Swan Chain November 2024 Monthly Report
Swan Chain propelled its decentralized AI and computing infrastructure forward in November 2024, marking a pivotal month of strategic expansion, technological innovation, and robust community engagement.
Community Progress
1. Celestial Bloom Campaign: Ecosystem Expansion
Swan Chain launched the Celestial Bloom campaign, a transformative initiative designed to invigorate community participation and drive platform growth. The campaign offers an enticing reward pool of 1M SWAN tokens and 150K OP tokens, presenting a compelling opportunity for community members to deeply engage with the platform.
Key Resources:
2. UBI-0 Plus: Revolutionizing Computing Provider Compensation
The UBI-0 Plus program introduced a sophisticated rewards mechanism that fundamentally transforms how Computing Providers are compensated. By directly linking earnings to collateral commitment and task success rates, Swan Chain has created a more transparent and performance-driven ecosystem.
Program Highlights:
- Airdropped SWANU now covers up to 1/10 of collateral requirements
- Rewards dynamically scale with provider commitment
- Maximum rewards achievable with 100% collateral
3. Swan Console: Mining Infrastructure Breakthrough
Swan Chain dramatically expanded its mining capabilities, transforming the Swan Console into a comprehensive and flexible cryptocurrency mining platform. The update introduces unprecedented flexibility and support for diverse mining strategies.
New Mining Marketplace Features:
- Support for 10+ mining pools (F2Pool, Binance Mining Pool, AntPool)
- Custom mining pool integration with Docker support
- Enterprise-grade infrastructure for seamless deployment
Explore Now: Swan Console Marketplace
4. Provider Leaderboard: Performance Transparency
Launched on November 29, 2024, the Provider Leaderboard offers computing providers real-time insights into their network contributions and earnings. This feature fosters healthy competition and helps providers optimize their performance.
Key Features:
- Real-time tracking of UBI rewards and paid job income
- Comprehensive performance metrics
- Transparent ranking system
5. Strategic Partnerships
Ontology Network: Decentralized Identity Innovation
A strategic collaboration aimed at advancing decentralized identity solutions, supporting the creation of secure, user-centric applications through the Ontology DID Fund.
6. Community Engagement Highlights
An collaborative exploration of the OP Superchain’s potential, discussing blockchain scalability and innovation with industry experts.
An interactive session providing the community direct access to Swan Chain’s founder, offering insights into the platform’s vision and milestones.
Product Progress
Marketing Support
- Completed Mission 2, Stage 1, and introduced Stage 2 for users to earn additional XP.
- Began TGE preparations, including eligibility checks for airdrop winners.
Orchestrator
- Added SSH support for SDK instances.
- Introduced multiple GPU deployments and dynamic resource pricing for better cost efficiency.
- Enhanced CP whitelisting checks and resource management APIs.
Sampling
- Introduced mining missions for data testing.
- Optimized sample judging criteria for fairness.
- Added benchmark tasks to ensure balanced evaluations.
Lagrange
- Users can now deploy instances with multiple GPUs.
- Adjusted GPU resource pricing for market fairness.
Swan Console
- Added multi-GPU deployment and dynamic resource pricing.
- New Mining application category for deploying mining services on ECP.
- Introduced an Account page for payment history and balance tracking.
- Improved task matching to increase mining task deployment success rates.
Computing Provider (CP)
- Support for custom resource applications.
- YAML-based application deployment and specific GPU selection to reduce failure rates.
- Added mining task data to ECP’s UBI list.
ZK Engine
- Mining tasks now serve as validation tasks to ensure GPU functionality.
- Enhanced ECP staking and slashing mechanisms for operational stability.
- UBI functionality migrated to the UBI Service.
UBI Service
- Deployed Depin Oracle for automated GPU price tracking.
- Consolidated CP data, task performance, and staking records for efficient UBI distribution.
- Automated UBI issuance to eligible VCPs, with unallocated funds automatically burned.
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.
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
