Swan Chain August 2024 Monthly Report

Swan Chain - Building A Full Toolset AI Blockchain

7 min readSep 4, 2024

Community Progress

1. Swan Provider Campaign: Key Updates

Throughout August, we introduced major enhancements to the Swan Provider Campaign, designed to improve the participation experience and fuel the expansion of our decentralized computing network.

Campaign Extension: The Swan Provider Campaign was extended until September 29, 2024, providing additional time for both new and existing participants to maximize their contributions and rewards.
Increased Prize Pool: To encourage broader participation, an additional 200,000 SWAN tokens were added to the prize pool, raising the total rewards for the ECP and FCP campaigns to 420,000 SWAN and 500,000 SWAN, respectively.
CP Subsidy Introduction: To reduce barriers for new Computing Providers (CPs), we launched a subsidy program, offering up to 0.001 ETH to cover initialization costs for the first 1,000 eligible CPs.
New Dashboard Launch: A state-of-the-art dashboard(https://provider.swanchain.io/overview) was introduced, offering real-time insights, network overviews, detailed CP profiles, and leaderboards, enhancing user experience and network transparency.
Reputation System Upgrade: A significant upgrade to our reputation system was initiated, temporarily impacting Fog Computing Provider (FCP) scores and task distribution.

Read the full announcement here:

2. Special Giveaways

Collaborated with DappRadar, OKX Wallet, and GALXE for a series of giveaways, offering millions of airdrop points and exclusive rewards to participants, further expanding our community and incentivizing active involvement.

Join the Swan Chain Mission Giveaway with DappRadar here.
Join the Swan Chain Mission Giveaway with OKX Wallet here.

3. Strategic Partnerships & Integrations

August saw the expansion of Swan Chain’s ecosystem through strategic partnerships and integrations, further solidifying our position in the decentralized computing and AI sectors.

Kaisar Network: Partnered with Kaisar Network, a DePIN protocol, to aggregate GPU resources, reduce computing costs, and foster AI innovation.
IceCreamSwap: Joined forces with IceCreamSwap to enhance decentralized trading opportunities on Swan Chain via their AI-powered DEX aggregator.
GT Protocol: Collaborated with GT Protocol to integrate their AI layer for Web3, aiming to onboard 100M users with seamless access to CeFi, DeFi, and NFT markets.
DeAgentAI: Integrated with DeAgentAI to enhance decentralized AI capabilities through their AI agent neural network.
MemeBridge: Enabled seamless ETH to Swan Chain bridging via MemeBridge, making it easier for users to engage with our Layer 2 network.
MyCoralApp: CoralApp has officially integrated with the Swan Chain ecosystem, empowering users to explore and thrive in the Web3 ecosystem through our network.

4. Community Engagement & Events

Our community engagement efforts in August were robust, with various campaigns, contests, and AMA sessions driving active participation and awareness.

Atom Accelerator Race: The winners of the Atom Accelerator Race were announced, celebrating the contributions of our computing providers and innovative builders who have propelled Swan Chain’s ecosystem forward. Check the winner list here.

Discord Referral Contest: We launched Phase 1 of the Swan Chain Discord Referral Contest, incentivizing community members to invite friends and expand our mission airdrop prize pool through a structured points system.

Swan Chain Special Credit Program: Unveiled groundbreaking programs to support developers, startups, and AI innovators, enabling them to leverage Swan Chain’s infrastructure for their Web3 projects. Apply here.

AMA Sessions & MegaSpaces: We actively participated in several AMA sessions and MegaSpaces, engaging in pivotal discussions on the development of decentralized AI ecosystems and our efforts to accelerate AI adoption through blockchain technology.

How Swan Chain and Filecoin are Shaping Decentralized Storage and Computing: Watch here
Building a Decentralized AI Ecosystem: From Consensus to Execution: Watch here
DeAI Alliance MegaSpace #2: Inside DeAI Infra, featuring top minds in Web3: Watch here

5. Awards & Recognition

Swan Chain’s efforts in pushing the boundaries of decentralized computing did not go unnoticed.

DePIN Mass Adoption Sponsorship: Swan Chain was honored as a Gold Sponsor of the DePIN Mass Adoption event, highlighting our commitment to advancing decentralized physical infrastructure.

L2BEAT Feature: Swan Chain was featured on L2BEAT, an open-source analytics platform dedicated to Layer 2 scaling solutions. This recognition underscores our progress in scaling AI and blockchain technologies.

6. Content & Education

We continued our mission to educate and inform the community about our innovations and initiatives.

Layer 3 Computing Protocol Article: Published an in-depth article on the Layer 3 Computing Protocol (L3CP), detailing its role in revolutionizing AI on blockchain by addressing scalability, cost, and security challenges. Read the full article here.

Weekly Quiz: Launched a weekly quiz focused on the Swan Chain’s features and products, engaging the community in a fun and educational activity that also offered rewards for top performers.

Product Progress

Orchestrator

FCP Mechanism: Enhanced collateral/release mechanism reduces on-chain operations, cuts gas costs, and boosts task allocation efficiency.
Dashboard Improvements: CPs can now view a complete reward list.
Reputation System: Redesigned for better accuracy in assessing FCP reliability, improving task distribution and user deployment experience.

SWAN SDK

Python SDK: Streamlined operations for improved developer experience.
Go SDK: Launched Beta version, enabling task deployment monitoring.

SWAN Console

Beta Release: Developers can monitor all tasks deployed via SDK, with more features coming soon.

SWAN Provider Dashboard:

Dashboard Launch: Launched the new SWAN Provider Dashboard, offering a comprehensive view of global CP metrics, Swan Chain data, and resource utilization trends.
Profile Access: CPs can access detailed personal profiles, global performance rankings, earnings analytics, account operation incentives, and historical income data.
Collateral Integration: Integrated ECP and FCP collateral and top-up functionalities directly within the dashboard interface.
Real-time Rankings: Implemented real-time leaderboard rankings for CPs during Swan mainnet events.

Computing Provider

Resource Exporter Upgrade: Enhanced the resource-exporter plugin to reduce issues with intermittent GPU resource collection by some CPs.
FCP Compatibility: Improved compatibility for FCPs using Dockerfile for building and deploying Kubernetes clusters based on Docker and Containerd, enhancing adaptability across different CP environments.
Task Efficiency: Implemented jobUUID as a unique identifier for tasks, improving FCP resource utilization and supporting the deployment of multiple application replicas by a single CP.
Resource Release Optimization: Refined the logic for releasing CP resources, reducing idle resource occupation, enhancing resource utilization, and increasing CP earning time.
Application Deployment: Optimized the request parameters and format requirements for CPs to better support application deployment through the Swan SDK.
DCC Order Support: Enhanced support for DCC order deployments, ensuring better security for user data and applications.

Lagrange

Space Duration: Removed the space duration limit, allowing users to deploy spaces for over 14 days, reducing the need for frequent renewals.
Payment Flow Optimization: Improved the payment process during space deployment and renewal, with the system automatically checking if the current allowance balance is sufficient and skipping the approval process when possible, reducing gas consumption.
Hardware Availability Display: Added real-time display of available hardware in the Lagrange hardware list.
Payment Validation: Introduced automatic calculations of the required payment during space deployment, ensuring that users have sufficient balance to complete the process.

ZK Engine & ZK Sequencer

Enhanced Trust Mechanism: Enabled CPs to use worker address and block number for signature verification, strengthening the trust mechanism between CPs and the ZK engine.
Reward Distribution Optimization: Refined the CP reward distribution mechanism to reduce overall gas consumption across the network.

About Swan Chain

SwanChain, initiated in 2021, is a full toolset AI blockchain infrastructure accelerating AI adoption. Utilizing OP superchain 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 Lagrange for AI model deployment, SwanChain makes AI development seamless and affordable.

Our project is backed by top-tier investors in Web3 including Binance Labs, Protocol Labs, Chainlink Labs, etc., alongside joining forces with Nvidia, Google Web3 Startup Program, Microsoft Startup Program, Chainlink BUILD, and Filecoin Orbit.

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.

Stay connected with us:

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