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 Senegal
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 Advcash, SEPA, Faster Payments, or PIX payment gateways 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
Buy Solar
Buy other cryptos
Buy Solar in a different country
FAQ
Can I buy $1 worth of Solar?
Can I buy $10 of Solar?
Where else can I buy Solar?
Where is the best place to buy Solar?
Should I buy Solar right now?
Senegal, officially the Republic of Senegal, is located between the Tropic of Cancer and the Equator. It is bordered by Mauritania in the north, Mali to the east, Guinea to the southeast, and Guinea-Bissau to the southwest. The population of Senegal is 17,748,015, and the official currency of Senegal is the West African CFA franc. You can buy cryptos from Senegal in a few minutes using Bitget’s P2P trading and other crypto deposit methods. The official language of Senegal is French, and the Bitget website and app are available in French.
The beautiful attractions you do not want to miss when visiting Senegal are La Maison des Esclaves, the Island of Gorée, Ngor Island, and the Lompoul Desert. The country has some attractive cities where you can live and trade cryptos using the Bitget platform, such as Dakar, Touba, Thies, Kaolack, Mbour, and Saint-Louis.
Senegal has a tropical climate with a long dry season that lasts roughly from mid-October to mid-June in the north and from early November to mid-May in the south. The rainy season lasts from late June to early October in the north and from late May to late October in the south due to the African monsoon, which travels north during the summer. With savanna-like vegetation, Senegal is primarily made up of flat or rolling plains. However, the Fouta-Djallon Mountains' foothills are formed in the southeast by plateaus that are 1640 feet high. In the southwest, it's usual to see marshy marshes surrounded by tropical rainforests.