Switchboard announces SWTCH token economics: 16% allocated to protocol rewards, community and startup account for 10%

PANews reported on September 9 that the oracle project Switchboard announced the SWTCH token allocation plan, with a total supply of 1 billion pieces, of which the ecological growth accounted for 26%, the initial contributor was 25%, the core team was 23%, the agreement reward was 16%, and the community and startup was 10%. As the core of the Switchboard's economic security model, SWTCH tokens can be used for governance, node operation incentives, reward allocation, and enhanced data access. The Switchboard oracle network runs as the Jito Node Consensus Network (NCN) on Solana. Node operators need to use collaterals such as SWTCH and JitoSOL to ensure network security. The SWTCH token claim will be opened at 20:00 Beijing time on September 9, 2025. Previous news, Binance Alpha will launch Switchboard (SWTCH), oracle protocol Switchboard completed a US$7.5 million Series A financing, led by Tribe Capital and others.