Modified using an image from wikimedia
With Altseason well underway, and some of the biggest gains still to come, I thought it was about time I started shilling my bags hard! Seriously, isn't that what it is all about? 🤑
Hive goes without saying. And I'm starting to build up my Leo little by little.
But there is a whole wide wonderful world of speculative assets out there that deserve a little attention and Swissborg is among my favorites.
Why? You may ask. What is so special about the CHSB token and the Swissborg app?
For me it is all about tokenomics and making decent gains. Forget all that noise about world changing technology and paradigm shifting applications... show me that sweet cashola 😉
Let me get serious though for a minute. Fundementals are important, and I never go for an alt without a good underlying use case. To increase the chances of success taking a punt on a speculative asset it is essential to get one with a strong team, active development, a community of users... and then sell it when the hype train is about to blow a gasket. That is my strategy with altscoins, they all become overvalued in a bull run and it is a universal law that what goes up must come down.
Always take profits as they go up!
Swissborg has already seen a more than 10x rise from where I bought in at $0.03. So you could be excused for thinking that this is it. The run is over!
There are many reasons why I think that this CHSB rocket has only just launched and hasn't even left earth's atmosphere yet. Below I will outline the most important factors that bring value to this token.
1: Zero Fee Trading with 50000 CHSB Staked
As big money enters this space not everyone is going to want to pay institutions for inclusion in OTC (over the counter) crypto hedge funds. Some traders will want to take advantage of the unique selling point of bitcoin and other cryptographic assets - the ability to manage/trade your own wealth.
For larger investors dropping $25000 to buy the required stake of CHSB is nothing, and well worth the investment given how high fees are at most exchanges. Once staked, the premium account allows zero fee trading on BTC, CHSB and stable coins. This can save tens of thousands of dollars/year when trading with larger amounts.
For example, if someone wants to buy one million dollars of Bitcoin on Coinbase they charge a variable percentage fee of 1.49%. ($14,900 worth of fees). In my example, our millionaire investor would save a lot in the long term as trading fees can rack up to the tens of thousands over time. There is also an added incentive in purchasing an asset that should appreciate over time.
The Swissborg app allows you to deposit from your bank easily and then buy from a selection of exchanges giving you the best BTC price across the board. The Swissborg app will execute at the best price on orders from the following crypto & Bitcoin exchanges: Binance Kraken Lmax HitBTC.
In regards to increasing the CHSB token value, the 50000 premium staking level effectively locks up massive portions of the token's value, and as we all know scarcity equals price increase in cryptocurrency land 🤣
2: Yield Farming without the Hassle of Uniswap & ETH Gas Fees
Swissborg recently launched their smart yield feature that allows you to earn a passive income on your CHSB token. They already had this feature for stable coins but the addition of yield farming on their native token strengthens the incentive to hold the tokens. The smart yield wallet tokens can be transferred to your regular wallet whenever you want, allowing users to take profits or decrease their stake on a daily basis.
To get an impression of the effect that this had upon the price of CHSB token, check out the screenshot below. The smart yield feature for CHSB was opened up to non-premium users on Jan 28 2021. Just after the announcement the price shot up 67% from $0.40 - $0.68, and it has recently settled around $0.55.
As can be seen in the first CHSB chart I shared, the asset has exhibited this stair stepping action since September 2020 after their app was launched. This healthy growth leads me to believe that the tokenomics are working, and that Swissborg will continue the same patterns until the end of Altseason.
3: Asset Appreciation through Protect & Burn
The team at Swissborg have built it into the ecosystem to keep the downward selling pressure low and buying pressure high. Through their robust token burn policy, large portions of the asset are burned at strategic times when the market as a whole is dipping.
With Protect & Burn, we reward long-term CHSB holders by placing orders to buyback and burn only when the price of the token is going down. In this way, we protect our token and, more importantly, our long-term token holders in alignment with our mission to promote innovation that rewards our loyal community members.
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This strategic burn policy ensures that the decrease in supply isn't wasted at times when the market is already strong. It will never be the case that there is a spontaneous combustion of tokens with no benefit to price.
4: Transparency and Analytics for new investors
Let's face it, not many of us will fit into the millionaire investor category. I certainly couldn't afford to buy the full 50000 CHSB for a premium account even when getting in at $0.03. In retrospect I wish I'd taken out a loan to buy 50k of CHSB back then because my $1500 investment at that time would have been worth just over 25k now 😂
Oh well... you live and learn.
The Swissborg wealth app provides great analytical tools for the new investor, as well as making all fees (for those without premium accounts) completely transparent. I bought a decent chunk of Bitcoin using Swissborg in mid-December and the process was seamless. Before placing your order it tells you in real time exactly what fees you will pay, and how much BTC you will receive based on the best price at the exchanges.
Understand your wealth with Portfolio Analytics, that clearly shows when you are making money, and when you are paying fees. With a simple overview of your profits, fees, asset allocation and historical balance, the Wealth App’s Portfolio Analytics gives you the insight you need to manage your wealth.
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The portfolio section also provides simple analytical tools for assessing market sentiment, as well as gains/losses expressed in percentage and currency. All of these features help the less experienced investor to make an informed decision about how to manage their crypto wealth.
There is so much upcoming development with the Swissborg ecosystem including plans to add more assets to the wallet and include more coins in the smart yield feature.
To find out more please visit: https://swissborg.com/
Thanks for reading.
All media used in this post is creative commons license, from giphy.com or credited beneath the image.
Nothing in the this post constitutes financial advice. These are my opinions and all investments should be researched and entered into at your own risk.
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