[Switchboard Announces SWTCH Tokenomics: 16% Allocated for Protocol Rewards and Incentives] Foresight News reports that decentralized oracle service provider Switchboard has announced the tokenomics for its SWTCH token. The total supply of SWTCH is 1 billion tokens, with 26% allocated for ecosystem growth, 25% for initial contributors, 23% for the core development team, 16% for protocol rewards and incentives, and 10% for launch and community. According to the official statement, only a small portion of SWTCH will be available for circulation at the time of token launch. Early circulating supply will primarily come from allocations for launch and community as well as ecosystem growth. Tokens allocated to the core development team and initial contributors will have a six-month lock-up period and will not be released until March 2026. After the lock-up period, tokens for the core development team and initial contributors will be gradually unlocked to ensure alignment with the protocol's long-term sustainable development. The claim process for SWTCH will open on September 9, 2025, at 20:00.