SwissBorg Staking

The CHSB token is at the heart of our ecosystem, and offers the following five utilities:

A) The Protect & Burn Mechanism: 20% of the revenues made on fees in the Wealth App are dedicated to protecting the price of our token. When the price arrives in a bearish zone, we automatically place buy orders. All purchased CHSBs are then burned in a transparent manner.

B) Staking: Lock CHSB within the Mobile App allows users to exchange at the best price with zero fees.

C) Exclusive Access: Get access to future exclusive wealth management products in the app.

D) Voting Rights: Participate in shaping the future of SwissBorg during our referendums.

E) Community Rewards: Earn rewards through the SwissBorg DAO.

Based on the current offering rates a user can earn around 24% APY for staking CHSB. For more information on the staking rates please visit the SwissBorg Staking Rewards Calculator here.

There are some risks to staking CHSB considering this is custodial staking. Whenever you are doing custodial staking you must remember you do not have control of your assets. SwissBorg has proven to be a reputable firm that can be trusted.

SwissBorg is decentralising wealth management by making it fun, fair, and community-centric. Their team believes that blockchain technology can empower everyone to control their wealth, and that decentralised wealth management is the next step towards a world of decentralised nations, where every individual is welcome and is fairly rewarded for their contributions.

Their flagship product, the SwissBorg App, allows users to securely exchange digital assets and invest with 17 fiat currencies, with the protection of MPC keyless technology. In the app, the revolutionary Smart Engine takes the guesswork out of investing. By connecting to Binance, HitBTC, LMAX, and Kraken exchanges, they get you the best liquidity and rates in a matter of seconds.

Headquartered in Lausanne, Switzerland, SwissBorg has an international team of over 75 people and holds two licenses to provide Virtual Currency Exchange and Virtual Currency Wallets internationally.

Some core team members of SwissBorg include:

Cyrus Fazel – Founder

Anthony Lesoismier-Geniaux – CSO & Co-Founder

Jeremy Baumann – Chief Financial Officer

Bastien Luca Muster – Chief Growth Officer

Ruiting Li – HR & Growth

SwissBorg held an ICO that concluded in January 2018. The team raised $50,000,000 with an ICO token price of 1 CHSB = 0.1 USD. The tokens available for the token sale represented 53.5% of the available supply. At the time of the ICO, the team only consisted of 13 members which has now grown substantially.