Swan Network
English
  • Getting Started
    • Overview
    • Protocol Stack
      • Cross-chain Consensus Layer
      • Peer-to-peer (P2P) Network
      • Payment Channels
      • Service Discovery
      • Data Marketplace
      • Indexing and Caching Marketplace
      • Web3 Task Auction
      • Storage Layer
      • Computing Layer
      • CDN Layer
      • Economic System
        • Grants
        • Computing Jobs
        • Universal Basic Income (UBI)
        • Swan Provider Income
      • Token
      • Governance
        • Treasure DAO
      • Glossary
    • Contact Us
      • Social Accounts & Communities
      • Business Partnerships
    • FAQ
  • QuickStarts
    • Dive into QuickStarts
      • Swan Chain: Developing Smart Contracts with Go
  • Swan Storage Market
    • Overview
      • Swan Auction System
      • Reputation System
    • Key functionalities
      • Task Management
        • Create a New Task
        • Navigate Tasks
        • Update Tasks
        • Assign Tasks
      • My Profile
        • Register as a storage provider
      • Find Storage Providers
        • Storage Provider Details
      • Extend DataCap Terms Service
  • Swan IPFS Storage
    • Overview
      • Flink
    • Swan IPFS Storage User Guide
      • Networks
      • Setup MetaMask
    • Developer Quickstart
      • SDK
        • js MCS SDK
          • Prerequisites
          • Get Started
          • Bucket Storage
          • Onchain Storage
          • SDK JS Installation Tutorial Video
        • python MCS SDK
          • Quickstart
          • Bucket Storage
          • Onchain Storage
          • SDK Python Installation Tutorial Video
      • Additional Resources
    • Best Practice
      • Use Swan IPFS Storage as Platform Storage Solution
        • Single Organization Design
        • Multiple Organization Design
    • FAQ
  • Swan Provider
    • Overview
    • Features
    • Tutorial
      • Prerequisites
      • Installation
      • Configure and Run
      • Swan Provider Tutorial Video
    • FAQ
      • 1. Change the linked Email
      • 2. Check Storage Provider connectivity/stability
      • 3. How to stop accepting "auto-bid" deals?
      • 4. `aria2_download_dir` vs. `aria2_candidate_dirs`
      • 5. How to configure "import deals from Swan Provider" when Boostd is running normally
      • 6. A rejection msg always appears during the deal-importing process
      • 7. How to check if aria2 is running?
      • 8. No response from Swan Platform?
      • 9. Why Storage Provider status shows offline?
      • 10. How to check the Task Status?
      • 11. How to configure the Storage Provider Market?
      • 12. How to set the "ask price"?
      • 13.aria2_download_dir VS. aria2_candidate_dirs
      • 14. How to control the number of deals imported?
  • Swan Client
    • Overview
    • Basic Concepts
    • Tutorial
      • Filecoin Deal Sender
        • Installation
        • Configuration
        • Prerequisites
        • Generate CAR Files
        • Meta-CAR
        • Upload CAR Files to IPFS
        • Create a Task
      • Blockchain RPC Service
        • Deploy RPC Service
        • RPC Command Service
      • Swan Client Tutorial Video
    • FAQ
      • How to prepare data?
  • FS3
    • Overview
    • Setup your FS3
      • Prerequisites
      • Install FS3
      • FS3 Set up Video
    • FS3 User Guide
    • FS3 User Guide (Cloud Version)
  • Lagrange DAO
    • Overview
  • Development Resource
    • Swan Token Contract
      • Acquire Testnet USDC and MATIC tokens
    • Swan API
    • Swan IPFS Storage API
    • Swan IPFS Storage 2.0 API
    • Flink API
    • FS3 API
    • API keys
  • Swan Testnet
    • Swan Jupiter Testnet
      • How to Participate
      • Before You Get Started
      • Network Early Adopter
      • Computing Provider Setup
        • Prerequisites
        • Install the Kubernetes
        • Install and config the Nginx
        • Install the Hardware resource-exporter
        • Install the Redis service
        • Build and config the Computing Provider
        • Install AI Inference Dependency(Optional)
        • Start the Computing Provider
        • CLI of Computing Provider
        • FAQ
      • FAQ
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  1. Getting Started
  2. Protocol Stack

Economic System

UBI based Cloud computing model

1. SWAN Treasure DAO:

  • Staking Rewards: SWAN token holders who stake their tokens are rewarded, promoting long-term commitment and network security.

  • Investment Initiatives: Funds accumulated through staking can be invested in opportunities that align with SWAN's goals, ensuring financial growth.

  • Community Building: Funds are allocated to foster community growth, including educational programs, outreach campaigns, and partnerships.

  • Universal Basic Income (UBI): Nodes or providers receive a UBI, ensuring a steady income, especially for those who might not secure regular jobs.

  • Network Tasks & Creator Rewards: This promotes a vibrant ecosystem where creators are incentivized to contribute.

  • Budget Allocation: Ensures a balanced and sustainable financial strategy.

2. Tokenomics:

  • SWAN Token: Serves as the primary medium of exchange within the network. It's used for staking, rewards, and transaction fees.

  • Staking: Token holders can stake their SWAN tokens to earn rewards and participate in network governance.

  • Token Burn: A mechanism can be implemented where a portion of the tokens used in transactions is burned, reducing the overall supply and potentially increasing scarcity and value.

3. Compensation Mechanism:

  • Job Creators: They are compensated, especially when the UBI rate exceeds the set target, incentivizing more job placements in the system.

  • Nodes/Providers: If a node's job income is less than the UBI, they receive both the job income and the UBI. If the job income surpasses the UBI, only the job income is received.

4. Governance:

  • Committee: Comprises token holders, core developers, builders, and other contributors. They decide on fund allocation, network tasks, and other major decisions.

  • Voting: Token holders can participate in voting on proposals, changes, or decisions affecting the network.

5. Incentive Structure:

  • Network Growth: As the network grows and more jobs are placed, nodes/providers are incentivized to take up more jobs rather than relying solely on UBI.

  • Proof of Eligibility: To receive UBI, providers must prove they own the hardware they claim, ensuring genuine participation.

6. System Jobs & Creator Rewards:

  • Network Tasks: Created to ensure the network remains active, especially when the UBI rate is higher than the target.

  • Creator Rewards: Job creators are rewarded for placing jobs in the system, especially when there's a deficit of jobs.

7. Regulatory Compliance & Security:

  • Decentralized Nature: Ensures tamper-proof and secure storage of data.

  • Compliance: While the network operates autonomously, it may still need to adhere to regional or global regulations, especially concerning financial transactions.

The SWAN Economics is designed to create a balanced ecosystem where all participants, from token holders to job creators, are incentivized to contribute positively to the network's growth and sustainability.

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Last updated 1 year ago

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