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SwapDEX Price (SDX)
SwapDEX (SDX)
$0.004742943373 -1.9%
0.00000025 BTC -1.0%
0.00001680 BNB -1.8%
1,116 people like this
$0.004731737715
24H Range
$0.004853847875
Market Cap ?
24 Hour Trading Vol $696.18
Circulating Supply ?
Total Supply 29,163,128
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SwapDEX Price Chart (SDX/USD)

Last updated 01:22PM UTC. Currency in USD.

Live Chart
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1h
24h
7d
14d
30d
1y
0.2%
-1.9%
-24.2%
-28.0%
-30.7%
-88.5%

Convert SDX to USD

SDX
USD
USD

1 SDX = $0.004742943373

SDX Price Statistics

SwapDEX Price Today
SwapDEX Price $0.004742943373
24h Low / 24h High $0.004731737715 / $0.004853847875
7d Low / 7d High $0.004739331251 / $0.006220782784
Trading Volume $696.18
All-Time High $0.428671 -98.9%
Apr 02, 2021 (over 1 year)
All-Time Low $0.000027670247 17036.6%
Feb 11, 2022 (8 months)

SDX Price Today

SwapDEX price today is $0.004742943373 with a 24-hour trading volume of $696.18. SDX price is down -1.9% in the last 24 hours. It has a circulating supply of 0 SDX coins and a total supply of 29.2 Million. If you are looking to buy or sell SwapDEX, PancakeSwap (v2) is currently the most active exchange.

What was the highest price for SwapDEX?

SwapDEX hit an all time high of $0.428671 on Apr 02, 2021 (over 1 year).

What was the lowest price for SwapDEX?

SwapDEX had an all time low of $0.000027670247 on Feb 11, 2022 (8 months).

What was the 24 hour trading volume of SwapDEX?

The 24 hour trading volume of SwapDEX is $696.18.

Where can SwapDEX be traded?

You can trade SwapDEX on PancakeSwap (v2). Popular trading pairs for SwapDEX in the market includes SDX/USD, SDX/CAD, SDX/AUD, SDX/GBP, SDX/INR, and SDX/PHP.

SwapDEX consists of a leading network called SmartDEX-Network and a research chain called Kusari-Network, forming the initial seed of an open, decentralized, and independent DeFi platform. This platform aims to become the industry-wide standard for decentralized finance.

The SmartDEX-Network is maintained by validators selected through a Nominated Proof-of-Stake (NPoS) consensus design. The validators are responsible for block production and chain finality.

Rewards are given out when validators behave correctly, and any misbehavior is punished via a slashing mechanism.

Furthermore, SwapDEX has a decentralized, community-run governance scheme that can change any SwapDEX design or parameter decision through formal consensus. Governance council members are required to be elected by holders of the relevant coin (SDX for SwapDEX, KSI for Kusari) with proposals requiring majority approval from council members to be implemented.

Unlike other projects, SwapDEX keeps validator selection completely independent from governance and the user’s right to participate in governance is never delegated.

NPoS is a Proof-of-Stake (PoS) variant that substitutes Nakamoto's consensus protocol's highly inefficient Proof-of-Work (PoW) design with a Proof-of-Stake (PoS) architecture.

SwapDEX utilizes NPoS to advance chain security, enable a fair representation and satisfaction of users, and boost efficiency. Networks following a similar path include Polkadot, Kusama, Chainlink, Moonbeam, to name a few.

While similar in spirit, the approaches in these networks vary in design choices, such as the incentive structure, the number of validators elected, and the election rule used to select them.

In the SwapDEX ecosystem, we focus on fully decentralized finance. Therefore, every SDX holder is free to become a validator candidate or a nominator to maintain the blockchain.

Validators participate in the consensus mechanism by producing blocks and validating blocks constructed by other validators. Nominators vote for validator candidates they trust and back them with their coins.

Once per era (a certain period), a committee of validators gets elected according to the current nominator's preference. In SwapDEX, the number of validators elected is in the order of hundreds and potentially thousands.

Both validators and nominators lock their coins as collateral and receive staking rewards on a pro-rata basis, but may also be slashed and lose their collateral in case backed validators show malicious or negligent behavior.

Nominators thus participate indirectly in the consensus protocol with an economic incentive to pay close attention to the evolving set of validator candidates and make sure that only the most capable and trustworthy among them get elected.

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