These crypto assets could be bought or exchanged via the SwissBorg App:
Bitcoin is a digital asset used for secure transfers of value anywhere in the world. It is an open network which is managed by its users and not controlled or issued by any bank or government. The value of a bitcoin is not tied to the value of any other currency. Bitcoin is traded for dollars, euros, francs, and other currencies in real time 24/7, therefore, the price can fluctuate depending on the demand for buying or selling bitcoin.
Ethereum tokens (ether or ETH) are the digital assets that exist on top of the Ethereum blockchain. It functions like cash but ether is not exactly a digital asset. It should rather be considered as “fuel” (gas) for the applications on the Ethereum network.
The CHSB token, the official SwissBorg Token, is a multi-utility token used to participate in the SwissBorg ecosystem. It is the key to the SwissBorg platform.
USDC is a stablecoin which is pegged to the US dollar. It is managed by Circle and Coinbase. USD coin is backed by fully reserved assets, you can redeem 1 USDC for US$1.00.
PAX Gold is backed by actual gold vaults in London, which render it redeemable for physical LBMA accredited gold (London Good Delivery gold bar, stored in Brink’s gold vaults).
Enjin is building a holistic ecosystem of blockchain products that allow game developers and studios to utilize tokenized digital assets as part of their acquisition, retention, engagement and monetization strategies. Enjin’s ecosystem is fueled by ENJ, a utility token used to directly back the value of Enjin-powered blockchain assets.
BNB was launched as an ERC20 token through an initial coin offering (ICO) in 2017. In April 2019, the ERC20 tokens were swapped with BEP2 BNB on a 1:1 ratio, and are no longer hosted on Ethereum.
One of BNB’s main utilities is as an exchange token, allowing Binance users to pay fees with as much as a 50% discount on trades.
Often referred to as ETHLend, the Lend token is the native token of Aave following the winding-up of operations by ETHLend in January this 2020. Although it has kept the name, the new Aave version of Lend is a step up from the previous one.
Briefly, the ERC-20 $LEND tokens are used for fee reductions in addition to providing governing rights at a base-code level for future protocol updates. The tokens are burned from fees accrued form the Aave protocol, suggesting that tokens could be worth more over time. The protocol went live in January 2020, supporting 16 different assets including 5 stablecoins. In June 2020, Aave reported having reached as much as $100 million in market cap.
The Kyber Network (KNC) is an Ethereum-based decentralised exchange (DEX) protocol that allows the “instant exchange and conversion of digital assets with high liquidity.” The platform is similar to the 0x project, but instead performs all of its transactions on the blockchain.
- Kyber Network is a decentralised-exchange protocol.
- It allows peer-to-peer trading without exchange custodianship.
- Kyber Network’s liquidity pool is decentralised to minimise monopoly risks.
Compound Finance is a decentralised finance (DeFi) protocol that allows users to deposit, borrow and earn interest on cryptocurrencies.
- COMP is a DeFi money market protocol
- Holders of COMP have voting rights on the future of the protocol
- Interest is distributed to borrowers and lenders across the token’s liquid markets
- The token is traded on various high-profile exchanges
Ren is a network of virtual computers that powers interoperability for decentralised applications which enables cross-chain lending, exchanges collateralisation and more.
- Ren allows for interoperability between DeFi protocols
- RenVM directly enhances liquidity on Ethereum
- DeFi applications can tap into the protocol’s liquidity across chains
- RenVM attempts to make DeFi a mainstream crypto reality
Similar to USDC, DAI is a stablecoin that is pegged to the Dollar, with an exchange rate that replicates US Dollar valuations against other fiat currencies. Unlike other stablecoins that are directly backed by USD, DAI is backed by cryptocurrency collaterals that can publicly be seen on the Ethereum blockchain.
- DAI is a USD-pegged decentralised stablecoin built on Ethereum
- The decentralised coin was created by MakerDAO (MKR)
- One Dai is worth ~$1 until it is taken out of circulation
- Dai can be traded freely as any other ERC-20 token
- Anyone with an Ethereum wallet can send DAI to another ETH wallet
Uniswap is the most popular decentralised exchange currently in existence. Anyone can list a token or provide liquidity to the platform without registering or going through a ‘Know Your Client’ process, as is the case with centralised exchanges.
The main use-case for Uniswap is the fact that it is a viable alternative to centralised exchanges, but the trade-offs between decentralised and centralised exchanges are palpable given the technology’s infancy.
Uniswap is designed to function as a public trading platform without fees or middlemen. Unlike most exchanges that match buyers and sellers to determine prices and execute traders, Uniswap uses a math equation and liquidity pools in an open free marketplace of tokens.
- Uniswap is an Ethereum-based exchange that allows anyone to exchange ERC20 tokens.
- Uniswap V2 launched in May 2020, enabling direct token swaps and adding several technical improvements.
- In September 2020, Uniswap launched its UNI governance token with an airdrop to anyone who had used the protocol before September 1st.
XRP is a digital asset built for payments. It is the native digital asset on the XRP Ledger - an open source, permissionless and decentralised blockchain technology that can settle transactions in 3-5 seconds.
XRP can be sent directly without needing a central intermediary, making it a convenient instrument in bridging two different currencies quickly and efficiently. It offers financial institutions the fastest, most reliable option for sourcing liquidity on-demand.
At the time of writing, XRP is the seventh largest cryptocurrency by market capitalisation and is traded on over 140 exchanges worldwide.
- Fast, Efficient Consensus Algorithm: The XRP Ledger's consensus algorithm settles transactions in 3-5 seconds, processing at a throughput of up to 1500 transactions per second. These properties put XRP at least an order of magnitude ahead of other top digital assets.
- Finite XRP Supply: When the XRP Ledger began, 100 billion XRP were created, and no more XRP will ever be created. (Each XRP is subdivisible down to 6 decimal places, for a grand total of 100 quadrillion (10^17) drops of XRP.) The available supply of XRP decreases slowly over time as small amounts are destroyed to pay transaction costs.
- Responsible Software Governance: A team of full-time, world-class developers at Ripple maintain and continually improve the XRP Ledger's underlying software. Ripple acts as a steward for the technology and an advocate for its interests, and builds constructive relationships with governments and financial institutions worldwide.
- Secure, Adaptable Cryptography: The XRP Ledger relies on industry standard digital signature systems like ECDSA (the same scheme used by Bitcoin) but also supports modern, efficient algorithms like Ed25519. The extensible nature of the XRP Ledger's software makes it possible to add and disable algorithms as the state of the art in cryptography advances.
- Modern Features for Smart Contracts: Features like Escrow, Checks, and Payment Channels support cutting-edge financial applications including the Interledger Protocol. This toolbox of advanced features comes with safety features like a process for amending the network and separate checks against invariant constraints.
- On-Ledger Decentralised Exchange: In addition to all the features that make XRP useful on its own, the XRP Ledger also has a fully-functional accounting system for tracking and trading obligations denominated in any way users want, and an exchange built into the protocol. The XRP Ledger can settle long, cross-currency payment paths and exchanges of multiple currencies in atomic transactions, bridging gaps of trust with XRP.
US Dollar Tether (USDT) is a stablecoin designed for each token to be represented by an underlying US dollar.
The stablecoin has been issued on various blockchains, namely Omni, Ethereum, Tron, EOS, Liquid as well as Algorand.
- USDT is a 1:1 representation of the US Dollar.
- Stablecoins are a bridge between traditional and modern finance.
- USDT lives mainly on the Ethereum blockchain, but exists on others as well.
- USDT offers price stability.