FCP Funding Operations Guide

Introduction

This guide provides detailed instructions on how to manage token-related operations required for Fog Computing Providers (FCP) in the Swan Chain network. Follow this guide to ensure you have the necessary tokens and collateral for your tasks.

1. Preparation

1.1 Obtaining ETH for Gas Fees

FCP requires ETH as transaction gas fees. Follow these steps to get ETH:

• Visit Swan Chain's official bridge website: bridge.swanchain.io

• Cross-chain your ETH to Swan Chain to get Swan ETH.

• It is recommended to prepare enough ETH to account for fluctuations in network gas fees.

1.2 Obtaining SWAN for Collateral

FCP requires SWAN as collateral, you can buy it from CEXs.

SWAN is currently listed on Gate.io, MEXC, and LBank.

Contract Address: 0xBb4eC1b56cB624863298740Fd264ef2f910d5564

2. Collateral Management

2.1 Collateral Requirements

• Collateral amounts dynamically adjust based on network computing power.

  • Review our comprehensive collateral documentation for detailed information

• Monitor the Swan dashboard for computing units and base collateral trends(upcoming feature)

• Maintain sufficient collateral to ensure continuous task eligibility

2.2 Slash Collateral

To maintain network performance and accountability, CPs are subject to a precise slashing mechanism that penalizes inefficient or unreliable computing services. For each failed task, CPs face graduated penalties:

• Fog Computing Providers (FCP) lose 0.1% of their current full collateral amount per failed task (approximately 3.533 SWAN for a 3080 GPU), with around 14 tasks processed daily.

If a CP's collateral amount falls below the required threshold, they become ineligible to receive Universal Basic Income (UBI) tasks. To mitigate the risk of unexpected task exclusion, CPs are advised to maintain a buffer in their collateral amount.

More details about Slash Collateral, check here: https://docs.swanchain.io/core-concepts/token/computing-provider-collateral#slashing-mechanism

3. Reward Mechanism

3.1 Task Completion Reward

• FCPs can earn rewards after completing tasks.

• Users are billed hourly based on the resources provided by the FCP.

• Different configurations have different pricing, check the price here.

3.2 Revenue Distribution (coming soon)

• The revenue distribution for each deployment is as follows:

  • The platform takes a 5% service fee.

  • The remaining 95% is divided among up to three FCPs (task processors).

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