What is Solar (SXP)?
Solar is a community-driven project for decentralized peer-to-peer payments that operates on an open-source layer-1 blockchain.The project uses a Proof-of-Stake consensus mechanism and has a native digital currency known as SXP. Its ultimate goal is to establish an ecosystem with authentic governance similar to Ethereum and Solana. This is why the Solar Network had to undergo a major revamp from its previous ecosystem called Swipe, along with other significant milestones.
How Solar (SXP) Works
At the heart of the Solar ecosystem lies the Solar Core, which serves as the foundation of the project's delegated Proof-of-Stake blockchain. It is a modified version of the Ark blockchain, distinguished by its use of Schnorr signatures that improve privacy.
The Solar blockchain is made up of 53 delegates who serve as block producers and transaction validators. The process of block production is organized into rounds, each of which consists of 53 blocks, with one block being submitted by each delegate per round. With an 8-second block time, the Solar blockchain is one of the swiftest in the industry, surpassing the Bitcoin and Ethereum blockchains in terms of speed.
The block reward of 530 SXP per round follows this formula: Reward = ((N + X) / D) * (R / S * D)
The variables being: N, which denotes the starting position of the forging delegate at the beginning of the round. Additionally, X, a variable that measures the ratio of reward between the top and bottom delegates, is set at 53. D, which represents the total number of delegates, is also set at 53. The average block reward in one round is represented by R, set at 10, while S, representing the sum of ((N+X)/D) from N=1 to N=D, is set at 80. Applying these variables to the formula, we arrive at the block reward of 530 SXP per round.
Based on this, if a delegate is assigned the position of 1, they will receive a minimum of 6.75 SXP during each round. Conversely, if a delegate is positioned at 53, they will receive a minimum of 13.25 SXP per round. It's worth mentioning that the community holds the authority to modify these values, as evidenced by a governance proposal approved by voters and delegators in Q3 of the previous year.
How Many SXP Tokens Are in Circulation?
SXP is the native utility coin of the Solar blockchain. It has a circulating supply of 555,601,138 SXP coins and the maximum supply is not available.
How to Buy Solar (SXP)
Consider investing in Solar (SXP)? It only takes 2 minutes to create an account on Bitget and start trading SXP.
Check out the available SXP trading pairs on Bitget!
Spot market
Solar (SXP) Resources
Simple 3-step guide to buying SXP today in Slovenia
Create your free Bitget account
Select a funding method
Complete your Solar purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Solar using a payment method of your choice:
Buy Solar with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Solar order.
How to buy crypto with credit/debit cardBuy Solar with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Solar is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Solar order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Solar order.Buy Solar with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Solar order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Solar in your Bitget spot wallet
Bitget—where the world trades Solar
How to buy Solar for free
- Learn how to earn Solar for free through the Learn2Earn promotion
- Earn free Solar by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Solar airdrops by joining On-going challenges and promotions
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Slovenia, officially the Republic of Slovenia, is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, and the Adriatic Sea to the southwest. Covering 20,271 square kilometers, Slovenia has a population of 2.1 million. Euro (EUR) was introduced as its official currency in 2007.
Whether you're in Ljubljana, Maribor, Celje, or any place in Slovenia, Bitget is ready to serve you with any kind of cryptocurrency needs. It will only take a few minutes to buy Solar(SXP) and other cryptocurrencies on the Bitget platform with Euro (EUR). We offer many options with low fees and high security, such as Crypto Deposit, P2P Trading, and Third-Party Payments.
A mostly mountainous and forest-covered country, Slovenia has been promoting sustainable tourism over the years and was declared as the country with the world's most sustainable tourism by National Geographic Traveller's Magazine in 2017. It was also declared the world's first green country by Green Destinations. Every year, millions of tourists - primarily from other European countries - come to Slovenia for its green hills, historic castles, and the famous Karst Plateau that gave its name to the landscape, karst. Slovenia is also favoured by many skiers and hikers for its mountains, including Kamnik-Savinja Alps, Julian Alps, Karawanks, and Pohorje.