SwissBorg, a Crypto Wallet Solution Presents Safest method to store Crypto
One of the most popular acronyms in the Cryptocurrency space is ‘DYOR,’ which stands for Do Your Own Research. This is because of the high risk involved while buying or selling Digital Currency and the high volatility of the crypto market that prioritizes safety first, which is possible only after thorough research, irrespective of your level of experience or expertise.
From time immemorial, markets have shown us different situations wherein investors lost control of their funds. The latest example is Celsius Network blocking withdrawals, transfers, and other activities on its platform. Therefore, it has become essential to protect user funds now more than ever, especially in the current bear market since this is necessary for Digital Currencies to attain mainstream adoption.
Fortuitously, there is a platform currently providing a secure and easily accessible solution to this problem, SwissBorg, a Cryptocurrency wallet solution that combines the best of centralized and decentralized finance to store, buy/sell, and provide yield on Digital Assets. With this innovative solution, cryptocurrency investors can be rest assured that their stored funds are safe, and in the event of a bankruptcy, hack, or a scam, they can still access their digital assets and currencies.
The SwissBorg platform provides Cryptocurrency investors with a secure wallet solution for trading and accessing yields on investment. Its users are able to rest easy knowing that at the control of this innovation is a group of finance and technology experts dedicated to democratizing wealth management and changing the cryptocurrency investment narrative.
Also Read: Binance Looks To Hire 2,000 Employees Amid A Slump In The Market
To safeguard funds, SwissBorg wallet’s structure ensures that its users always have access to their funds 24*7. This is done by separating user funds from corporate funds, which is enforced by the ‘Virtual Currency License’ they hold.
Also, instead of choosing between Centralized Finance (CeFi) and Decentralized Finance (DeFi), SwissBorg merges the best of the two spaces to make wealth management enjoyable, transparent, and community-focused. Additionally, the platform prides itself on the security its treasury is built on as two-thirds of investments are held in both fiat and stablecoins. This way, it is ensured that there is financial stability to a high degree. The rest of its treasury is directed at investing in ‘lower-risk’ digital currencies. These include top market share holders such as Bitcoin and Ethereum, alongside the ‘$CHSB’ tokens.
What are $CHSB tokens?
Swissborg primarily uses the $CHSB Tokens to provide financing for the CHSB Yield 2.0 and recompense the SwissBorg community for their participation in the ecosystem’s growth. However, a portion is held by Swissborg in its treasury to serve as an emergency fund if necessary.
Safety First, Always!
For SwissBorg, the safety of the funds always comes first. Hence, they have partnered with Fireblocks, one of the largest custody providers in the world, to help secure the platform. They do this by using MPC keyless technology and advanced Cryptography to secure users’ assets and personal data.
Swissborg platform has multiple risk management strategies and reliable budgeting practices, both of which helped to avoid any exposure to UST and stay clear of the inevitable crash. The platform has always prioritized security and has undergone several auditing to create a highly secure environment for investors. Back in 2021, multiple trusted white hat hackers were engaged to carry out a penetration test on the platform and SwissBorg passed this test with flying colors. This also improved Crypto investors’ trust in the platform.
Also Read: SEC Launches Probe Into Insider Trading In Crypto Exchanges
SwissBorg’s mission is to create a platform built on safety, dependability, and transparency. This is why their treasury only consists of Cryptocurrencies that have proven themselves and are evidently here to stay. As for the bear market, SwissBorg has put contingency plans in place to hedge against further downtrends. They plan to help rebuild the trust and confidence of crypto investors, while simultaneously educating them that there is always a light at the end of the tunnel.
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