When was SWISE coin issued? Learn about the origin of SWISE coin in one article

Introduced in 2018 as an ERC-20 token on the Ethereum blockchain, SWISE coin is the native token of the SwissBorg ecosystem, designed to democratize wealth management through blockchain technology.

Oct 03, 2024 at 08:53 pm

SWISE Coin: Origin and History

1. Genesis of SWISE

SWISE coin, the native token of the SwissBorg ecosystem, was first introduced in 2018 as a ERC-20 token on the Ethereum blockchain. The genesis of SWISE coin lies in SwissBorg's mission to democratize wealth management through blockchain technology.

2. Fundraising and Launch

The SWISE coin initial coin offering (ICO) took place from October 25 to November 25, 2018. The ICO raised $56 million, making it one of the largest ICOs at the time.

3. Integration with SwissBorg App

After the ICO, SWISE coin was integrated into the SwissBorg app, which allows users to buy, sell, and hold cryptocurrencies. The app also features a rewards system that incentivizes users to hold SWISE coin.

4. SWISE as a Utility Token

SWISE coin serves various utility functions within the SwissBorg ecosystem:

• SmartEngine Access: Holding SWISE coin grants access to SwissBorg's SmartEngine, which provides insights and analytics on the cryptocurrency market.
• Rewards: Staking SWISE coin earns rewards through the SwissBorg Yield program.
• Governance: SWISE coin holders can participate in SwissBorg's decentralized autonomous organization (DAO) and vote on governance proposals.

5. SWISE Coin Tokenomics

SWISE coin has a limited supply of 1 billion tokens. A portion of the supply is held in reserve for future SwissBorg ecosystem initiatives. The rest of the tokens are distributed through the ICO and rewards program.

6. Price History

The price of SWISE coin has fluctuated since its launch. The coin reached its all-time high in January 2021, when it traded above $0.50.

7. Future of SWISE Coin

SWISE coin is positioned as a cornerstone of the SwissBorg ecosystem and is expected to play a key role in the platform's expansion plans. The SwissBorg team continues to develop new features and integrations to enhance the utility of SWISE coin.