Following the recent hype surrounding Filecoin and Chia, there has been a lot of buzz in China around the B mainnet soft launch. The report elaborates that Swarm is set to kickstart the mainnet on June 13, and that plethora of miners from China are getting ready to reap rewards from the distributed storage platform and content delivery service.
Swarm Preparing to Launch Mainnet and Native Token BZZ
According to a blog post published by the Swarm Foundation, the anticipated B mainnet is set to launch this Sunday. Swarm project details can be found at ethswarm.org Which details that Swarm is a distributed storage platform and content delivery service that leverages an Ethereum web3 stack.
Here’s a detailed video showing our friends #China How to install Bee Node. Set up your Bee node, become part of the network and participate in the 1 million BZZ token airdrop at the same time. https://t.co/HjzU3uX5rL
— Ethereum Swarm (@ethswarm) February 21, 2021
The project also has a native token called BZZ which will be a utility coin aimed at decentralized storage and rewarding transactions. There is abundant information on Swarm and BZZ on the web, but the team has also published an archive on the topic called “herd book“
We are approaching mainnet launch; The BZZ token has not yet been deployed or distributed. Private buyers are not allowed to pledge tokens prior to the mainnet launch. 1/5
— Ethereum Swarm (@ethswarm) 18 May 2021
In February, Swarm raised $6 million in a private token sale and following the mainnet soft launch, a public BZZ token sale will take place on June 14. More recently, reports stemming from China indicate that Swarm is becoming very popular in the region and Filecoin and Chia miners are preparing to join the Swarm network.
Chinese journalist says herd’s popularity in China ‘based on belief’
Regional reporter and 8btc contributor Priyeshu Garg Description That “there has been a huge increase in the number of swarm groups popping up on WeChat.” reports The Chinese confirm Garg’s claims on social media and the reporter notes that the herd’s “popularity is based only on trust.” So far, Swarm started out as a proof of concept created by its lead developer Victor Tron And moved to a testnet and a few releases.
“The so-called flock ‘believers’ [are] Also actively promoting on other social platforms. Some filecoin groups have also been converted into swarm groups.” Garg’s report emphasizes.
Digital currency networks like Chia and filecoin They have been very popular especially in China as the two networks offer different mining solutions. BitTorrent creator Bram Cohen’s crypto project Chia sparked Hard drives and SSD shortages in China earlier this year. During the BZZ Private Placement Token Sale, BZZ tokens sold for $0.25 per unit.
The public offering indicates that BZZ will sell for $1.92 per unit with a 668% increase in value compared to the private placement. According to the website, US residents cannot participate in the BZZ public sale. US visitors to the website coinlist.co where the BZZ sale is taking place receive a warning that says: “Sorry, this content is not available at your location.”
codebase Bee v0.6 release Required for all existing Bee node operators and for users who wish to participate in the airdrop. Anyone running a previous version (v0.5.x.) must upgrade or they will not be able to connect to the network. The 0.6 version release will include features such as light nodes, postage stamps, free bandwidth allowance, and re-uploading of content.
What do you think about the Bee Mainnet soft launch in China? Let us know what you think about this topic in the comment section below.
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