Topic: [ANN][ICO] SwissBorg | The Blockchain Era of Swiss Wealth Management - page 3. (Read 50930 times)

Great, passive income is the one that people have been waiting for, I think there will be many people who support it. About the buyback program, because the fund for that is 20%, so I guess there will be a minimum of funds collected first from a bunch of fees to get it started, maybe $5000 or $10,000.

There is currently no staking function with which passive income is generated with. The staking function currently only reduces the fees from Fiat to CHSB/BTC and CHSB/BTC to Fiat. However, a staking function with passive income is planned, but there is no information available yet. The buyback will take place periodically. There will be more information about this.

You have given some good explanation, but my question is whether you will not provide any rewards for staking the coins, what is the minimum amount we can stake in order to get the staking reward? Whether you will provide specific dates for Buyback because through Buyback the value of the coin will surely increase.

A new video episode with the CEO and cofounder of SwissBorg, Cyrus Fazel expresses his opinion, cryptocurrency stock market prices and the latest news https://www.youtube.com/watch?v=0PBpOGYGWvY&feature=youtu.be

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.

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.

But to remedy the situation is not easy because during the fall of the Swissborg project a lot of trust was lost so they left it, in order to re-establish the team must have an idea to restore confidence in the Swissborg project so that it is followed by CHSB price quality.

I still remember very well how successful this project was, and when they held prizes and airdrops, many participants participated in their project at that time and as I recall many participants who made quite a lot of incomes participating in this project, hopefully the team will be able to return the swissborg project that success and can also increase the price of the CHSB token instead, honestly I really hope that projects like swissborg will reappear in the forum.

Right, Swissborg was one of the projects that reached the hardcap at the time of the ICO, although the price of CHSB tokens fell after being listed on the market, the team was still actively developing the project, and since the beginning of this year the price of CHSB tokens has continued to increase

Many still hope that this swissborg project will continue to be developed by their team, because that will push the price of swissborg tokens back up to increase, I think now the team needs to take good planning to continue making this project work in the future, especially if you look at history the swissborg project in the past which was one of the ICO projects which was quite successful and had a high enough price when it was exchanger.

I'm sure they realize this, if it is true they are still active, I hope they are planning a way to improve the quality of their tokens. As long as they don't disappear, there is always a way to increase it.

They are actually celebrating milestones in terms of users of their product but I can see that the price is still low. Is there very little demand on the token?

In terms of team activity, they are indeed very active. They are always coming with updates.

It seems the entry of the year 2020 is also bringing some movements in volume and price for CHSB, though. I just hope this will be sustained.

It is hard to say what future will be of this project because it is still painful experience for all investors there is no partnerships or adoption happened in the meantime. The team is active but their efforts are not fruitful for the project so they have to adopt the aggressive approach to make this project appealing and attractive.