Where and how to buy Solar in Papua New Guinea
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Solar order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Solar in your Bitget spot account
Alternative methods to obtain Solar in Papua New Guinea
Convert crypto to Solar with Bitget Convert
Swap on-chain assets to Solar with Bitget Swap
Methods to obtain Solar for free
Buy other cryptos
Buy Solar in a different country
How to buy Solar in other countries?
What can you do with Solar?
Store/Hold Solar
Many users hold on to their Solar with the expectation of it increasing in value. You can store your SXP safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Solar
You can trade Solar for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Solar trading to meet your needs.
Send Solar
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Solar online and send to anyone and anywhere with their Solar address.
Spend Solar
You can also buy goods and services with your Solar. More and more vendors and retailers accept Solar every day.
Donate Solar
Bitget Charity accepts Solar donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Solar so no one misses out on the growth made possible by blockchain.
Learn More About Solar
You can read more in-depth articles on Solar from Bitget Research and study how cryptocurrencies like Solar work on Bitget Academy
Market stats to assist in determining optimal times for purchasing Solar
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
Buy Solar in Papua New Guinea with Bitget
How to safely store your Solar
- Sign up and transfer SXP to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your SXP.
How to withdraw Solar with Bitget's hassle-free withdrawal process
Taking over the eastern half of the New Guinea island is the nation of Papua New Guinea, situated in the southwestern region of the Pacific Ocean just north of Australia’s coastline. Because of its mix of cultures, the country boasts a whopping 839 known languages in the region, making it one of the world’s most linguistically diverse countries. While the government approximates a population of 9.4 million people, a new study suggests it’s actually upward of 17 million.
Port Moresby takes on the mantle of Papua New Guinea’s capital city, and offers tourists a whole range of attractions such as the Port Moresby Nature Park, Bomana War Cemetery, Varirata National Park, the Port Moresby Mosque, and the National Parliament House. For those with an affinity for water, you might also want to check out Ela Beach, Adventure Park, and Idler’s Beach.
The official currency of Papua New Guinea is the Kina (PGL), and you can purchase Solar(SXP) in just a matter of minutes, no matter where you are in the country, from Port Moresby or Lae to Mount Hagen or Madang and Arawa. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.
SXP to local currency
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