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Swan Chain (formerly FilSwan)@swan_chain · Oct 18, 2024

🙌 Exciting news from @swan_chain! We've just released details on the Collateral Requirement, Earning Multiplier,…

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Summary

Swan Chain announces a dual-income model for Computing Providers featuring Universal Basic Income (UBI) with gamma-like distribution rewards for early participants, plus paid job compensation. The system includes reduced collateral requirements (1/10th during initial phase) and an earning multiplier based on GPU capabilities to ensure fair compensation across different hardware.

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  1. #1

    🙌 Exciting news from @swan_chain! We've just released details on the Collateral Requirement, Earning Multiplier, Universal Basic Income (UBI) and Paid Job Compensation for Computing Providers (CPs). Let's break it down! 👇 🧵1/7

  2. #2

    Introduction to a dual income model for CPs: - Universal Basic Income (UBI) - Paid Job Compensation This ensures stable earnings during network growth and fair market rates for active tasks. Win-win! 🧵2/7

  3. #3

    The UBI follows a gamma-like distribution, offering higher rewards to early participants. It dynamically adjusts based on network resource utilization, encouraging efficient use of computing power. Join early, and earn more! 🧵3/7

  4. #4

    Our collateral economic model lowers the entry barrier! During the initial UBI-0 phase, the collateral requirement is reduced to just 1/10th. This means CPs can start earning with minimal upfront investment. Time to jump in! 🧵4/7

  5. #5

    We've introduced an Earning Multiplier system that adjusts rewards based on GPU capabilities. This ensures fair compensation across different hardware setups. Check details about Collateral Requirement and Earning Multiplier here 👇 🧵5/7 docs.swanchain.io/core-concepts/…

  6. #6

    The combination of UBI and paid jobs creates a robust income stream for CPs. You'll earn for both resource availability and active task execution. It's like getting paid to be on standby and for actual work! 🧵6/7

  7. #7

    Ready to maximize your computing resources' potential? Check out our comprehensive GitBook for full details on Swan Chain's innovative Universal Basic Income (UBI) and Paid Job Compensation for Computing Providers (CP) in Swan Chain 👇 🧵7/7 docs.swanchain.io/core-concepts/…