Swissborg is a scam? 90percent down from ICO

[altscaner]

In my opinion yes, because so far no Swiss project has ever succeeded the latest is the WPP token which it says will be stable, but look at the price now, far from the word "stable" but it could also happen because some ico at that time started selling tokens as well, many of which experienced a decline but it could have been a scam

[Teawhalee]

These are one of the sad experience of trying to hold on a coin in the name of “not selling at a loss “ or waiting for bull run. Traders will always win. Although 2018 want good cryptocurrency entirely which saw very great price fall in majority of the coins. Just keep holding or sell to move on.

[Ucy]

When was the crowdfunding done? During the bear market or recently? Hope you are aware that the prices of most new projects crashed during the bear market.
 
Did you research the project properly before investing?
Did you invest for profit reason or you invested because you are certain the project is of quality and viable?

Could you have donated to the project as a wealthy and informed crypto enthusiat if they had only asked for donation?  If no, you probably shouldn't have invested in the ico.

[Peruvyn]

I have stopped investing in ICO since last year because most of them always get dumped at the initial listing. If you have interest in a project and you don't want to give yourself heart attack, buy it on exchange after the ICO.

[Perfect35]

Although the general market is down, but I expect that such project that of able to raise such huge amount, should be able to use part of the fund to maintain the price of their coin on exchange and if not that, a working product as they profess to have, should be a good means to bring about sustainable price growth.

[jacafbiz]

Most of the 2018 ICOs are bleeding just because most of them raise their capital in the bull market and sell in the bear market. I looked at the project several times it seems legit but not trying to protect the investors is a concern to me. This seems like a dead project unless the team is able to raise a new capital from other investors to keep the project afloat

[Ebrahmos]

Admin is dead. Team members are dead. There is nothing left in this project now. They raised huge amount of money $50 million. Yet they didn't care about investors. CHSB isn't a dividend giving token, it's just a worthless utility token with no use case for investors.

That's wrong. Instead of burning the amount that they hedged since market crash for pointless marketing and advs, they invest it in developing a new world shaping investment app called wealth app. Swissborg offers wealth management. As A Wealth client of the upcoming wealth app, you will have access to a simple gateway to themed crypto indices (and other investment products) , from proven experienced investment professionals and therefore alpha generation. Also, if you buy CHSB, holding a multi utility token with an ongoing decreasing circulating supply that provides also a fee  reducing mechanism  for transaction (like bnb) on the wealth app. Moreover as chsb holder you become part of the ecosystem where you get rewarded  for taking part on referendums. More utilities are planned.

[Ebrahmos]

These are one of the sad experience of trying to hold on a coin in the name of “not selling at a loss “ or waiting for bull run. Traders will always win. Although 2018 want good cryptocurrency entirely which saw very great price fall in majority of the coins. Just keep holding or sell to move on.

First, you really need to understand what the purpose of the token will be, it will have several real use cases once the wealth app is running. CHSB is and will be the heart of the SB's ecosystem.Once the app is here App, a set of Utilities will make the token hopefully purposeful. Right now it has no real value except the rewards through referendums, but this is not the final and only utility, more utilites like mentioned are planned.

Since last year, the team has been working with an engineering team that has developed systems for large banks (Deutsche Bank, Société Générale). They are currently developing "platforms/protocols reach up to 100,000 TPS, which relative to all the crypto exchanges available today is extremely high."

Read more here: https://medium.com/swissborg/key-tech-update-engineering-collaboration-partnership-5941c1339e37

[Ebrahmos]

Admin is dead. Team members are dead. There is nothing left in this project now. They raised huge amount of money $50 million. Yet they didn't care about investors. CHSB isn't a dividend giving token, it's just a worthless utility token with no use case for investors.

Just another addition to the long list of the scam ICOs. The modus operandi is very similar for all these scam projects. The idea behind the project was a good one and they spent quite a bit of money for marketing the coin. But once the funding was completed, the team vanished with all the money. I am surprised that this coin is still not delisted from the exchanges such as KuCoin and HitBTC. It may happen soon.. so in case anyone want to limit their losses, they can immediately convert their tokens to BTC and book losses (before it gets delisted).

Swissborg is NOT a scam. Do you have any facts that prove your statement? The team releases every month reviews about their progress in hiring, developing and marketing. They are just a few months away of releasing their flagship: the wealth app. The main objective is the portfolio management of cryptocurrencies (indices are planned, more than a dozen) ... the protocols are made by very experienced engineers team who have already hired by large banks (deutsche bank, SA e.g). The app will also be connected via API to several major exchanges, so that the best prices and the best liquidity can be determined nearly instantly. CHSB will include a staking and buy back and burn utility, transaction fees can be lowered by staking chsb (the more you stake, the more you save)

"In Switzerland, SwissBorg is regulated by VQF, a Swiss Self-Regulatory Organisation (SRO) and is therefore considered as a financial intermediary. In Malta, SwissBorg benefits from a 12 months transitory period (aka grand-fathering clause) from the MFSA to deploy Class three VFA activities. However, that does not mean that we are authorised or regulated by the MFSA yet. In Japan, we are working on obtaining the Virtual Currency Exchange License from the FSA."
https://help.swissborg.com/hc/en-us/articles/360016245254-What-kind-of-Licences-does-SwissBorg-intend-to-have-


Read more here about the lastest progress: https://medium.com/@swissborg

[Enzo05]

Maybe one factor is the downtrend of cryptocurrency then another factor is because of those who buy tons of it and get a high bonus. You are already there buddy just keep hodl and be patient waiting for it to get pump.

[TheSisa]

According their website their platform allows you to: "Predict, learn and earn Bitcoin with zero risk. The community app is now live"
Do you see any possible use case for their token? I do not. And that is the answer, no use, no value  .

Anything that says zero risk is a scam, there's no way you can't encounter risk when investing, if there are some people who's gonna believe this they're really dumb, they deserve the loss they got because they didn't do any research at all.

I see your instincts and normally I would behave that too. But you have to understand, that this is a marketing step from Swissborg, and as well as for any marketing production, Swissborg pays for it. But instead of paying to Google adds etc. they pay actually to the end user, who joins the community. For each new member one dollar is added to the prize pool, which will be spread among the top 1000 players of the community app. Reward will be payed it btc. the app teaches you TA, gives you an AI price prediction for btc, so you make the right choice in the game. You should at least try it guys. It's free. No deposits, no private keys, no wallets, nothing.

[TheSisa]

Most of the 2018 ICOs are bleeding just because most of them raise their capital in the bull market and sell in the bear market. I looked at the project several times it seems legit but not trying to protect the investors is a concern to me. This seems like a dead project unless the team is able to raise a new capital from other investors to keep the project afloat

There won't be any sucking new capital from investors. The project aims to be self-sufficient (based on the app's fees, providing services to other ICOs and more). Furthermore, the income will be used for buy-back-n'-burn mechanism, so the investors of CHSB are really rewarded (besides next CHSB's utilites).

[TheSisa]

According their website their platform allows you to: "Predict, learn and earn Bitcoin with zero risk. The community app is now live"
Do you see any possible use case for their token? I do not. And that is the answer, no use, no value  .

Swissborg project is still under the development, so the main usecases are not avaible now, but soon CHSB will become:
- a fee token
- a token, with which the team will perform buy-back n' burn mechanism
- a discount token (you stake it, you get discount and swissborg products)
- and many others

Now CHSB is:
- a reward in referendums, already 2 took place last year, the referendums take place completely on blockchain
- a vote in referendums. The longer you hold CHSB, the higher reward you get. The bigger amount of CHSB you hold, the bigger vote you have.
- a reward for taking discussions on swissborg reddit forum

Guys note, that Swissborg is very ambitious and complex start-up, which works on several projects, most of them have really a long term goal. But they have BNB as a model and want to achieve a similar success as Binance did. I don't expect it to be #7 tomorrow, but hey, CHSB is around #400 on cmc rank, if they make it to top 100, the price would be actually many times higher than the actual one. As we come close to Q4 2019, when the flagship product should be released, the price should start moving imo.

[Whoareu]

Roustam Semeev invested in a project expecting Swissborg to become a bank.  Roustam Semeev does not owe money to anyone in this world.  He can openly accept anyone in Geneva if someone has a claim.  He does not hide like Cyrus Fazel with his family  and worker (emplpyee) of Cyrus - Deni Dudaev who is the official thief who threw Rustam Semeev and others.  The whole world knows that Swissborg scam project of Cyrus Fazel who robbed Rustam Semeev and many other people. So, What are you talking about here? Probably, this person who is trying to slander is Roustam Semeev it is Deni or Cyrus & his Co. Everyone knows that Rustam Semeev is now in the process against Swissborg to help the people whom Cyrus and Denis deceived.

[shiming]

For such an investment, the loss is very large. Many people who invested in various ICOs last year lost a lot of money and expressed sympathy. Now, whether the team is still promoting and doing things, it is necessary to check the authenticity of the project. This way you can tell if it is a scam.

[dearbesz1219]

Swissborg is not a scam, they have already working app where you can predict next price movement and if you rank among the best you get some money.
But if you care about the token- yes, it is useless, it doesn´t have any use, thats why it doesn´t have any value.

[Whoareu]

Roustam Semeev is one of the most educated and experienced people.  Roustam Semeev lives on his personal finances - do not be envious.  Look now for Deni Dudaev the thief and Cyrus who threw you for money.  And Roustam Semeev is in the public domain in the process against Swissborg and the law of Switzerland including FINMA on the side of Roustam Semeev.  Look for: Deni Dudaev and Cyrus Fazel if you want to find your money.

[pinoy.bolanon]

Swissborg before was performing well, but i think all of the coins and tokens are under performing nowadays, everything is down even bitcoins and eth, but i think the main reason why it downs for 64% is that the lack of community support, no engagements in trading and all others. No users means, it will fall in the long run, not just swissborg but also the others out there.

[cheezcarls]

Ever since I started exploring ICOs in 2017, I have looked into Swissborg. However, I choose to pass that opportunity back then. My mentality of "Invest in an opportunity what you can afford to lose", is something that gives me a different perspective in case I lose too much for investing in that opportunity.

Diversification is still the key. If you have invested in a lot of coins or tokens aside from Swissborg, expect that you will lose most of the time. We don't expect a higher chance to win. This is the crypto world, and losing money is what we mostly expect no matter what coin or token we hold, even the almighty Bitcoin,\.

[Whoareu]

Roustam Semeev one of the most intellectual and influent
Personne in this spheres in the world. So Roustam Semeev helps people who search their money and help them to find the justice. So you can contact him on facebook if you want and he will help you 100%. But Cyrus Fazel and Deni Dudaev are scam persons and they are most wanted to back money of people and they have to return investments of Roustam Semeev also.