What is the current price of SwissCheese?
The current price of SwissCheese is $0.02516 with a 18.85% change in the last 24 hours.
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SwissCheese is a DeFi trading platform on Polygon that offers "stock-like tokens": on-chain tokens that track stocks, ETFs and crypto assets and can be traded around the clock from a self-custody wallet. SWCH is the platform's native ERC-20 token, used for staking rewards, fees and governance votes. It matters as one of the smaller, retail-focused attempts to bring equity-style exposure onto a public blockchain, a space now crowded by much larger tokenized-stock issuers.
The official website presents trading, ETF, swap, staking and portfolio sections, plus a SwissCheese Mastercard offered with the payments company Zebec and a Telegram bot for buying tokens.
According to the token terms on the official site, SWCH is administered by SwissCheese Labs, Inc., a company incorporated in the Republic of Seychelles. The whitepaper (version 4.0, dated March 2024) describes the project as "A Blockchain-Based Stock Market Exchange". Individual founders are not named in any text we could read on the official pages, so the core team should be treated as undocumented. The website highlights former goalkeeper Iker Casillas as a backer and partner.
The whitepaper describes a set of Polygon smart contracts that handle:
Buy and sell of platform tokens Users trade SWCH and the platform's stock-like tokens from a Polygon-compatible wallet such as MetaMask or Trust Wallet.
Swap and pool A swap factory contract manages liquidity pools, so users can swap between assets or provide liquidity.
Stake and unstake Users lock SWCH for a chosen period and receive SWCH rewards. Unstaking early can reduce rewards.
Borrow and repay Users lock other crypto assets as collateral to borrow SWCH, paying an interest fee, and recover the collateral on repayment.
The whitepaper explains tokenized stocks in general terms as digital representations of real-world shares backed by underlying assets. The pages we opened do not document who holds any underlying shares for SwissCheese's own tokens or what legal claim a holder has, and the token terms state that SWCH itself carries no ownership or financial rights.
The whitepaper states that SWCH is an ERC-20 token on Polygon with a fixed total supply of 120 million. It is used for:
Documented allocation (whitepaper v4.0):
SwissCheese bundles stock-style tokens, a DEX, staking, collateralized borrowing and a payment card into one retail-oriented app on a low-fee chain. Its governance rule, which gates voting on a dollar-value SWCH balance, is also unusual.
Synthetix pioneered synthetic assets priced by oracles, while Ondo and other tokenized-securities issuers focus on regulated, asset-backed products aimed partly at institutions. SwissCheese is much smaller, runs only on Polygon, and targets retail users with an all-in-one app. General-purpose DEXs such as Uniswap offer deeper liquidity but no stock-like products of their own.
SWCH and the platform contracts inherit Polygon's network security. The official site links to a CertiK security audit, and CertiK maintains a project page. The token contract can be inspected on PolygonScan. An audit reduces, but does not remove, smart contract risk.
SwissCheese shows how small teams are packaging stock exposure, DeFi and payments for retail users on cheap chains. It is a useful case study in both the appeal of tokenized stocks and the questions every such product must answer about backing and legal rights.
SWCH trades on decentralized exchanges on Polygon and on a number of centralized exchanges. The official website links to its current trading venues. Always confirm the Polygon contract address 0x3ce1327867077b551ae9a6987bf10c9fd08edce1 before trading, since copycat tokens exist for many projects.
SWCH is a standard Polygon token, so any Polygon-compatible wallet such as MetaMask or Trust Wallet can hold it. A hardware wallet adds protection for larger balances. Tokens left on an exchange are held by that exchange.
Track SwissCheese live price, chart, market cap, and volume in real time. Practice mock trading and demo trading for SwissCheese on CoinRithm before using real money.
Use a crypto paper trading account to demo trade SwissCheese with real-time prices, AI trade feedback, and trading leagues. Test strategies, learn risk management, and build confidence before trading SwissCheese with real money.
Read the complete paper trading guideThe current price of SwissCheese is $0.02516 with a 18.85% change in the last 24 hours.
The daily trading volume is $67,337.32 representing a 10.23% change in the past 24 hours.
The market capitalization of SwissCheese is $2,997,814, ranking #817 globally.
The fully diluted valuation (FDV) of SwissCheese is $3,019,200, calculated assuming the maximum supply of 120,000,000 SWCH is in circulation.
Circulating: 119,150,000. Total: 120,000,000. Max: 120,000,000.
In the last 24 hours, SwissCheese traded between a low of $0.02099 and a high of $0.02565.
SWCH/USDTTether USDT0.02516 USDT
