Swan CP UBI

Overview

Swan Chain's Universal Basic Income (UBI) program serves as a cornerstone of our provider incentivization system, designed to reward Computing Providers (CPs) who contribute to the network's robustness and functionality.

Provider Types and Responsibilities

Edge Computing Providers (ECP)

ECPs play a crucial role in maintaining network integrity through:

• Daily Zero-Knowledge (ZK) validation tasks

• GPU task deployment operation

• Network performance maintenance

• Collateral management

Fog Computing Providers (FCP)

FCPs contribute to network functionality by:

• Executing daily sampling tasks for health verification

• Managing application deployment requests

• Maintaining required collateral and performance standards

• Processing diverse computational workloads

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Participation Process

1. Token Acquisition

1.1 Obtaining ETH for Gas Fees

ETH is required for transaction gas fees. Follow these steps:

1. Visit Swan Chain's official bridge website: https://bridge.swanchain.io
2. Cross-chain your ETH to Swan Chain to obtain ETH

3. Prepare sufficient ETH to account for potential fluctuations in network gas fees

1.2 Obtaining SWAN for Collateral

CP requires SWAN as collateral. You can purchase SWAN from centralized exchanges (CEXs).

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

Contract Address: 0xBb4eC1b56cB624863298740Fd264ef2f910d5564

2. Provider Setup

ECP Setup

1. Follow ECP documentation
2. Configure ZK validation systems

3. Prepare for GPU task capabilities (upcoming)

FCP Setup

1. Follow FCP documentation
2. Set up sampling task infrastructure

3. Configure application deployment systems

3. Collateral Management

• Access Provider Dashboard for deposits
• Dynamic collateral requirements based on network computing power

• Separate escrow accounts for ECP and FCP operations

• Locked collateral for UBI qualification and order acceptance

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Program Structure

Continuous Rewards System:

• The CP UBI program operates as an ongoing incentive mechanism

• Active providers continuously earn SWANU tokens based on their contributions

Performance-Based:

• Rewards scale with provider performance and resource contribution

• Immediate Activation: New providers start earning once setup and verification are complete

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Reward Distribution Mechanism

Earning Mechanism

Providers earn SWANU tokens through:

• UBI Rewards

  • Daily distribution based on:

    • GPU specifications and quantity

    • Bench task completion rates

    • Resource availability metrics

    • Service quality indicators

• Paid Job Income

  • Market-driven compensation for:

    • User-requested computational tasks

    • Application deployments (FCP)

    • GPU task deployment (ECP)

Token Conversion:

• All earned SWANU tokens convert 1:1 to SWAN tokens at TGE

• Direct conversion system replaces the previous pool-based distribution

• Providers know exactly how many SWAN tokens they'll receive at TGE

Anti-Gaming Measures: The system includes robust anti-gaming protections:

• Resource Manipulation: Using UBI-earned SWANU to create artificial tasks for your own resources is strictly prohibited. Such attempts will NOT increase your earnings.

• Penalties: Manipulation attempts will result in:

  • Reduced bench task success rates

  • Lower overall CP earnings

  • Potential disqualification from the program

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Additional Resources

Documentation

• UBI Mechanism Details
• Provider Income Guide
• Provider Setup Guides

Support Channels

• Telegram CP commuity
• Discord CP channels

This documentation will be updated as new features and optimizations are introduced to the Swan Chain network.