LBank Exchange, a global digital asset trading platform, will list Switch (SWITCH) on June 8, 2023. For all users of LBank Exchange, the SWITCH/USDT trading pair will be officially available for trading at 4:00 am UTC on June 8, 2023. This is the first centralized exchange listing for the SWITCH token.
About the Switch token
The Switch token was launched on the decentralized exchange Uniswap on Feb. 23, 2023. Since its launch, it has been listed on CoinGecko and CoinMarketCap, and has had an average trading volume over $100,000 on the decentralized exchange.
The community surrounding the Switch blockchain continues to grow in numbers on platforms such as Twitter, Discord and Reddit. At time of writing, the SWITCH ERC-20 token was held in over 1,800 individual wallets, which can be verified by the Etherscan block explorer.
Whereas some tokens are created from initial coin offerings (ICOs), the SWITCH token is minted on and by the Switch blockchain as a digital reward for node owners who own and host node licenses that power the blockchain. The SWITCH token is an ERC-20 Token that has been bridged over to the Ethereum network from the native Switch blockchain. SWITCH will have a maximum supply of 50 billion Tokens.
The Switch blockchain is managed by its community of node owners and driven by a Distributed Governance Framework (DGF) charter that was voted in and approved by node owners.
About Switch Reward Card
Switch Reward Card is a blockchain-based financial services company delivering products for its users. Switch Reward Card offers debit payment solutions for both fiat currencies and cryptocurrencies around the world.
Switch is a unique payment ecosystem composed of the Switch app, Switch Card and the Switch network. Each component plays a vital role in fostering a more secure, predictable and reliable payment environment that organically incentivizes strong user advocacy.
The Switch app is a convenient and easy-to-use payment service and digital asset trading platform. This software application enables users to send and receive blockchain-based payments that are secure, irreversible and near-instant. It is the glue that ties the ecosystem together and allows Switch members to enjoy benefits that are not possible on legacy payment platforms. The Switch trading platform offers users both a custodial and a self-custody wallet, giving users more control over their assets.
More about Switch Reward Card and the Switch blockchain community
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a growing, cutting-edge platform that ensures the integrity of user funds and aims to contribute to the global adoption of cryptocurrencies.
Community and social media
LBK Blockchain Co. Limited