The mainnet is about to be launched, how does swarm mining work?

Swarm, the highly anticipated Ethereum sub-project, has had its mainnet soft launch on June 13, and Swarm officially announced that "BZZ token circulation is confirmed on June 21, and testnet nodes can access the mainnet first." Most of the information about the Swarm project has been made public. After all, information is the key to the success of an investment. However, there is still a lot of important information waiting for Swarm, which makes it mysterious to a certain extent, making investors eager to move forward but have to stop and wait. Aisin IBLOCK.one, which has already invested heavily in Swarm, unveils its mystery for investors who are optimistic about Swarm, and guides you to steadily collect the first mining dividend step by step.

First, how to get BZZ?

On June 14, the official sent out two tweets with the same content, claiming that in addition to the official private placement, there are currently only two ways for the public to obtain BZZ. One is the public sale of BZZ on CoinList on June 15, and the other is the test network airdrop event of one million BZZ "The Rise of Bee" conducted by Swarm.

CoinList's public offering has reached 1.5 million investors making online reservations at the same time, and the popularity and difficulty of snapping up are also quite high. There will be two ways of public offering on CoinList, both at a price of $1.92, and the tokens will be unlocked on August 2, 2021. The first way will be from 1:00 on June 15 to 12:59 on June 15, 2021, with a minimum purchase of $100 and a maximum of $500; the second way will be from 1:00 on June 16 to 12:59 on June 17, with a minimum purchase of $100 and a maximum of $10,000. When there are tokens left from the first sale, the second sale method will be opened. Participants will receive tokens around August 2.

Since registering an account on CoinList has certain restrictions on the conditions for participants, it is not easy for investors in these regions to participate. Therefore, for many people, testnet mining and airdrops have become the only option to obtain BZZ.

It is highly likely that the mainnet Bzz circulation will be opened on June 21. In addition to the 5.17 million BZZs raised by Coinlist, all 57,326,066 BZZs will be unlocked, and the total circulation will be 57,326,066+3,708,125 (increased issuance) BZZ tokens.

Second, how to mine swarm?

Swarm is not the block mining model we are familiar with. BZZ will be issued on the Ethereum main chain and the xDai side chain respectively. The BZZ on both sides are 1:1 mapping relationship, connected through Bridae (bridge). The Ethereum main chain is used for the secondary market circulation or income of BZZ, and the xDai side chain is used for node deployment and node operation, and XBZZ is the functional currency.

XBZZ is used to deploy nodes, which means that each time a new node is deployed, 1 BZZ will be locked in xDai, and then 1 new XBZZ will be minted; when a node redeems a check, it will get XBZZ, which can also be converted into the corresponding BZZ, and then the corresponding BZZ will be unlocked. When uploading data, you need to buy stamps with XBZZ. After use, a certain amount of XBZZ will be destroyed, and the corresponding BZZ will also be destroyed.

Therefore, the first thing that can be obtained in swarm mining is bandwidth incentive income. This is the main source of income in the early stage, because P2P needs to integrate the bandwidth of all nodes, so the more nodes deployed, the greater the bandwidth of the entire network, and the income of a single node will increase; the second thing that can be obtained is storage (stamp) incentive income. This part gradually increases with the increase of applications and data uploads. The more institutions use stamps, the more income a single node will have. From this, we can see that the wealth code to obtain swarm head mining bonuses lies in how to choose efficient nodes.

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