SSWP

Suiswap price 
SSWP

$0.0009391  

0.59% (1d)

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Suiswap statistics
Market cap
 

0.59%

$8,303,262
#1168
Volume (24h)
 

14.96%

$505,921
#1467
Volume/Market cap (24h)
 
6.09%
Circulating supply
 
8,842,144,919 SSWP
88.42%
Total supply
 
10,000,000,000 SSWP
Max. supply
 
10,000,000,000 SSWP
Fully diluted market cap
 
$9,390,551
SSWP to USD Converter
SSWP
USD
Price performance
24h 
Low
$0.0009321
High
$0.0009681
All-time high
Jan 15, 2024 (3 months ago)
$0.004547
-79.35%
All-time low
Oct 21, 2023 (6 months ago)
$0.0002122
+342.58%
See historical data
Popularity
In watchlists6,403x
2945th / 9.8K
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About Suiswap

Suiswap is a decentralized cryptocurrency exchange built on the SUI blockchain, with the aim of providing a platform that is secure, efficient, and user-friendly for users to trade their cryptocurrencies. Its purpose is to overcome the limitations of traditional centralized exchanges by leveraging the power of blockchain technology to facilitate peer-to-peer transactions.

The Suiswap platform operates with the SSWP token, serving multiple functions and utilities within the Suiswap ecosystem. Key functions of the SSWP token include:

  1. Governance: SSWP token holders have the power to influence the direction of the Suiswap platform by participating in governance votes on various proposals related to the platform's operations and development.

  2. Liquidity Provision Rewards: Users who provide liquidity to the Suiswap platform are rewarded with SSWP tokens. This encourages more users to participate in providing liquidity, which in turn enhances the overall trading experience on the platform by reducing slippage and improving price discovery.

  3. Staking: SSWP token holders can stake their tokens to earn rewards. This not only provides an additional source of income for SSWP holders, but also helps to maintain the stability of the Suiswap platform by encouraging users to hold and stake their tokens rather than selling them.

  4. Payment for Gas Fees: In the future, SSWP tokens will be used for payment of transaction fees (Gas fees) within the SUI blockchain through Suiswap Wallet. This functionality would enrich the utility of SSWP tokens, enhancing their inherent value.

Suiswap intends to be a long-term, sustainable protocol that can contribute to the development of the broader SUI blockchain ecosystem. With its distinct tokenomics and comprehensive functionalities, Suiswap seeks to deliver an unparalleled decentralized trading experience for its users.