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AI Super Chain Swan Chain announces the SWAN token pledge economic model, and is about to launch the UBI plan

AI Super Chain Swan Chain announces the SWAN token pledge economic model, and is about to launch the UBI plan

Bitget2024/10/21 09:52

On October 21, AI superchain Swan Chain introduced the detailed rules of its native token SWAN's staking incentive mechanism in its official documents. The mechanism aims to incentivize computation providers (CPs) to participate in network construction while ensuring the security and stability of the network.

According to the announcement, Swan Chain will launch a dual-income model, including Universal Basic Income (UBI) and task payment compensation. UBI adopts a model similar to gamma distribution, providing higher rewards for early participants and dynamically adjusting according to network resource utilization rate. This innovative mode is expected to provide stable income for CPs during the growth period of the network.

Notably, Swan Chain has also introduced a staking economic model and an earnings multiplier system. The earning factor adjusts rewards based on GPU capabilities, ensuring fair compensation under different hardware configurations. In the initial UBI-0 phase, staking requirements are only one-tenth after TGE which means that CPs can start earning profits with minimal upfront investment. These series of measures are expected to attract more CPs into Swan Chain ecosystem promoting decentralized computing development.

The Swan Chain team stated that complete details about their staking economic model and UBI plan have been published in their official documents; interested users and investors can go check it out. It is reported that Swan Chain mainnet was officially launched at beginning July this year with plans underway for launching SWAN tokens later this year.

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