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What is Swissborg coin (CHSB) and how does it work?

by Financial Economy

SwissBorg (CHSB) is a Switzerland-based asset management platform developed by a team of finance and technology experts focused on making digital asset management accessible to more individuals. Wealth apps allow users to easily buy, store and/or trade blockchain-based digital assets. The native token of the platform is Swissborg coin CHSB. Detailed information about what is Swissborg coin CHSB and how does it work, how to buy it, how much is the price, etc. is located in the continuation of the content. You can browse here for information about CELO coin.

What is Swissborg coin (CHSB) and how does it work?

SwissBorg states that it aims to make asset management fair and community-oriented by sitting on a decentralized plane. SwissBorg, headquartered in Lausanne, Switzerland, has a multinational team of 75 people. It also has two licenses to provide its digital currency exchange and digital currency wallet services internationally, as reported by the project developers. The developers of the SwissBorg project also state that they believe that everyone can manage their own wealth thanks to blockchain technology.

With the “Wealth App” offered by SwissBorg, it is aimed that users can 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 set aside to protect the price of the token. When the price is in the bearish zone, SwissBorg automatically places buy orders. Purchased CHSBs are then transparently incinerated.
  • Staking: Investors can stake CHSB tokens with the Wealth App and trade at zero cost.
  • Exclusive access: Investors can have access to special asset management products that will be activated later in the app.
  • Voting rights: CHSB holders can have a say in decisions regarding the SwissBorg ecosystem; can determine the future of the application.

How to buy CHSB and how much does it cost?

Swissborg (CHSB) can be purchased on the listed cryptocurrency exchanges. It should be noted that the exchange to be traded is a “trusted” cryptocurrency exchange. As of 30.06.2021, 1 CHSB is around 0.56 dollars.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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