Bitcoin Forum

Source: Swissborg.com

don't we have someone who want to share his experiences of the app with us?

Do we have a signed message showing you have $500,000 in bitcoin?

this is the official prize pool provided by the Team (for every user that enters the game, the team adds 1$ to the prize pool). You can read  it on the off. on the website of swissborg: https://www.swissborg.com/solutions/community-app

So NO - prize money has not been confirmed.   Zero risk other than your time I guess...

Sorry if it's an unfortunate coincidence but anything with the prefix "Swiss" has been a scam, at least from where I've been. SwissGolden. SwissCash. SwissCoin.

You know what else SwissBorg has in common with above proven ponzis? Guaranteed ROI on different periods. Of course, Google Swissborg and you'll see they've stayed away from what they used to call themselves in 2017 (mutual wealth, profit, etc.). Now it's branded as a community-driven investment system.

Zero risk? Ask their investors.

Maybe DYOR. If you want to share a BTC prizepot, and allow individuals to learn about Crypto and BTC which will encourage mass adoption, then the Community App can help. The Wealth App, scheduled later this year, will enable previously excluded investors be exposed to wealth management strategies.

Should you wish to communicate with us for the purpose of making a complaint or to make a query, please contact us on support@swissborg.com.

Should you wish to contact us to notify us of a security breach or a technical matter, please contact us on support@swissborg.com. The Support Team will do its best to help you with any issue.

I believe your project died as soon as we saw you didn't have any coin and the $500,000 in btc is a lie.  :/

You become what you believe, not what you think or what you want.
Therefore you stick to what you believe, it serves you. Further conversations has no sense as you do not accept any form of explanation. Its only your truth that matters and apparently this "fact" makes you happy. I personally prefer to make people happy :)

https://youtu.be/5Yznind3lF4

I don't see an explanation from you about what Vod asked...
What I see is an email id where you asked to make a query, complaint or notify for a security breach or a technical matter. Is this your explanation for the query asked by Vod?

The query was about the prize pool of $500k, not anything that you have mentioned.

...and I see 2 time wasters that instead of going to the source (link provided, you know, doing things in the right way , why would you listen to random guy like me...?) you guys or at least your friend , you making assumption based on 0 evidence.

https://www.vqf.ch/en/ which SwissBorg is a member :

SwissBorg is delighted to announce that we have been accepted as a member of the Financial Services Standards Association (VQF), one of Switzerland’s Self-Regulatory Organizations (SROs), officially recognized by the Swiss Financial Market Supervisory Authority, FINMA.

VQF will be in charge of supervising SwissBorg when it comes to combating money laundering and terrorism financing. Our team will also engage in advanced training with VQF Academy on applicable legislation as well as helping us optimize internal processes to guarantee the highest levels of compliance.

Membership in VQF is another significant step in SwissBorg’s journey to develop an ecosystem for all our community members that reflects our core values of meritocracy, transparency, and community engagement.

With VQF to guide us, SwissBorg is closer to realizing our vision of fair and accessible decentralized financial services for all!

https://medium.com/swissborg/swissborg-gains-membership-of-financial-services-standards-association-5abdf195f66d

im not gonna continue any conversation with Vod , he already stated clearly his "beliefs"

Not time wasters, it'd perfectly fit "time protector"
Not assumption, we asked you a question

Good to know that SwissBorg is monitored by a Switzerland regulatory organizations. It may help SwissBorg to reach the next level.

But again, that's not a question we have asked. We asked you to show proof of $500k prize pool.
Your answer needs to be relevant to the question asked by someone from the community where you are promoting, not just a random answer which will be accepted.

I hope you got my point.

So what's the catch? I assume everything you mentioned above is true and despite you trying to doge Vod's questions about the money proof, how do you make money? You wouldn't just distribute bitcoins for free correct? How does your company make money?

Am I wrong in asking you to prove you have half a million when you claim you do?  Nope...

i did try the app, the prize pool is now said to be ~$10k and for each person which install the app, they add 1$ to the pool. So will take some time to actually reach $500k  ;D

First of all, I am not part of the team (--> check your trust rate, you accuse me of being part of team). I don't earn anything when I talking to you, but it's nice that you rated me so quickly, do you feel better now by doing so? Have you drained your frustration? If so,  Great.

The team raised over $ 50 million during the ICO and uses the app as a marketing tool to make people aware of the company, so the 500k are part of the marketing budget, You could have come to this result by yourself if you had researched. Instead of investing 500k dollars in advertising such as Google Adsense, people should be encouraged to invite people through their ref codes to draw attention to the upcoming Wealth App and the company in general

I think it's not a good idea to accuse Swissborg'steam immediately of fraud. The team owns the money, but you can not expect them to reveal parts of their treasury management, I mean who are you? Come down from your high horse.. Just because there are many scams, you don't have to accuse all projects.  As I've already tried to tell you (which probably has not been successful), the team will add one dollar to the prize pool for each newly registered user. In other words, once we have 500k of users, the prize pool will be exactly $ 500k in btc. If you had been reasonable (which unfortunately you NOT have been), then you would have addressed your concerns directly to the team to gather inadequate information. But to rate me negative directly and accuse me and the team of frauding? pitifully and weak.

I hope you like the interface like I do... The app was published ~2 weeks ago and has already 10k registered players. So if this continues like that, we might reach 100k in few months, but as we grow bigger as community, we might increase this speed through the ref system.

First of all I'm a busy man, earning zero cent for providing you this thread. I didn't even include my REF-code and I do play this game daily. And before I even had the time to reply to his CONCERNS defend myself,he rated me negative. So if I call someone frivolous, then he is. I hope he will never download this app and earn anything through it, he doesn't deserve it imo

The team has raised more than $ 50 million over a year ago. part of the money is still there, because the team has successfully hedged and did successfully treasury mangement after the market crash. The company has been spending heavily and is currently building its own OEMS (with an aggregator) with companies that have worked with Europe's tier one banks in terms of developing and so on. That costs, so they had huge expenses. But the 500k are reserved for the marketing budget. The team has really worked quietly and is now increasing its marketing efforts as we move closer to the flagship release. The team uses this marketing APP and the prize money to get people's attention, as they will be releasing the Wealth App, the company's flagship, in just a few months. That means the team DECIDED instead of advertising on Google adsense and co, to advertise themselves through the app to draw people's attention to the company. That's damn well calculated and unique. As player you enjoy the game, learn to predict (they even give each day a TA out for bitcoin to make it easier for users to predict right) and you earn BTC, so I do not understand what is meant to be fraudulent on this app. I know that you are might be suspicious cuz of scams, but like VOD directly to accuse all people of fraud here and every company,  well that's not good behavior imo

the app itself and the game idea are quite good, nothing to say about that.

The only problem i see is that there is no transparency, assuming they do have the prize in bitcoin, there is no way to know for sure the ladder is not altered as there is no way to check/verify at any time when and which bet were made by the other users.

I won a competition of Swissborg and got a Ledger Nano as a gift from the team so I know most of their contests are genuine. They even had prizes for highest number of referrals and so on but here the price pool is too big. The team should be more transparent as earlier they have prizes that were more believable. Hope we get someone to answer the questions.

I asked the team. And they did reply to me: The team doesn't release any sensitive information like tresuary management. The team has the sources to pay the 500k as they did collect over 50$ USD during ico. If it were a dodgy company/or fake website, then I would share your opinion, but that is not the case here. This is a marketing campaign and it really hurts that its getting compared to lq startups or scams.

Have they given you their raffle/lottery license info?  Of course not - they are not genuine. 

When the OP got negative feedback, he runs and cries (https://bitcointalk.org/index.php?topic=5132965.0).  :/

Notice how your trust is now 8x worse?  Some distrust you cause you won't prove you have what you claim, and others distrust you because you don't see that's wrong.  

If you are unfamiliar with international law, then hold back. Do you know that there is a huge difference between competition (without ANY fee or entry costs) and gambling also regarding laws? Apparently not right? in Germany as exmaple YOU don't need an license to hold competition without any fee or entry costs but YOU need one for gambling activities. Can you give me a source stating that in Swiss or Europe a competition where users dont have to pay any fee to join, needs a license?

It was not a raffle nor a lottery but a giveaway:

This was their tweet: We are giving away #LedgerNano! Write your own catchphrase for #SwissBorg project using hashtag #swissborgico. The most original slogan will be chosen by our jury. Winner will be announced tomorrow, good luck!
#ico #blockchain #chsb #tokensale

they chose my slogan and after few months, I received the gift. I did not know they need to have a license as I have participated in many giveaways on bitcointalk forum too and have won many contests on Twitter where only T&C are mentioned.


They need to be transparent when it comes to such a huge amount even though they did collect a lot during their ICO. I would also take part then but only if they can genuinely afford to give such a big amount.

You have the TC, some pages to read about the app, how and when you will get the money.. you have the help.swissborg.com pages with FAQ. I spoke again with the team and told them, that they might increase the popularity of the app with this huge prize pool with more transperency. They replied they are going to release some articles about the app anways.. so lets hope we find a satisfactorily solution..


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here is the first article:

You should atleast clear up the previous issue in regards with that $500k thing or else no one would take this project seriously yet it is already being tainted.

I already replied to several accusations. And like I said before, I will post every article or proof regarding the app here. The team should be working right now on more transperency in terms of the prize pool Up to 500k, true.. we would all benefit from it. Cheers

"Transparency" is the most valuable thing when it comes to adopting something, promoting something.
They should have been transparent at the beginning with the prize pool, then they might have got some faith from the community.

Anyway, let's see how things go from now on.