What is SwissBorg (CHSB) token?

The SwissBorg network is a platform that has democratized the process of wealth administration and management and made it into a fair, and community-centric system. With a team of over 180 people and its headquarters in Lausanne, Switzerland, the platform allows its users to access virtual currency exchange, as well as virtual currency wallets on an international scale.

The showcase product of the Swiss Borg network, the SwissBorg app is a platform that has been focused on the empowerment of hundreds of thousands of users who transact in the form of buying and selling of digital assets. The system also incorporates an asset analysis system powered by an AI that guides users of the platform towards the path of making good investment decisions. It also provides the best-in-class Smart Yield wallet, a system that provides users with the option of earning yields as high as 20% of USDC, including growing benefits of token staking options which are mainly offered to users with premium accounts.

Who are the Founders of SwissBorg (CHSB)?

The platform was founded by a collection of professionals, one of which is Cyrus Fazel who also serves as the present CEO of the network. He is a graduate of the EDHEC Business School and obtained his degree in international business management in 2007. Shortly after, his professional career began in the same year at Julius Baer as a portfolio advisor. Later, he went on to the world of hedge funds and became Aramis Capital’s advisor. By 2016, his exposure already increased and as such, he picked interest in personal finance, incorporated with blockchain technology, and helped establish SwissBorg.

The other half of the SwissBorg network is Anthony Lesoismier-Geniaux who currently serves as the platform’s CTO. Just like his partner, he obtained a degree in finance in 2008 from the Polytech Nice Sophia and went into the workforce immediately after. He started in JFD Wealth as a fund manager, but later he moved up the scale and became the head of digital advisory. He worked there up until 2016 when he aided in the establishment of SwissBorg.

What is SwissBorg (CHSB) used for?

The SwissBorg token stands as the center of the entire SwissBorg ecosystem and also earned a position in the top-performing cryptocurrency tokens from 2020. The coin took off by 2.700% and landed in CoinmarketCap’s top 70 cryptocurrencies.

The network also has a secondary platform known as the gamified Bitcoin prediction app, Crypto Challenge (formerly the Community App). Presently, the platform has over 300,000 players, all of which are targeted towards helping the token reach its ultimate goal of global adoption via a process that teaches people about the crypto market with zero risks.

The SwissBorg network strongly believes in the use of blockchain technology in the general empowerment of people by providing them with an avenue to control their wealth. According to the network, this empowerment process is the next step of the system towards the achievement of global decentralization where individuals are rewarded for their inputs to the system.

What Is the Unique Point of SwissBorg (CHSB)?

According to the founding team of the Swiss Borg platform, the banking system used in the present age of the world is obsolete and by creating the platform, they have been able to provide a solution to the existing problem. Through the incorporation of blockchain technology into personal finance, the platform aims at giving individuals absolute control over all their assets and investments.

The core value of the platform lies in its provision of impartiality, total transparency, and equality through meritocracy. The SwissBorg system is utterly dependent on the decentralization of blockchain technology to ensure that all data of the users are secured and also provide easy access to their assets without any form of constraints.

Based on information from the SwissBorg team, the platform prides itself in having an inclusive system which has led to them having members all over the world. Currently, the system is one of the highest-rated cryptocurrency apps in the major app stores and has over 450,000 verified users actively participating on the platform globally.

How many SwissBorg (CHSB)  coins are in circulation?

In the early days of SwissBorg’s creation, the network held an ICO and also minted a total supply of 1,000,000,000 CHSB tokens, all of which have been released. This essentially Put the circulating supply of CHSB tokens at 1,000,000,000 at the onset

Shortly after the minting exercise, around 38% of the total tokens were assigned to sales within the community to the public. Later, an additional 20% was dispensed to the members of its team as a reward for the creation of the platform. The strategic investors also got an allocation of close to 10% of the total supply, while 15% was allotted to the second round of the project’s funding. Lastly, the SwissBorg network distributed around 14% of CHSB tokens to investors with experience who showed interest in the project from its early days.

According to a statement from the SwissBorg website, there are currently less than 200,000,000 CHSB tokens in its circulating supply while the majority of that amount has been locked by users of the application to earn premium benefits or partake in yield-earning.

Is the SwissBorg (CHSB) Network secured?

The SwissBorg network and its dedicated token, CHSB are Ethereum-based. Because it is an ERC-20 based used, ken, the system is secured by a proof-of-stake consensus mechanism, which the Ethereum network as a whole is currently transitioning into. Unlike the regular proof-of-work consensus algorithm used by the Bitcoin network, the proof-of-stake is reliant on participants with the highest amount of tokens to execute mining exercises. This essentially makes the consensus mechanism more versatile than the proof-of-work system as it provides a layer of staking to the blockchain.

Additionally, the world is moving and proof of stake technology is becoming more popular among developers in the blockchain industry by the day and this is a result of the convenience that comes with the mechanism. While the proof of work mechanism only functions with a significant amount of computing power for its mining operations, the proof of stake system makes use of static coun holdings and extensively provides more mining power to participants with the most stakes.

How do I buy SwissBorg (CHSB)?

Over the years, the provisions of blockchain technology have made the world of finance in general significantly easier. As a result of this more people are entering into the Defi space, thus making it a more mainstream platform.  Similarly, there has also been an increase in the number of people on the SwissBorg network, making it publicly available across several exchanges. Its tokens can easily be purchased by the following steps.

  • create an account with the crypto trading platform,
  • transfer a specific amount of fiat money to your crypto account through the funding options.
  • Wait till the transaction is confirmed and then you can go on to buy your CHSB tokens.

Which Cryptocurrency Wallet Supports SwissBorg (CHSB)?

When the PTPWallet platform was created, it was designed to bring about solutions to a  series of blockchain-based problems by supporting a vast number of cryptocurrencies including the CHSB token. Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their Swissborg wallet because offers a simple and interactive interface making it easy for people to navigate its system.

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