Swan Chain, launched in 2021, is a comprehensive AI blockchain infrastructure designed to expedite AI adoption. Swan Chain aims to establish a robust and user-friendly storage and computation infrastructure layer for Web3. Leveraging OP Stack’s Ethereum Layer 2 technology, it innovatively integrates Web3 with AI by offering extensive storage, processing, bandwidth, and payment solutions.

What is Swan Chain?

Swan Chain is a decentralized physical infrastructure network (DePIN) atop Ethereum Layer 2 that enhances the performance of AI applications. It integrates AI with Web3 using the OP Stack’s Ethereum Layer 2 expansion solution, offering extensive solutions such as cross-chain storage, computational resources, bandwidth resources, and payment options. By including the underutilized computational resources within the community’s data center network, Swan Chain’s network integration substantially decreases computing resource expenses by as much as 70% and facilitates the monetization of dormant computing assets.

Swan Chain, the inaugural EVM-compatible AI computing chain, prioritizes the unique demands of the AI sector regarding computation, storage, and data protection, offering AI developers a holistic, all-encompassing solution. Swan Chain has established three primary resource trading markets: decentralized storage, AI suppliers, and ZK (zero-knowledge) suppliers. Based on this foundation, it offers services such as multichain IPFS storage and an AI model-sharing platform (Lagrangedao.org) to reduce the barriers for users accessing decentralized AI network resources, thereby augmenting the ecosystem’s interoperability and enhancing convenience and cost-effectiveness.

Background of Swan Chain

Swan Chain was founded in 2021 by Charles Cao and is headquartered in Montreal, Canada. Swan Chain possesses a global team of exceptional talents in Canada, the United States, and China, dedicated to developing superior Web3 infrastructure. Charles Cao has over 15 years of professional expertise in information technology and fintech. His significant expertise enhances the team’s development in cryptocurrency mining technologies and public relations. Charles Cao serves as the ambassador for Filecoin, mentors at the Techstars incubator, and advocates for the Filecoin community. He collaborates closely with hardware suppliers, governmental entities, Web3 blockchain groups, analysts, and industry investors.

Swan collaborates with entities like Chainlink and the Filecoin Foundation to provide a robust and user-friendly storage and compute infrastructure layer for Web3. Swan Chain has secured $3.85 million across two investment rounds, with the most recent seed round of $850,000 occurring on September 25, 2024. The initial investment round occurred on January 16, 2023. Two investors, Optimism and Waterdrip Capital, participated in the newest funding round. Swan Chain possesses 16 institutional investors, including Binance, SNZ, and Optimism.

Features and Benefits of Swan Chain

• Edge Computing Provider: This entity specializes in processing data at the point of generation, utilizing low-latency configurations suitable for real-time applications.
• Fog Computing Provider: Delivers a stratified network that extends cloud functionalities to the network’s periphery, facilitating applications such as AI model training and deployment.
• Market Provider: A platform that enables the distribution of computing tasks to providers, employing an auction mechanism for job allocation and a payment system for financial transactions.

SwanChain facilitates cost-effective AI development through novel marketplaces for decentralized storage, artificial intelligence, and zero-knowledge proofs, complemented by the efficiency of LagrangeDAO for AI model deployment. The benefits of Swan Chain include:

• Economically Efficient: One benefit of Swan Chain is that using the decentralized marketplace feature can decrease AI computing expenses by as much as 70%.
• Global Accessibility: With Swan Chain, users can utilize its AI computer resources across over 100 international sites.
• Immediate Deployment: Swan Chain offers users an immediate response to initiate their AI workloads within minutes utilizing its intuitive UI.
• ZK Powerhouse: Swan Chain utilizes zero-knowledge (ZK), which users can use to train privacy-preserving artificial intelligence models.
• Equitable Incentives: Users can benefit from Swan Chain’s UBI-driven node incentive system for a balanced token economy.

How Does Swan Chain Work?

Swan Chain utilizes a multi-tiered design to provide a resilient, decentralized computing network. This configuration guarantees uninterrupted functionality across diverse blockchain technology and services.

The following delineates the layers and components of the Swan Chain and how they work:

• Cross-chain Consensus Layer: implements smart contracts and facilitates payments, employing Chainlink data oracles for critical cross-chain interactions.
• Peer-to-peer (P2P) Network: delineates the methodology by which nodes identify and interconnect, facilitating efficient data transmission.
• Payment Channel: Swan Chain’s payment channels provide rapid and economical payment solutions within the network, improving transaction velocity and reducing expenses.
• Service Discovery: employs server nodes and a reputation module to enhance public services, guaranteeing dependable and high-quality service delivery.
• Data Marketplace: the system via which consumers compensate nodes for the dataset.
• Decentralized AI Computing Marketplace: Global AI Computing Task Market ZK Proof Marketplace: a global ZK computing task marketplace.
• Storage Layer: employs public blockchains and content-addressable networks for data storage, utilizing diverse platforms to ensure optimal data availability and security.
• IPFS: A decentralized file storage system that utilizes a peer-to-peer network for file distribution.
• Storj: Tailored for streaming media content, guaranteeing seamless transmission of media files.
• Filecoin: Optimal for archiving extensive datasets, offering a secure and accessible long-term storage solution.
• BNB GreenField: Improves adaptable and effective data management through its pioneering methodology for blockchain-based storage.
• Cross-Chain Contracts: Facilitates the dynamic selection of optimal storage solutions tailored to individual tasks, ranging from decentralized file storage to extensive information archiving.
• Computing Layer: The Computing Layer routes queries to the suitable node for computation, essential for executing decentralized cloud computing operations with efficiency, dependability, and security.
• CDN Layer: enables international distribution and data hosting, enabling rapid and dependable content delivery to users globally.
• Governance: the fundamental aspect of Swan’s network, overseeing schemas, treasury, and conflicts via a decentralized, transparent, and community-driven methodology.

What is the Swan Chain (SWAN) Token?

SWAN is the native token for the Swan Chain ecosystem, introduced via the Swan Chain Mission effort. The Swan Chain Mission is an initiative aimed at rewarding and engaging our remarkable community, which has played a crucial role in expanding Swan Chain. SwanChain presents an extensive tokenomics framework to foster ecosystem growth, encourage participation, and guarantee operational sustainability.

Tokens Distribution and Allocation

Total Supply: 1,000,000,000 Swan Tokens

Early Purchasers (20%)

• Objective: To finance the preliminary development and growth stages of SwanChain.
• Details: Early purchasers furnish critical funds for essential development and operational expansion. This funding facilitates technical advancement, operational infrastructure, and preliminary market plans.
• Unlock Schedule: 1.8% will be released at the Token Generation Event (TGE), with the remaining tokens allocated linearly over 4 to 8 quarters following a 6-month cliff.

DAO Treasury (20%)

• Objective: To oversee investments, address legal expenses, and fulfill other financial obligations.
• Details: The DAO Treasury is essential for fiscal management and operating expenses. It is financed by donations from market providers and is utilized for strategic investments and required expenditures, including legal fees.
• Unlock Schedule: 2% will be unlocked at the Token Generation Event (TGE), with remaining tokens allocated linearly across 40 quarters.

Ecosystem Fund (25%)

• Objective: To facilitate ecosystem development via grants, programs, and various activities.
• Details: This fund is essential for fostering innovation within the SwanChain ecosystem, offering financial assistance to developers, entrepreneurs, and community initiatives that expand the network.
• Unlock Schedule: 4% will be unlocked at the Token Generation Event (TGE), and the remaining tokens will be allocated linearly across 16 quarters.

Core Contributors (15%)

• Objective: To incentivize and keep the developers and team members essential to the development and maintenance of SwanChain.
• Details: This allocation guarantees that the developers and staff essential to SwanChain’s operations are motivated and retained, promoting continuous innovation and network maintenance.
• Unlock Schedule: 0% unlocked at Token Generation Event (TGE), with remaining tokens allocated linearly across 12 quarters following a 6-month cliff.

Airdrops (20%)

• Objective: To encourage extensive network involvement and interaction.
• Details: Airdrops broadly disseminate Swan tokens among the community to invigorate network engagement and expansion, augmenting user adoption and community vitality. Over the years, ten percent of the total supply has been allocated to computing providers. The yearly airdrop rate must not surpass 10% of the existing circulation supply.
• Unlock Schedule: 2% of the tokens will be unlocked at the Token Generation Event, and the remainder will be distributed linearly over thirty-two quarters.

SWAN DAO Governance and Incentives

The SWAN DAO Governance serves as the foundation of the SWAN network, guaranteeing that decisions are rendered decentralized, transparent, and community-oriented. It embraces the ideas of decentralized autonomous organizations and manages the strategic administration of the network’s treasury. The SWAN DAO Governance guarantees the decentralization, transparency, and alignment of the SWAN network with the requirements of its community. It ensures sustainable network growth through a structured yet adaptable methodology, remaining faithful to its core ideas. The treasury management component guarantees the strategic utilization of the network’s financial resources, promoting growth and stability.

Governance Incentives

• Collateral Requirement: Community members must stake tokens to engage in governance decisions.
• Governance prizes: Engaged participants may obtain prizes, including 1% of the DAO Treasury, to encourage participation and prudent decision-making.

Swan Chain Alternatives

Swan Chain’s core competitiveness is demonstrated in three dimensions: cost innovation, strategic collaboration, and technical practice. Swan Chain’s innovative technical architecture design has considerably decreased computing expenses, saving up to 70% vs. typical alternatives. Swan Chain has established a robust network of key alliances. Deep relationships with tech titans such as Nvidia, Google, and Microsoft provide the initiative with technical assistance and substantial market resources. Furthermore, leading investment institutions such as Binance Labs, Protocol Labs, and Chainlink Labs give significant development money and industry resources, establishing the groundwork for future growth.

Alternatives to Swan Chain, a DePIN (Decentralized Physical Infrastructure Network), include

• Filecoin was initially intended for decentralized data storage. Users could rent out their hard drive space to store data on the network.
• Helium for a decentralized network focused on wireless connectivity, building a decentralized network of wireless hotspots, allowing users to earn prizes for network coverage.
• IoTex provides a modular blockchain framework that can be used to create numerous DePIN apps and projects. Developers can add new functionalities as needed.
• Moonchain is an Ethereum-based blockchain platform for DePIN applications intended for decentralized physical infrastructure applications.
• Storj for decentralized cloud storage, which provides a decentralized cloud storage solution that focuses on data privacy and security.
• Mawari, a network of streaming nodes for XR content, creates a network of streaming nodes, allowing for decentralized transmission of XR (extended reality) content.

Conclusion

Swan Chain is an innovative platform that is redefining the principles of AI development. Swan Chain confronts these challenges directly by integrating artificial intelligence with the capabilities of blockchain and decentralization. By incorporating DePIN into AI development, Swan Chain significantly lowers expenses, enhancing accessibility to AI for enterprises of all scales. Swan Chain incentivizes participants with SWAN tokens for their involvement, fostering a community-driven ecosystem. Swan Chain, centered around SWAN coins, seeks to provide scalable and economical solutions that ensure AI development is both secure and beneficial.