SwissBorg Price

CHSB is a multifunctional token belonging to the SwissBorg platform of the same name. It runs on the Ethereum network since the project does not have its own separate blockchain. The token standard is ERC-20.

The project was launched in Switzerland in 2017. The initiators of the launch were Anthony Lesoismier-Geniaux and Cyrus Fazel. Anthony Lesoismier-Geniaux is now the Director of Security at SwissBorg, and Cyrus Fazel has become the Head of the investment platform and Senior Advisor on hedge funds at SEQUOIA Asset.

Initially, 1 billion coins were released. Creating additional coins is not possible. The price of SwissBorg is influenced by the general mood of the cryptocurrency market (“bullish” or “bearish”). These give room for trading: a timely buying in case of decline and selling when the value price of CHSB. Spot trading is available to investors on exchanges.

The reason for the project’s creation is the issues with traditional banking systems. In particular, many tools for money management are available only to a limited circle of people.

Fazel and Lesoismier-Geniaux have created a secure blockchain-based platform for managing cryptocurrency assets. This is a universal option. The secure blockchain-based platform is suitable for both individuals, decentralized autonomous organizations (DAOs), financial experts.

How SwissBorg works

• Profitability Program Smart Yield

Each token holder can receive a reward. Its size depends on the community index (the parameter is based on the basic characteristics of the system). The indicator (from 0 to 10 points) is updated weekly. The higher the score, the greater the reward the participants receive. All you have to do is create an account, deposit one or more coins to the account (in the amount of 10 + euros) that will bring a passive daily income. The wallet automatically optimizes the strategy to get the greatest possible profit. It reduces transaction costs, takes into account various risks: the market, liquidity, smart contracts.

• Mechanism Protect & Burn for Burning Tokens

To reward long-term CHSB investors, the platform uses 20% of the income received to redeem tokens and burn them transparently. This artificially creates a deficit and increases the value of coins.

• Stacking

Users can lock tokens on the account for a specific period — this causes a decrease in the supply. A reward is accrued for stacking (the more cryptocurrencies are frozen, the higher the income).

Transactions of SwissBorg

The platform runs on the Ethereum blockchain. It has an average transaction speed of 15 transactions per second. This is a low figure, considering that some blockchains Polka dot, Stellar, and others offer 1000 tx/s. However, this speed is enough for users to make transactions for the purchase and sale of assets through the platform or application

Distinctive Features of SwissBorg

Features of SwissBorg (CHSB):

• 1. Provides access to all the tools of the decentralized platform for effective management of the cryptocurrency portfolio and quick conclusion of transactions, which provides the "best market price" indicator.
• 2. Users can earn passive income with the help of staking and the profitability program.
• 3. The number of coins is reduced, which increases the value of each coin. This gives grounds for positive changes in the course.
• 4. An active community of investors and developers has been formed around altcoin.

How to get SwissBorg

You can purchase CHSB in different ways:

• Buy cryptocurrency on the stock exchange or through an exchange website;
• Receive a transfer from an investor;
• Buy through the Wealth program;
• Take part in a free giveaway.

How to buy SwissBorg

Since the coin has a popular ERC-20 standard, it is traded both on CEX (centralized platforms) and on DEX (without a governing body). The list includes KuCoin, Uniswap, HitBTC, Bitfinex. You can also buy cryptocurrency through an exchange site, but the choice of pairs is limited. Prerequisites for increasing the price of SwissBorg are a mechanism for burning coins, improving analytical tools.