SWITCHX Token (SWX)

The SWX Token is the native utility and governance token of the SWITCHX platform. SWX tokens will be used for the following purposes:

  • Governance: Token holders can vote on protocol changes, fee structures, and platform upgrades.

  • Staking: Users can stake SWX to earn rewards and participate in the network's governance.

  • Liquidity Mining: Liquidity providers will earn SWX tokens as rewards for providing liquidity to the platform's pools.

  • Platform Fees: SWX tokens will be used to pay transaction fees on the platform at a discounted rate.

Token Distribution:

  • Governance and Staking Rewards: 40%

  • Liquidity Mining: 30%

  • Team and Advisors: 15% (with a 2-year vesting period)

  • Community Incentives: 10%

  • Treasury: 5%

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