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Swan Chain November 2024 Monthly Report - A Month of Breakthroughs!
November was explosive for @swan_chain
Highlights:
🔹Launched Celestial Bloom campaign (1M $SWAN rewards )
🔹Introduced UBI-0 Plus for Computing Providers
🔹Expanded Swan Console Mining Marketplace
🔹Strategic partnerships with @OntologyNetwork
Want the full scoop? Dive into our comprehensive monthly report and see how we're reshaping decentralized AI infrastructure!
👉 Full Report: https://t.co/CaI3mFzaRd
Swan Chain Explained 📖 Computing Layer
Swan’s Computing Layer powers decentralized cloud computing by connecting users with Computing Providers (CPs) for secure and efficient task execution.
How It Works:
🔹 Computing Providers (CPs): Offer resources with Swan token collateral to ensure accountability.
🔹 Task Allocation: Users submit tasks; CPs bid and are fairly assigned jobs.
🔹 Rewards: CPs complete tasks to earn Swan tokens, incentivized by performance.
🔹 Collateral & Slashing: Missed tasks result in token penalties, driving reliability.
🔹 Cross-Chain Payments: Payments in various tokens are converted to Swan tokens seamlessly.
🔹 Decentralization & Security: Blockchain ensures transparent and secure operations.
🔹 Integration: Works with IPFS, Filecoin, and other Swan services for a full-stack solution.
📢Big News for Swan Chain Computing Providers!
Introducing UBI-0 Plus: Your Bridge to the #TGE. Get ready for a game-changing rewards program that maximizes your earning potential.
Let's dive in👇
https://t.co/B6KYmy9Jx3
Wondering where the OP grant comes from and how it relates to the Celestial Bloom mission?
Here’s what Josh Wadins shared about: How Optimism’s Grant System Fuels Ecosystem Growth.
🌌 Introducing Celestial Bloom: A New Mission to Evolve Swan Chain
A new chapter begins! Celestial Bloom is here to celebrate growth, deepen community bonds, and reward your unwavering support as we revolutionize decentralized AI.
💫 What’s New?
- Purpose: Expand Swan Chain while offering rewards for active participation.
- Start Time: Nov 26th, 2024, 15:30 UTC.
🎁 Rewards:
- At the end of the campaign, eligible participants will share the following rewards:
🔹 1M SWAN tokens
🔹 150K OP tokens
Unlock $OP by meeting TVL milestones—if not reached, only $SWAN will be distributed.
⚙️ Refinements:
- Daily Combo: Earn up to 5000 points/day with a sustainable structure.
- Login Security: Wallet-based login for seamless and secure access.
- Fresh Start: Social Points, XP, and multipliers reset for Season 2 (referral data stays intact).
- Airdrop Bonus: Now capped at 50%, ensuring balanced rewards.
🔗 Learn more: https://t.co/mXezFufJxA
Swan Chain Explained 📖 Cloud Computing
Cloud computing provides remote access to resources like storage and processing power, enabling flexible and scalable solutions without the need for physical servers.
How Does Swan Chain Relate to Cloud Computing?
Swan Chain builds on cloud computing by creating a decentralized network of global computing providers, turning unused resources into a distributed cloud. This offers:
🔹 Cost-Effective AI Development: Swan Chain’s decentralized approach reduces computing costs, making AI more accessible.
🔹 Enhanced Security: Blockchain ensures data privacy and secure transactions, adding trust beyond traditional cloud solutions.
Swan Chain expands cloud computing into a decentralized, community-powered ecosystem, offering a fair and efficient alternative to centralized providers.
Get ready for our second Community Call on Swan Chain!
📅 When: November 7, 2024
📍 Where: https://t.co/vsASbOLSQE
Join us as we dive into all the exciting activities Swan Chain has achieved this past month! Don’t miss out on updates, insights, and a chance to connect with our team.
October was HUGE for Swan Chain!
- TVL surpassed $500K
- UBI-0 Program launched with 1.2M $SWAN rewards
- major partnerships:
@LumozOrg, @AutonomysNet & @CuckooNetworkHQ
Want to know what's next? Please read our full October report 👇 https://t.co/e6viqRxoax…
Mainnet launch and TGE are officially set for Tuesday, November 19th! Join us as we celebrate this milestone in the #Bitfinity community. Stay tuned for more updates! ✨💡 #Bitfinians