How it works

The XCHF token is issued on the Ethereum blockchain and adheres to the ERC-20 standard. The smart contract is linked to the cryptofranc.eth domain in the Ethereum name system. Further details can be inspected on Etherscan. For legal details, please refer to the token terms.

Code Audit

The smart contract of the XCHF token has been audited and analyzed with a variety of tools for automated security analysis of Ethereum smart contracts by Chain Security AG. The auditor found no critical issues and their recommendations have been successfully mitigated before deployment of the smart contract.

Three layers

1. XCHF is a payment token, issued and transferable on the Ethereum Blockchain, based on the ERC-20 standard and pegged to the Swiss Franc in a 1:1 ratio.

2. The XCHF token is issued by Bitcoin Suisse AG.

3. Each XCHF token represents a claim of one Swiss Franc against the Issuer and is backed by a bank guarantee.

Purpose

The main purpose of the CryptoFranc is to serve as a means of payment for the Swiss blockchain ecosystem as a transactional currency.

Selected Implementations of XCHF

  • Blockimmo tokenizing real estate

  • Aktionariat enables private companies to independently create, buy and sell company shares on their own websites

  • quitt. as a lead customer of Aktionariat using XCHF to buy and sell tokenized shares

  • i.AM Innovation Lab to tokenize shares on the public Ethereum blockchain using XCHF

 

Frequently Asked Questions

Frequently Asked Questions

  • XCHF brings fiat CHF to the Ethereum blockchain.

  • For buying and selling CryptoFranc, refer to the exchanges listed here.

  • See the selected implementations of XCHF just above.

  • XCHF is the first payment token issued by Bitcoin Suisse AG.

  • The assets are backed by a bank guarantee issued by a Swiss bank.

  • For buying and selling XCHF, trading fees as per the exchanges apply.

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