Dear XTers,
XT will launch the fourth phase of the “BZZ Nodes” Subscription on June 24, 2021, at 16:16 (UTC+8). The details are as follows:
Time：16:16 on June 24 – 16:16 on June 25, 2021 (UTC+8)
Detailed Subscription Rules
Total Amount: 100 Swarm Nodes
Price: 1 Swarm Node = 888 USDT
Maximum subscription limit: 1 Swarm Node
Subscription Channels
Web: https://www.xt.com/LaunchPad/33
App: Home page – Launchpad
[Project Info]
Swarm started out as an official part of the Ethernet project, which was mainly led and developed by the Ethernet Foundation, allowing mining pools storage, bandwidth, and arithmetic resources to support Ethernet network-based applications. It was considered to be defined as one of the three pillars of Web 3.0 components along with Ether and Whisper.
The Swarm team seeks to offer a peer-to-peer storage and serving solution that is DDoS-resistant, has zero-downtime, fault-tolerant and censorship-resistant as well as self-sustaining due to a built-in incentive system which uses peer-to-peer accounting and allows trading resources for payment.
Currently, XT.COM has entered into a strategic partnership with Swarm’s official investors, which provides a strong guarantee for later cooperation between Swarm and XT.COM’s ecosystem. Swarm’s investors include Alphemy Capital, Bitscale Capital, Waterdrip Capital, DFG, KR1, Hashkey, etc.
Token Abbreviation: BZZ
[Description of Fees]
The above fees include the cost of hardware, electricity, bandwidth, etc. for the first year (365 days after the launch of the Swarm mainnet). The contract term and the renewal fees will be announced after the launch of the Swarm mainnet.
The physical server sales plan will be announced separately after the Swarm main-net is launched and the hardware configuration is determined.
Technical service fee: 20% (deducted directly from the revenue after the Swarm mainnet is launched)
[Revenue Distribution]
GAS Fee: After Swarm mainnet is launched, a certain amount of ETH will be consumed as GAS fee to deploy ERC20 Smart Contract for nodes, cashing cheques, and transferring funds. The GAS fee is currently not set and will be charged when the mainnet is launched.
Stake Token: After the Swarm mainnet is launched, BZZ may be staked, and the Stake Token will be afforded by the customer.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. XT will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
XT.COM reserves the right, at its discretion, to change, modify, or remove portions of the announcement at any time by posting the amended version on the website with or without notice.
Thank you for your support!
XT.COM Team
June 24, 2021
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