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LBank Welcomes Switch (SWITCH): The Next Generation of Blockchain Financial Services

Thursday, June 15, 2023 10:04 AM | Newsfile via QuoteMedia

LBank Welcomes Switch (SWITCH): The Next Generation of Blockchain Financial Services

Road Town, British Virgin Islands--(Newsfile Corp. - June 15, 2023) - LBank is thrilled to announce the upcoming listing of the Switch Token (SWITCH) on its platform. This is the first Centralized Exchange listing for the Switch Token.

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LBank Welcomes Switch (SWITCH): The Next Generation of Blockchain Financial Services

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About The Switch Token

The Switch Token was launched on the decentralized exchange Uniswap on February 23, 2023. Since its launch it has been listed on CoinGecko, 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 this writing, the SWITCH ERC-20 token was held in over 1800 individual wallets, which can be verified by the Etherscan block explorer.

Whereas some tokens are created from ICOs, or Initial Coin Offerings, 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 Max Supply of 50 Billion Tokens.

The Switch Blockchain is managed by the community of node owners and driven by a Distributed Governance Framework (DGF) Charter that was voted in and approved by node owners. Switch Reward Card (the company) has no authority or control over the community-led Switch Blockchain.

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 traditional and cryptocurrencies around the world.

Switch is a unique payment ecosystem composed of the Switch App, the Switch Card, and the Switch Network. Each component plays a vital role in fostering a more secure, predictable, and reliable payment environment.

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. The Switch Trading Platform offers users both a custodial and a self-custody wallet giving users more control over their assets.

Why Switch is Joining LBank

LBank recognizes the immense potential of Switch in providing a robust and decentralized blockchain network for financial services. Switch's innovative protocols, the commitment to a decentralized system, and forward-looking financial services reflect LBank's own commitment to providing its users with the most advanced blockchain technologies. By listing SWITCH, LBank intends to provide users with an opportunity to participate in a groundbreaking ecosystem and be part of the next generation of blockchain financial services.

Benefits to Participants

By listing SWITCH on LBank, LBank users get an opportunity to participate in a unique and promising DeFi project. The Switch Blockchain brings a multitude of benefits to its users and community members:

Decentralization: The Switch Blockchain is a decentralized global node network of community members.

Fostering Innovation: Being part of the Switch Community means that community members are directly involved in an ecosystem that fosters innovation in blockchain-based financial services.

Community Governance: Control over the SWITCH distribution lies with the Switch Blockchain Distributed Governance Framework (DGF), managed by and comprised of node owners. This gives participants an opportunity to have a say in the future direction of the ecosystem.

More about Switch Reward Card and the Switch blockchain community

Official website

About LBank

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
LBank Exchange

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