Introducing the Swan Chain Mission: On-Chain

As Swan Chain’s plan toward network decentralization, we are excited to introduce the last phase of the Swan Chain Mission. In this phase, participants will transition from Social Mission to On-Chain Mission, where contributions made directly on-chain. The duration of this phase is 6 weeks, and it serves as the final opportunity to engage with Swan Chain before the TGE.

Join now to embark on this exciting journey: mission.swanchain.io

Mission duration: 6 weeks, starting from 3:00 UTC on September 12

1. New Updates

In the previous phase (Social Mission), participants were rewarded with an Airdrop Bonus for engaging in off-chain activities. In this new phase, users will be rewarded for their participation on Swan Chain Mainnet. The more you contribute, the more Onchain XP you accumulate, increasing your rewards in $SWAN tokens.

Social Mission and your progress will be resumed as it determines airdrop bonus based on your ranking in the Social Mission leaderboard. Both Missions will be ended on the same date.

2. What is Onchain XP?

Onchain XP is the primary metric in this phase, which directly determines your allocation of $SWAN tokens. Unlike Social Points, which were earned through Social Mission in the previous phase, Onchain XP is exclusively gained by completing on-chain tasks.

3. How to earn Onchain XP?

3.1 Wallet Balance

A simple yet effective way to start earning Onchain XP is by maintaining a wallet balance on Swan Chain. The more ETH you hold, the more XP you accumulate, rewarding your ongoing commitment to the Swan Chain ecosystem.

• XP Earning Rate: 50 XPs/day per ETH holding
• XP will be counted and updated every 5 minutes

Important note:

• For users that haven’t had ETH on Swan Chain, you will need to use the suggested bridges listed on mission.swanchain.io to start earning XP.
• For users that already have ETH on Swan Chain, you will need to make a transfer with any amount of ETH to any address on Swan Chain to let the system recognize your existing fund.

3.2 Computing Provider (CP) Tasks

Another significant way to earn Onchain XP is by completing Computing Provider (CP) tasks. Computing Providers play a pivotal role in Swan Chain’s infrastructure, and by contributing to this network function, you not only enhance the network’s performance but also earn valuable XP.

To learn more about Computing Providers, visit our documentation.

3.3 Other Tasks

Swan Chain will introduce a range of additional onchain tasks that allow participants to diversify their contributions and earn more XP. These tasks will be revealed progressively throughout the missions, ensuring there are always fresh opportunities to engage.

II. Referral Program: Boost Your Earnings

In this phase, you can also earn a 10% bonus based on the earnings of those you refer to the Swan Chain Mission. For every person who joins through your referral link and earns XP, you will receive a 10% bonus of their earnings. This is a great way to amplify your rewards by growing the Swan Chain community.

Note: Successful referrals from Social Mission will remain valid for Onchain Mission.

III. How does “Airdrop Bonus” work?

The airdrop allocation in this phase is determined by a combination of your Social Points and your Onchain XP. Here’s how it works:

• Social Points: These will determine your airdrop bonus percentage, which can range from 0% to 100%, depending on your ranking.
• Onchain XP: This will directly determine your base $SWAN token allocation.

Example

If you achieved a high rank in the Social Mission and earned a 90% airdrop bonus, and your Onchain XP qualifies you for a base token allocation of 1000 $SWAN, your final airdrop allocation would be calculated as follows:

Final Airdrop Allocation = 1000 * (1 + 90%) = 1900 $SWAN

IV. Terms and conditions

Modification of Points and Tasks

Swan Chain reserves the right to change the point system and tasks at any time. These adjustments will be made without prior notice to participants.

Disqualification for Suspicious Activity

Swan Chain reserves the right to disqualify any account that exhibits suspicious activity, including cheating or fraudulent behavior. Disqualification will occur without prior notice to the account holder.

About Swan Chain

Swan Chain, initiated in 2021, is a full toolset AI blockchain infrastructure accelerating AI adoption. Utilizing OP Stack’s Ethereum Layer 2 technology, it pioneers in merging Web3 with AI by providing comprehensive solutions across storage, computing, bandwidth, and payments. By tapping into underutilized computing power across a network of community data centers, its integration facilitates a significant reduction in computing costs by up to 70% while enabling the monetization of dormant computing assets. Through innovative marketplaces for decentralized storage, AI, and Zero-Knowledge proofs, alongside the efficiency of LagrangeDAO for AI model deployment, SwanChain makes AI development seamless and affordable.

Traction

• 10M user addresses and 1M daily transactions on the Saturn Testnet as of Q1 2024.
• A vibrant community exceeding 100K Discord members.
• Network expansion to 2,000+ computing providers across 100 global cities.
• Over 50K deployments of AI model containers.

Investors

Binance Labs, Protocol Labs, Waterdrip Capital, Chainlink Labs, Outlier Ventures, SNZ Holdings and more.

Partners

Nvidia, Google Web3 Startup Program, Microsoft Startup Program, Chainlink BUILD, Filecoin Orbit.

Website: https://www.swanchain.io
Twitter: https://twitter.com/swan_chain
Telegram: https://t.me/swan_chain/
Discord: https://discord.gg/swanchain
LinkedIn: https://www.linkedin.com/company/swancloud