SwissBorg

What is Swissborg?

SwissBorg token, or CHSB, native utility token nourishing the SwissBorg ecosystem. It also gives Premium users voting rights by issuing RSB tokens, also known as a referendum token. This token is the key to Referendums in Swissborgwhere users vote on proposals.

ChSB is ERK-20 a token deployed on the Ethereum network. New SwissBorg tokens are mined using Proof of Stake (PoS) consensus mechanism through betting.

The native token has many functions and many use cases, including:

• Income program based on yield levels and community index. Rewards are paid from SwissBorg treasury;
• CHSB rate allows users to become Premium members of the network. This membership provides unique benefits such as increased returns and reduced fees when trading CHSB, Bitcoin and Stablecoins. It is important to note that users can only become Premium Members after staking their tokens for a full year;
• “Protect and choose” mechanism this is similar to the buyback and burn model. The SwissBorg protocol takes 20% of all exchange fees and redeems CHSB. The most important thing is that CHSB holders themselves decide where these tokens will be placed. The main reason for implementing this model is to maintain the stability of the SwissBorg token;
• Access to SwissBorg referendums where CHSB owners vote on important decisions regarding the SwissBorg application. Referendums of this type are held 4–6 times a year.

In addition, the SwissBorg token comes with a built-in CHSB buyback mechanism. Simply put, SwissBorg will buy a certain number of CHSB tokens and distribute them throughout the SwissBorg project.

The total supply of SwissBorg tokens is 1 billion. Since the supply of tokens is limited, it is possible that the price of CHSB will increase as there are fewer and fewer tokens in circulation.

SwissBorg tokens were distributed as follows:

• 38% – Public sales;
• 20% – Core team;
• 15% – Second round of financing;
• 14% – Experienced investors;
• 10% – Strategic investors.

CHSB can be purchased on major exchanges. Before making any purchasing decision, be sure to do your research. You can start by looking at SwissBorg’s price history and CHSB’s current price in the chart above.

What are the main features of SwissBorg?

As discussed in the “What is SwissBorg” section, we have established that it is a personal finance solution based on blockchain technologies. SwissBorg provides Virtual currency exchange and virtual currency wallets.

In addition to the SwissBorg token, the project provides 2 more products – SwissBorg Wealth app and SwissBorg Community app.

SwissBorg Community App was a decentralized cryptocurrency price prediction game. It had a built-in Bitcoin price history graph allowing for successful predictions, which in turn rewarded BTC players. In early 2021, it was renamed the Crypto Challenge app. The application was closed in April 2022.

SwissBorg Community app makes rebranding easier SwissBorg Wealth app. The latter has been renamed the SwissBorg application. It functions as a cryptocurrency investment platform on iOS and Android devices. The SwissBorg app allows users to buy, sell and earn cryptocurrency. Its goal is to provide the best prices by connecting users to exchanges such as Binance, KrakenAnd HitBTC.

In addition, the SwissBorg app comes with Smart Engine, Asset Analysis and Portfolio Analytics tools.

Users can find a unique real-time statistics page on the SwissBorg website called CHSB Performance Metrics. It shows the number of SwissBorg tokens staked, the current supply in circulation, the number of SwissBorg Premium members, the weekly volume of the SwissBorg app and much more.

The SwissBorg crypto project has 4 core values: transparency, impartiality and equality through meritocracy.

One of their main goals is to facilitate hassle-free cryptocurrency investments without compromising security.

Who developed SwissBorg?

The SwissBorg crypto project was founded Anthony Leozmier and Cyrus Fasel who take on the roles of Chief Security Officer and General Manager respectively. It was developed in Switzerland in 2016.

Anthony Leoismier has successfully completed his studies in finance at the Polytechnic University of Nice-Sophia. Prior to co-founding SwissBorg, Anthony worked as Head of Digital Financial Markets Advisory at JFD Brokers.

Cyrus Fasel graduated from EDHEC Business School with a Bachelor’s degree in International Business Management. Prior to founding SwissBorg, Cyrus worked as a hedge fund consultant for Aramis Capital and SEQUOIA.

The SwissBorg team consists of professionals with different backgrounds from all over the world.

The project was carried out pre-ICO and ICO events. The funds raised were distributed to the investment department, legal department, technology development, marketing, operating expenses and operations.

SwissBorg cooperates with major exchanges such as Uniswap, KuCoin, LivecoinAnd IDEX.