The CryptoFranc (XCHF) is a stable coin bound to the Swiss Franc and classifies as a payment token in accordance with the FINMA ICO guidelines.

XCHF is issued and transferable on the Ethereum Blockchain, based on the ERC-20 standard and pegged to the Swiss Franc in a 1:1 ratio. The XCHF token is issued by Bitcoin Suisse AG. Each XCHF token represents a claim of one Swiss Franc against the Issuer and is backed by a bank guarantee.

What is CryptoFranc?​

CryptoFranc, identified by its ticker XCHF, is a stablecoin that operates on the Ethereum blockchain, adhering to the ERC-20 standard. This cryptocurrency is directly pegged to the Swiss Franc, maintaining a 1:1 ratio, which means for every XCHF token, there is an equivalent claim of one Swiss Franc against the issuer. The primary aim of CryptoFranc is to offer a digital asset that combines the stability and reliability of a traditional currency with the flexibility and efficiency of blockchain technology.

Issued by Swiss Crypto Tokens AG, a part of the Bitcoin Suisse Group, XCHF serves as a payment token that aligns with the guidelines set forth by the Swiss Financial Market Supervisory Authority (FINMA) for Initial Coin Offerings (ICOs). This regulatory compliance ensures that CryptoFranc operates within the legal frameworks, providing users with a secure and trustworthy digital currency option.

The backing of XCHF by physical Swiss Franc banknotes or a bank guarantee adds an extra layer of security and trust, ensuring that the token's value remains stable and closely tied to the value of the Swiss Franc. This makes CryptoFranc an appealing option for those looking for a stable digital asset for transactions, savings, or as a hedge against the volatility often associated with cryptocurrencies.

In addition to its stability features, CryptoFranc enables instant payments globally, facilitating seamless transactions without the constraints of traditional banking systems. This capability is enhanced by various platforms and services that support XCHF, including payment gateways and debit card options, making it a versatile tool for both personal and business financial operations.

Before considering an investment in any cryptocurrency, including stablecoins like CryptoFranc, it's crucial to conduct thorough research. Understanding the specific features, regulatory compliance, and operational mechanisms of the digital asset will help in making informed decisions.

How is CryptoFranc secured?​

CryptoFranc, a stablecoin pegged to the Swiss Franc, ensures its security through a multifaceted approach. It leverages encryption to safeguard transactions and data, ensuring that sensitive information is protected from unauthorized access. The use of smart contract audits is critical in identifying vulnerabilities within the blockchain, allowing for timely rectifications and enhancing overall security. Data privacy measures are strictly adhered to, protecting user information from potential breaches.

Additionally, CryptoFranc undergoes continuous monitoring and updates, a practice that helps in promptly addressing any security threats and keeping the system resilient against attacks. The adherence to ISO certifications underscores a commitment to international security standards, further bolstering its defense mechanisms.

The implementation of security monitoring tools provides real-time insights into the system's status, enabling quick responses to any irregularities. Users are encouraged to utilize private wallets for their transactions, adding an extra layer of security by giving them control over their private keys. Best practices such as the use of Two-Factor Authentication (2FA), strong passwords, and the avoidance of public computers or unsecured networks are recommended to users to minimize risks.

Issued on the Ethereum Blockchain and conforming to the ERC-20 standard, CryptoFranc's integration into this well-established network benefits from the inherent security features and robustness of Ethereum. The backing by a bank guarantee and the classification as a payment token in accordance with FINMA ICO guidelines further establish its credibility and reliability.

Investors and users are advised to conduct their own research and exercise caution when engaging with cryptocurrencies, considering the volatile nature of digital assets.

How will CryptoFranc be used?​

CryptoFranc, operating as a stablecoin pegged to the Swiss Franc, serves multiple functions within the digital economy. Its primary role is to facilitate transactions, acting as a medium of exchange. This utility extends to making payments for various goods and services globally, including the trading of other cryptocurrencies. The versatility of CryptoFranc allows it to be integrated into platforms for in-app purchases, enhancing the user experience by providing a stable and reliable payment method.

Beyond its basic utility as a transactional currency, CryptoFranc's integration into the Ethereum Blockchain as an ERC-20 token expands its use cases to include decentralized finance (DeFi) applications. This opens avenues for automated financial services, leveraging blockchain technology to streamline and secure transactions. The stablecoin nature of CryptoFranc, backed by a bank guarantee, ensures that it maintains a consistent value relative to the Swiss Franc, making it an attractive option for managing financial operations within the blockchain ecosystem.

Furthermore, CryptoFranc's role within the Swiss blockchain ecosystem, known as the Crypto Valley, underscores its significance. The ecosystem is a hub for over 1,200 blockchain companies, and CryptoFranc's utility as a payment token facilitates seamless transactions across this network. Its application ranges from conventional payments to more innovative uses in decentralized social networks, where it can act as a means of exchange or incentive.

In summary, CryptoFranc's utility spans from traditional payment functions to more complex applications in DeFi and social networks within the blockchain community. Its stable value, backed by the Swiss Franc, and its compliance with regulatory guidelines make it a secure and reliable choice for transactions within and beyond the Swiss blockchain ecosystem.

What key events have there been for CryptoFranc?​

CryptoFranc, known as XCHF, has experienced several significant events that have shaped its journey in the cryptocurrency landscape. As a stablecoin pegged to the Swiss Franc, XCHF operates within a framework that adheres to the guidelines set by the Swiss Financial Market Supervisory Authority (FINMA), positioning it as a payment token. This classification underscores its compliance with regulatory standards, ensuring a secure and transparent mechanism for transactions.

Key developments for CryptoFranc have included adjustments in the rights and obligations of participants, reflecting its commitment to maintaining a fair and equitable ecosystem. These changes are crucial for ensuring that all stakeholders are aligned with the evolving landscape of digital finance and the specific dynamics of XCHF.

Interest rates, as they pertain to CryptoFranc, have also been a focal point. Given its nature as a stablecoin, any adjustments in interest rates directly influence its attractiveness to holders, impacting its circulation and utility in the broader cryptocurrency market.

Regulatory measures have played a pivotal role in shaping the trajectory of XCHF. Navigating the complex regulatory environment, especially in a jurisdiction as sophisticated as Switzerland, has been essential for maintaining its legitimacy and trust among users.

The project has achieved major milestones, including the issuance of seasonal tokens and responding to global supply and demand fluctuations. These events highlight its adaptability and responsiveness to market conditions, ensuring its relevance and utility.

A landmark event for CryptoFranc was its prominent participation in the Blockchain Futurist Conference in Toronto, Canada, in 2024. This event provided a significant platform for XCHF to showcase its innovation and stability as a financial instrument, further cementing its position in the global cryptocurrency ecosystem.

Each XCHF token represents a claim of one Swiss Franc against the issuer, backed by a bank guarantee, and is transferable on the Ethereum Blockchain based on the ERC-20 standard. This technical foundation ensures both security and interoperability, facilitating seamless transactions within the digital economy.

In conclusion, the journey of CryptoFranc has been marked by strategic adaptations to regulatory requirements, interest rate considerations, and significant participation in global events, reflecting its ongoing commitment to providing a stable and reliable digital currency option.