Today I'm going to be reviewing the Swissborg Community project.
The project basically consists of an application powered by an ERC-20 utility token.
What problem does the project solve?
The project seeks to correct the disparity between the formal financial market and the common person (community) In the simplest terms they want to allow the average person to be able to trade without the need for a financial advisor who will simply use the opportunity given to take advantage of the average person.
How do they do this?
By educating the average person to the level of being in charge of their own personal wealth.
How?
Firstly by designing the Swissborg Community App, a gaming app which encourages you to learn. Basically it's a learn and earn game.
The Game comprises predicting the 24hour direction of the bitcoin price, simple right? Exactly.
On starting the game you begin by simply guessing (I assume that's what any average person would do) but as you begin to explore the app you realise that there is quite a lot of learning material and analytical data
The above pic shows a week on week price change and trend analysis. On selecting each analysis, a short description and further analysis is given
Also included are price charts.
With all this information at your fingertips you begin to play to win meaning you start trading and analysing. This is one of the goals of the game, to get you engaged and allow you to learn whether you know it or not (the proverbial wax on wax off) So eventually you will get to the point where you will be making predictions based on technical analysis. Also people are incentived to win by being allowed to collect points. The points are converted to the Swissborg token CHSB
To what end?
The culmination of your education and token collection is the Swissborg wealth app, the place to buy and sell the token.
Swissborg Wealth App
The app is a trading app that promises holders of the token
1) No hidden fees
2) Technical analysis
3) Community technical analysis (which is correct approximately 50% of the time
4) A financial smart engine which collects data from major exchanges and allows you to buy crypto at the best
To what end?
To give the average trader The peace of mind and confidence to place a trade with minimal risk to themselves having used everything given to them.
Why would I use the token above any other token?
They have yet to define a clear reason why the token is useful but they do offer that it's an ERC-20 token which allows for scalability and it offers a layer for community based apps.
To me in English they are saying they have yet to find a niche problem to solve but in the future if you hold the coin they promise to find a number of useful purposes. They state that the token is a multi-utility token.
My comments
I love the idea of community and sharing of wealth. I love the community app which I use. I find for those seeking to learn to trade it's a must have app. However in terms of utility they are not clear on the purpose of the token. Is it a coin that will have value in the future? I don't know, the only way that can be answered is when the token solves a unique problem.that other tokens don't.
Hi. Okay