Cyrus Fazel is one of the co-founders and current CEO at SwissBorg. He graduated in international business management from the EDHEC Business School in 2007. His professional career started as a portfolio advisor at Julius Baer in 2007. Later on, Fazel became a hedge fund advisor for Aramis Capital. In 2016, his interest in personal finance took a new form, and he helped found SwissBorg.

Anthony Lesoismier-Geniaux is the other co-founder and CTO of SwissBorg. He graduated in finance from Polytech Nice Sophia in 2008 and immediately started working in the field. At first, he was a fund manager assistant and later became head of digital advisory at JFD Wealth. In 2016 he partnered up with Cyrus Fazel and co-founded SwissBorg.

CHSB is a multi-utility Ethereum token (ERC-20) token, and is the heart of the SwissBorg ecosystem. CHSB offers the following utilities:

• Yielding: The CHSB Yield Program revolutionises earning on your crypto by linking the yield paid to the performance of the SwissBorg ecosystem, as measured by the SwissBorg Community Index.
• Protect & Burn Mechanism: 20% of the revenues made on fees in the SwissBorg app are dedicated to protecting the price of the CHSB token. When the price moves into a bearish zone, SwissBorg automatically places buy orders. All purchased CHSBs are then burned in a transparent manner.
• Premium Membership: Users can lock CHSB tokens to get exclusive Premium benefits. The Genesis Premium account gives users exchanges on BTC, CHSB and stablecoins for 0% fees, as well as doubling the yield earnt on Smart Yield accounts on USDC, CHSB, ETH, BTC, BNB, USDT and XRP. The Community Premium account includes 0.75% fees on all exchanges, as well as a 1.5X yield multiplier.
• Exclusive Access: Get access to future exclusive wealth management products in the app
• Community Rewards: Users can earn CHSB rewards by participating in the SwissBorg DAO.
• SwissBorg National Council: In 2021, SwissBorg launched a National Council where token holders can participate in the future of SwissBorg through a decentralised governance mechanism.

According to SwissBorg founders, the current banking system is obsolete, and their project is a response to this problem. By introducing blockchain technology to personal finance, SwissBorg aims to give individuals complete control over their portfolios and investments.

The central values of the company include transparency, equality through meritocracy, and impartiality. The SwissBorg platform depends heavily on blockchain decentralization to ensure that personal data is protected and users can control their funds without restrictions.

The SwissBorg team boasts inclusivity and has members all over the world. The mobile app is one of the top cryptocurrency apps in app stores and has attracted more than 450,000 verified active users globally.

During the initial coin offering (ICO), SwissBorg minted the maximum supply of 1,000,000,000 CHSB tokens. All of these tokens have been released, which means that the total circulation of SwissBorg tokens is also 1,000,000,000.

About 38% of all CHBS tokens were allocated to community sales to the public. Another 20% of the tokens were distributed among team members as rewards for creating the platform. Close to 10% of the total supply was directed towards strategic investors, while another 15% was dedicated to the second round of funding for the project. Finally, SwissBorg distributed close to 14% of all CHBS tokens to experienced investors, who had already stated interest in the project.

According to the SwissBorg website's (CHSB overview]) page, there are now fewer than 200,000,000 CHSB left in circulating supply, with the majority being locked by app users for Premium benefits, or in yield-earning wallets.

SwissBorg and the CHSB tokens are Ethereum-based. As an ERC-20 token, CHSB will be secured by the proof-of-stake (PoS) consensus, as Ethereum itself transitions to it.

Unlike the proof-of-work (PoW) consensus employed by Bitcoin, PoS relies on majority holders to mine new tokens. This consensus method is significantly more versatile compared to PoW, as it introduces the process of staking to the blockchain layer.

In addition, PoS is becoming more popular among developers and users alike because it is more energy conscious. While PoW requires a lot of computing power for mining, PoS relies on static coin holdings and gives more mining power to users with a more significant stake.

SwissBorg can be traded at a number of popular exchanges, including:

• HitBTC
• UniSwap (V2)
• KuCoin
• Bilaxy

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