## What Is SwissBorg (CHSB)?

SwissBorg is democratising wealth management by making it fun, fair, and community-centric. Headquartered in Lausanne, Switzerland, SwissBorg has an international team of over 180 people and holds a Virtual Currency License, which allows them to provide virtual currency exchange and virtual currency wallets internationally. 

The company's showcase product, the SwissBorg app, is empowering over 450,000 users to buy, sell and exchange digital assets, with features like AI-powered asset analysis and Portfolio Analytics to help them make smart investment decisions. Their best-in-class Smart Yield wallet gives users the opportunity to earn yields of up to 20% of USDC, along with increasing the benefits of our own token’s staking utility by offering Premium account holders up to 2X yield. 

The SwissBorg token is the heart of the SwissBorg ecosystem, and was one of 2020’s top-performing tokens, skyrocketing by 2,700% and reaching the top 70 tokens on CoinMarketCap.

Their gamified Bitcoin prediction app, Crypto Challenge (formerly the Community App), now has over 300,000 players, helping the cryptosphere reach its goal of mass adoption by providing our players with a free and zero-risk way to learn about the crypto market. 

SwissBorg believes that blockchain technology can empower everyone to control their wealth, and that this is the next step towards a world of decentralised nations, where every individual is welcome and is fairly rewarded for their contributions.

### Who Are the Founders of SwissBorg?

[Cyrus Fazel](https://www.linkedin.com/in/cyrusfazelmrfintech/) 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](https://www.linkedin.com/in/anthony-lesoismier-geniaux-06254a11/) 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. 


### What is the SwissBorg (CHSB) token?
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](https://swissborg.com/blog/community-index).
* **Protect & Burn Mechanism:** 20% of the revenues made on fees in the SwissBorg app are dedicated to [protecting the price](https://swissborg.com/blog/13-protect-and-burns) 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](https://swissborg.com/blog/chsb-yield-boosting-utility) 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.


### What Makes SwissBorg Unique?

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. 


#### Related Pages:

Read more about [Komodo](https://coinmarketcap.com/currencies/komodo/).

Find out more about [Aave](https://coinmarketcap.com/currencies/aave/).

Learn more about [smart contracts](https://coinmarketcap.com/alexandria/article/smart-contract-platforms-defi-outperforming-in-2021-a-data-perspective-by-intotheblock).

Have a look at the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


### How Many SwissBorg (CHSB) Coins Are There in Circulation?

During the initial coin offering ([ICO](https://coinmarketcap.com/alexandria/glossary/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](https://swissborg.com/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.


### How Is the SwissBorg Network Secured?

SwissBorg and the CHSB tokens are [Ethereum](https://coinmarketcap.com/currencies/ethereum/)-based. As an [ERC-20](https://coinmarketcap.com/alexandria/article/what-are-erc-20-tokens-find-out-now-as-the-decentralized-finance-industry-takes-off) token, CHSB will be secured by the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus, as Ethereum itself transitions to it.

Unlike the proof-of-work ([PoW](https://coinmarketcap.com/alexandria/glossary/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. 


### Where Can You Buy SwissBorg (CHSB)?

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


*   [HitBTC](https://coinmarketcap.com/exchanges/hitbtc/)
*   [UniSwap (V2)](https://coinmarketcap.com/exchanges/uniswap-v2/)
*   [KuCoin](https://coinmarketcap.com/exchanges/kucoin/)
*   [Bilaxy](https://coinmarketcap.com/exchanges/bilaxy/)

[Read more](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying crypto.


SwissBorg

Ledger

Trust Wallet

MetaMask

Atomic wallet

Welcome to SwissBorg's Community channel aggregated by CoinMarketCap.

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Renzo

VVS Finance

Creditcoin

MAGA

Celer Network

iExec RLC

COTI

Balancer

Omni Network

Braintrust

CHAD FROG

CateCoin

KAP Games

Wibx

Spectra Chain

MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.

MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators participate in the consensus process.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX

Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.

Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.

Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.

Celsius

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Apps use ICON to operate cross-chain seamlessly, build momentum and gain reputation. ICON's Cross-Chain Framework simplifies cross-chain development with its easy-to-use xCall messaging standard and connections to secure bridging protocols.

ICON

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Ultra is a publishing platform and ecosystem for video games and video game content. Ultra’s mission is to do away with the current monopoly held by publishing platforms like Steam and provide new opportunities to game developers, players, and influencers. Ultra promises a solution that is more equitable to players and developers alike. Players can benefit from immediately playable games, earn UOS by using the platform, and access platform-exclusive games. At the same time, developers benefit from access to more effective marketing tools and the potential for 20% higher sales revenue.

Besides content and game publishing, Ultra offers a demand-side and service-side platform for advertisers, the opportunity for players to resell their used games, and a platform-exclusive app.

Ultra

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

To learn more about this project, check out our deep dive of Ren.

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

Self-described as "Polkadot's wild cousin," Kusama is an experimental blockchain platform that is designed to provide a massively interoperable and scalable framework for developers.

Kusama is built on Substrate — a blockchain building kit developed by Parity Technologies. Kusama has almost the same codebase as Polkadot — one of the most successful interoperable blockchains.

By deploying on Kusama, fast-paced projects gain access to a highly scalable, interoperable sharded network, with features that are not yet available on Polkadot. To that end, Kusama describes itself as a “canary network.”

The platform is designed to provide a testbed for developers looking to innovate and deploy their own blockchain and can be used as a preparatory network before launching on Polkadot — though many projects opt to stick with Kusama for their final product.

Kusama benefits from a low barrier to entry for deploying parachains, low bond requirements for validators, and is most commonly used by early-stage startups and for experimentation.

Kusama

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Qtum (pronounced ‘“quantum”)  is a proof-of-stake (PoS) smart contract open-source blockchain platform and value transfer protocol. It aims to bring together the strengths of Bitcoinand Ethereumin one chain. Qtum is built on Bitcoin's UTXO transaction model, with the added functionality of smart contract execution and DApps. Recently, the platform added support for DeFi applications. As of March 2021, there are more than 20 tokens created on the Qtum blockchain.

To learn more about this project, check out our deep dive of Qtum.

The project was announced in March 2016 and held an ICO a year after, in March 2017, which brought its founders $15 million USD. The Qtum main chain was released on Sept.13, 2017. Initially, the Qtum coin was issued as a ETH-20 token, but with the launch of the mainnet, it was converted to native blockchain.

Qtum

Ontology is a project designed to bring trust, privacy, and security to Web3 through decentralized identity and data solutions. It is building the infrastructure to provide trusted access to Web3, allowing individuals and enterprises to rest assured that through regulatory compliant digital identity solutions, users and their privacy come first.

The Ontology blockchain is a high speed, low cost public blockchain. It is designed to bring decentralized identity and data solutions to Web3, with the goal of increasing privacy, transparency, and trust. To achieve this, users and enterprises are provided with the flexibility to build blockchain-based solutions that suit their needs, while also ensuring regulatory compliance. Through Ontology’s Ethereum Virtual Machine (EVM), Ontology ensures frictionless compatibility with Ethereum, the first step in the creation of the Ontology Multi-Virtual Machine and further interoperability for the chain.

At its launch, Ontology chose to forego the popular initial coin offering (ICO) model in favor of a series of community distributions and airdrops of its ONT cryptocurrency.

This helped to quickly establish both organic price discovery and a passionate community and helped the project to avoid subsequent regulatory scrutiny.

For example, for a brief period any person who signed up for the Ontology newsletter received an airdrop of free 1,000 ONT, which reached a value of $10 per token soon after the token became listed on major exchanges like Binance.

Ontology launched its own MainNet on June 30, 2018 and has been up and running smoothly since.

Ontology

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.

The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders.

The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market.

xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems.

By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry.

xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

xMoney

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem. Get started on Horizen EON today!

Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges, including Coinbase and Binance. ZEN can be staked to participate in Horizen's nearly 50,000 full node network.

While ZEN was previously a privacy token, following ZenIP 42204 in June of 2023, the network removed its existing privacy features in favor of moving towards a vision of adaptability and responsible, scalable growth.

Horizen

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Decred

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Siacoin (SC) is the native utility token of Sia, a blockchain-based distributed, decentralized cloud storage platform. Sia acts as a secure, trustless marketplace for cloud storage in which users can lease access to their unused storage space. Agreements and transactions are enforced with smart contracts, and Siacoin is the medium of exchange for paying for storage on the network. The main goal of the project is to become the "backbone storage layer of the internet."

Sia was originally announced in May 2014 before being revised and re-announced a year later in May 2015. It officially launched in June 2015.

Siacoin

NEM is a blockchain platform that was launched in March of 2015. It was one of the pioneers of the cryptocurrency industry, and sought to improve on the imperfections found on other chains at the time. It was one of the first non-turing complete chains to feature user-defined tokens (called mosaics), namespaces, multisignature accounts, and a P2P reputation system based on EigenTrust++. Its most notable contribution to the space is the proof-of-importance consensus mechanism, which sought to reward on-chain activity and deter the concentration of wealth commonly associated with proof-of-stake. Its client, NIS, is written in Java.

NEM has a global community. It sees the most utility as an alternative form of payment for businesses and vendors, and has a variety of social media apps built on top of it in Japan, such as nemgraph, a community-driven owned and operated alternative to Instagram.

In December 2021, NEM was hard forked by a pseudonymous team of cryptocurrency experts and enthusiasts alike. Titled Harlock, this hard fork signaled the community’s intent to take NEM from a shadow of its former self into the world’s leading payments platform for on-chain and off-chain media content.