Poloniex Lists SwissCheese Token (SWCH)

Poloniex, a veteran crypto exchange, will enable full trading for $SWCH, the native token of SwissCheese—a decentralized platform on Polygon that lets users trade, stake, and borrow tokenized stocks like Apple and Netflix. Deposits opened today, May 15, at 09:00 UTC, with trading starting tomorrow. This listing increases $SWCH’s visibility and liquidity, potentially driving adoption among Poloniex’s global user base. SwissCheese aims to democratize investing by lowering barriers to traditional stock markets through blockchain tech [Poloniex X Post, 2025-05-15].

Recent News

SwissCheese has been making waves! In October 2024, BlockchainReporter highlighted its innovative approach to merging traditional finance with crypto, noting its user-friendly design and responsive support [BlockchainReporter, 2024-10-10]. The platform’s total supply is 120M tokens, with 23,650 holders as of the latest PolygonScan data [PolygonScan, 2025]. This listing follows Poloniex’s push to expand its DeFi offerings, despite recent community criticism over past issues [X Post, 2025-05-15].

Future Plans

SwissCheese’s roadmap is ambitious, with plans to introduce copy trading and advanced staking features by Q4 2025, further enhancing its ecosystem. The team also aims to expand tokenized asset offerings, targeting more global stocks to attract a broader audience [BlockchainReporter, 2024-10-10].

Onchain Data

PolygonScan shows $SWCH’s price at $0.00 currently, typical for pre-listing tokens, with steady wallet growth (23,650 holders). Transaction volume specifics are unavailable, but the platform’s focus on fractional stock ownership could spike activity post-listing [PolygonScan, 2025].

Community Sentiment

X reactions are mixed: some users predict a “10x” surge for $SWCH, calling it the “biggest DeFi” token, while others warn of Poloniex’s past controversies, urging caution [X Replies, 2025-05-15]. The playful SpongeBob imagery in the announcement adds a nostalgic vibe, resonating with younger traders.

Risk Disclaimer

New listings can be volatile—trade wisely and watch for potential scams mimicking official channels.