How CHSB Yield 2.0 will democratise wealth

As we prepare for the launch of CHSB Yield 2.0, we have been thinking about the path that led us to consider the changes to the program – shifting from a consistent yield for all tokens held within the CHSB yield wallet, to the tiered system that we outlined in our CHSB Yield 2.0 explainer earlier this year.

CHSB was one of the top-performing tokens of 2020, skyrocketing by 2,700% and reaching the top 70 tokens on CoinMarketCap. CHSB started the year at 26 cents and is still up by over 150%, and the community of users on the SwissBorg app has grown to over 500,000 (with over 115,000 of them holding CHSB).

We’re very grateful for this explosive growth, and to those who have supported us and our token over the past four years.

However, the challenge of this growth is that many of the benefits of our ecosystem became inaccessible to new users. At our all-time high, our Community Premium account cost over $3,000, while Genesis Premium cost over $75,000. To be eligible for SwissBorg Nation, a group of 200 members of our community who can influence the SwissBorg roadmap, community members need to hold at least 100,000 CHSB (worth over $150,000 at our all-time high), and only the very top token holders have guaranteed access to SwissBorg Ventures.

We are happy to offer these extra benefits to our large token holders, many of whom supported SwissBorg through the crypto winter and before we had a product. However, we also recognise that as the ecosystem grows, and as CHSB’s price increases, these benefits are becoming less accessible to many members of our community. And if there aren’t as many benefits for new crypto investors, how will the SwissBorg community and ecosystem continue to grow?

A healthy ecosystem is one that rewards all of its users. An ecosystem that benefits all users is one that will build loyalty, attract new investors, and grow everyone’s wealth.

The CHSB Yield Program is one of the utilities adding value to CHSB, one of the primary ways users can grow their wealth with SwissBorg, and one way they can move closer to experiencing the benefits listed above.

However, the way it is currently structured makes it difficult for smaller holders to grow their wealth in a meaningful way. This then has slowed down the growth and value of our ecosystem, while also leading to the increased concentration of wealth among a small number of large holders.

Measuring inequality in the cryptoverse

One of the most popular and well-known ways of measuring inequality is the Gini coefficient. It measures the area between a perfect distribution line (this is a straight, 45-degree line) and the wealth distribution curve in any system. In a system with perfect equality, this area would be equal to 0. In a system with perfect inequality, the area would be equal to 0.5.

The Gini coefficient is 2 times this area, with the most equal systems having a lower score, and the most unequal ones having a higher score (up to 100).

One of the most popular and well-known ways of measuring inequality is the Gini coefficient. It measures the area between a perfect distribution line (this is a straight, 45-degree line) and the wealth distribution curve in any system. In a system with perfect equality, this area would be equal to 0. In a system with perfect inequality, the area would be equal to 0.5.