menuIcon
$ 83,978.9
BTC
$ 83,978.9
5.16 %
$ 1,572.94
ETH
$ 1,572.94
2.80 %
$ 0.6298
ADA
$ 0.6298
4.00 %
$ 588.03
BNB
$ 588.03
2.16 %
$ 121.68
SOL
$ 121.68
7.88 %
Vandana Malik
Aug 14, 2020
by Vandana Malik

Swipe is Launching Ecosystem Rewards Program For Binance Token Holders

Swipe
Swipe, a multi-asset digital wallet, has recently announced the launch of Ethereum Rewards Program worth $16,000,000. This program will be launched for the Bitcoin token holders, as stated by the firm.

This reward program could be seen as a result of a collaboration between Binance and Swipe. It has been mentioned that the firm has announced to give 333,333.33 SXP to the Binance coin holders weekly. Binance will be taking the snapshots of the BNB balances of the users to determine the total amount that they are holding. 

USDX and KAVA has been listed on Swipe wallet

Swipe has also formed a partnership with Kava labs, just to increase the usage of the USDX DeFi Ecosystem. As a result of this partnership, the firm has also listed KAVA and USDX on its wallet. This will allow the users to buy and sell both these tokens through their credit or debit cards. They will be able to spend these tokens on around 60 million merchant stores all over the world.

Through this partnership, a lot of Defi applications will also be onboarded on the Binance Smart Chain. Kava has also launched a lending platform which is supported by BNB. This lending platform will be holding the most significant yield to the Binance coin holders in the market. Swipe has also said that the BNB holders will be able to stake on Kava CDP platform.

Potentials of multiple chains will be increased 

Swipe has mentioned that by introducing USDX, the stablecoin world is going to get great strength. Along with this, the potential of multiple chains will also be increased. The firm is also planning to introduce USDX as its preferred stablecoin. It will also be launching SwipeFi, a money market protocol, very soon on the Binance Smart Chain.

Follow us on: News
Swipe is Launching Ecosystem Rewards Program For Binance Token Holders
Vandana Malik
Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Top Picks