Swan Chain, an AI Cloud blockchain platform, has introduced the discharge of its Computing Supplier (CP) model v1.0.0. This replace is a part of preparations for the upcoming Swan Chain Token Era Occasion (TGE). The announcement was made via the official Swan Chain X account.
📢 [Important Announcement] Computing Supplier Replace v1.0.0 Launch
We’re excited to announce the discharge of Computing Supplier (CP) model v1.0.0, getting ready for the upcoming Swan Chain TGE!
Improve Now: https://t.co/U2ydH42Bna
— Swan Chain (previously FilSwan) (@swan_chain) December 14, 2024
New Swan Chain CP Replace Requires Full $SWAN Stake for Activity Rewards
Certainly, one in every of its main facets is the total collateral performance This and different new prospects can be mentioned additional on this article. Activity rewards henceforth are solely given for UBI duties the place the Computing Suppliers (CPs) are required to completely stake $SWAN tokens. This requirement is obligatory for participation within the process reward system to ensure the suppliers’ dedication.
Additional, this launch brings a slashing mechanism. Now each Edge Computing Suppliers (ECP) and Fog Computing Suppliers (FCP) are constrained by the slashing mechanism. This mechanism is designed to make sure that the community stays cohesive and all of the related events act and carry out in a means that’s anticipated to facilitate higher provision of the providers.
Swan Chain to Allow $SWANU Collateral Swap After UBI Settlement Interval
One other necessary replace is linked with the interval of the settlement throughout which UBI could be distributed. The settlement will happen between 02:00:00 and 06:00 UTC on December 17, 2024. At the moment, the rewards for duties that full earlier than Dec 16 shall be decided by the collateral given by suppliers.
Following the settlement interval, the customers will be capable to unstack their $SWANU collateral and alternate it for $SWAN tokens. Nonetheless, customers ought to keep away from early withdrawal of their collateral as a result of it could scale back their most share of UBI distribution.
This replace is essential for Swan Chain particularly earlier than the TGE as it’s a nice achievement for the platform. It elucidates extra within the method that the suppliers can be concerned within the reward system and presents new metrics geared toward enhancing truthful and environment friendly community operation.
