Introduction to SwissBorg (BORG) coin issuance price and quantity

The initial issuance price of SwissBorg's native utility token, BORG (formerly CHSB), was CHF 0.46 during its ICO in 2018.

Dec 20, 2024 at 07:28 am

Key Points:

• Issuance Price: Initial issuance price of CHSB was CHF 0.46.
• Circulating Supply: SwissBorg has a circulating supply of 200 million BORG tokens.
• Total Supply: SwissBorg has a total supply of 1 billion BORG tokens.
• Use Cases: BORG is used for staking, governance, and accessing premium features within the SwissBorg platform.

Introduction:

SwissBorg is a unique platform that combines a cryptocurrency exchange, a yield farming aggregator, and a mobile wealth management app. The platform aims to make cryptocurrency investing accessible and rewarding for everyone. At the heart of the SwissBorg ecosystem is its native utility token, CHSB (now rebranded as BORG).

Issuance Price:

SwissBorg's BORG token was launched through an initial coin offering (ICO) in 2018. The token was initially priced at CHF 0.46 during the ICO. The ICO raised a total of CHF 50 million from investors worldwide.

Circulating Supply:

SwissBorg has a circulating supply of 200 million BORG tokens. The circulating supply represents the tokens that are available on the market for trading and usage. The remaining 800 million BORG tokens are held in reserve by the SwissBorg team and can be released gradually based on its future platform developments and user adoption.

Total Supply:

SwissBorg has a total supply of 1 billion BORG tokens. The total supply represents the maximum number of BORG tokens that will ever be created. The total supply is fixed and cannot be changed, ensuring the scarcity and potential value appreciation of the token.

Use Cases:

BORG has various use cases within the SwissBorg platform, including:

• Staking: Users can stake their BORG tokens to earn rewards in the form of additional BORG tokens. Staking helps secure the SwissBorg platform and contributes to its decentralized governance.
• Governance: BORG token holders have the right to participate in the governance of the SwissBorg platform. They can vote on proposals that shape the future of the platform and influence its development roadmap.
• Premium Features: BORG token holders can access premium features within the SwissBorg app, such as lower trading fees, exclusive rewards programs, and advanced portfolio tracking tools.

FAQs:

• What is the difference between CHSB and BORG? CHSB was the original token name launched in 2018. In 2022, it was rebranded as BORG, although its ticker symbol remains CHSB on most exchanges.
• How can I buy BORG tokens? BORG tokens can be purchased on various cryptocurrency exchanges, including SwissBorg, Binance, and Coinbase.
• What is the future potential of BORG? The future potential of BORG is tied to the adoption and growth of the SwissBorg platform. As SwissBorg expands its user base and introduces new features, the demand for BORG tokens is expected to increase, which could lead to potential price appreciation.