 

Swipe is a digital application that offers a Multi-Asset Block and Swipe Oracle, which will provide real-time market data, prices, and liquidity. The company aims to bring crypto to commerce and standard banking. It intends to make paying with crypto easier by providing users with the means to use crypto from anywhere in the world. Also, the wallet infrastructure will host multiple blockchain systems, tied to a traditional debit card. 

The platform is built on top of the Ethereum network, utilizing the smart contract functionality and the ERC20 type standard. The SXP token has utility purposes inside the ecosystem and is used as a gas or for discounts on fees, obtaining higher tier debit cards (by staking 300,000 SXP tokens for 3 months), and paying for gift cards.  The team is relatively small and comprised mainly of mobile and blockchain developers. However, they seem capable of achieving their goals. 

 

Whitepaper & Documentation

 

Business Plan

The whitepaper focuses mostly on the project's business presentation and platform usage. Overall, the team has made an excellent job of stating clearly what Swipe is about. The current problems are described and the solutions are given by Swipe. The revenue model is disclosed, namely generating lower transaction fees than its competitors. 

Legal & Disclaimers Description

The risk section of the whitepaper states that the Terms and Conditions of the SXP Token Sale document are available, where investment, legal and regulatory, market and operational risks can be reviewed. Moreover, a legal disclaimer points out the informative purpose of the whitepaper and that it does not constitute an offer, invitation or any other sale or purchase of shares, securities or any of the assets. Overall, the whole section has plenty of information, covering the most important legal aspects of a crypto sale, such as restriction, procedures, and risks.

Platform and Token Use

Both the platform and token usage are sufficiently described. The use cases of the token are mentioned, in addition to its distribution. However, no information about the ICO is given. The platform's ecosystem is divided into a Swipe Card, Wallet, Liquidity Protocol, Pricing Module, Compliance AI, Banking Layer Platform, and Debit Card Processing System. Each is explained shortly.

Roadmap & Milestones

The roadmap is simple and easy to follow. The milestones are short but straightforward, yet more information about each milestone would be beneficial as, for example, no time period is given. Nevertheless, the roadmap addresses which milestones have been completed and which are currently ongoing. 

 

Team & Advisors

 

Team Background

Joselito Lizarondo – CEO

The Founder & CEO of Swipe has over six years of experience with startups and is responsible for the execution and vision of Swipe to enable millions of users worldwide to have access to cryptocurrencies tied to financial services. He started his entrepreneurship helping grow local business and seeing what it takes to provide world-class customer service and products.

Genji Sakamoto – CTO

Genji has over 20 years of software development and management and is responsible for managing and establishing a development team and executing Swipe's vision for bringing applications to production and ensuring quality for users worldwide. Genji graduated from Tokyo University of Science with a Bachelor's degree in Information Technology. Previous experience includes being a Senior System Developer at Miracle Technologies Inc, Mobile Developer and Blockchain Developer at Mascom Inc. (representing technology products for 25 years) and Top2gether. Former Executive Vice President/BlockChain Development at Aeryus (non-fungible blockchain transactional network). He is currently the Blockchain Director at No Rest Labs (creating a blockchain solution for startups and enterprise).

Zilong Sun – Mobile Director

Zilong has over 12 years of experience in mobile development, specifically native iOS & native Android applications. Sun is responsible for managing the mobile team to develop the Swipe Wallet connected to the Swipe Card on iOS and Android, alongside building future features and functions. Sun graduated from Tianjin University of Technology with a Bachelor's degree in Computer Science. He has also worked for Aimedis.

Chunzuo Wang – Blockchain Director

Chunzuo has over 9 years of full-stack senior development experience, bringing a high level of skills to blockchain applications. Chunzuo is responsible for developing the Swipe Oracle and its backend connected systems to ensure all of Swipe's services and features are aligned with its mission and vision. Chunzuo has finished Eastern Liaoning University with a Bachelor's degree in Computer Science. He has a background as a Project Manager & Web Engineer at Softline, Mobile developer and Blockchain developer for Imperial Capital LLC. and WeTrust Platform.

Bing Liu – Blockchain Director

Bing is said to have over 10 years of full-stack senior development experience and is responsible for developing the Swipe Oracle. He has worked as a System Administrator, currently as a Senior DevOps Engineer at Aimedis and No Rest Labs, and the Director/Blockchain Services at Aeryus. Bing has graduated from the Northeastern University China with a Bachelor's degree in Computer Software Engineering.

Team Skills & Experience

The team is small, comprised mostly of developers with experience in the mobile and blockchain industry. Members have previously worked together with most of them occupying senior managerial positions. Lastly, all have more than 10 years of working experience.

Advisors Background, Experience and Feedback

There is no information about the participation of any advisors.

 

Project Potential

 

Private Investors, Venture Capitals, Incubators

No private investors or VC have contributed to the project.

Partnerships

No partners have been announced yet.

Speed of Selling Out

The token sale information is limited, and details are not disclosed.

Airdrops

There have been no airdrops.

Talk on Project

The overall sentiment looks promising but there is not much discussion about Swipe.

 

Technology & Development 

 

Type of Project

Swipe is a digital application that offers a Multi-Asset Blockchain Wallet, which allows users to store assets securely. Additionally, Swipe Oracle will be available in the future and will be a proprietary system designed by Swipe to provide real-time market data, prices, and liquidity. The Oracle will include Swipe Card, Wallet, Liquidity Protocol, Pricing Module, Compliance AI, Banking Layer Platform, and Debit Card Processing System.

Product Development Progress

The team has said that its platform is in the MVP stage.

Blockchain Technology Usage and Innovation

Swipe's system utilizes the Ethereum network and its smart contracts functionality to lock and stake tokens. It also uses Compliance Artificial Intelligence (CAI) to automate the KYC procedure and detect frauds. The Swipe Wallet itself will be integrating/operating with PCI Level 1 DSS certification and maintaining AES-256 encryption.

Dependencies to Third Party Platform or Service

The project is built on top of the Ethereum network and is dependent on it.

Decentralization of the System

There is not enough technical information available to determine the decentralization level of the platform.

System Security Measures

The smart contract has passed a security audit conducted by CertiK, which found only one small issue – outdated Compiler Version. Swipe is encrypted and maintains PCI Level 1 DSS Certification (standards governing online payments). All user funds are stored in cold storage, which eliminates the possibility of online attacks.

We sincerely appreciate your support and understanding, we hope this information proves useful to all users and potential investors.

Regards,

The KuCoin Team

Risk Warning: The cryptocurrency market is available worldwide 24/7 for trading with no market opening or closing times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin screens all tokens before they come to the market; however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for user’s investment gains or losses. The information we provide is for users to conduct their own research. It is not investment advice.

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