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.

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

During CP UBI-0 stage:

• Collateral will be directly deposited to corresponding escrow account. No manual deposit required.

• Funds locked for UBI qualification and order acceptance. No withdrawal option available

2.2 Slash Collateral

• Collateral may be forfeited under the following circumstances:

  • User complaints or appeals:

    • Can be submitted during or after the task.

    • Evidence must be provided (e.g., screenshots, log files, etc.).

    • Reasons for complaints/appeals may include but are not limited to:

      • Task completion does not meet expectations.

      • Service quality issues.

      • Other violations of service agreements.

  • Handling process:

    • The platform will review the complaint/appeal upon receipt.

    • If FCP is found to be at fault:

      • The platform will slash the corresponding collateral (equal to the task collateral amount).

      • The task reward will also be forfeited.

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).

4. Important Notes

Critical Requirements

• Maintain stable beneficiary address during UBI-0 program

• Do not transfer SWANU tokens unnecessarily

• Keep sufficient ETH for gas fees

Best Practices

• Regular monitoring of collateral requirements

• Maintain high task completion rates

• Ensure consistent resource availability

• Monitor dashboard for performance metrics

Anti-Gaming Protection

• Do not use UBI earnings for artificial task creation

• Manipulation attempts will reduce bench task success rates

• Focus on legitimate service provision

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