Action Points Vs Switch Rewards

Action Points Vs Switch Rewards

December 07, 20252 min read


Node owners will be able to earn Action Points by participating in certain action items. This is called Proof of Action, which recognizes contribution and energy usage tied to a given blockchain. The Rewards page of your Switch Web App is where you will see a breakdown of the Action Points completed by your individual nodes.

Action Points are not Switch Rewards.   The points you earn, however, do determine the amount of Switch Rewards you will receive once distribution happens.   This is not a 1:1 exchange ratio of Action Points to Switch Rewards.   Your Switch Reward distribution is determined as a % of the Action Points you earned vs the total number of Action Points earned by all participants during that distribution period.  Beginning in October 2022, node owners were first able to see the Action Points in their Rewards dashboard. Beginning in mid to late 2024, your anticipated Switch Rewards became visible.   These are steps in the process of distribution.  The Action Points and Switch Rewards are currently only visible as what has been earned up to this point and updates daily according to the formula.

The first Action Item to be rewarded is running your node for a minimum of 6 hours per day.   This began on February 25, 2022, and the points have been accumulating since then. 

Other future Action Items will be based on activities involving the use of the trading platform within the Switch App, purchases made on the Switch Black Card, and referrals of the Switch Black Card. Again, this announcement, seeing Action Points and Switch Rewards in the dashboard, is a step in the process toward Rewards Distribution. A full breakdown of Action Items and the distribution formula can be seen in the Switch Litepaper

Stay tuned for more exciting updates and announcements.

For more information about action points, visit our Help Center

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Disclaimer

Switch nodes and the Switch blockchain are governed by a Distributed Governance Framework, which is distinct from and not solely controlled by Switch Reward Card DAO LLC. Any value derived from Switch nodes and Switch Digital Rewards is likely to be uncorrelated with the success or failure of Switch Reward Card.

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Digital Assets and Custody are provided by Ibanera LLC and Vault IST DMCC. Ibanera LLC and Vault IST DMCC are not insured depository institutions or banks. Digital assets are not legal tender, are not insured by the Federal Deposit Insurance Corporation ("FDIC"), and are not subject to protections afforded to bank deposits. Digital assets are subject to extreme price volatility and may lose value. Digital assets held in your digital asset account (i.e. rewards wallet or trade wallet) are not insured by any governmental entities, including but not limited to FDIC. As with any asset, the value of digital assets can go up or down and there can be substantial risk that you lose money buying, selling, or holding, in digital assets. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. No bank guarantee and may lose value.

Switch Nodes and the Switch Blockchain are governed by a Distributed Governance Framework, which is distinct from and not controlled by Switch Reward Card DAO LLC (Switch Reward Card). Any value derived from Switch Nodes and Switch Rewards is likely to be uncorrelated with the success or failure of Switch Reward Card.

Switch Reward Card does not sell digital rewards. The Switch Blockchain, which is governed by Switch Node owners, self-governs the distribution of Switch Rewards. Switch Rewards are earned in exchange for work and action on the Switch platform. Switch Rewards are digital rewards designed to have utility on the Switch platform for the purchase of Switch's products and services. Switch Rewards is not an investment product and may never have any value outside of the Switch platform. Switch Node owners should not expect to recognize any value from Switch Rewards other than its utility on the Switch platform. Switch Reward Card does not anticipate correlation between Switch Rewards' value and Switch Reward Card's business activities.

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