Swarm has no missions and can only dig air instead of BZZ

Breaking news: Swarm has no tasks, so it can only mine air instead of BZZ! How BZZ is issued and whether it can be mined has always been a question of great concern to everyone. In the early stage, the SWARM team only announced the shares of private placement, public offering and team foundation, etc.

1. Will there be additional issuance? Will it be inflation or deflation? What is the economic model?

From the recent public information, the issuance model of BZZ is basically carried out according to the bonding curve. This is a little complicated. For BZZ node plan, please contact vx: wamn3690. In short, it is basically the following curve:

This curve is also called the dynamic price curve, which is a model that relates the token price to the total amount of tokens. In simple terms, it is:

• When the price rises, issue more shares

• When the price drops, destroy it appropriately

In other words, the total amount of BZZ will change with the price. This relationship can be expressed by the following polynomial:

p(x) = c*x^n

p(x) represents the price when the total issuance amount is x, c is a constant, and n is the leverage coefficient.

The blue line shown in the figure above is this function. The larger the leverage coefficient n, the steeper the curve and the more drastic the change.

This issuance and destruction is automatically executed by the smart contract. Another interesting feature of this curve is that the funds required in this smart contract only need to be equal to the area of ​​the blue area in the figure. Therefore, the larger n is, the less funds are needed, and there are more funds for the team to use flexibly.

In the current code, this n=32. It is very large, so when the price changes, there is no need to issue a lot of tokens to meet this curve, and vice versa. At present, this leverage ratio is very likely to be adjusted. BZZ node plan contact vx: wamn3690 Therefore, do not rely solely on the current parameter configuration for deduction, it is likely to be wrong.

Therefore: bzz is subject to additional issuance and destruction at any time, mainly used to control price fluctuations

2. Is Swarm a project initiated by the Ethereum Foundation?

The Swarm project was indeed initiated by three big guys in the early days because there were no other projects at the time, and this project is an important part of the Ethereum ecosystem.

Gradually, there are more and more projects, and the bosses are busy with their own things, so the swarm project is promoted by its own team.

The same is true for the relationship with the Ethereum Foundation. When the project has grown, it has become independent and no longer needs investment or support from the Ethereum Foundation.

So: Swarm (bzz) has nothing to do with Ethereum

3. Can Swarm mine BZZ?

Swarm's coin issuance mechanism is also different from traditional blockchain projects. It is not the traditional block mining, but the random interaction between nodes and queen node data to generate BZZ, which is proportional to the frequency of queen node data interaction, and focuses more on bandwidth and computing power.

Swarm Roles:

• Bandwidth: Interact with the masternode to generate BZZ tokens

• Storage: Users pay miners BZZ tokens to store data

• Communication: Users pay miners in BZZ tokens to retrieve data

• Decentralized trading channel: BZZ on the sidechain is exchanged with ERC20 BZZ on the Ethereum mainchain

Interpretation: Ecological customers publish a task (for example, 100 bzz traffic fees are required), and then bee is used to complete it. After the node interacts with the queen bee node data, it participates in the distribution of bzz, and distributes these 100 bzz according to the contribution value ratio. For BZZ node plan, please contact vx: wamn3690. If no customer publishes a task, there is no way to mine bzz.

So: this is a model of accepting tasks and offering rewards. Only when there are customers can there be coins. This is a real landing project. If no one issues tasks, you can only dig in the air.