The need for security in a crypto market like this cannot be overemphasized. With recent events such as Celsius halting withdrawals and transfers, it has become imperative to protect user funds. This is why it is important to have secure solutions for stores, businesses and produce like Swissborg. With such a product, crypto investors can be assured that their stored funds are safe, and in the event of bankruptcy, hack or scam, they can still access their digital assets.
Savings with Swissborg
Swissborg provides the most secure wallet, trading and yield solutions for crypto investors. Users are able to rest easy knowing that on top of this product is a group of finance and technology experts committed to democratizing money management.
Rather than having to pick and choose between centralized finance (CEFI) and decentralized finance (DeFi), it merges the best of these two spaces to make wealth management fun, transparent, and community-focused.
An important part of the Swissborg model is what makes it a treasure. Instead of jumping the gun and putting most of their treasure in cryptocurrencies, two-thirds is kept in both fiat and stablecoins. In this way, it ensures that there is a high level of financial stability. Of the rest of its treasury, it invests only in ‘low-risk’ cryptocurrencies. These include the ‘$CHSB’ token as well as top market movers such as Bitcoin and Ethereum.
The $CHSB token is primarily used by Swissborg to provide funding for CHSB Yield 2.0 and reward the team. However, a share is kept by the platform in its treasury to serve as a rainy day fund if required.
Swissborg’s structure ensures that users always have access to their funds, no matter what happens on the platform. It does so by separating user funds from corporate funds, which are enforced by a ‘virtual currency license’ it holds.
safety first, always
For Swissborg, the safety of customers always comes first. This is why it has partnered with Fireblocks, one of the world’s largest custody providers, to help keep the platform secure. It does so by using MPC keyless technology and advanced cryptography to secure the assets and personal data of users.
The platform has multiple risk management strategies and reliable budgeting practices, both of which helped it avoid any risk of USTs and stay away from the inevitable crash.
Back in 2021, several trusted white hat hackers were engaged to conduct penetration tests on the platform. Swissborg passed this test with flying colors. It improved its trust and security among crypto investors.
Swissborg aims to create a platform built on security, dependability and transparency. This is why its treasury only consists of cryptocurrencies that have proven themselves, although it supports altcoins.
For a bear market, Swissborg has put in place a contingency plan to hedge against further downside. It plans to help rebuild the trust and confidence of crypto investors, as well as educate them that there is always a light at the end of the tunnel.