What is SWAN Coin and SWAN Tokenomics?

Bittime - Swan Chain is a decentralized infrastructure that leverages Ethereum Layer 2 technology through OP Stack to accelerate the adoption of artificial intelligence (AI). 

SWAN Coin serves as the native currency in this ecosystem, designed to facilitate participation and incentives for users in the network. This article will take a deeper look at SWAN, its unique features, and its role in maintaining the functionality and sustainability of the Swan Chain ecosystem.

Visi Swan Chain

Swan Chain has an ambitious vision to provide end-to-end solutions in storage, computing, bandwidth and payments. With a focus on increasingly important data processing and analysis, Swan Chain enables developers, businesses, and individuals to leverage distributed computing resources with ease, making it a platform that supports innovation in the world of AI.

SWAN Token: Powering the Ecosystem

SWAN tokens are the heart of the Swan Chain ecosystem, with a fixed total supply of 1 billion tokens. Designed tokenomics supports the growth and sustainability of Swan Chain. 

A portion of these tokens is allocated to investors, the DAO Treasury, and the fund ecosystem, to support project development and expansion. Additionally, a portion is also distributed via airdrops to encourage user participation.

How SWAN Tokens Work

The SWAN token functions as a medium of exchange for various transactions and incentives on the network. Swan Chain incentivizes network participants such as Edge Computing Providers (ECP) and Fog Computing Providers (FCP) by distributing SWAN tokens in exchange for their contributions. This encourages active participation and ensures network growth and reliability.

Collateral and Slashing Mechanisms

To maintain network integrity, all providers must deposit a certain amount of SWAN tokens as collateral. This collateral may be subject to slashing mechanisms, where fraudulent actions or non-compliance with network rules may result in a portion of deposited tokens being burned or confiscated. This helps prevent malicious behavior and builds trust among participants.

Also read: Time Farm When did LaborX integrate the Base Layer 2 network?

Universal Basic Income (UBI) and Governance

Swan Chain implements a Universal Basic Income (UBI) system by distributing a portion of SWAN tokens to eligible network participants. This ensures ongoing engagement and rewards valuable contributions. 

Additionally, holding SWAN tokens gives community members the right to participate in network governance, allowing them to vote on important decisions such as protocol upgrades and resource allocation.

Conclusion

The SWAN token is the foundation of the Swan Chain ecosystem, driving innovation and participation through a well-structured tokenomics model. By joining initiatives like the Atom Accelerator Race, users can earn SWAN Credits and play a critical role in shaping the future of decentralized computing. Don't miss the opportunity to be part of a revolutionary platform that combines the power of blockchain and AI to create a more efficient and inclusive digital economy.

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