HTX has announced its support for the rebranding of SwissBorg tokens, transitioning from CHSB to BORG. In preparation, HTX has arranged various measures, including the temporary suspension of CHSB withdrawals and deposits effective from 06:00 UTC on October 16, 2023. Trading of CHSB tokens will also cease at the same time on the same date, with services set to resume for BORG after an official announcement.

Snapshots of users' positions will be taken on October 16, 2023, at 16:00 UTC, following the cancellation of all pending orders. The conversion from CHSB to BORG will occur on a 1:1 basis. Additionally, spot trading pairs involving CHSB and USDT will be disabled by HTX on October 16, 2023, at 06:00 UTC.

The impact of this announcement is evident in the token's performance, as it has experienced a 9.92% decrease in the last 24 hours. However, over the past 7 days, CHSB has seen a 9.18% increase and was last traded at $0.193357. This temporary decline may be attributed to exchange platforms halting trading services for the token. It is anticipated that the SwissBorg forecast will approach $0.23 by the year's end, assuming a positive performance post-resumption of services, which could be maintained into the following year.

The rebranding from CHSB to BORG coincides with the migration of MATIC tokens to POL tokens within the Polygon ecosystem, following a 1:1 ratio. HTX's support for this transition involves temporarily suspending all key services and pending orders related to CHSB on October 16, 2023, at 06:00 UTC. The resumption of services with BORG will be announced later through an official post by the exchange platform.