Gate Launchpool Session 315 Highlights
Image: https://www.gate.com/launchpool/381?detail_button=1
Gate is launching the 315th Launchpool event featuring Switchboard (SWTCH). The event runs from September 9, 2025, 13:00 UTC to September 13, 2025, 13:00 UTC, with a total airdrop of 537,190 SWTCH, all of which are fully unlocked.
Users can stake GUSD or SWTCH tokens to join the airdrop. Gate distributes rewards automatically every hour based on each participant’s staked proportion. Gate Launchpool also offers early staking, so users can start earning rewards as soon as mining begins.
How to Stake and Earn SWTCH
The process for participation is straightforward:
- Log in to your Gate account and complete account verification.
- Navigate to the “Launchpool” section and select the Switchboard event.
- Ensure you hold at least 0.05 GUSD or 1 SWTCH.
- Click “Stake” to join the airdrop event.
Staking early allows users to lock their assets in advance and continuously earn rewards once the event begins.
SWTCH Airdrop Rules and Distribution
- Total Supply: 537,190 SWTCH
- Unlocking: 100% fully unlocked
- Reward Distribution: Rewards are automatically credited to users’ spot accounts every hour, based on their staking proportion
This mechanism makes the platform user-friendly for new users.
Switchboard Project Overview and Application Value
Switchboard is a leading global permissionless oracle network, renowned for its speed and customizability. It provides secure and reliable data for on-chain transactions. Key advantages include:
- Ultra-fast data feeds: 300 times faster than traditional oracles
- Permissionless design: Any user can initiate new asset data feeds
- Trusted execution environment: Enhances security of on-chain transactions
Switchboard supports major chains, including Solana, Aptos, and Sui. It is backed by top investors such as Tribe Capital, RockawayX, and Subzero Ventures. The platform safeguards billions in assets across over 51 protocols and serves as essential infrastructure for DeFi and the Web3 ecosystem.
SWTCH Token Allocation and Unlocking Mechanism
- Initial Contributors: 25%; after a 6-month cliff, 33.33% is unlocked, followed by monthly releases of 2.78%
- Core Development Team: 23%, 6-month cliff, released linearly at 2.78% per month afterward
- Protocol Rewards & Incentives: 16%, 4.17% unlocked at Token Generation Event (TGE), then released in three stages
- Ecosystem Growth: 26%, 25% unlocked at TGE, 2.08% monthly after a 12-month cliff
- Launch & Community: 10%, 100% unlocked at TGE
Total Supply: 1,000,000,000 SWTCH
Token standard: SPL-20
Investor Notice and Risk Disclosure
Before participating in Gate Launchpool, please note:
- Blockchain projects involve volatility and uncertainty. Token prices may experience significant fluctuations.
- Launchpool airdrop rewards must be claimed according to the rules.
- Manage your funds responsibly.
- Gate Labs has not invested in Switchboard. This event solely provides staking and airdrop services through the platform.
This event is ideal for investors seeking easy access to cutting-edge oracle projects and offers an excellent opportunity to explore foundational Web3 data infrastructure.
