PocketFi is a comprehensive solution that simplifies cross-chain transfers, swaps, and copy trading.
By leveraging Telegram and the Mini Apps platform, PocketFi aims to make DeFi interactions more user-friendly and seamless. One of the most exciting initiatives from PocketFi is the airdrop of its governance token, $SWITCH.
This article delves into the details of the PocketFi $SWITCH airdrop, its significance, and how users can participate.
What is PocketFi?
PocketFi is a versatile DeFi platform that facilitates the exchange of tokens across different blockchain networks. Users can swap their TON tokens for ETH and other cryptocurrencies, engage in sniping to capitalize on market opportunities and utilize copy trading to mirror the strategies of successful traders.
By integrating with Telegram, PocketFi provides an intuitive interface that makes DeFi accessible to a broader audience.
$SWITCH
SWITCH is the governance token of the PocketFi DAO (Decentralized Autonomous Organization). It plays a pivotal role in the ecosystem, allowing holders to vote on adding new DeFi protocols and other critical decisions that shape the future of PocketFi. Additionally, $SWITCH tokens are an incentive mechanism to encourage community participation and engagement.
In the first phase of the $SWITCH airdrop, 51% of all $SWITCH tokens will be distributed to participants. The process is gamified through a mining mechanism where users earn points that determine their mining performance. This performance ranges from a minimum of 1 SWITCH per hour to a maximum of 5 SWITCH per hour.
How to Earn $SWITCH Tokens via PocketFi Airdrop
To participate in the mining process and earn SWITCH tokens, users must follow these steps:
Register with the Telegram Bot
Use the PocketFi_Bot on Telegram to register.
Claim Tokens Every 6 Hours
Users must claim their tokens periodically to keep their mining active.
Complete Tasks
Engaging in specific tasks can boost mining productivity.
Invite Friends
PocketFi’s referral program is designed to maximize community growth and engagement. Users can earn significant rewards by inviting friends to join the platform. The referrer and the referred friend can earn up to 240 SWITCH tokens based on their points. Additionally, referrers receive 10% of their friends’ and 2% of their friends’ rewards. In the initial days after launch, 50% of the commissions from exchanges made by referrals will be redistributed to the referrer.
All earned tokens are stored in the “Claim” section and can be claimed immediately. However, they become transferable and exchangeable only after the Token Generation Event (TGE). It’s crucial to note that unclaimed tokens are burned every six hours, emphasizing the importance of regular claims.
How to Boost Mining Productivity
Participants can enhance their mining efficiency by completing various tasks. These tasks and their corresponding rewards are:
TON Network Swap
+8 SWITCH per hour (boost available up to 10 times per day)
EVM Network Swap
+5 SWITCH per hour (recommended on Arbitrum for cheaper gas fees, boost available up to 10 times per day)
Ethereum Mainnet Swap
+12 SWITCH per hour (boost available up to 10 times per day)
Connect TON Punks NFT
+5 SWITCH per hour for each NFT connected.
Connect NOTCOIN Voucher NFT
+0.01 SWITCH per hour for each NFT connected.
Conclusion
PocketFi sets a new standard in the DeFi space by integrating with popular communication platforms like Telegram and offering a seamless, user-friendly experience.
The $SWITCH airdrop is a unique opportunity for users to participate in the governance of PocketFi, earn rewards, and be part of a growing DeFi community. By engaging in mining, completing tasks, and leveraging the referral program, participants can maximize their earnings and contribute to the platform’s success.
As DeFi continues to evolve, initiatives like PocketFi and its $SWITCH token airdrop represent the future of accessible and decentralized financial interactions.
