The CoinList team describes Swarm as a system of peer-to-peer (P2P) networked computing nodes that create a “decentralized” storage and communication service. The Swarm token sale is scheduled to start on CoinList’s platform on June 14, 17:00 UTC and “the deadline to register is June 11, 12:00 UTC.”
CoinList writes in its blog post that they are welcoming all “eligible” CoinList users to register for this offer.
As noted by CoinList, the sale has two different options:
- Option 1 will “run from June 14 2021, 17:00 UTC to June 15 2021, 04:59 UTC”
- Option 2 will “run from June 15 2021, 17:00 UTC to June 16 2021, 04:59 UTC”
Please note: Option 1 and Option 2 “share the same BZZ token pool,” the CoinList team explained while adding that Option 2 will “only occur if there are excess tokens from Option 1.” By registering for the sale, eligible users “will register for both options. Additionally, please note that the two options will have separate, independent sale queues,” the company noted.
As explained by CoinList:
“Swarm is a system of peer-to-peer networked nodes that create a decentralized storage and communication service. The system is economically self-sustaining thanks to a built-in incentive system enforced through smart contracts on the Ethereum blockchain.”
Swarm’s credo is “to shape the future towards a self-sovereign global society and permissionless open markets,” the blog post noted while pointing out that these core principles “drove development” with a special focus on (decentralized application) dApp developers, organizations, enterprises, and activists “on every blockchain.” For instance, use-cases include social media dApps, free press, archives, blockchain, and DeFi data.
Here are some reasons why CoinList claims it is looking forward to more updates from Swarm:
- Persistent Technology — Swarm data is “readily accessible due to cross-node replication and erasure coding.” Specifically, data is “divided into “chunks” and redundantly stored throughout the network.” This redundancy “provides continued data delivery when nodes go offline.”
- Data Sovereignty — All node operators “participate in a fair data economy in which no central party controls or monetizes data.” Instead, users “own their data while node operators ensure the availability and integrity of this data.”
- Aligned Economics — Users “pay for storage and communication on their own terms, rather than having their data sold to cover costs.” On the other hand, node operators are “motivated by BZZ tokens to run and maintain network nodes.”
To learn more and register for this offer, check here.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!