FCP Funding Operations Guide
Last updated
Last updated
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.
FCP requires ETH
as transaction gas fees. Follow these steps to get ETH
:
Visit Swan Chain's official bridge website:
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.
FCP requires SWAN as collateral, you can buy it from CEXs.
SWAN is currently listed on , , and .
Contract Address: 0xBb4eC1b56cB624863298740Fd264ef2f910d5564
Collateral amounts dynamically adjust based on network computing power.
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.
FCPs can earn rewards after completing tasks.
Users are billed hourly based on the resources provided by the FCP.
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).
Review our for detailed information
Monitor the for computing units and base collateral trends(upcoming feature)
More details about Slash Collateral, check here:
Different configurations have different pricing, check the price .