Swan Chain September 2024 Monthly Report

Community Progress

Optimism Grant Receipt

Swan Chain received 500,000 OP tokens from Optimism Governance in Cycle 27 Grants.

The grant will fund:

• Boosting Superchain’s TVL to $6M through DeFi integrations
• Accelerating AI infrastructure development
• Enhancing developer tools and driving innovation
• Supporting education and hackathons for new developers
• Ensuring security with subsidized audits

This grant strengthens Swan Chain’s position in the Ethereum scaling ecosystem and supports its development goals.

Read more here: https://x.com/swan_chain/status/1838149160102494547

On-Chain Mission Launch

September saw the launch of Swan Chain’s On-Chain Mission, the final phase before the TGE and network decentralization. This mission introduced Onchain XP, a crucial metric directly impacting users’ $SWAN token rewards. Participants can earn Onchain XP through multiple tasks:

• Maintaining wallet balance (holding ETH)
• Completing Computing Provider tasks
• Additional tasks to be announced, keeping the mission dynamic

Don’t miss out on this last opportunity before TGE! Start your On-Chain Mission now at mission.swanchain.io.

Special Events

FILLiquid Zealy Sprint: Swan Chain partnered with FILLiquid for an exciting ZEALY Sprint, offering participants a chance to win a share of 10,000 $FIG tokens. The sprint runs from September 9th to October 8th, encouraging community engagement through various tasks.

Nebula Block Integration: Nebula Block now supports Swan Credit Token (SwanC) payments, offering a $50 bonus for new users who register and link their credit card. This integration expands payment options for cloud services tailored to blockchain, AI, and CPU needs.

DeAgentAI Campaign: Swan Chain joined forces with DeAgentAI and other projects for the GUESS2049 campaign. Participants can predict, engage, and win big, with rewards including 30,000 Social Points and a 10% Point Boost from Swan Chain.

Strategic Partnerships and Integrations

September marked significant ecosystem expansion with several key partnerships:

1. BunnyFi: Integrated for seamless ETH bridging to Swan Chain, enhancing cross-chain asset transfers and improving network liquidity.
2. Rivalz: Collaboration on AI Intel Layer development, leveraging Swan Chain’s decentralized computing power to optimize Rivalz’s DePIN dual-chain infrastructure.
3. IceCreamSwap: Became the first Decentralized Exchange (DEX) on the Swan Chain network, opening up new possibilities for token swapping and liquidity provision.
4. Equito: Partnership for cross-chain messaging capabilities, enabling seamless communication across diverse blockchain networks and enhancing dApp functionality.
5. RunesChain: Collaboration on Bitcoin L2 scaling for Runes trading, expanding Swan Chain’s reach into Bitcoin-based assets and L2 solutions.
6. Spheron: Partnership for decentralized AI infrastructure, advancing the development of permissionless compute capacity marketplaces.
7. Metopia: Integration of onchain reputation protocol, providing Swan Chain users with verified credentials to capture their onchain contributions and incentives.
8. REVOX: Collaboration on modular on-chain AI network, combining REVOX’s innovative dApp ecosystem with Swan Chain’s advanced AI blockchain infrastructure.
9. Thravos: Partnership to revolutionize fitness and sports by blending traditional elements with hyper-social challenges and professional athletes, utilizing technologies like RWA, AI, DePIN, and gaming tech.
10. Theoriq AI: Swan Chain welcomed Theoriq AI, the first decentralized protocol for governing and building multi-agent systems by integrating AI with blockchain technology. This collaboration aims to drive the future of AI and Web3.

These partnerships significantly enhance Swan Chain’s capabilities in DeFi, AI, cross-chain solutions, and decentralized infrastructure, positioning the network at the forefront of blockchain and AI innovation.

Token2049 Participation

Swan Chain made a significant impact at Token2049:

• CEO delivered a keynote on “Decentralized Business Intelligence with Swan Chain’s AI Degent”
• Participated in a panel discussion on “Opportunities and Challenges for DePIN Mass Adoption”
• Founder Charles Cao spoke at a side event on DePIN Mass Adoption

These engagements showcased Swan Chain’s vision and positioned it as a thought leader in DePIN and AI blockchain spaces.

Educational Content

Swan Chain released two important guides:

• Claiming Computing Provider Accounts
• Reducing Gas Fees on Swan Chain Mainnet

These guides aim to empower users and optimize their participation in the ecosystem.

Product Progress

SwanChain

• Significantly reduced Gas fees through optimization.

Orchestrator

• Added task_uuid support to contract request signature API, fixed early termination bugs, and initiated airdrop functionality testing.
• Launched CP reward API and task list API, introduced price list and Prometheus reputation metrics.
• Upgraded Swan Core, resolved SSL issues, optimized URI generation and related APIs.
• Added refund verification API, supporting queries for deducted transaction details.
• Optimized contract ABI and API responses, and fixed bugs in the codebase.
• Added refund request API, optimized refund processing flow, and incorporated handling logic for failed refunds.
• Orchestrator Celery: Asynchronously processing MCS task source URIs, monitoring refund and payment statuses, improving collateral release and CP reward mechanisms.
• Auction Engine: Upgraded Swan Core to support new contract ABI, optimized transaction receipt polling frequency, reduced transaction Gas costs.
• Reputation System: Introduced Sampler, Distributer, and Scanners modules, and optimized task distribution mechanism based on Gas fees.

On-Chain Mission

• Deployed new XP API and leaderboard functionality.
• Introduced Community Boost, daily check-in, and daily Mint features to increase user engagement.
• Faucet: Adjusted Galxe API to support wallet addresses and credential types. Currently discontinued; users can apply for allocations through Free Tier and Special Credit Programs.
• Added support for GALXE_CRED_ID logic for Marketing Missions.

ZK Engine

• Added L1 gas price monitoring, optimized on-chain data mechanism, reducing zk engine gas consumption by 90%.
• Improved ECP status detection and task sending mechanism, reducing ECP task reception anomalies caused by RPC issues.
• Optimized task aggregation on-chain mechanism, reducing engine gas consumption.

Computing Provider

• Enabled FCP to price free computing resources, added related operation commands.
• Supported nodePort services, allowing users to deploy and access resources on CP via SSH.
• Enabled FCP to set network policies via commands, enhancing security for user instances.

Swan Provider Dashboard:

• Introduced Claim CP account mechanism, allowing CPs to display their email, official website, TG, X, and other information on the page.
• Improved CP status update mechanism for more timely display of CP status.
• Upgraded FCP reward contract, compatible with Orchestrator’s various reward distribution mechanisms.
• Added support for Swan Chain testnet (Proxima) data (https://provider-testnet.swanchain.io).

Swan Console

• Launched Beta version, allowing developers to manage their deployed Applications.
• Added instance list feature, organizing and displaying instance process status.
• Introduced Marketplace functionality, enabling users to directly deploy applications.
• Added API-keys page, supporting developers to generate their own API keys.
• Introduced providers list, facilitating developers to view and retrieve network-wide CP information.

Swan SDK

• Released go-swan-sdk v0.1.0, enabling developers to deploy their applications on Swan Chain, fully utilizing its computing resources (https://docs.swanchain.io/bulders/tools/swan-sdk/go-swan-sdk).
• Structurally adjusted python-swan-sdk, simplifying developer operations and usage steps.
• Released go-swan-sdk-examples, providing developers with various reference use cases (https://github.com/swanchain/go-swan-sdk-samples).
• Released python-swan-sdk-examples, providing developers with various reference use cases (https://github.com/swanchain/python-sdk-docs-samples).

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