Swan Chain, an AI blockchain infrastructure leader, has announced the launch of its Token Generation Event (TGE) for its native token, SWAN. The token’s aim is to enhance the development of Swan Chain’s decentralized AI and Web3 ecosystem. SWAN is available for trading on Gate, MEXC, LBank, and Hotcoin starting December 16th.

Swan Chain’s launch of SWAN symbolizes a turning point for the company, improving user participation and governance within the AI and Web3 fields. As a governance token, SWAN empowers a diverse committee of stakeholders (token holders, developers, and builders) to make decisions through transparent voting processes.

Community members can propose protocol upgrades or allocate budgets, ensuring every voice is heard. Transactions and votes are recorded on a public ledger, promoting transparency. Users can participate through forums and town halls, with educational programs aiding informed decision-making. SWAN offers multiple features, such as:
– Voting rights: Influence network decisions based on token holdings.

– Usage rewards: Compute and storage providers receive SWAN based on their contributions’ quantity and quality. – Incentives: Earn rewards for participating in governance and community initiatives. Token economics features include:
– Distribution details: Early buyers, DAO Vault, Ecosystem Fund, Core Contributors, Airdrop, and Strategic backers.

Swan Chain is supported by leading investors and foundations, such as Binance Labs, Protocol Labs, Chainlink Labs, Outlier Ventures, and SNZ Capital. Additionally, it has received grants from the Optimism Foundation and the Filecoin Foundation. Following the TGE, SWAN will be listed on Gate, MEXC, and other leading exchanges, providing global liquidity and market access.

This is a crucial step in Swan Chain’s journey, aligning with the platform’s expansion and upcoming milestones. By decentralizing AI computing infrastructure, Swan Chain addresses challenges like high costs, low GPU utilization, and wasted resources, ultimately reshaping AI development. The SWAN token powers a community-driven ecosystem, making AI more accessible and sustainable for organizations of all sizes.

Swan Chain is leading the decentralized AI revolution, where computing providers play a critical role in shaping AI development’s future, which will be more inclusive, efficient, and sustainable.

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