The future of SwissBorg Wealth App?

I have transcribed the last SwissBorg AMA conducted on 2021-07-14 to summarise what happened on SwissBorg during Q2 2021 and the upcoming news.

What is SwissBorg ?

SwissBorg is a reliable and accessible asset management ecosystem powered by blockchain technology. SwissBorg puts your wealth in your hands to increase trust, inclusion and freedom in the world of finance. SwissBorg's vision is to develop a wealth management ecosystem that is accessible to all. You can currently buy / sell 17 crypto currencies and generate Yield interests with 7 crypto (USDC, CHSB, ETH, BTC, BNB, XRP and USDT). SwissBorg is increasing the number of crypto (DOT / LINK) and the Yield (DAI) available on the platform.

SwissBorg key figures on Q2:

• May 13: SwissBorg surpassed $2 billion under management
• June 14: 20 Protect & Burn executed in 16 months with 6.8 million CHSB tokens burned forever
• May 6: $100 million was added in Yield BTC, that is after less than 24 hours after the launch of Yield
• May 5: SwissBorg became a unicorn with one billion in assets under management
• June 30: The 10,000 Community Premium is reached (Yield boosted to x1.5 instead of x1 and trading fees reduced to 0.75% instead of 1%)
• April 1: 50,000 members use the Yield CHSB

Yield details from July 2021:

• USDC: 16,000 users / $207 million / 16.98% interest per year on average => Yield launched in December 2020
• CHSB: 52,000 users / $194 million / 8.30% interest per year on average
• ETH: 34,000 users / $199 million / 7.98% interest per year on average
• BTC: 24,000 users / $142 million / 6.06% interest per year on average
• BNB: 7,000 users / $10 million / 9.26% interest per year on average => Yield launched in May
• USDT: 351 users / 1 million dollars / 8.00% interest per year on average => Yield launched in June
• XRP: 270 users / $867,000 / 4.00% interest per year on average => Yield launched in June
• Total assets in yield: $755M

SwissBorg offers full transparency of its Yield with monthly reports. It is the only company that provide reports.

CHSB Yield :

• Community index: Maximum score : 9.3
• Maximum Yield : 10.5% /
• Average yield : 8.3%
• 81k users have CHSB in the Wealth App / 8 million CHSB distributed with the Yield CHSB
• You can still enjoy reduced trading fees (0% for BTC and CHSB for example) and doubled Yield if you take Genesis Premium. Requires locking in 50,000 CHSB for 365 days.

CHSB in detail:

• Historical High (ATH): $1.64 in 2021
• 70% of total CHSBs in circulation are locked for Premium or present in Yield
• 165 million CHSBs blocked by 15 487 Premium users (Genesis and Community combined)
• 94,354 members have CHSBs in the Wealth App
• 6,800,000 CHSBs have been burned on 20 Protect & Burn (the CHSB is a deflationary currency)
• 330 million CHSB in the Yield

Updated Yield rate for CHSB:

? SwissBorg wants to initiate a change on the Yield CHSB to favor small savers and allow them to earn more CHSB tokens.

? CHSB scarcity will increase and selling pressure will decrease. This will benefit all CHSB users. CHSB rates of return will be adjusted based on the number of CHSBs owned to try to favor small savers. Large Holders will see their rates of return decrease.

? For example, a member with 1,000 CHSBs will have a better rate than one with 100,000 CHSBs. This rebalancing of rewards will encourage the purchase of Community Premium and therefore increase member retention. Also, the more members who are Community Premium and lock in CHSBs to earn interest, the more the CHSB price will increase which will reward all CHSB holders.

? The coefficient of Yield according to the number of CHSB owned is not defined yet. This is a topic under consideration to promote mass adaptation of SwissBorg Premiums. New information will be communicated during the next PoW WoW. SwissBorg has chosen to share the rewards to its entire community, not just the wealthiest.

? CHSB adoption is the key to growing the SwissBorg ecosystem to develop new products or features. This adoption will be able to be boosted by increasing the utilities of the token. SwissBorg wants to implement more and more decentralization through referrals.

Listing of the token CHSB on BitFinex:

This is one of the major news of this AMA. The CHSB token is going to be listed on Bitfinex. This crypto exchange is mainly used by institutions and big traders. It is a historical player in the crypto ecosystem. This will open up partnership opportunities to improve synergy between the 2 companies, for example working on the upcoming listing of a Euro stablecoin.

SwissBorg has been trying to list CHSB on a top tier exchange. This is a long term job (3 years). Bitfinex has finally signed up for it. This good news will allow new listings on new important exchanges. This listing will also increase the liquidity of CHSB, the trading volume and change the category of the CHSB token (enter the 50 most valued crypto in the world?). 

SwissBorg has done several NFT airdrops (20th Protect & Burn for Genesis Premium and during AMA). Also SwissBorg gave an airdrop of a total amount of $50,000 in Chiliz (CHZ) to the most active users on the platform.

SwissBorg is thinking about creating personal indexes to multiply the yield rate for example by favoring members with a high score. Each action will have repercussions on their Community Score. This feature would reward the most loyal members.

Addition of an external market maker (order book) following the listing on Bitfinex. Mandatory following the listing on an important exchange. This will smooth the price of CHSB, the CHSB order book will be better done. SwissBorg will get help to realize this market maker. Bitfinex is one of the only exchanges that has not suffered from hacks during its history nor from crashes (downtime) during the last years with important crashes when large amounts of liquid trading orders on BTC.

Discussions repeated with projects like ChainLink and AAVE. KUCOIN and HitBTC was not enough to have enough liquidity for ChainLink to audit and validate the SwissBorg project. After the listing of CHSB on Bitfinex, this will now be possible. Bitfinex will also be added to the Smart Engine as a 5th route next to the Binance, LMax, HitBTC and Kraken exchanges. It might be possible to take loans with the AAVE protocol with its CHSBs.

SwissBorg Venture:

Primary investments in CoinBase, Uber, AirBnB or Revolut are reserved to an elite, sometimes via crowdfunding platforms. SwissBorg Ventures wants to give access to nice returns with smart investments to everyone.

SwissBorg has invested in 5 projects:

OCCAM.FI => DeFi Protocol

HoDooi => NFT management

DeFire => DeFi Protocol

KiFoundation => Provision of crypto credit cards such as Revolut. Potentially, SwissBorg will use this project to create their crypto card.

Unbound Finance => DeFi Protocol.

SwissBorg Ventures will allow early investment in projects with high potential to have high returns. It will build an ecosystem of partnerships to allow anyone to invest in very interesting projects and thus access a market that can make x50 and completely change their destiny by having extraordinary returns.

Creation of the SwissBorg Governance with the implementation of a National Council:

• 40 Genesis users => During 2021-2022
• 50 SwissBorg employees => Running 2021
• 30 top sponsors => September 2021
• Top 30 DAO contributors => June 30, 2021
• Top 50 CHSB holders => March 2021

This board is used to put forward great ideas and formulate initiatives. 8 initiatives have been submitted by members. The top 3 initiatives will be selected and a final vote will then list the best of them in the SwissBorg roadmap. It is a structure that allows to give one's opinion for a better world, to reflect on the SwissBorg ecosystem and to communicate on new topics.

SwissBorg 2021 Roadmap: 

? May: Launch of Community Premium

? June: Listing of USDT / XRP, Launch of USDT and XRP Yield

? Q3 2021: Release of CryptoChallenge app to replace the Community app, Listing of DOT and ChainLink, Implementation of "Server side PIN" to strengthen the security of the app, Update of Yield CHSB to version 2 and the release of the SwissBorg shop (tee-shirt, cap, jewel)

? Coming soon: Recurring Investment (DCA) and Thematic

? Future: IFO Launchpad (earn crypto by stacking CHSBs), Yield on Euro and Research & Development

SwissBorg community wants to access to a crypto bank card. This is not currently in the roadmap, even if SwissBorg is thinking about it. There are already many competitors who offer this type of functionality like BINANCE or Crypto.com, it's their identity. SwissBorg wants to hire new people to manage the payment topic in order to facilitate the payment for the purpose of investing in the Wealth App. SwissBorg allows you to manage your wealth with innovative products. SwissBorg wants to create products that do not exist on other platforms.

What is the purpose of the "Thematic" feature?

It's about combining cryptos together to generate capital gains. With a few clicks, it will be possible to select crypto with monthly adaptation (dynamically reallocated) according to a theme to choose (sustainable development or gaming). SwissBorg is focusing on this opportunity, which is unique in the crypto market by helping anyone automate / simplify the management of their crypto portfolio. More tokens will be listed in the SB roadmap and thus in the Wealth App.

Crypto Challenge (as replacement of the Community app):

? The Community App (and soon the Crypto Challenge) allows everyone to learn in a fun and interactive way through a game. It's a great way to gather knowledge about crypto and trading. The SwissBorg Community mobile application allows you to earn cryptocurrencies (BTC and CHSB). The aim is to predict whether the Bitcoin price will rise or fall in the next 24 hours without any investment.

? This new app will grow the SwissBorg community with monthly competitions. The first 1000 players will be rewarded with crypto. It will be possible to transfer the winnings from Crypto Challenge directly to the Wealth App.

? The Community app should be closed when the Wealth App was originally launched. However with all the activities and projects launched, the end of the game has been pushed back. The Community app will now end before the start of autumn.

IFO Launchpad:

? Allows you to democratize the launch of new tokens through the SwissBorg Wealth App in the easiest way. With just a few clicks.

? You will have to block a certain number of CHSB to farmer new tokens in launch. And then take advantage of the rise of these tokens to generate nice capital gains.

? The first partnership signed for the IFO LaunchPad will be the OCCAM project available on the Cardano blockchain. OCCAM.FI carries the ambition to become the first all-in-one DeFi ecosystem

developed on Cardano. Occam's teams gather experts and veterans of the blockchain. They intend to bring solutions to support the massive adoption of the Cardano network.

Strengthening the security with a "Server Side Pin":

? The pin code will be configurable to 6 digits (instead of 4). There will be the possibility to whitelist wallets to perform transfers.

? SwissBorg has been approved by one of the best companies (SCRT) in the world working in Blockchain security. The SwissBorg system has been certified, proving that the developments are of high quality and protect your funds.

? Big work from SwissBorg to improve the scalability of the application. Going from 4000 members to 435,000 users was therefore the subject of a major work for the fluidity of the application and the continuous improvement of the Smart Engine to perform trade.

Questions answered by SwissBorg during the AMA: 

1) What is SwissBorg's long-term vision (5 years)? How does SwissBorg want to develop its ecosystem (crypto listings, new projects and the next uses of the CHSB token)?

Extremely difficult to predict the future of SwissBorg in 5 years, the use of currencies are evolving very fast. The COVID is making the situation evolve even more strongly, potentially with the implementation of a universal income for example. SwissBorg aims to launch new projects such as SB Ventures or SB IFO LaunchPad but also to list new crypto. SwissBorg is looking to increase the number of decentralized projects like Yield. The classic investment world (stocks) will be increasingly integrated into the Wealth App.

2) What new countries will be available in the app and what new currencies will be managed?

SwissBorg is working on getting the licenses to operate in all European countries and have regulations from different financial institutions. It is up to the users to choose which countries or currencies the community wants to integrate. SwissBorg is now mainly looking at emerging countries where the crypto universe is exploding, such as Turkey, Brazil or the Balkans. SwissBorg also wants to put more priority on Germany and Austria. The rate of use in these countries is lower than the French-speaking world, or England. The goal is not to conquer all countries, but to get a large market share in Europe.

3) Is investing in crypto profitable in the short term and long term?

There is a difference between short and long term. Short term is favored by traders. The investors do it in the long term. It is possible to understand the difference between trader and investor with the 3Ps: Profit, Product and Philosophy. An investment is generally made on the medium / long term to benefit from the price increase associated with the token of crypto projects.

4) Would it be possible to have interest on CHSB tokens blocked for 1 year to be Premium?

Indirectly, SwissBorg members receive these benefits with the premium because the yields of the Yields are boosted. This operation is not on the agenda but could be implemented in the future.

5) What is SwissBorg planning to do to democratize the use of crypto to the largest number?

Mainly the promotion of the Crypto Challenge + app and MasterClass (videos). The SwissBorg Wealth application is one of the easiest, if not the easiest to use for novice users.

6) When will a Euro stablecoin be available on the Wealth App?

SwissBorg is working on this with several crypto projects. In particular, there are discussions with Mimo (MIMO) / Parallel Protocol (PAR) project which replicates the operation of DAI for the EURO. A Euro stablecoin is of great interest to SwissBorg, which is mainly oriented towards the European market.

7) Why have the yields offered by SwissBorg Yield dropped?

You have to look at the medium / long term to be able to compare platforms in terms of yield. Not just on one day. SwissBorg yields are updated daily based on market conditions. Some platforms offer better rates with a crypto lock-in period, which indicates that the liquidity of these platforms is not complete. On SwissBorg, users could get back the $755 million deposited in Yield in less than 24 hours. There is no liquidity problem.

Final Thoughts

It was a very emotional quarter. For the past 4 years, SwissBorg has been working to raise awareness of its project and improve the proposed ecosystem. The future will be very challenging and interesting. Beyond the financial performance, there is the will to provide a different financial model.

We will remember this last quarter for some really fabulous figures, 755 million dollars in management in the Yield, 435 000 validated members. A lot of recruitments (+40 people in the last quarter) to enlarge SwissBorg team in order to propose a new face of finance and wealth management for everyone. 

What do you think about the future of SwissBorg ? What are the drawbacks or non-existent features for SwissBorg to become a leader in the crypto market? 

I personally look forward to playing with the Crypto Challenge app, investing in environmentally friendly themes and generating new cryptos with the LaunchPad.

----------------------------

For more information about SwissBorg, check out their social media:

----------------------------

Telegram Discussion Group: https://t.me/SwissBorgChat 

Telegram Announcements: https://t.me/SwissBorg 

Facebook French Speaking Community Group: https://www.facebook.com/groups/swissborgfrancophone/  

Facebook English Speaking Community Group: https://www.facebook.com/groups/swissborg.cryptoapp/  

----------------------------

Twitter: https://twitter.com/swissborg and https://twitter.com/CChallengeSBorg 

Facebook: https://www.facebook.com/swissborg/ 

Instagram: https://www.instagram.com/swissborg/ 

Reddit: https://www.reddit.com/r/swissborg/ 

----------------------------

To see or review the AMA, follow this link: 

Feel free to comment on what you think of the news announced by SwissBorg during their AMA Q2 2021 :)