swissborg
SwissBorg
$0.1884.82% 24H

SwissBorg gives customers the tools (Wealth App, Smart Yield, $CHSB token, and so on) and infrastructure (broader community support, regulatory clarity, and so on) to manage their cryptocurrency assets with minimal effort. Swissborg’s goal is to assist customers in navigating the relatively young sector of cryptocurrencies, which may be complicated at times and has a dispersed infrastructure with minimal standardization. We’ll take a close look at SwissBorg in this post, including its advantages, the difficulties it tries to answer, and everything in between.

What is SwissBorg?

SwissBorg is democratizing money management by making it more enjoyable, transparent, and community-focused. Headquartered in Lausanne, Switzerland, SwissBorg boasts a multinational staff of over 180 individuals and possesses a Virtual Currency License, which permits them to provide virtual currency exchange and virtual currency wallets abroad.

The SwissBorg app, the company’s flagship product, allows over 450,000 users to purchase, sell, and trade digital assets, with features such as AI-powered asset analysis and Portfolio Analytics to assist customers in making informed investment decisions. Their best-in-class Smart Yield wallet allows users to earn up to 20% USDC yields while also enhancing the benefits of the token’s staking usefulness by providing Premium account holders with up to 2X yield.

The SwissBorg token is at the center of the SwissBorg ecosystem, and it was one of the best-performing tokens in 2020, soaring by 2,700 percent and climbing into the top 70 on CoinMarketCap.

Crypto Challenge (previously the Community Software), their gamified Bitcoin prediction app, currently has over 300,000 players, assisting the crypto sphere in reaching its aim of widespread acceptance by offering our users a free and risk-free means to learn about the crypto market.

SwissBorg thinks that blockchain technology has the potential to empower everyone to control their money and that this is the next step toward a future of decentralized governments where everyone is welcome and appropriately compensated for their efforts.

SwissBorg: roots and history

Cyrus Fazel is one of SwissBorg’s co-founders and the company’s current CEO. In 2007, he received his bachelor’s degree in international business management from the EDHEC Business School. In 2007, he began his professional career as a portfolio advisor at Julius Baer. Fazel then worked for Aramis Capital as a hedge fund advisor. In 2016, he rekindled his passion for personal finance by co-founding SwissBorg.

SwissBorg’s other co-founder and CTO is Anthony Lesoismier-Geniaux. In 2008, he received his bachelor’s degree in finance from Polytech Nice Sophia and immediately began working in the industry. He started his career as a fund manager assistant before moving on to JFD Wealth as the head of digital advice.

In 2016, he joined forces with Cyrus Fazel to form SwissBorg.

How does SwissBorg work?

SwissBorg ($CHSB), the platform’s multi-utility currency, is an Ethereum-based and ERC-20 compatible token. Out of a total of 1 billion coins, 715 million are in circulation.

The remainder of the stored supply will be used to further the program’s development and promotion. The CHSB cryptocurrency is available on major exchanges same as KuCoin, Uniswap (v2), Yobit, HitBTC, IDEX, and others, and has a wide range of applications.

The SwissBorg ecosystem is powered by the CHSB token. It is utilized to get a fee discount on the network and to offer voting privileges on the platform.

It also is utilized to distribute rewards, thanks to the “Proof of Meritocracy” notion and the team’s “Protect and Burn” strategy. The policy’s goal is to improve scarcity and boost the value of current tokens by burning the supply generated from income.

Through the Proof of Meritocracy policy, SwissBorg token holders may vote on the network’s advancement and development. The CHSB token creates an RSB token, a referendum token that allows users to vote on referendum propositions. Users with a greater number of CHSB will have more voting power. In addition to being able to determine the course of SwissBorg’s growth, users will be rewarded for participating in these referendums.

Long-term CHSB investors are rewarded by the Protect and Burn policy, which orders buyback and burn only when CHSB prices are falling. Because buybacks are traditionally advertised in advance, short-term speculators might acquire the token before the buyback and sell it for a higher price quickly after the buyback when the token supply is reduced. This conventional approach, according to SwissBorg, does not safeguard the token, particularly long-term token holders, and is incompatible with their goal to stimulate innovation that rewards their devoted community members.

SwissBorg will also put 20% of the revenues produced from the Wealth App fees into a reserve every month to preserve the price of the CHSB token. SwissBorg will automatically issue purchase orders for CHSB if the price of the stock reaches a bearish zone (using the 20-day moving average as an indication).

Why choose SwissBorg?

The present banking system, according to SwissBorg’s creators, is obsolete, and their initiative is a reaction to this problem. SwissBorg seeks to provide people ultimate control over their portfolios and assets by integrating blockchain technology into personal finance.

Transparency, equality via meritocracy, and impartiality are among the company’s core principles. To guarantee that personal data is safeguarded and individuals have complete control over their cash, the SwissBorg platform mainly relies on blockchain decentralization.

The SwissBorg team prides itself on its diversity, with people from all around the world. The mobile app is one of the most popular cryptocurrency apps in app stores, with over 450,000 verified active users worldwide.

swissborg SwissBorg
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FAQs

Best way to buy SwissBorg in Australia

Bitunivex, situated in Australia, is one of the few credible exchange platforms that offer SwissBorg. So, if you are seeking a quick and safe way to trade SwissBorg, Bitunivex is the place to go.
Do not worry if you do not have a Bitunivex account yet. To open a free account and begin trading on Bitunivex, click here. It will only take a few minutes. In the register field, you will simply need to enter your email address. 
And click the link we provided you to validate your email address. That is it! You will be able to begin trading right away. Click here to start.

Is SwissBorg real and safe?

SwissBorg and CHSB are Ethereum-based tokens. CHSB will be secured by the proof-of-stake (PoS) consensus as an ERC-20 token once Ethereum itself converts to it.
PoS relies on majority holders to mine new tokens, unlike Bitcoin’s proof-of-work (PoW) consensus. This consensus mechanism is far more adaptable than PoW since it incorporates the staking process into the blockchain layer.
Furthermore, because it is more energy-efficient, PoS is gaining popularity among both developers and consumers. PoS depends on static currency holdings and delivers more mining power to users with a larger stake, whereas PoW requires a lot of computer power to mine. So, SwissBorg seems real and safe to invest in.

Can I cash out SwissBorg anytime?

Yes, it is true! Bitunivex provides rapid cash-outs, so you may withdraw your SwissBorg whenever you wish. Furthermore, if you prefer a bank deposit, Bitunivex may accommodate your request. Depending on the destination bank, it will take 1-3 business days; however, we will make sure your valuables arrive safely and securely.
Furthermore, Bitunivex’s automatic verification method is available to you whenever you wish to withdraw AUD or deposit your funds. Only your phone and ID are required for this automated, safe verification procedure. You may then sit back and relax while we take care of the rest. So, go ahead and sign up for a free account with Bitunivex and start trading cryptocurrencies right away.