It is crucial to be safe in crypto markets like this. It is imperative to ensure that funds of users are safe after recent events, such as Celsius’s suspension of withdrawals and transfers. It is important to have safe options such as SwissBorg that allow you trade, store and generate income. Crypto investors can rest easy knowing that they have access to their funds in case of hacking, bankruptcy or scam.
SwissBorg – Savings
SwissBorg is the best crypto trading and wallet solution. The product’s management team is comprised of technology and finance specialists who are committed to improving wealth management.
It combines the best of both centralized and decentralized financial (CeFi) to make wealth management enjoyable, transparent and community-focused.
What makes up the SwissBorg treasury? This is an essential part of their model. Two-thirds of the treasury is held in fiat currency and the rest in stablecoins. It ensures financial stability at a high level by doing this. The rest of its treasury, it only invests in ‘lower-risk’ cryptocurrencies. These include top market movers such as Bitcoin and Ethereum, alongside the ‘$CHSB’ tokens.
SwissBorg uses the $CHSB tokens to finance the CHSB Yield 2.0, and also reward its team. The platform holds a small amount in its Treasury to provide funding for the CHSB Yield 2.0 and as an emergency fund.
SwissBorg’s structure ensures that users always have access to their funds no matter what happens to the platform. It does this by separating user funds from corporate funds, which is enforced by the ‘Virtual Currency License’ it holds.
Safety first, safety always
SwissBorg puts the client’s safety first. To help protect the platform, SwissBorg has partnered up with Fireblocks, one of the most trusted custody providers worldwide. It does this by using MPC keyless technology and advanced cryptography to secure users’ assets and personal data.
It has multiple risk management methods and reliable budgeting strategies that have helped to avoid exposure to UST, and keep it from the inevitable crash.
In 2021, several white hat hackers worked with SwissBorg to perform a penetration testing on the platform. SwissBorg was able to pass this test. This increased its confidence and safety with crypto investors.
SwissBorg’s goal is to create a platform built on safety, dependability, and transparency. The cryptocurrencies it holds in its Treasury are only those that have been proven to work, though they do accept altcoins.
In case of a bear market, SwissBorg put in place contingency planning to prevent further downtrends. The SwissBorg plans to rebuild trust in crypto investors and educate them about the light at the end.