Swan Chain, initiated in 2021, is a groundbreaking AI Super Chain dedicated to decentralized AI computing and development. By leveraging OP Super Chain technology, Swan Chain seamlessly integrates Web3 and AI, offering a comprehensive ecosystem that encompasses computing, storage, and AI applications. This integration facilitates the development, deployment, and scaling of AI models, making AI more accessible and cost-effective.
Tokenomics
The SWAN token serves as the backbone of Swan Chain's ecosystem, designed to support growth, incentivize participation, and ensure operational sustainability. The total supply is capped at 1 billion tokens, distributed as follows:
- Early Purchasers (20%): Funding initial development and expansion phases, with 1.80% unlocked at the Token Generation Event (TGE).
- DAO Treasury (20%): Managing investments, legal costs, and other financial necessities, with 2% unlocked at TGE.
- Ecosystem Fund (25%): Supporting ecosystem growth through grants and projects, with 4% unlocked at TGE.
- Core Contributors (15%): Rewarding developers and team members integral to the project's development, with tokens vesting post-TGE.
- Airdrops (20%): Incentivizing broad network participation, with 2% unlocked at TGE.
SWAN tokens empower community governance, allowing stakeholders to participate in decision-making processes by staking tokens. Active participants may receive rewards to incentivize involvement and prudent decision-making.
Underlying Technology
Swan Chain employs a multi-layered protocol stack to deliver efficient and secure decentralized computing solutions:
- Consensus Layer: Manages smart contract execution and payment settlements.
- Peer-to-Peer (P2P) Network: Defines node connectivity and communication.
- Payment Channels: Facilitates fast, low-cost transactions within the system.
- Storage and Computing Layers: Handle data storage and computational task execution.
- Content Delivery Network (CDN) Layer: Manages data distribution across the global network.
This architecture integrates Kubernetes for container orchestration and blockchain technology for transaction security and process automation, resulting in a scalable and efficient infrastructure.
Market Status
As of December 16, 2024, SWAN tokens are publicly traded on major cryptocurrency exchanges, including Gate.io and MEXC. The initial trading price was approximately $0.2261, with a 24-hour trading volume around $12 million. The market has exhibited volatility, with prices fluctuating between $0.1038 and $0.2261 within the first 24 hours of trading.
Investors
Swan Chain has garnered support from prominent industry leaders and investors:
- Binance Labs
- Protocol Labs
- Chainlink Labs
- Outlier Ventures
- SNZ Holdings
Additionally, the project has secured grants from the Optimism Foundation and the Filecoin Foundation, underscoring its innovative approach to decentralized AI computing.
Development Status
On July 2, 2024, Swan Chain announced the launch of its mainnet, marking a significant milestone in its development. This upgrade transformed Swan Chain into a full-fledged AI blockchain, providing comprehensive solutions for integrating artificial intelligence and blockchain technology across storage, computation, bandwidth, and payment sectors.
Technological Innovation and Potential
Swan Chain addresses critical challenges in AI development, such as high costs and underutilized GPU resources. By creating a decentralized network that leverages idle computing power, it reduces expenses and democratizes access to AI development tools. The platform's integration of zero-knowledge proofs enhances security and privacy, while its Universal Basic Income model for computing providers promotes inclusivity and sustainability within the ecosystem.
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