BORG · fixed supply, quietly shrinking on burns.
BORG is the token of SwissBorg (formerly CHSB), the wealth app and exchange — an ERC-20 on Ethereum, hard-capped at 1B, ~981M circulating with no emission.
Sell pressure. None from supply. Every token was minted at genesis and distributed; there is no inflation, no vesting cliff, no Foundation deploy adding new BORG.
Buy pressure. Exchange fees fund weekly open-market buybacks (returned as locked cashback), and each quarter a community vote burns part of the pool — recent burns ran ~0.35–0.5M BORG.
Net. A fixed supply nudged slightly lower by the next quarterly burn — about −0.05% over 90 days, mildly deflationary.
- Quarterly Protect & Choose burn~0.5M BORGSep 2026 · removed from market
Fixed-supply token — the 1B cap was minted at the 2017 genesis and fully distributed. There is no emission, no staking-reward issuance, and no active mint function, so no new BORG is created. Supply only ever falls, via burns.
No team or investor cliff schedule mints new supply. The ~407M BORG shown as "locked" are voluntary user vote-locks taken to boost cashback rank — already counted inside circulating, not a scheduled team release.
No discretionary treasury deploy observed in the window. The ~5.64M buyback ("Protect") pool and the voluntary user vote-locks are tracked team-controlled overhangs, but the pool feeds burns, not market sells. Monitored.
No bankruptcy estate distributes BORG.
Paid-to-Trade converts exchange fees to USDC and buys BORG on the open market weekly — but the bought BORG is handed straight back to traders as auto-locked cashback, so it recirculates rather than being destroyed or stockpiled. Real demand, net-zero effect on supply, so it books 0; the quarterly burn below is what actually removes supply.
Each quarter, Premium guardians vote a portion of the buyback ("Protect") pool to be burned on-chain. Recent burns ran ~0.35–0.5M each: 500K on Jun 15 2026, 400K on Dec 2 2025, 350K on Oct 1 2025. The next quarterly burn (~Sep 2026) falls inside the window — projected ~0.5M BORG removed.
No separate Foundation accumulation programme beyond the fee-funded buyback above.
Users voluntarily vote-lock BORG for cashback rank, but that is demand-side holder behaviour with no protocol-enforced quantum, so it is monitored rather than booked.
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