Tokenomics refers to the economic system and mechanics behind a cryptocurrency or blockchain token. It encompasses the various ways in which a token is distributed, used, and valued within a blockchain ecosystem. Tokenomics plays a crucial role in defining the token's utility, value proposition, and its overall function within the network.
There are a total of 50,000,000,000 SWITCH tokens with a halving that occurs each year. Distribution began on February 25th, 2022, and will continue as follows:
Year 1: 25,000,000,000 tokens (50% distributed)
Year 2: 12,500,000,000 tokens (75% distributed)
Year 3: 6,250,000,000 tokens (87% distributed)
Year 4: 3,125,000,000 tokens (93% distributed)
Year 5: 1,562,500,000 tokens (96% distributed)
And so on until all tokens are distributed
Tokens are distributed every day throughout the year to those who operate Switch nodes. The distribution of tokens will be determined based on the total number of action points earned from participating in the specified activities.
Disclaimer: SWITCH is a digital reward distributed through the Switch node network according to predetermined smart contracts. SWITCH is designed to have utility on the Switch platform for the purchase of Switch products and services, although other cryptocurrencies may be used as well. SWITCH is not available for purchase from Switch. SWITCH is not an investment product and may never have any value. Switch node owners should not expect to recognize any value from SWITCH other than its utility with Switch. Although Switch plans to undertake efforts to become a successful business, it is highly likely that SWITCH’s value will not correlate with the success or failure of Switch.