Binance Alpha Users Can Claim SWTCH with Points

TL;DR

Binance Alpha will debut Switchboard (SWTCH) on September 9. Trading and airdrop claims require Binance Alpha Points. Eligibility thresholds do not change over time. Non-confirmed claims within the deadline are voided. CryptoRank shows a project funding of $11 million.

Binance Lists Switchboard Token First on September 9

Binance Alpha will introduce Switchboard (SWTCH) on September 9, marking the token’s first appearance. Trading and airdrop claims will commence simultaneously on this date, providing users an opportunity to engage with the new token.

Eligible users need Binance Alpha Points to claim the airdrop, with tokens distributed on a first-come, first-served basis. Claiming costs a specific number of Alpha Points, although the exact amount has not been detailed yet.

The eligibility threshold remains consistent over time, ensuring equal opportunity for all users meeting initial criteria. No additional conditions or changes to thresholds are indicated, simplifying the claiming process for participants.

Users must confirm their airdrop claim within a specified timeframe, generally 24 hours, on the Alpha Events page. If not confirmed in time, the claim is voided, redistributing remaining tokens to other eligible participants.

What Is Switchboard (SWTCH)?

Switchboard is built on blockchain technology, originally launched on September 9 on Binance Alpha. The project focuses on decentralized solutions and has since expanded to include various other exchanges and trading platforms.

The SWTCH token serves as the utility token within the ecosystem, facilitating transactions and governance. Typical use cases include staking and transaction fees. The token’s total supply information is currently not provided.