Swissborg Reaches Hard Cap, Raises USD 50M

swissborg ico

Now the ICO is closed, and SwissBorg, a cryptocurrency wealth management platform on the blockchain, has reached its hard cap, raising a total of USD 50 million. Investors are showing no signs of slowing their interest in upcoming ICOs, and based on the latest statistics, the returns surpass anything that’s offered in the traditional markets.

According to data by venture capital firm Mangrove cited in reports, the average ICO out of a group of more than 200 generated returns of 1,320% last year. Momentum from 2017 appears to be spilling over into 2018, and Swissborg’s total will make a dent in this month’s fundraising totals.

 

SwissBorg ICO Tokens

SwissBorg’s CHSB tokens are used in several ways, including as rewards for members on its Ethereum-based platform for voting on projects that add value to the investment portfolios. The CHSB coin will also begin trading on several exchanges by Feb. 1. Token holders also get first dibs on SwissBorg’s investment products, including a hedge fund and indexed crypto-fund, which will make their debut in 1H 2018.

2018 is off to a strong start, and there are more innovative projects in the works. On its social media page, SwissBorg points to one such project dubbed oBike. The Singapore-based startup is apparently planning to unveil a cryptocurrency that is mined when riding a bike. oBike became operational a year ago, supporting a trend of companies higher on the maturity scale looking to upcoming ICOs to raise funds.

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