Swan Chain December Monthly Report
December 2024 marked an exciting and pivotal month for Swan Chain, as we reached several major milestones in token launches, ecosystem growth, and community engagement.
Community Progress
Token Listings & Trading
On December 16, 2024, the $SWAN token made its debut on major exchanges, marking a significant milestone in the project’s history. It is now available for trading on Gate.io, MEXC, and LBank, increasing liquidity and market access.
Airdrop Events:
- Gate.io Listing Carnival: $22,000 in $SWAN rewards.
- LBank Airdrop: 200,000 $SWAN to be shared.
- Gate.io Newcomer Rewards: $10,000 for deposits and trading, $2,000 for exclusive newcomers.
- Gate.io Startup Mining: Users can earn hourly rewards by staking $SWAN and $USDT.
$SWAN Token Claim and Swap (SWANU to SWAN)
Swan Chain launched a Token Claim Page for past event winners to claim their $SWAN tokens. Additionally, a Swap Portal is now available for SWANU holders to exchange their $SWANU rewards for the native $SWAN token at a 1:1 ratio.
Key Highlights:
- Swap Rate: 1:1 (SWANU to SWAN).
- Duration: Available for 30 days.
- Claim Page: Claim Your SWAN
- Swap Portal: Token Swap Portal
Swan Airdrop Stats Report
Swan Chain released a detailed airdrop stats report, providing full transparency regarding the distribution of $SWAN tokens. This report includes token allocation, anti-sybil measures, and a breakdown of participation metrics.
Check the Full Airdrop Report here.
Swan Chain Ecosystem Updates
Swan Chain made significant progress in scaling its AI blockchain ecosystem. With over 2,500 global computing nodes and $10M in ecosystem revenue, Swan Chain has firmly established itself as a key player in decentralized AI infrastructure.
Key Highlights:
- Global Nodes: 2,500+ computing nodes worldwide.
- Ecosystem Revenue: $10M generated via AI-powered computing.
- 90% Reduction in Gas Costs: Significantly lowering transaction fees.
- 500K OP Grant: Received from Optimism to expand the AI ecosystem.
- Ranking: #35 on L2BEATS, with a 30-rank improvement since the mainnet launch.
Key Partnerships & Integrations
Swan Chain made notable strides in expanding its partnerships across AI, Web3, and decentralized computing in 2024. In December, new partners joined the ecosystem, including:
- Parasail: A leading staking solution provider for AI and DePIN, with over $100M in TVL, integrated with over 20 DePIN projects, blockchains, and DeFi protocols.
- Nebula Block: A Montreal-based leader in cloud computing and blockchain infrastructure.
- ExVul: A cybersecurity platform specializing in vulnerability assessments and exploitation simulations.
- OOOO: Seamlessly bridges ETH between SWAN and 20+ other chains via its advanced communication protocol.
Swan Mission: Celestial Bloom
The Swan Mission remains a key initiative for engaging our community through daily check-ins and reward-based activities. However, as of December 26, 2024, the Swan Mission has been temporarily paused for necessary upgrades. We anticipate resuming the mission by the end of January 2025. We are committed to keeping the community updated with regular progress reports during this period. Stay tuned for more exciting updates!
Product Progress
Computing Provider
- Version 1.0.0 Released: Supports CP operations post-SWAN TGE.
- FCP Update: Introduced two-stage withdrawal staking, aligning with the ECP mechanism.
- ECP Enhancements: Added support for deploying AI inference services.
- Task Reception Optimization: Improved CP task reception mechanisms, reducing response times significantly.
- New UBI-0 CMD: Enables CPs to operate SwanU accounts after v1.0.0 release.
- RPC Access Optimization: Streamlined RPC access to reduce load on the system while maintaining local state integrity.
Swan
- Airdrop Pages: Backend and contract support for airdrop-related features.
- Swap Interface: Released the SwanU -> SWAN token swap interface.
- Version 1.0.0 Support: Optimized for SWAN TGE.
- Swan Sampling System: Adjusted and optimized for better performance.
- CP Base Collateral Support: Ensured correct collateral values and contract addresses.
- SwanU Deprecation: Discontinued support for SwanU and resolved issues with controversial airdrops.
- UBI Adjustments: Ensured proper UBI distribution and integration.
Swan Provider Dashboard
- CP Data Queries: Post-TGE, added support for CP data queries, including balances, staking, and escrow accounts.
- New Pages: Overview and CP list pages showing global CU (Computing Unit) and total staked amounts.
- CP Profile Updates: Displayed CU stats and daily UBI task counts with success rates.
- Calculator Page: Allows users to estimate UBI earnings based on GPU type and network conditions.
Lagrange
- SWAN Payment Integration: Allows users to pay with SWAN for deploying various applications.
- Dynamic Pricing Model: Adjusts pricing based on instance type for more accurate costs.
- Multi-GPU Instances: Added support for multi-GPU instances for users to deploy applications directly with multiple GPUs.
Swan Console
- SWAN Payment Integration: Enables users to deploy applications and mine using SWAN.
- New Features: Users can now deploy inference services to ECP and select multi-GPU configurations for application deployment.
ZK Engine & ZK Sequencer
- New Contracts: Supports TGE CP staking and ZK tasks.
- Full Staking Check: ECP must be fully staked to receive ZK tasks and UBI.
- Dynamic Gas Pricing: Task gas consumption is now linked to ETH gas prices.
- Data Sync Improvements: Enhanced data synchronization between ZK-sequencer and CP for smooth UBI task status updates.
UBI Service
- UBI Distribution Contracts: Updated contracts to distribute UBI to all CPs after the TGE.
- Full Staking Requirement: CPs must be fully staked to receive UBI, ensuring stable service.
- Resource Utilization Stats: Added real-time statistics for CP resource usage and effective CU values.
Follow Us for the latest updates via our official channels:
- Website: SwanChain.io
- Twitter: @Swan_Chain
- Telegram: Swan Telegram
- Discord: Join the Community
Let’s build the future of decentralized computing together!
