SwissBorg Price

About the coin

SwissBorg is a prominent player in the cryptocurrency space, having launched its flagship product, a comprehensive crypto management app, during the ICO era of 2017. The app has gained significant traction, boasting over 1 million registered users as of 2024. SwissBorg's mission is to provide retail users with a seamless experience in managing their crypto assets, offering a range of services from on and off-ramping to exchanging crypto and fiat currencies.

Main features

The SwissBorg app is packed with features designed to cater to the diverse needs of its users. It includes a CEX & DEX aggregator (MEX), staking options, and various passive income opportunities through its Earn feature. Users can also invest in cryptocurrency bundles known as Thematics and participate in launchpad and one-time investment opportunities through Alpha Early Deals. Additionally, SwissBorg is one of the few centralized entities that redistributes airdrops directly to its users, enhancing the overall user experience.

How it works

Central to the SwissBorg ecosystem is the BORG token, which plays a crucial role in unlocking additional utilities within the app. Users who hold more BORG tokens can access a range of benefits, including lower exchange fees, higher allocations in launchpads, increased yields on Earn strategies, and enhanced voting power in referendums proposed by SwissBorg. The project was initially launched in Switzerland in 2017, raising $50 million during its ICO to kickstart its operations. In Q1 2023, SwissBorg conducted a Series A funding round, raising over 21 million Swiss Francs (CHF) from 16,660 individual investors, further solidifying its position in the market.