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Yesterday, #SwissBorg announced a major change in the long-term strategy for the $CHSB token and the whole company. The token price then collapsed. In this thread you will find a summary + my long-term view for Swissborg regarding the recent strategic changes: 1/Thread
⚠️2/ #CHSB Yield program to be discontinued: The biggest shock was the announcement that the CHSB #YieldProgram will end this month. CHSB stakers received lucrative yields based on their staked $chsb amounts. This cost the project around $8M in 2022.
📉3/ #swissborg cited several reasons for discontinuing the Yield program:
-Unsustainable long-term for the ecosystem due to high costs
-Failed to increase #CHSB price
-Negatively impacted price development by reducing token trading volume
-Hindered token listing on exchanges
-Unsustainable long-term for the ecosystem due to high costs
-Failed to increase #CHSB price
-Negatively impacted price development by reducing token trading volume
-Hindered token listing on exchanges
Downsizing at @swissborg - 🧵
1/ Dear #WeAreSwissBorg community, you may have heard the news of the recent layoffs in our marketing/biz dev departments
2/ As always, our community, the development, and sustainability of our products, and roadmap are SwissBorg’s top priorities
We all see a lot of doubters with respect @swissborg recently as many ppl want to get rich almost overnight (within few months, half a year, year... it's same) & they think within limits they've created themselves.
If there people were smart enough to invest in @swissborg time ago then they obviously did their own research and trusted this project. Nothing changed. All great things requires time to build.
If people don't have much enough patience and don't have the vision of bright future of @swissborg and $CHSB it's not @swissborg to criticize but their own attitude and mindset.
#SwissBorg is going to be a game changer and not just another clone in #crypto space.
#SwissBorg is going to be a game changer and not just another clone in #crypto space.
Dear Swissborg fellow, What metrics you can look at when assessing CHSB ?
Follow this thread - hope it helps @swissborg #weareswissborg #CHSB @alex_fazel @Cyrus_Fazel @CryptonitesTV
Follow this thread - hope it helps @swissborg #weareswissborg #CHSB @alex_fazel @Cyrus_Fazel @CryptonitesTV
as an active member I want to share with you today and in the next couple of weeks few tips that could be helpful when assessing CHSB price and maybe prevent some future pains.
#NFA - Not financial advice
#NFA - Not financial advice
The entire article is based on data from this morning😊 To be successful and reduce risk it is vital you don’t FOMO whenever there is an announcement. Your goal is always to buy the token preferably when it is fairly priced and away from new announcements. How can you do that?
#SwissBorg #WeAreSwissborg @swissborg @Cyrus_Fazel @alex_fazel Recently I noticied multiple no sense and bearish post complaing CHSB performance.
That's why I dediced to help everyone in the Swissborg community - NFA. Thread 1/8
That's why I dediced to help everyone in the Swissborg community - NFA. Thread 1/8
Remember that this is an amazing community, if you don't believe, have you at least tried to be part of other community, just to have a better feeling?
I Never seen so many people helping each other and having fun together while sharing a commong goal - not a mere economic return
I Never seen so many people helping each other and having fun together while sharing a commong goal - not a mere economic return
DON’T INVEST MORE THAN YOU CAN AFFORD- invest and forget or invest only what you are sure you don't need for the next 24 months at least. This is the best advice you can get from this post. If you are not ready to storm volatily then simply buy a government bond with a sure loss!
