Swan Chain, a leading AI blockchain infrastructure, is thrilled to announce the Token Generation Event (TGE) and public listing of its native token, SWAN. Designed to power Swan Chain’s decentralized AI and Web3 ecosystem, SWAN will be available for trading on major cryptocurrency exchanges starting from 16/12/2024.
Expanding the ecosystem and empowering users
The launch of SWAN marks a transformative moment for Swan Chain, enhancing user engagement and governance in AI and Web3. As a governance token, SWAN empowers a diverse committee of stakeholders—token holders, developers, and builders—who make decisions through a transparent voting process.
Community members can submit proposals for protocol upgrades or budget allocations, ensuring everyone has a voice. All votes and transactions are recorded on a public ledger, promoting complete transparency. Users can engage through forums and town halls, while educational initiatives empower informed decision-making.
Utilities of SWAN include:
- Voting Power: Influence network decisions based on token holdings.
- Usage-Based Rewards: Compute and storage providers earn SWAN based on the volume and quality of their contributions.
- Incentives: Earn rewards through participation in governance and community initiatives.
Charles Cao, Founder of Swan Chain, remarked:
"The SWAN token is central to our vision of democratizing AI development and creating an accessible, decentralized ecosystem. We believe that by empowering developers and enterprises with tools to unlock the potential of Web3, we can shape the future of AI adoption at scale."
Tokenomics
TGE Distribution Breakdown:
- 18,000,000 Tokens
- Purpose: Reward early supporters who contributed to Swan Chain’s initial development and funding
- 20,000,000 Tokens
- Purpose: Manage network operations, fund governance initiatives, and support strategic investments
- 40,000,000 Tokens
- Purpose: Fuel developer grants, partnerships, and ecosystem expansion, fostering innovation and community participation
- 0 Tokens
- Purpose: Tokens reserved for contributors will vest post-TGE, ensuring alignment with long-term goals
- 20,000,000 Tokens
- Purpose: Incentivize early adopters, bootstrap community growth, and encourage user engagement
Investors and backers
Swan Chain has established itself as a major player in decentralized AI computing, supported by a distinguished group of investors and grant providers.
- Investors: Swan Chain is backed by industry leaders such as Binance Labs, Protocol Labs, Chainlink Labs, Outlier Ventures, and SNZ Holdings, showcasing confidence in its vision of merging AI and blockchain technologies.
- Grants: Swan Chain has secured significant grants from the Optimism Foundation and the Filecoin Foundation, reinforcing its position as a key innovator in decentralized infrastructure. These grants highlight Swan Chain's alignment with the goals of major Web3 ecosystems.
Listing on major cryptocurrency exchanges
Following the TGE, SWAN will be listed on Gate, Mexc, and other leading cryptocurrency exchanges, providing global liquidity and market access for Swan Chain’s expanding community. The public sale of SWAN marks a pivotal moment in Swan Chain’s journey, aligning perfectly with the platform’s ongoing expansion and upcoming roadmap milestones.
AI and its missing pieces: the challenges holding innovation back
In today’s AI-driven world, researchers and engineers are constantly pushing the limits of what machines can do. But despite the incredible potential of AI, there are still major hurdles that slow down progress, particularly when it comes to the technology powering AI—GPUs.
Imagine an AI model capable of transforming industries. But to make that vision a reality, the engine behind it—the GPU—faces three significant obstacles:
- High Costs: The price of high-performance GPUs like the NVIDIA A100 or H100 is sky-high, making them unattainable for smaller companies and independent developers. Add the costs of cooling systems and electricity, and AI development becomes an expensive endeavor—one that only the biggest players can afford.
- Underutilized GPUs: Amidst these challenges, there is a hidden but significant inefficiency—the vast underutilization of existing GPU resources. Many organizations and individuals possess idle GPUs, often from older models or intermittent use, which remain untapped. These GPUs, left dormant, could instead be harnessed to contribute to AI workloads, enabling faster, more cost-effective AI development. However, without a platform to aggregate and redistribute this underutilized computing power, this potential goes to waste.
Swan Chain: the AI problem solver
Enter Swan Chain, a revolutionary platform that is rewriting the rules of AI development. Swan Chain tackles these obstacles head-on by merging AI with the power of blockchain and decentralization.
Think of it as a decentralized network where anyone—whether you're a seasoned developer or a newcomer—can contribute unused computing power and storage assets to help build AI. By integrating DePIN into AI development, Swan Chain drastically reduces costs, making AI more accessible to organizations of all sizes.
Not only does this cut expenses, but it also rewards contributors with SWAN tokens for their participation, creating a community-driven ecosystem. With SWAN tokens at its core, Swan Chain is leading the charge in decentralized AI, offering scalable and cost-effective solutions that make AI development both secure and rewarding.
With Swan Chain, the era of exclusive access to AI innovation is coming to an end. By decentralizing the infrastructure needed for AI, Swan Chain allows computing providers to play a crucial role in reshaping the future of AI development—one that is more sustainable, efficient, and inclusive for everyone involved.
Follow Swan Chain at:
- 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