Upgrades to the Transaction Drive Program: Fairness and Awareness
Dear Community Members,
As our Transaction Drive Program progresses, we received numerous claims and tickets about the abuse of the rules and spams. We identified potential vulnerabilities that could compromise the fairness and integrity of the initiative. Specifically, we detected the involvement of Sybil hunters targeting the 900,000 SWAN prize pool since the program’s inception.
We sincerely apologize for underestimating the damage caused by Sybil hunters to our community. After considering the community’s feedback, we have decided to make the following changes to the rules to improve the program:
1. Deadlines Extended:
The program has been extended until 📅 April 15th. The extension aims to provide the community with more time to participate under fair rules with reduced Sybil attack risks.
2.Improved Prize Pool Structure:
In order to better evaluate the effort and input from the community, We decided to improve the prize pool distribution structure:
20% (180,000 SWAN) of the prize pool will be allocated based on the previous rules (transactions from January 22nd to March 14th), while the remaining 80% (720,000 SWAN) will be allocated based on the new mechanism (transactions from March 15th to April 15th).
All transactions MUST comply with strict anti-Sybil rules. 🚫Wallets with transactions matching abnormally high frequencies (beyond human capabilities) and coinciding with the detected large influx of Sybil activity may be tagged as indicative of spam-like behavior and subsequently removed from the winner list eligibility dataset.
3.New Anti-Exploitation Mechanism
We have implemented a new mechanism with enhanced security measures to prevent exploitation and ensure genuine user engagement. The mechanism prioritizes individual efforts across five tasks, each with varying levels of difficulty and corresponding rewards.
Prerequisite: ✅ Verify your wallet address here (Complete the Galxe campaign to verify your wallet address)
Here’s a breakdown of the tasks and associated rewards:
- Task 1️⃣ Transferring Tokens (Difficulty Level: Beginner, 180,000 SWAN total rewards, 25% of remaining allocation).
- Task 2️⃣ Bridging Tokens (Difficulty Level: Elementary, 108,000 SWAN total rewards, 15% of remaining allocation) . Bridge now.
- Bonus🎉: There will be a 5% bonus (3,600 SWAN) from the prize pool to reward users who bridge more Sepolia ETH from Ethereum to the SWAN chain.
- Task 3️⃣ Deploying Contracts (Difficulty Level: Intermediate, 108,000 SWAN total rewards, 15% of remaining allocation). Check guide here.
- Task 4️⃣ Deploying Space on Lagrange (Difficulty Level: Advanced, 288,000 SWAN total rewards, 40% of remaining allocation). Deploy now.
Participants will earn rewards based on their contributions to these tasks, with more effort potentially resulting in higher rewards.
We honor all contributions and dedication from our community members. We have zero tolerance for rule abuse and exploitation within our ecosystem.
Thank you for your understanding and continued support as we strive to create a fair and transparent testing environment for all participants.
Sincerely,
SwanChain Marketing Team
FAQs
1. How to participate in the Testnet Program?
A: Here are some Guides for you to take part in various testnet tasks, but please note the changes of Improved Prize Pool Structure apply to all the Transaction Drive Program related tasks from March 15th, to April 15th, 2024.
2. When can I know if I am in the winner list?
A: We will announce the winner list within two weeks after the Testnet Program ends. According to the laws and regulations, you may be asked to provide more information or documents when you submit the claim for the reward.
3. When can I get SWAN token rewards?
A: The rewarded SWAN tokens should be dropped to the corresponding wallet addresses after the Token Generation Event.
4. I am a genuine user but I am identified as Sybil/Spam wallet. How can I submit an appeal to request my rewards?
A: You can submit your claim via request this form. Team will review the request and get back to you if you are eligible.
About Swan:
Swan is a Layer 2 AI Computing blockchain built with OP Stack technology. Backed by strategic partnerships with industry leaders such as Filecoin, IPFS, Chainlink, Polygon, Microsoft Azure, and Google Startups Cloud Program, Swan is well-positioned to drive the future of Web3 Storage and Computing. With cutting-edge solutions like Lagrange and Multi-Chain Storage, Swan is funded by Binance Labs, Chainlink Labs, SNZ Holding, Outlier Ventures, Chain Capital, and more.
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
