Swan Chain October 2024 Monthly Report
October has been an extraordinary month for Swan Chain, marked by groundbreaking achievements, exciting new programs, and meaningful partnerships. Let’s dive into the highlights and explore the opportunities ahead!
Network Growth & Community Expansion
We’re thrilled to share that Swan Chain has reached unprecedented heights in network activity and community growth.
Want to be part of this growing ecosystem? Join our on-chain mission at mission.swanchain.io and start earning points for the upcoming SWAN airdrop!
Launching UBI-0: A New Era of Rewards
We’re excited to introduce our groundbreaking UBI-0 Program, running from October 29th to November 29th, 2024. Here’s what makes it special:
- A generous 1,200,000 SWAN reward pool
- Dual income streams through UBI and Paid Job Compensation
- Reduced collateral requirements to just 1/10th during the initial phase
- Open to both ECP and FCP nodes
Ready to start earning? Here’s how to get involved:
- Request your SWANU tokens through our official application form
- Upgrade to v0.7.0
- Learn more about the program in our comprehensive guide
On-chain Mission: Extended Opportunity
Good news for our community members! We’ve extended the On-chain Mission deadline to November 7th, 2024. This extension comes in response to your feedback and ensures everyone has ample time to complete their tasks.
Haven’t started your mission yet? There’s still time! Visit mission.swanchain.io to begin your journey and secure your position for the upcoming airdrop.
Growing Stronger: Strategic Partnerships
October has been a month of powerful alliances that strengthen our ecosystem:
Lumoz Partnership: We’ve joined forces with Lumoz to enhance our ZKP services and AI technologies. Their expertise in ZK computing optimization brings new possibilities to our network. → Read the full announcement here.
Autonomys Network: This collaboration introduces hyper-scalable, decentralized AI infrastructure to Swan Chain, laying the foundation for AI3.0. → Learn more about the partnership here.
Cuckoo Network: Together with Cuckoo, we’re bringing unique character-based LLMs to life using Swan Chain’s GPU resources. → Explore the collaboration
Community Engagement & Events
Our commitment to community engagement reached new heights with several key events:
Swan Dive AMA Series Launch: Our first episode unveiled Swan Chain’s vision and roadmap, featuring exclusive insights about our upcoming airdrop. Miss the live session? Stay tuned for our next episode!
Industry Collaborations: We participated in thought-provoking discussions at Cluster Protocol’s DeData MegaXspace and InitVerse’s AMA, sharing insights on Q4 2024 market navigation.
Swan Provider Campaign: We successfully concluded our provider campaign, celebrating numerous winners across our community. → Check the winner list
What’s Next?
The momentum continues! Here’s what you can do right now:
- Join UBI-0: Don’t miss out on the early participant benefits. Get started at Swan Chain docs
- Complete On-chain Mission: Time is ticking! Complete your tasks before November 7th at mission.swanchain.io
- Stay Connected: Follow us on Twitter for the latest updates and join our Discord to become part of our vibrant community.
Product Progress
Swan System Health Check
- Added system health check functionality through SDK, implementing heartbeat ping detection at system function level
SDK Development
- Integrated MCS into SDK (Alpha testing phase)
- Optimized order submission interface
- Enhanced documentation with additional examples
Sampling System
- Workflow Optimization: Removed CP whitelist/blacklist verification process
- Enhanced System Configurability: Added task duration setting support, improved resource utilization handling, implemented crontab functionality and extended logging capabilities
- Task Management Improvements: Reduced polling time for failed tasks, implemented early exit mechanism and enhanced task creation status tracking
Auction Engine
- Enhanced reputation score mechanism to increase order probability for high-scoring CPs
- Updated collateral verification logic: switched from task quantity correlation to device binding
Request Refund System
- Implemented refund request functionality for unsatisfactory CP work
- Upgraded to asynchronous processing
- Established anomaly monitoring system
- Fixed reputation score anomalies caused by refunds
- Implemented negative score prevention mechanisms
Collateral System
- Implemented device-binding mechanism for collateral
- Integrated Depin Oracle to set minimum collateral requirements per GPU
- Established CP-specific collateral management
- Added SwanU collateral support
Computing Provider (CP)
- Upgraded resource-exporter plugin to collect unique GPU identifiers
- Added ECP support for mining service deployment via Swan console
- Implemented CP self-pricing and custom order acceptance modes (limit pricing, smart pricing)
- Added IP whitelist functionality for restricted application access
Swan Provider Dashboard
- Added SWANU staking/recharge support for FCP/ECP
- Enhanced CP profile page with UBI-0 related data, including UBI earnings display, application reward tracking and transaction list
- Added UBIReward and BurnUBIReward event displays
- Implemented real-time UBI-0 leaderboard for CP earnings and rankings
Lagrange
- Implemented SWANU payment for space deployment/renewal
- Re-priced all hardware based on Depin Oracle
- Developed UBI distribution mechanism with periodic settlements
- Implemented network-wide effective stake and resource verification
- Established daily CP UBI qualification review and distribution
ZK Engine/Sequencer
- Migrated UBI reward distribution to UBI-server
- Reduced sequencer single task gas fee by 95%
UBI Server
- Added network-wide CP resource statistics with dynamic updates
- Implemented comprehensive UBI task data aggregation and success rate calculation
- Developed Depin Oracle functionality:
- Dynamic GPU rental price tracking
- Earning multiplier adjustments
- Dynamic base collateral adjustments based on network computing units
Swan Console
- Added Account page for contract account deposits
- Implemented mining service deployment to ECP (testnet)
- Added marketplace application deployment to FCP
- Implemented request refund feature with fund recovery after approval
EDGE
- Implemented network-wide ECP resource information collection
- Added client application deployment support for ECP (testnet)
- Established periodic task settlement system:
- User account billing
- ECP beneficiary account payments
- Implemented periodic task and payment packaging to MCS with CID recording in task register contract
Additional Features
- AirDrop Support: Completed backend infrastructure, implemented data preprocessing and analysis and developed multiple support APIs
- CP UBI Support: Introduced SWANU Token and completed backend and SDK SwanU integration
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 200K 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
