SwissBorg is the first blockchain-based secure wealth management platform aimed at simplifying the process of investing in cryptocurrencies by integrating with leading digital asset exchanges and featuring community-based ownership. They also have a mobile version called “Wealth App” which is available for iOS and Android platforms.
In this article, we will discuss:
What is SwissBorg (CHSB)?
SwissBorg is a Switzerland-based project that seeks to offer independence and decentralization for personal finances. Launched in 2017, SwissBorg seeks to revolutionize Swiss private banking and harness the power of technology blockchain and smart contracts, creating a decentralized network for personal finance.
SwissBorg relies on its multi-utility token, the CHSB token, which allows users to perform a multitude of actions on the network. The project aims to create a democratic, decentralized and professional ecosystem, allowing users to easily manage their cryptocurrency portfolios. The creators of SwissBorg also launched the SwissBorg Wealth App, which further optimizes personal finance management. The app uses MPC keyless technology to allow users to exchange between fiat and cryptocurrencies in a matter of seconds.
SwissBorg supports over 30 cryptocurrencies including BTC, ETH, CHSB, USDC, PAXG, ENJ, BNB, LTC, XRP and BCH. They also have ongoing votes on which other cryptocurrencies should also be listed. SwissBorg also supports 16 fiat currencies including EUR, USD, GBP, CAD, HKD and SGD.
How does SwissBorg (CHSB) work?
According to the founders of SwissBorg, the current banking system is obsolete, and their project is an answer to this problem. By introducing blockchain technology to personal finance, SwissBorg aims to give individuals full control over their portfolios and investments.
The company's core values include transparency, equality through meritocracy and impartiality. SwissBorg's platform relies heavily on blockchain decentralization to ensure that personal data is protected and users can control their funds without restrictions. The SwissBorg team strives for inclusion and has members from all over the world. The mobile app is one of the top cryptocurrency apps in the app stores, and has attracted over 100.000 verified active users globally.
SwissBorg Wealth App
The Wealth App is SwissBorg's leading and intelligent command and control center. It allows users to build, monitor and manage their cryptocurrency portfolios, allowing for easy and secure wealth management. The dashboard is simple yet powerful and intuitive, taking the guesswork out of investing in cryptocurrencies. Users can fund their accounts with USD, EUR, GBP and CHZ. Withdrawals can be made to the local bank of the user's choice. In addition, a limited number of crypto assets are supported, similar to Coinbase, ensuring quality.
However, new assets are added regularly if they meet the inclusion criteria. The application is available on IOS and Android operating systems. The smart engine gives users the opportunity to buy crypto assets at the best rates and lowest slippage, from multiple exchanges. In addition, it is powered by AI, providing valuable information about investments (history, performance, deposits, withdrawals, etc.), which helps the user to make informed decisions. All these features allow people to employ sophisticated techniques for portfolio management with relative ease.
SwissBorg Smart Yield
SwissBorg's Smart Yield is a feature in their app that allows users to potentially earn passive income through Decentralized Finance (DeFi) and Centralized Finance (CeFi) platforms without much prior knowledge. The Smart Yield feature works with major platforms such as Compound, Curve Finance, Binance, Aave and Uniswap.
CHSB Yield 2.0 by SwissBorg
SwissBorg's latest CHSB Yield 2.0 program aims to be a sustainable, community-centric approach to fostering the growth of the SwissBorg ecosystem. It has multiple yield levels which, according to the team, will provide attractive returns for CHSB token holders. Keeping more CHSB in the yield program affects your returns. Currently, the lowest level of holding 0-2k CHSB in your standard account yields a maximum yield of 12,58%. Those with Genesis Premium account type can earn up to 25,17% yield.
The difference between SwissBorg's CHSB Yield 2.0 and its Smart Yield program is that the Yield 2.0 is paid from SwissBorg's own treasury, i.e. an internal transfer. This means no risk of DeFi hacks or temporary loss (Learn what is Impermanent Loss in our video here). Furthermore, with the Yield 2.0 reward structure, smaller holders benefit from accelerated growth, while at the same time, larger CHSB token holders are rewarded in the long run.
SwissBorg DAO
The SwissBorg DAO (Decentralized Autonomous Organization) is the supporting body that assists in the governance of the SwissBorg ecosystem. A DAO is a development in the cryptocurrency and DLT space, which allows a democratic mechanism to run or manage a project on-chain. The SwissBorg DAO acts as a unifying bridge between the team and community members, allowing them to take an active role in determining the direction of the project and to be rewarded for their efforts in CHSB tokens. The team defined different roles for community members to participate. Here are some of those roles:
- Digital Artist – A digital artist (more understandably a content creator) is a member of the community, tasked by the team with developing artwork, photos, texts, presentations and videos, etc. about the SwissBorg project.
- Translator – A translator is an important member of the community, responsible for translating important documents or articles related to the SwissBorg project. SwissBorg DAO harnesses the power of motivated multicultural participants to carry out one of the most difficult and important jobs.
- Promoter – A promoter is responsible for publicizing the project on various social media platforms. They play an important role in increasing adoption and usage, promoting the project. Thus also directly increasing the token value.
- Moderator – A moderator (best understood as an administrator on forums and telegram groups) is responsible for regulating communication on the SwissBorg project channels. The various functions include promoting healthy discussion, removing inappropriate content, modulating the flow of discussion, and enforcing group rules.
- Activist – An activist (a real world promoter) is responsible for networking with different people and organizing events to better promote the project. They can hold group meetings, AMA's, town meetings, etc. to promote the development and cohesion of the SwissBorg community.
- Business Introducer – Business presenter (commonly understood as an ambassador) is a member of the SwissBorg community, who strives to organize in-person SwissBorg team meetings with prominent influencers, investors, business partners, etc.
- Cyber Virtuoso – A cyber virtuoso (known as a developer) is responsible for developing tools, scripts, software, etc. to help develop the SwissBorg ecosystem. They may also be tasked with creating step-by-step tutorials and supporting documents for the project.
CHSB Token
The platform's multipurpose token is SwissBorg ($CHSB), which is an Ethereum-based token that is ERC-20 compliant. It has a circulating supply of 715 million out of a total of 1 billion. The remainder of the retained supply is reserved for project development and promotion. The CHSB token powers the entire SwissBorg ecosystem. It is used to bet on the platform's fee discount and grants voting rights on the platform.
In addition, it is also used to distribute rewards through the “Proof of Meritocracy” concept and the team's “Protect and Burn” policy. The purpose of the policy is to increase scarcity and increase the value of existing tokens by burning the supply of the generated revenue.
Where to buy CHSB token?
CHSB cryptocurrency can be traded on the following exchanges:
- KuCoin
- Huobi Global
- Hoo
- HitBTC
SwissBorg Price Forecast (CHSB)
SwissBorg price is predicted to reach a high level of $0.712 throughout 2022. As early as 2023 according to our crypto price prediction index, SwissBorg (CHSB) may reach a high of $1.369, with the average price of $1.018 trade.
In 2025 according to our crypto price prediction index, CHSB is expected to cross an average price level of $1.651. The minimum expected SwissBorg price at the end of the current year should be $1.524. Furthermore, CHSB can reach a maximum price level of $1.682.
Conclusion
SwissBorg held one of the most successful fundraisers in 2017 and delivered a powerful product. SwissBorg solves the main problem of managing wealth and making cryptocurrency investments accessible to everyone. The Wealth App offers a complete solution for cryptocurrency investments, combining deposit, purchase, trading, management and withdrawal features, all in a clean and minimal interface.
