⛏️Mining

During the first phase, 51% of $switch tokens were distributed among miners.

Mining performance

Upon starting the mining user account were given score. The mining speed was determined by score. Base mining performance was 1 $switch per hour, max performance was 5 $switch per hour.

Moreover, users could've boosted their mining performance by the following actions

• TON network swap: +2 $switch/hour per swap (24 hours, up to 40 times a day)

• EVM network swap: +0.6 $switch/hour per swap (24 hours, up to 40 times a day)

• Ethereum mainnet swap: +1.1 $switch/hour per swap (24 hours, up to 40 times a day)

• Connect TON Punks NFT: +0.3125 $switch/hour per NFT, while connected.

• Join Big Pump Whitelist & invite 2 friends: +1.5 $switch/hour.

• ?????

• Actual $SWITCH mining speed boosts were available in the PocketFi app!

Claim and burn

All mined tokens appeared to claim. Claim was available immediately, although tokens were stored in user account unavailable for transfers and swaps (until token generation event). All unclaimed tokens burned automatically every 6 hours.

Roadmap and Halving

The overall mining speed gradually reduced based on Total Users milestone pass. The mining speed reduction also applied to all boosts.

Total Users	Speed Adjustment	Example
<2,000,000	x	5 $SWITCH/h
2,000,000 — 4,000,000	0,5x	2.5 $SWITCH/h
4,000,000 — 6,000,000	0,25x	1.25 $SWITCH/h
6,000,000 — 8,000,000	0,125x	0.625 $SWITCH/h
8,000,000 — 10,000,000	0,0625x	0.3125 $SWITCH/h
>10,000,000	0,03125x	0.15625 $SWITCH/h

The End of Mining

On March 31st, the mining process permanently suspended.