Decoding SwissBorg: The Intriguing World of CHSB Coin
Explore SwissBorg, a cryptographic ecosystem blending blockchain's top attributes: fairness and transparency. Leveraging its CHSH token and Wealth App, SwissBorg is reshaping asset management. With a $141M+ market cap, CHSH shows immense potential. Learn how SwissBorg can transform your crypto journey.
SwissBorg is a large-scale cryptographic ecosystem used to execute the critical attributes of the blockchain concept, namely fairness, trust, accessibility, and transparency. The platform mainly aims to deliver convenient and advanced digital asset management tools focused on the global crypto community.
The SwissBorg ecosystem comprises two main elements, Meritocracy and Swarm Intelligence, which ensure the smooth provision of financial and investment services, considering all participants' preferences.
Whether a financial expert, an individual, or a full-fledged DAO, SwissBorg is a one-stop solution that allows individuals to form a decentralized and professional environment for efficient crypto asset portfolio management.
SwissBorg (CHSH) Coin Utility
SwissBorg has designed a native CHSH token powered by Ethereum so that users can experience and take full advantage of the growing ecosystem. An ERC-20 compatible token can be used for governance voting and staking to expose premium trading platform features, including low fees and increased APY%.
CHSB token key indicators as of June 12, 2023:
- Token name: CHSB
- CHSH price: $0.1078
- Technology: ERC-20 Ethereum
- Fully diluted market cap: $109,219,578
- Market cap: $107,784,067
- Volume (24h): $574,642
- Total supply: 1,000,000,000 CHSB
- Circulating supply: 1,000,000,000 CHSB
CHSB entitles community members to impact the network's maturation and shape the project's decentralized future. Using the SwissBorg Wealth app, CHSB holders can easily access the largest crypto exchanges and utilize cutting-edge tools to buy/sell digital assets with fiat funds.
SwissBorg Origins
The official launch of a distinctive trading platform, along with the release of an official whitepaper, is regarded as November 16, 2017, which marks the starting point. Anthony Lesiosmier and Cyrus Fazel are the founders of the financial ecosystem. Starting from day one, the co-founder and CEO have stated their ambition to build a unique infrastructure where each participant can control, invest in and manage digital wealth 24/7.
Key milestones:
- November 2017: Whitepaper release and project takeoff announcement.
- January 2018: Holding ICO while securing investments for $50 million.
- March 2019: Announcement and launch of the SwissBorg Community app.
- January 2020: Launch of SwissBorg Wealth app for trading crypto assets and gaining returns from staking.
- Q4 2020: Enforcing the savings platform concept enabled users to activate the Smart Yield feature and yield from CHSB and USDC deposits.
Over the years, the platform has developed two full-fledged notions: an intuitive crypto exchange and a highly efficient crypto wallet covering the highly favored cryptocurrencies. SwissBorg has ensured that the crypto wallet's functionality covers trending tools and metrics that allow netizens to run portfolio analytics, control taxation, and interact with the community.
How Does SwissBorg Work?
Currently, the Wealth app is the centerpiece of the trading platform. Cryptocurrency portfolio management, profit maximization, and the ability to use various investment strategies are the main tasks of software tailored for SwissBorg mobile users.
The software has full integration with four Tier-1 crypto exchanges, including:
- Kraken
- Binance
- LMAX
- HitBTC
This approach allows community members to get the best prices and profitable spreads. Besides, SwissBorg has expanded the application's capacities by adding one of its flagship features, Smart Yield.
The tool lets users make cryptocurrency deposits and accumulate passive income. In addition, SwissBorg invests the user's stake in various DeFi projects, farming initiatives, and liquidity provider programs to maximize profits on autopilot.
SwissBorg Funding Revealed
For the time being, Dennis Liu remains a crucial SwissBorg investor. The project managed to win financial backing from investors for $75.7 million within four rounds:
- June 1, 2017: Initial Coin Offering – Money Raised: N/A
- January 3, 2017: Pre-Seed Round – Money Raised: N/A
- December 12, 2017: Initial Coin Offering – Money Raised: $11M
- March 31, 2023: Series A – Money Raised: $23M
SwissBorg also invests in promising blockchain projects. The platform has successfully funded DeFIRE, Cathedral Studios, and Lum Network, while the latest investment ($1.1 million) was made on October 12, 2022.
SwissBorg Roadmap
According to the project's founders, the platform's primary mission is to democratize asset management and ensure equitable distribution of asset profits among all participants. Today, the SwissBorg team comprises 150+ first-class experts and has a valid license to operate and invest in digital currency to achieve strategic development plans.
Key roadmap milestones:
- 2018 3 token Index Investment strategies |1 Off-chain Fund | 1 Close-end Crypto Fund | SwissBorg Platform | C Share | smart mandate.
- 2019 – 2020 3 New token Indexes | Smart Mandate v1.0 | Crypto Exchange |SwissBorg Platform v2.0 | Card or Biometric Payment Solution | 20 Institutional Client Partnership | C-Share Protocol Migration for the CHSB token.
- 2021 – 2022 token SWARM Index | Smart Mandate v3.0 | AI | DERIVATIVES.
- Options, Futures | SwissBorg Platform v4.0 | SB Academy | Blockchain Related R&D.
- 2025 Adoption towards 100% renewably-powered blockchains.
- 2030 Achieving net-zero emissions from its electricity consumption.
SwissBorg's strategic approach lies in the profitable distribution and use of digital assets in the portfolios of investors, traders, and managers using the network for long-term investments and profit maximization.
SwissBorg Tokenomics
The project's whitepaper mentions that the platform distributes CHSH according to the following tokenomics model:
- Token Allocation: Bounty initiatives (1%) | further development (16.50%) | team and advisors (20%) | distributed during TGE (62.50%)
- TGE Date: 07.12.2017 - 10.01.2018
- Soft cap: 5.000.000 CHF
- Currency Accepted: ETH, BTC, XRP, BCH, LTC & Fiat
- Type of Supply: Fixed
- Token Features: Multi-Utility Token with Proof of Meritocracy
- Hard Cap: 50.000.000 CHF
In the meantime, team-allocated funds are disbursed over four years until the allotted funds are fully distributed.
