Swan Chain July 2024 Monthly Report

Swan Chain - Building A Full Toolset AI Blockchain

6 min readAug 8, 2024

Community Progress

Mainnet Launch

On July 2, 2024, following the successful conclusion of the “Planet” testnet series (which included the Lagrange Mars, Swan Jupiter, Swan Saturn Testnet, and Swan Proxima Testnet), Swan Chain proudly launched its mainnet. This event marked a significant milestone in Swan Chain’s journey, paving the way for the Token Generation Event (TGE) and establishing Swan Chain’s position on the global blockchain map.

Swan Chain rolled out the mainnet incentivized campaign to encourage active participation from the community. The campaign began on July 2 at 23:00 EST, with no cap on potential earnings.

For more details on the mainnet launch, visit: Mainnet Announcement

Swan Provider Program

Building on the momentum of the mainnet launch, Swan Chain introduced its Swan Provider program in phases throughout July. This program, backed by an impressive 800,000 SWAN token reward pool, aimed to incentivize network participation and distribute computational resources effectively.

To facilitate smooth onboarding, Swan Chain provided comprehensive tutorials and guidelines for each provider type:

For more information on the Swan Provider Program, visit: Swan Provider Campaign

Swan Chain Mission

On July 16, Swan Chain launched the Swan Chain Mission, an innovative community engagement initiative designed to reward active community members with SWAN tokens. This mission offers various activities for participants to earn points, including:

Completing social media tasks
Inviting friends to join the community
Participating in the Daily Combo game

For more information on the Swan Chain Mission, visit: Swan Chain Mission

Galxe Campaigns

To maintain engagement and excitement throughout the month, Swan Chain ran weekly campaigns on Galxe. These campaigns offered diverse challenges and rewards, keeping the community active and involved.

At the end of July, Swan Chain announced the Week 3 Meme Contest, inviting participants to create Swan Chain memes with blue as the main color. The contest offered both USDC prizes and points for the Galxe Mainnet airdrop: Week 3 Meme Contest

Special Campaigns

XSHARES Partnership Airdrop: Swan Chain announced a special collaboration with XSHARES, offering an exclusive opportunity to earn additional SWAN tokens. This included an exclusive 800,000 SWAN token airdrop in collaboration with XSHARES: XSHARES Partnership Airdrop

Community Growth and Engagement

Milestone Achievements: Swan Chain celebrated significant community growth milestones in July:

These numbers reflect the growing interest and engagement in the Swan Chain ecosystem.

AMA Session: Swan Chain hosted an Ask Me Anything (AMA) session to celebrate the mainnet launch. Participants had the chance to win a share of $200 in SWAN tokens by submitting questions: AMA Session

Partnerships and Integrations

Swan Chain continued to expand its ecosystem through strategic partnerships and integrations:

Comet Protocol Integration: Enhanced bridge functionality for users, offering bridge aggregation for best price checks across networks: Comet Protocol

WatchX Partnership: Aims to deploy advanced AI applications on Swan Chain, focusing on enhancing AI technology in the Web3 space, particularly in health management.

Gate Web3 Wallet Integration: Integrated Gate Web3 Wallet into the Swan Chain ecosystem, launching an airdrop campaign in collaboration with GateWeb3.

Kaisar Network Collaboration: Partnership focuses on revolutionizing decentralized computing and AI by aggregating spare GPU resources at reduced costs.

FILLiquid Integration: Brings algorithm-based lending solutions to Swan Chain’s ecosystem, enhancing decentralized finance offerings within the network.

SuperBridge Integration: Enables users to bridge ETH to Swan Chain, complementing Swan Chain’s native bridge functionality: SuperBridge

Ecosystem Development

H2 2024 Roadmap Release: Swan Chain unveiled its ambitious roadmap for the second half of 2024, focusing on AI tools development, decentralized storage solutions, and building a thriving developer community.

For more details, visit: H2 2024 Roadmap

Awards and Recognition

ZekoBoost Developer Contest: Swan Chain was crowned the AI winner of the ZekoBoost Developer Contest by Zeko Labs, a leading zero-knowledge scaling protocol. This recognition highlights Swan Chain’s achievements in:

For more details, visit: ZekoBoost Developer Contest

Events and Presentations

FIL Dev Summit Sponsorship: Swan Chain sponsored the FIL Dev Summit in Brussels, demonstrating its commitment to the Filecoin network’s evolution. Key highlights include:

Presentation by Charles Cao, Swan Chain’s founder, on “Decentralized Business Intelligence with Swan Chain’s AI Agent”
Participation in a panel discussion on DePIN Compute and Storage alongside industry leaders

For more details, visit: FIL Dev Summit

Product Progress

Orchestrator

Overhauled the collateral mechanism. Contracts no longer handle stake holding or releasing; calculations are now performed locally, significantly reducing gas consumption.
Upgraded task status management by optimizing criteria for task running, completion, and termination, enhancing the accuracy of Task states.
Improved client payment process by separating payment and renewal processes, effectively lowering gas fees for client payments and decoupling task deployment and renewal payment workflows.
Adjusted CP reward distribution, implementing a more equitable method to ensure equal rewards for CPs consuming resources.

Swan Provider

Added real-time display of available GPU resources across the network, enhancing resource visualization. Implemented real-time monitoring of current CP operational status.
Integrated real-time contribution score display in the dashboard of ECP, providing intuitive ECP performance metrics.
Optimized GPU list sorting based on comprehensive GPU performance.

Computing Provider

Enhanced the resource acquisition mechanism of resource-exporter and unified version for both ECP and FCP.
Introduced an account verification mechanism to mitigate issues where proofs cannot be submitted due to insufficient resources or account balances, thereby reducing penalties in ECP.
Modified the mechanisms for retrieving FCP rewards and task statuses to fetch data directly from the blockchain, eliminating dependency on the Orchestrator API.
Added new features for sequencer accounts, including account recharge and withdrawal functionalities.
Upgraded the UBI image to version 3.0 to reduce sporadic data download failures caused by network issues.
Introduced a mechanism for ECP to withdraw funds from escrow accounts, ensuring thorough settlement through a two-step confirmation process.
Implemented a feature to ensure timely updates of task statuses and rewards for ECP tasks.

Lagrange

Launched the new website integrated with Swan Chain mainnet: https://lagrange.computer
Supported different payment methods for space deployment and renewal to save gas fees and reduce user costs.
Adjusted the CP display logic on the space page to ensure users always see available app pages.
Added renewal payment records to the payment history.

ZK Engine

Launched V3 ECP collateral mechanism for mainnet incentive campaign.
ZK sequencer service is now online as an L3 computing solution, significantly reducing ECP gas consumption.
Optimized batch operations in ECP collateral contracts to reduce gas consumption.
Implemented communication between the ZK sequencer and ECP with signature verification to ensure ECP authenticity.
Added gas control mechanism on the ZK engine to save gas costs.

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 150K 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