PocketFi Prepares for Governance token TGE, $Switch

PockeFi is a platform that simplifies complex DeFi tasks, offering users easy access to services like cross-chain token swaps, staking, yield farming, and copy trading, via its Telegram Mini-App. 

It has recently acquired over 9 million users, positioning itself as one of the most popular Telegram-based DeFi platforms. It has initiated preparations for the upcoming TGE for its governance token, $Switch, scheduled for Q4 2024.

After the TGE, the token is to be listed on major exchanges. $Switch will enable users to vote on governance decisions, including which DeFi protocols are integrated into the platform. Also, its airdrop has been scheduled for late 2024, sparking further excitement as users can earn tokens by engaging in various in-app activities.

The PocketFi is set to complete its final mining activities in Q4 2024, marking the end of its mining phase and the transition to a new phase centered around its anticipated airdrop and token listing. This final halving is particularly noteworthy because it signals the closing opportunity for users to participate in mining rewards before listing the PocketFi token.

Although the exact date for the airdrop hasn’t been announced yet, analysts expect that, given PocketFi’s strong community and ecosystem, its token price could experience upward momentum post-launch.