The CHSB to BORG Migration at SwissBorg

At SwissBorg, we are embarking on a monumental journey by migrating our native token CHSB to BORG. This migration isn't just a technological advancement; it's a strategic move designed to establish our presence more firmly within the DeFi space. By leveraging innovation, employing rigorous security standards, and aligning with the core principles of decentralised finance, we are positioning ourselves at the forefront of the DeFi movement. Here's everything you need to know about this groundbreaking migration:

Mark Your Calendars! We're excited to announce that the migration period for CHSB to BORG will commence on October 17th, 2023, and can take up to 5 days to complete.

What Does This Mean for You?

If you're holding CHSB within the SwissBorg app, you can sit back and relax. Every CHSB token in your portfolio, whether in Premiums, or vaults, will automatically be converted into BORG. We'll handle the entire migration for you!

Got CHSB outside the app?

If you are holding CHSB tokens in an external wallet, we strongly urge you to transfer them back to the SwissBorg app before the migration kicks off. Can't download the app? No worries! We've developed a super-intuitive, on-chain migrator website to ensure that your CHSB to BORG transition is smooth.

Further updates about on-chain migration and post-migration CHSB top-ups are in the pipeline.

Unchanged Supply: 1B Minus what has already been burned

The migration of CHSB to BORG does not entail a change in the token's overall supply. Our total supply will remain at 1 billion tokens, minus any that have been burned, ensuring that the value and scarcity of the token remain consistent within our ecosystem.

1 $CHSB = 1 $BORG

We will maintain a 1:1 ratio between CHSB and BORG, meaning that for every 1 CHSB token held, users will receive 1 BORG token, ensuring the token's value remains the same.