What is unique about Crypto Valley in the city of Zug

Modern technology continues to capture the hearts and minds of more enthusiasts, who are able to discover and implement ideas, inspiring the development of entire innovative industries.

Representatives of both tech giants and start-ups unite, exchange ideas and compete with each other, while preferring to be located in the neighborhood for convenience and optimization of common business processes. Silicon Valley, located in the state of California (USA), is the world most famous example of the phenomenon.

Another prime example of it is the Crypto Valley in Zug, Switzerland. ZUG is a canton (with the capital of the same name), by analogy, “cantons” can be compared with the states in the United States, which was one of the first to introduce preferential tax rates, and therefore in this small town (population of it is just over 30 thousand people) a huge number of international major corporations, including state corporations as well. For example, Nord Stream AG (Nord Stream), Glencore International AG (RUSAL), Siemens and many other companies are registered there.

Among other things, the most relevant for the modern world is that the ZUG has united the cryptocurrency giants.

One of these giants is the Tezos Foundation, an open source blockchain protocol for assets and applications that has the famous XTZ cryptocurrency. Another major company, Ethereum Foundation, whose part is not to control or govern Ethereum, the world’s second-largest cryptocurrency after bitcoin, but to fund crucial technology developments related to Ethereum. Moreover, Bitcoin Suisse broker offers services for buying and selling cryptocurrency assets. So, it cannot go any further without Simba.Storage, which is gaining global popularity, a cold storage for digital assets, which is preparing to take its place among all these giants as early as 2021.

The accumulation of the largest and most significant representatives of the cryptocurrency world in one city has layed the foundation of the Crypto Valley, known today as Crypto Valley Association, in 2017. All these companies were attracted here by the loyal towards cryptocurrencies Switzerland legislation, which is so important these days, since in many countries, regulators have not yet decided on the status of cryptocurrencies in their countries. In Switzerland, there is even a special institution, that controls the activities of this sector, called FINMA. This organization also provides banking licenses or financial permitions for all cryptocurrency companies.

It is worth clarifying right away, that you can find a name Crypto Valley Labs and if the Association is more related to networking (building trusting and long-term business relationships), then Crypto Valley Labs is supporting startups (including financial ones) already at the idea stage. Thus, Crypto Valley has already united more than 940 startups.

Crypto Valley is unique, because of all those opportunities, that a standard trip to the nearest cafe may open, where, simply by talking to people around, those, who are somehow connected with the world of cryptocurrencies or have minimal knowledge about this market, you always have a chance to get the most advanced information from the crypto industry, both in terms of changes in laws and in terms of technologies and the latest solutions, implementations in the field of the cryptocurrency market, and more.

All the most significant innovations related to staking, mining, programming and development take place here. This phenomenon is also caused by the holding in Zug of all significant events, summits, conferences, meetings for the crypto industry.

It is certain to state, that in the world of digital assets, all roads lead to Zug and that is why the headquarters of Simba.Storage will be located there.

The city of Zug has been selected as headquarters for Simba.Storage.

Simba.Storage is one example of an ambitious cryptocurrency company, that aims to become the world’s leading bitcoin custodian. The Simba brand itself will be represented on the largest and most famous cryptocurrency platforms, including the SIMBA token and the Simba Storage Token (SST) utility token.

Like other promising representatives of the industry, Simba chose Zug as the location for its headquarters, guided by the above arguments and obligations, including those to itself, in achieving high goals.

At the same time, the Simba team believes that the best results can be obtained by competently shaping their environment and creating the best conditions for their employees. Networking and building strong business and friendly relationships with partners and other industry representatives will allow Simba to grow at a rapid pace, overtake competitors and open up new horizons, enjoying the clean and fresh Alpine air and being inspired by the beauty of the Alpine mountains. All these components will ultimately allow us to provide the highest quality services for Simba.Storage customers.

To expand its presence and due to the rapid growth of the industry, Crypto Valley Labs, as an organization, has a representative office in Liechtenstein, and plans to open a branch in Dubai in 2021. In this context, it is important to note that Zug, Liechtenstein and Dubai are 3 out of 4 locations that Simba chose at the inception stage as the base locations for doing business and organizing cold bitcoin storage on their territory.

This directly indicates that Simba (a member of the Crypto Valley Association) and Crypto Valley Labs are keeping pace with each other and thinking in the same direction.

Prospects for registering a crypto business in Zug

Using the example of specific cryptocurrencies, in this case SIMBA and SST, one can trace the degree of influence on their further fate due to the location of the Simba headquarters in Zug.

The fact, that a company is in the Crypto Valley automatically prevents it from acting as an outsider and a loner. Cryptocurrency business, informationally cut off from the whole world, cannot be successful in the long term and this is a fact, that is easily proved by the Tezos and Ethereum Foundation located in the neighborhood. Even bright ideas voiced in the environment by a company located, for example, in Yekaterinburg, can and will be quickly implemented in Zug, especially with financial support from Crypto Valley Labs.

Among other things, fruitful cooperation with representatives of Crypto Valley will not allow scam projects to develop, because even at the level of human relationships, industry leaders will immediately turn their backs on the project and Crypto Valley Association will not allow the presence of unscrupulous organizations in its ranks.

Based on this, we can conclude that companies that are confident enough to move to the Swiss city and bring the best specialists from all over the world there, as well as join Crypto Valley Association, have the chances to stay afloat and continue successfully, following in step over time, higher than any other one in the industry.

Ultimately, all this proves the fact, that the clients of such companies can be completely confident, both in the bright future of their chosen projects, and in the reliability and increase of their capital invested in the company.