Today’s blockchain ecosystem continues to expand, experiencing rapid growth. Financial management solutions in the crypto sector, on the other hand, remain very few and far in-between. SwissBorg’s goal is to create a decentralized, professional crypto portfolio management solution.
Swissborg was a quite aggressively marketed ICO. The company managed to raise $50 000 00 during the length of their crowdsale.
The Cryptallion Hedge Fund aims to provide a high level of investment safety by diversifying strategies and frequent hedging of market risk. According to their whitepaper, the fund will have a multi-strategy and absolute return approach, with around 50% allocation in low risk, large to mid-cap cryptocurrencies and ICOs. The fund’s opportunistic pocket will invest the rest 50% in either systematic long/short trading, arbitrage, ICO presales, lending or special situations. The platform will distribute all tokens to its users without any special discounts.
SwissBorg follows a set strategy in their investments. Th Swissborg Large Cap Index will hold the top 20 coins by market cap with a maximum weight of 25% per coin in order to provide sufficient diversification. The Mid Cap Index will hold the next top 30 coins and tokens by market cap, with a maximum weight of 10% per currency. The weight can be readjusted among those coin to provide maximal performance optimization.
The CHSB token gives its holders the right of sharing 25% of all the revenue the platform collects. It also allows holders a vote in the technical development of the project. The tokens will be initially issued on the Ethereum blockchain, with the team planning introduce their own native blokchain.
SwissBorg has its own share of issues. First off, the whitepaper is very full of fluff while not revealing anything specific at all. The plans for the future mentioned in the whitepaper are very vague and the grammar used was really poor and had quite a few mistakes which makes it look unprofessional. While its common knowledge whitepaper writing gets outsourced in non-native speaking countries, it’s not an excuse for a project that aims to present itself as respectable and legit. The company also puts heavy emphasis on the fact that they’re based in Switzerland, and while Switzerland has some of the most reputable financial institutions in the world, the fact that SwissBorg are using that in order to market their product is a red flag. Projects should be marketed on their technology and not on the country they’re based from.
Overall, SwissBorg is a decent project. They do have some competition in the face of Bancor and a few other projects, but if they’re able to keep their word and establish a well-performing fund, all will be good. Their marketing approach is a little lackluster, but actions speak louder than words, and we’re expecting big things from the SwissBorg team.
