Announcements Initial Listing: Gate to List Switchboard (SWTCH) for Spot Trading and Launch Project #315

Initial Listing: Gate to List Switchboard (SWTCH) for Spot Trading and Launch Project #315

2025-09-09 04:15:52 UTC 30489 Read

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Gate will list Switchboard (SWTCH) for spot trading at 13:00 on September 9, 2025 (UTC) and launch project #315: Switchboard (SWTCH). By staking GUSD and SWTCH, users can share 537,190 SWTCH tokens for free, with airdrop rewards distributed hourly.

**Switchboard (SWTCH)  Spot Trading**
**Start Time: September 9, 2025, 13:00 (UTC)**
SWTCH Deposit Link: https://www.gate.com/myaccount/deposit/SWTCH
SWTCH Trading Link:
 https://www.gate.com/trade/SWTCH_USDT

**Airdrop Details**
**Staking Period: September 9, 2025, 13:00 (UTC) – September 13, 2025, 13:00 (UTC)**
Total Staking Rewards: 537,190 SWTCH

![](https://gimg2.gateimg.com/image/6_20250909_111746_3ec43a16d8249ce638a48b0c1f917699.png)

<div style="text-align: center;"><a data-type="gate-activity" rel=""  href="https://www.gate.com/launchpool/381?detail_button=1" target="_blank" style="text-decoration: none !important;display: inline-block;"><div class="gateactivity-btn-style" style="width: 240px;height: 40px;box-sizing: border-box;padding: unset;border-radius: 99px;display: inline-flex;align-items: center;justify-content: center;background: #3377FF;cursor: pointer;"><strong><span style="color:#fff; text-decoration: none;">Stake Now to Earn</span></strong></div></a></div>

Unlock Method: Unlock 100%
Gate Launchpool supports early staking, allowing you to stake your assets before the official launch of the project to start earning rewards immediately once mining begins.

**Rewards Distribution** 
Token rewards will be distributed hourly to users' spot accounts, based on the proportion of assets each user has staked.
<a href="https://www.gate.com/help/guide/launchpool/37021" target="_blank">Gate Launchpool FAQs</a> 
How to Participate: Log in to your Gate account and complete <a href="https://www.gate.com/myaccount/kyc_home" target="_blank">Identity Verification</a> - Navigate to <a href="https://www.gate.com/launchpool" target="_blank">[Launchpool]</a> - Hold at least 0.05 GUSD / 1 SWTCH - Click [Stake].

Mint GUSD: <a href="https://www.gate.com/staking/GUSD" target="_blank">https://www.gate.com/staking/GUSD</a>
GUSD Deposit Link: <a href="https://www.gate.com/myaccount/deposit/GUSD" target="_blank">https://www.gate.com/myaccount/deposit/GUSD</a>
GUSD Trading Link: https://www.gate.com/trade/GUSD_USDT

**Introduction:**
Switchboard is the fastest, most customisable, and only truly permissionless oracle network, designed for those who refuse to compromise on speed or decentralisation. Trusted by industry leaders, Switchboard secures billions in assets across 51+ protocols by delivering market data 300x faster than other oracles.
Switchboard’s unique permissionless design unlocks the market. Anyone can instantly launch data feeds for new assets, giving traders immediate access to more opportunities. Secured by Trusted Execution Environments, this combination of raw speed and open access powers a faster, safer on-chain trading ecosystems.
Switchboard is backed by leading venture firms Tribe Capital and RockawayX, with strategic investment from the foundations and core teams behind Solana, Aptos, Sui (Mysten Labs), and Starkware, alongside funds such as Subzero Ventures, Arche Capital, Breed VC, and Ascensive Assets.

Token English Name: Switchboard
Token Chinese Name: N/A
Token Symbol: SWTCH
Max Supply: 1,000,000,000
Token Type: SPL-20
Token ID: https://explorer.solana.com/address/SW1TCHLmRGTfW5xZknqQdpdarB8PD95sJYWpNp9TbFx
Token Allocation & Unlock Rules:
Initial Contributors (25%)：0% at TGE, 6-month cliff, 33.33% unlocked after cliff, then 2.78% monthly linear vesting
Core Development Teams (23%): 0% at TGE, 6-month cliff, 33.33% unlocked after cliff, then 2.78% monthly linear vesting
Protocol Rewards & Incentives (16%): 4.17% at TGE, then linear vesting over four years: 4.17% monthly in Year 1, 2.08% monthly in Year 2, 1.04% monthly in Years 3–4
Ecosystem Growth (26%): 25% at TGE, 12-month cliff, then 2.08% monthly
Launch & Community (10%): 100% unlocked at TGE

Official Website: https://switchboard.xyz/
Whitepaper: https://docs.switchboard.foundation/whitepaper

**Gate Labs Investment Disclosure**
Gate Labs did not invest in Switchboard (SWTCH).

**Notes**
1. Gate Launchpool is an innovative staking airdrop platform where users can stake GT, BTC, ETH, USDT, GUSD, or other tokens to earn hourly airdrops of trending and newly listed tokens. With low entry thresholds and high APR potential, it offers an easy way to capture market opportunities.
2. Users must complete <a href="https://www.gate.com/myaccount/kyc_home" target="_blank">Identity Verification</a> before participating in Launchpool to ensure the security of accounts and assets.
3. Please follow the relevant event rules. Any cheating behavior is prohibited, which will result in disqualification from rewards.
4. In case of discrepancies between the translated and the original English versions, the English version shall prevail.
5. Gate reserves all rights to the final explanation of this event.
6. This event is not affiliated with Apple Inc.
7. Users in the United Kingdom and other Restricted Locations cannot access all or part of the services (including participating in this event, games or competitions). See the <a href="https://www.gate.com/user-agreement" target="_blank">User Agreement</a> for further details on Restricted Locations.

**Risk Warning**
1. As a blockchain startup still in its early stages, the project may involve significant risks in various aspects, including operations, underlying technology, and the legal/regulatory environment.
2. Understanding blockchain startups and assessing their inherent risks require advanced technical and financial knowledge.
3. Due to influences from technology, regulatory frameworks, market conditions, and other factors, the project you participate in may experience significant price volatility, with prices potentially rising or falling sharply.
4. Due to issues related to the underlying technology of the project or the Gate trading platform, you may be unable to withdraw all or part of your assets from the project.
5. Cryptocurrency projects are high-risk by nature, and cryptocurrency prices are highly volatile. The project team does not provide any form of margin, price guarantees, or downside protection. Please only participate if you fully understand and can bear the risks. Gate strongly warns of potential risks, but cannot assume liability for any investment decisions, nor provide any guarantees or compensation.

<br>
<sp>
Gate Team
September 9, 2025
<sp>
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Initial Listing: Gate to List Switchboard (SWTCH) for Spot Trading and Launch Project #315

Initial Listing: Gate to List Switchboard (SWTCH) for Spot Trading and Launch Project #315

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