PocketFi, a popular DeFi platform that provides financial services incorporating blockchain tech, is distributing its native token: $SWITCH through an airdrop event. Notably, $SWITCH is the decentralized autonomous organization (DAO) governance token for PocketFi.
By actively participating in the token’s mining, users can earn $SWITCH at the PocketFi airdrop event. Accordingly, users holding the token decide on new protocols for PocketFi and execute other decision-making processes in the community.
PocketFi ($SWITCH) Airdrop on Telegram
To participate in PocketFi’s airdrop on Telegram and start mining tokens:
Launch the PocketFi Telegram bot by clicking here and selecting Start. Click on Launch PocketFi to open the bot app and begin mining $SWITCH tokens. To start, click on “Score my Profile” to get your mine rate per hour.
Interestingly, all $SWITCH mined this way must be claimed before 6 hours (minimum claim amount is 0.02 $SWITCH). Failing to claim the mined tokens before the 6-hour mark entails losing all the tokens mined during that period.
In addition, users can earn more tokens while speeding up the mining process by carrying out other activities. These are available in the Tasks option where different tasks confer different rewards.
Also, users can accumulate more tokens by referring friends. You can obtain an invite link to share with friends by clicking on the Frens option and copying the link.
Redeeming Your Tokens
In a nutshell, there’s no specified value attached to $SWITCH tokens on PocketFi yet, just speculations and estimations. Meanwhile, the project has not announced a specific airdrop date yet.
So, users just continue to mine tokens and carry out other tasks while awaiting this info from PocketFi. After the initial mining phase, the token will list on exchanges, allowing users to sell or exchange their accumulated $SWITCH.
Before this, the project would release guidelines stating users that qualify for the airdrop and how to redeem $SWITCH tokens.
In Conclusion
The above content is just information and not financial advice. Before participating in any airdrop (or investment), gauge your risk tolerance level and conduct your research.