SwissBorg's official utility token has evolved from CHSB, introduced during its 2017 initial coin offering, to the enhanced BORG token launched on October 17, 2023. This shift responded to the expanding needs of the DeFi landscape, aiming to broaden token functionality and increase ecosystem versatility.
The primary reason for transitioning from CHSB to BORG was to enhance the token's role within modern DeFi protocols. The aim was to provide our existing community with new possibilities, while also enhancing the BORG's reach, thus propelling the further expansion of the SwissBorg's community.
Technical Details
BORG operates on two major blockchains:
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Ethereum: As an ERC-20 token, BORG maintains its compatibility with established Ethereum-based wallets and services.
Ethereum (ERC-20) Contract Address: 0x64d0f55Cd8C7133a9D7102b13987235F486F2224 -
Solana: Since May 2024, BORG is also available on the Solana blockchain, allowing users to leverage its low fees and high-speed transactions. This dual-chain setup supports user interactions across different platforms and decentralized exchanges, enhancing overall utility.
Solana Contract Address: 3dQTr7ror2QPKQ3GbBCokJUmjErGg8kTJzdnYjNfvi3Z
Token Utilities
The BORG token serves multiple purposes within the SwissBorg ecosystem:
- Premium Memberships: Holding BORG tokens unlocks different premium tiers, offering benefits such as reduced trading fees and higher yields on Earn strategies.
- Governance: BORG holders participate in decision-making through the Guardians' votes, influencing platform development and strategic decisions.
- Borger Points: By holding BORG, users accumulate points that advance them through levels known as "Camps," unlocking exclusive investment opportunities and benefits.
In conclusion, BORG enriches the SwissBorg ecosystem by blending robust blockchain technologies and offering a comprehensive set of utilities that cater to diverse user needs in managing and growing their digital assets.
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