CHSB is the native cryptocurrency of the SwissBorg crypto exchange. The coin was launched in 2017, along with the exchange, and it has posted incredible growth over the years. It uses the Ethereum blockchain. With this token, you will be able to use the crypto exchange and can also contribute to the ecosystem and benefit from its growth.
Briefly about SwissBorg Token
The native altcoin of Swissborg was developed jointly by Cyrus Fazel and Anthony Lesoismier-Geniaux. According to the founders of the token, the project is supposed to fix the obsolete banking system. It gives individuals control over their portfolios and investments. The SwissBorg network aims at becoming completely decentralized, meaning holders of the token will be able to vote on governance issues.
By holding CHSB, you can enjoy Swissborg benefits such as way lower exchange fees, high yield and full voting rights.CryptoLists.com
The maximum supply of this token is 1 billion coins, and these were all minted during the initial coin offering (ICO). That means the total circulating supply of the token is 1 billion. However, less than 200 million tokens are currently in circulation since many have been locked for premium benefits or yield-earning.
Utility of SwissBorg Token?
Holders of CHSB tokens can participate in referendums and can offer their opinions on how the network should work. The end goal of the network is to become completely decentralized, and that would require more people to hold the tokens.
You can also enrol in the CHSB Yield 2.0 program and earn interest of up to 17.2% on your holdings. In this program, smaller holders of the token will be able to grow their income rapidly, but larger holders will get better interest rates. This design is meant to promote commitment to the community and grow the ecosystem. You should note that the interest rates change every week, and this can make it harder to calculate your expected yearly earnings.
Users of the network can also stake their tokens and enjoy premium benefits. Since you would have to lock your tokens for a pre-defined period, staking will lower the available supply and increase scarcity. This helps to control the value of the token. Some premium benefits you can get from staking CHSB tokens include lower transaction fees and yield boosts.
SwissBorg Token Price detailsERC20 Contract address: 0xba9d4199fab4f26efe3551d490e3821486f135ba
Advantages at SwissBorg Token+ The coin is compatible with many crypto wallets.
+ You can earn rather generous staking rewards by holding the CHSB token.
+ It is backed by a strong team with headquarters in Switzerland.
+ CHSB token gives holders voting rights on the network.
Disadvantages- Swissborg Token faces stiff competition from other exchange tokens.
- The gas fees are very high, unless using the Swissborg app.
- You won’t find CHSB on many crypto exchanges.
- Volatility can make it harder to use the CHSB token.
Costs▪ Rated at 9/10
As an ERC-20 token, SwissBorg has to be transferred over the Ethereum network. The transfer fees vary depending on the traffic, but they average at around $0.5-2 USD when using the Swissborg app.
It is worth noting that Ethereum has some of the highest fees in the crypto world, so you can schedule your transactions for periods when there is little network traffic. However, when using Swissborg´s plattform it doesn't matter what time a day you make the transaction. All that matters is which membership level you reached. For the highest membership level, there are zero fees when doing CHSB exchanges at Swissborg.
Reputation and Buzz▪ Reputation rated at 10/10
▪ Buzz rated at 9/10
CHSB token has developed a great reputation among crypto traders and enthusiasts. Lots of people like the crypto exchange because it has a transparent fee system, and its charges are generally very low. Investors also appreciate the generous interests offered in the Yield 2.0 program. The Twitter page of the company has more than 111,000 followers. You can sign up on the social media site to participate in discussions about the project.
How many SwissBorg tokens are there in circulation?
The maximum number of CHSB tokens that can exist is 1 billion, and these were all mined during the ICO. However, at the moment, about 200 million tokens are in circulation. The rest have been locked for staking or yield-earning.
What are the benefits of the SwissBorg Premium membership?
Premium membership will allow you to pay very low fees when exchanging tokens on the site. This program also doubles the yield earned on Smart Yield accounts. In order to get Premium membership, you have to stake CHSB tokens.
Where can I purchase CHSB tokens?
You can buy this altcoin on Huobi, Bitfinex, KuCoin, Uniswap, and Swissborg.
Which crypto wallets can I use to store my SwissBorg tokens?
You can store these tokens in popular crypto wallets like Ledger Nano S, Atomic Wallet, Ledger Nano X, and Trezor. When picking a wallet for these tokens, make sure you consider their security features, level of privacy, customer support, and convenience.
What is Yield 2.0?
Yield 2.0 is a program that allows holders of CHSB tokens to earn interests of up to 17.2%. The interests in this program are paid out from the treasury of SwissBorg, so no external transfers will be made.
Screenshots from SwissBorg Token
Related crypto site? Learn more about SwissborgCHSB is a utility token for the platform Swissborg, so it's worth reading more about the company behind below.
The Swissborg team came up with a website to make it fun and easier for people like you to purchase and invest in crypto. The system works seamlessly, so you can make purchases and withdraw any time you want at amazing rates. From our tests, it's also the fastest crypto platform to make transfer to or from - which is important if using multiple platforms. For many transactions to other platforms, it takes less than 30 seconds, while a wide range of other crypto platforms might take 5-20 minutes in the worst case...
›› Read our full Swissborg review here or more directly at their website here.
Swissborg offers flexible staking yields, from a crypto platform with European license.
›› Sign up at Swissborg here