SwissBorg collects over 3,800 investors in 24 hours

SwissBorg (CHSB) Series A Funding Round started As of December 13th, 3,839 investors have already participated in the fundraising.

Community-focused funding round

SwissBorg has reserved 287.4 million Swiss Franc Tokens (CHF) for this round. 3.64 million CHF have already been sold, leaving 21.46 million CHF. CHF is currently priced at $1.66.

SwissBorg product manager Daniel de Lophem announced the funding round on December 13th. blog In the post, he criticized the elitist model of approaching investors. Regarding the pre-IPO private offering and the post-IPO public offering, Lophem complained that the model does not provide an opportunity for the average person to compete.

Lophem writes that SwissBorg is changing this segmentation and democratizing access to shares across the community. he said:

By leveraging Web3s distributed ledger technology, we are able to consolidate the decentralized liquidity of our diverse retail investors into a single investment entity. As a united front, we have the power to disrupt the established status quo. increase.”

According to the announcement, SwissBorg aims to emerge from the current bear market to become the market leader in Europe.

swissborg

SwissBorg is a European crypto exchange platform. The platform takes a community-centric approach to wealth management, with the ultimate goal of revolutionizing wealth management.

The highest valuation SwissBorg has reached was $1 billion in 2021. The company has over 700,000 users and holds over $63 million worth of crypto. Influenced by FTX, SwissBorg also It was published Proof of reserve on November 18th.

Journalist at CryptoSlate

Zeynep is an academic turned cryptocurrency in 2018. With a social science background, she has a particular interest in the social impact of blockchain and cryptocurrencies, and a strong believer in their transformative power.