Solar is a decentralized, energy-efficient blockchain using DPoS; SXP rewards staking, governance, and liquidity in a sustainable network.
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Solar is a decentralized and energy-efficient blockchain network that uses delegated proof-of-stake (DPoS) consensus. Unlike traditional blockchains, Solar operates with a sustainable, efficient, and fully decentralized system powered by Solar Core. It avoids issues found in Proof of Work (PoW) blockchains, such as high energy consumption and centralization risks. The SXP token is the native utility token of the Solar blockchain. Users can stake SXP to secure the network, earn rewards, pay transaction fees, and participate in governance by proposing and voting on protocol changes. They can also earn rewards by providing liquidity. Solar decentralized applications (DApps) use SXP as their main currency.
As of now, Solar is trading at 0.2188 USD, with a 24-hour trading volume of approximately 321.38K USD. The SXP to USD price is updated in real time. Over the past 24 hours, Solar has increased by 11.07%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 140.39M USD. Currently, there are 641 641 415.670099 SXP in circulation out of a maximum supply of 641 641 415.670099 SXP.
CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.
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