Introducing The $SWAN Token
We’re thrilled to announce the launch of Swan Chain’s first airdrop, a significant milestone in celebrating the unwavering support and contributions of our global community. This airdrop represents more than just token distribution — it’s a thank you to each of you who has fueled our journey and is now positioned to actively shape Swan Chain’s future. By joining in governance, engagement, and key platform developments, our community members are pivotal to our success and continued growth.
Global Community Involvement
Swan Chain’s global presence has flourished thanks to the dedication of contributors from all corners of the world. Together, we’ve reached impressive milestones and active participation. Through a blend of local and international events, our supporters have enabled Swan Chain to establish a dynamic, inclusive ecosystem.
This airdrop is a tribute to the efforts of community members who have been vital to our growth, showing our appreciation to those who have helped elevate Swan Chain’s mission worldwide.
The Utilities of SWAN
- Voting Power: Influence network decisions based on token holdings.
- Usage-Based Rewards: Compute and storage providers earn $SWAN based on the volume and quality of their contributions.
- Incentives: Earn rewards through participation in governance and community initiatives.
Charles Cao, Founder of Swan Chain, remarked:
“The $SWAN token is central to our vision of democratizing AI development and creating an accessible, decentralized ecosystem. We believe that by empowering developers and enterprises with tools to unlock the potential of Web3, we can shape the future of AI adoption at scale.”
Token Distribution
The Token Generation Event (TGE) will occur at 10:00 AM EST on December 16, 2024. The max supply of SWAN is 1,000,000,000 tokens, with the following distribution at launch:
Early Purchasers (1.80%)
- 18,000,000 Tokens
- Purpose: Reward early supporters who contributed to Swan Chain’s initial development and funding.
DAO Treasury (2%)
- 20,000,000 Tokens
- Purpose: Manage network operations, fund governance initiatives, and support strategic investments.
Ecosystem Fund (4%)
- 40,000,000 Tokens
- Purpose: Fuel developer grants, partnerships, and ecosystem expansion, fostering innovation and community participation.
Core Contributors (0%)
- 0 Tokens
- Purpose: Tokens reserved for contributors will vest post-TGE, ensuring alignment with long-term goals.
Airdrops (2%)
- 20,000,000 Tokens
- Purpose: Incentivize early adopters, bootstrap community growth, and encourage user engagement.
Claim portal will open at 9:00 AM EST, December 16, 2024.
The airdrop claim period will be open for 30 days, allowing ample time for eligible participants to access their tokens. After this period, any unclaimed tokens will return to airdrop pool for future airdrops.
SWANU/SWAN Swapping
At launch, we will introduce a portal allowing users to swap their SWANU (Swan Compute Unit) for SWAN at a 1:1 swap rate. This option will be available for 30 days, after which the SWANU token will no longer be eligible for swapping.
Time: Starting from 10:00 AM EST on December 16, 2024
Website: https://www.swanchain.io
Twitter: https://twitter.com/swan_chain
Telegram: https://t.me/swan_chain/
Discord: https://discord.gg/swanchain
