This is 2017 project. Can you please update us about where this project stands right now? Everything listed in your project is implemented or not. And most importantly wt's your coins price now.
Swissborg has been working on a smart engine for more than 2 years to be ahead of all current crypto exchanges and providers. Swissborg's Wealth App which integrates the Smart Engine, is kinda like a Meta-Exchange. The Smart Engine consists of two interconnected systems, a liquidity aggregator and an OEMS (Order & Execution Management System). These components are equipped with the latest technology, institutional users, so that orders can be executed in fractions of a second to achieve the best execution at the best price in real time on 4 different exchanges!
It is important to mention that the connectivity of many exchanges creates trading pairs that do not currently exist.
The SMART ENGINE will execute orders across multiple exchanges to get the best
TRUE price execution while maintaining liquidity. The SMART ENGINE is expandable at will and the Wealth app will only list innovative, important tokens & coins.
This offers the
following advantages over other apps from similar service providers
when using the Wealth app:
- Execute the orders at the best market price
- Instead of many exchange accounts, just one is enough
- Save time with the lightning fast execution
- New Fiat crypto trading pairs that don't currently exist.
In the first version (V.1) of the Wealth App, only BTC, ETH and CHSB will be offered. However, further tokens / coins are to be listed on an ongoing basis. The SMART ENGINE will use 4 crypto exchanges (Binance, HitBtc, LMAX and Kraken). Another exchange is expected to be added in 2020. The introduction of the first index (SB5) is planned 6 months after the app is published.
The CHSB token, the official SwissBorg token, is a multi-utility token for participating in the SwissBorg ecosystem. 3 utilities are currently planned:
1. Staking: By stacking a certain number of CHSB tokens, Swissborg grants 0% commission for Fiat / BTC and Fiat / CHSB trading pairs.
2. Right to vote: CHSB holders can support the development of the ecosystem via. Influence referendums. By participating, all participants will be rewarded. (With tokens / coins) - No dividend!
3. Buy Back and Burn: 20% of the fees collected will be used monthly to buy back and destroy CHSB tokens from the market.
According to the team, further useful utilities are planned with the introduction of further products.