Transparency in Swan Chain’s Token Allocation for Mission 1 and Mission 2
At Swan Chain, we value transparency and fairness when distributing rewards to our community. To ensure clarity, this article outlines the allocation process for the SWAN tokens designated for Mission 1 and Mission 2 as part of our incentive campaigns.
Overview of Token Allocation
A total of 1,500,000 SWAN tokens were allocated for Mission 1 and Mission 2:
- Mission 1: 500,000 SWAN tokens
- Mission 2: 1,000,000 SWAN tokens
Each mission has specific eligibility criteria and reward structures designed to recognize and incentivize active participation in our ecosystem.
Mission 1: July — September
Total Allocation: 500,000 SWAN tokens
Snapshot: August 31, 2024
Eligibility:
To ensure the impact of the rewards, only users with 100,000 or more points are eligible. Participants below this threshold have been excluded.
Reward Distribution:
The distribution for Mission 1 is based on a non-linear reward system, rewarding participants proportionally based on their ranking. Here is the detailed breakdown:
- Top 10% of participants: Receive 25% of the total tokens
- 11% — 30% of participants: Receive 20% of the total tokens
- 31% — 70% of participants: Receive 35% of the total tokens
- 71% — 100% of participants: Receive 20% of the total tokens
Within each ranking group, tokens are distributed equally.
Mission 2: October — November
Total Allocation: 1,000,000 SWAN tokens
Snapshot: 5 PM UTC, Nov 7, 2024
Eligibility:
Participants with less than 50 XP are excluded from Mission 2 rewards to maintain a focus on those actively contributing to the Swan Chain ecosystem.
Reward Distribution:
For eligible users, the rewards are calculated using a linear reward system, ensuring that each participant’s XP directly determines their share of the tokens. Additionally, these calculations are adjusted one more time using “airdrop bonuses” from Social Mission.
Our Commitment to Fairness
The token allocation processes for Mission 1 and Mission 2 reflect Swan Chain’s commitment to rewarding genuine participation and meaningful contributions. By transparency, we aim to build trust within our community and encourage continued involvement.
FAQ: Swan Chain Token Allocation and Claims
1. When can testnet users claim their tokens?
You don’t need to manually claim tokens. As long as you’ve created a ticket, after confirmation, we will send the tokens directly to your wallet.
2. I think I should have received more in Mission 1.
To ensure fairness, we decided to distribute an additional 100 SWAN tokens to each eligible participant who has under 100 SWAN tokens directly to your wallet. Please submit your request before 11 PM EST, December 19.
https://docs.google.com/forms/d/1o7EOi0Mr0AzLSC8-DBUAGUpMn8EpWsY3tDTmWqKLVvE
3. What is the chain information and contract address (CA)?
For detailed chain information, please refer to: Swan Chain Network Information
The SWAN token contract address: 0xBb4eC1b56cB624863298740Fd264ef2f910d5564
4. Am I approved for the claim?
If you’re on the winner list, you’re approved. If you believe the amount is incorrect, it might be due to anti-sybil measures. Please submit the token inquiry form, and we will review and send the correct amount to your wallet.
https://docs.google.com/forms/d/1o7EOi0Mr0AzLSC8-DBUAGUpMn8EpWsY3tDTmWqKLVvE
5. When will the next batches of airdrops be processed?
The schedule for the next batches is to be determined. Stay tuned for updates.
6. What is the deadline for submitting the claim form?
The deadline for submitting the claim form is 11 PM EST, Dec 19. Please ensure you complete the form before this date.
Website: https://www.swanchain.io
Twitter: https://twitter.com/swan_chain
Telegram: https://t.me/swan_chain/
Discord: https://discord.gg/DM5xBUnvt9
