Valued 27 times in one year: what is SwissBorg (CHSB)?
SwissBorg (CHSB), which was among the top earners of the week behind, continues to maintain its strong performance. Altcoin, which has attracted attention recently, managed to increase its price 27 times by the end of 2020, when it was $ 0.010 1 year ago. So, what is SwissBorg and what cryptocurrency exchanges is it available on?
SwissBorg (CHSB) has recently managed to attract the interest of altcoin investors with its rising performance. CHSB, whose price was $ 0.27 at the time of writing, has also increased by more than 65% in the last 7 days. CHSB coin managed to break its own price record by raising its price to $ 0.28 yesterday.
According to CoinGecko data, with a market capitalization of $ 264.7 million, SwissBorg is 66th among the most valuable cryptocurrencies. are shown in the order. Daily trading volume for CHSB is $ 5.2 million. CHSB, whose price in January 2020 was around $ 0.010, is trading at the $ 0.27 band in the last days of 2020, increasing 27 times.
What is SwissBorg (CHSB)?
SwissBorg says it aims to make Asset Management fair and community-oriented, sitting on a decentralized plane. Headquartered in Lausanne, Switzerland, SwissBorg has a multinational team of 75 people. It also has two licenses to provide digital currency exchange and digital currency wallet services internationally, according to project developers. The developers of the SwissBorg project also say that they believe that everyone can manage their own existence thanks to blockchain technology.
The “Wealth App” offered by SwissBorg aims to allow users to safely trade their digital assets and invest in 17 fiat currencies. CHSB, the local cryptocurrency of the SwissBorg ecosystem, offers its investors the following opportunities:
Protection and burning mechanism: 20% of the revenue from the Wealth app is allocated to protect the price of the token. When the price is in falling territory, SwissBorg issues automatic purchase orders.
- Purchased Chsbs are then burned transparently.
- Stake: investors can stake CHSB tokens with Wealth App and trade at zero cost.
- Private access: investors can access private asset management products that will be activated later in the application.
- Voting rights: CHSB holders can have a say in decisions related to the SwissBorg ecosystem; they can determine the future of the application.
SwissBorg is currently listed on 6 platforms. Those who want to invest in CHSB coins can get SwissBorg from HitBTC, uniswap, Kucoin, Livecoin, Bilaxy and YoBit platforms. According to CoinMarketCap data, the platforms listed are eligible to trade under the following pairs:
- CHSB / WETH