PANews reported on September 9 that the oracle project Switchboard announced the SWTCH token distribution plan, with a total supply of 1 billion tokens, of which 26% will be allocated to ecological growth, 25% to initial contributors, 23% to the core team, 16% to protocol rewards, and 10% to the community and startup.

The SWTCH token serves as the core of Switchboard's economic security model and is used for governance, node operation incentives, reward distribution, and enhanced data access. The Switchboard oracle network operates as the Jito Node Consensus Network (NCN) on Solana, and node operators are required to secure the network using collateral such as SWTCH and JitoSOL. SWTCH token redemption will open at 8:00 PM Beijing Time on September 9, 2025.

According to previous news, Binance Alpha will launch Switchboard (SWTCH) , and the oracle protocol Switchboard completed a US$7.5 million Series A financing round, led by Tribe Capital and others .