Mastercoin / Omni is a digital currency built on top of the Bitcoin blockchain. Its features include the development of a decentralised exchange and the implementation of smart property and savings wallet. The Master Protocol facilitates the creation and trading of smart properties and user currencies as well as other types of smart contracts. Mastercoin enables the Bitcoin eco-system to become more decentralized. The Mastercoin project was launched on 31 July 2013 with a one-month long fundraiser. Those interested in obtaining Mastercoin may send bitcoin to an 'Exodus Address' where the funds collected would be used to fund the development of Mastercoin. Around 500 people invested in Mastercoin sending roughly 5000 bitcoins to the Mastercoin project.
The Swipe Wallet has been designed to require Swipe Tokens SXP to perform all functions and utility of the Wallet including to use the services and to make withdraws. Users on the Swipe Wallet can buy, sell, and pay with their cryptocurrencies to fiat directly within the Wallet application as well as purchase Gift Cards and make instant exchanges between all supported assets. Users are able to use their SXP tokens on launch and there are also tiered benefits based on the SXP holding on the Wallet Contract. All Swipe Wallets require a 1 SXP deposit to activate and utilize on-chain functions based on an audited Smart Wallet-Contract to perform its duties. The protocol has been designed and built on Ethereum and destroys 80% of network and transaction fees are and 20% of the fees are retained by the company.