👜Token claims

$SWITCH tokens claims are processed using Dutch Auction model.

Pre-requisites

All switch claims are recorded as transactions in TON blockchain. Therefore, in order to process any claims, you have to refill your PocketFi TON balance.

Campaign dates

Starting date: May 20th, 2025 Finish date: June 9th, 2025

Progression

Token claim at auction start (May 20th, 2025) will put 100% of your tokens in 3-month-staking.

Tokens available for immediate claim unlock gradually over the course of auction, at a rate of 5% each 24 hours (~0.000057% per second)

Starting June 9th, 2025, all claims will credit 100% of your tokens on your PocketFi 2.0 balance, without any lock-ups in staking plans.

Details

Formula

⇒ ( CurrentTime — StartingTime ) / ( EndTime — StartingTime ) = TokenClaimShare

Example

If user claims token on May 21, 2025, at 3:00 UTC, the result will be calculated as following:

⇒ (May 21 3:00 — May 20 15:00) / (June 9 15:00 — May 20 15:00)

⇒ 12 hours / 480 hours = 0.025 = 2.5%

TokenClaimShare equals 2.5%, which means 2.5% of your balance will be claimed and available immediately, while 97.5% of remaining tokens will be locked in 3-month-staking plan.