Switchboard (SWTCH) to Launch on Bitget Innovation Zone

Bitget expands SWTCH integration by launching a two-pool Launchpool campaign, allowing users to lock BGB or SWTCH tokens from September 9–11, 2025, to share 5.5 million SWTCH rewards.

BGB

Summary

Bitget officially announced a Launchpool event for Switchboard (SWTCH) alongside its Innovation Zone listing. Users can lock BGB or SWTCH between September 9, 2025, 13:00 UTC, and September 11, 2025, 13:00 UTC, to share 5,500,000 SWTCH. The campaign includes a BGB pool with 5,000,000 SWTCH allocated and a SWTCH pool with 500,000 SWTCH allocated. Locking limits vary by user VIP tier for BGB and range from 5 to 50,000 BGB, while SWTCH pool participants can lock between 50 and 5,000,000 SWTCH. Rewards are distributed hourly based on locked volume, with assets returned to spot accounts after the period ends. Switchboard describes itself as a fast, customizable, permissionless oracle network, trusted across 51+ protocols and secured by Trusted Execution Environments.

Terms & Concepts
  • Launchpool: A token distribution mechanism where users lock specific assets to earn rewards in newly listed tokens.
  • Oracle Network: A blockchain infrastructure that provides smart contracts with external data, such as market prices or real-world events.
  • Trusted Execution Environment (TEE): A secure area within a processor that ensures sensitive data and operations are protected from external interference or tampering.