Question 1

What is SWAN?

Accepted Answer

SWAN is the token of the Swan Chain ecosystem. The 2024 white paper designs it as a token for ecosystem interactions and quantifying the cost of computing resources; holding SWAN does not mean holding shares or assets of the project company, or receiving dividends. A token's network utility must be distinguished from corporate equity: even if a network rule allows tokens to participate in resource use or network functions, it does not automatically create a claim on company revenue, asset distributions, or redemption.

Question 2

Why does SWAN have both an Ethereum L1 and a Swan Chain L2 version?

Accepted Answer

Official network materials list both the SWAN L1 contract on Ethereum mainnet and the bridged SWAN L2 contract on Swan Chain. They are on different chains and have different contract addresses; wallet balances and transfer records also exist separately on their respective networks. Before receiving, depositing, or transferring out, first confirm the network required by the counterparty, then verify the official contract address for that network. The name or ticker alone cannot determine whether the destination is compatible.

Question 3

What needs to be prepared before transferring or using SWAN on Swan Chain?

Accepted Answer

Swan Chain mainnet has chain ID 254, and the native currency symbol listed in official materials is ETH. Therefore, initiating transactions on this chain generally requires ETH to pay on-chain transaction fees, rather than fees being automatically deducted from the SWAN balance. SWAN's ecosystem utility and network Gas are at different levels: before operating, users need both SWAN on the correct network and ETH available on that network for transaction fees.

Question 4

How should SWAN's supply be understood?

Accepted Answer

The white paper sets SWAN's total supply at 1 billion tokens. This is a total-supply description in the token design; it does not equal the circulating supply, tradable amount, or unlocked amount at any particular time. The white paper links the token design to ecosystem use, resource incentives, and network functions; current issuance, distribution, or unlock status cannot be inferred from total supply alone.

Question 5

Does holding SWAN mean owning equity in Swan Chain or rights to its returns?

Accepted Answer

No. The white paper explicitly states that SWAN does not represent company equity, rights in assets, or dividend rights; holding it does not itself constitute a right to the project party's revenue, asset distributions, or redemption. Even where the white paper discusses network functions, participation, or governance, such protocol-layer arrangements should be understood separately from company ownership.

Question 6

What practical differences are there between bridged SWAN and SWAN on Ethereum?

Accepted Answer

Bridged L2 SWAN is a token representation deployed on Swan Chain, while L1 SWAN is on Ethereum mainnet; their networks and contracts differ. Moving across networks is not an ordinary same-chain transfer and should use a bridging process that matches the target network. When operating, first specify the source chain and target chain, and verify the transaction status and contract addresses on the source and target networks respectively before and after completion.

Question 7

Does SWAN involve network governance?

Accepted Answer

The 2024 white paper proposed a design in which staked token weight participates in proposals and voting on network functions, including network functions, upgrades, or parameters. This is a mechanism concept in the white paper, not a commitment that the feature is open in all periods. If relevant rules are implemented, eligibility, staking requirements, voting weights, and execution conditions should be governed by the network rules then in effect; this is not equivalent to participating in the project company's operational management.

Question 8

Can rewards be earned simply by holding SWAN?

Accepted Answer

The white paper designs SWAN as an incentive tool related to ecosystem use, activity, or contribution, but merely holding SWAN does not mean automatically receiving fixed rewards. Receiving incentives is contingent on the behavior, eligibility, and settlement conditions defined by the rules actually in effect. The incentive logic in the white paper cannot by itself prove that a particular reward program currently exists, nor can it guarantee reward amounts, frequency, or returns.

Question 9

What basic risks should be noted when using or holding SWAN?

Accepted Answer

Basic operational risks include confusion among L1, L2, and contract addresses; initiating transactions on Swan Chain also requires ETH for Gas. The white paper does not guarantee SWAN's value, liquidity, or third-party market availability. Price and tradability may be affected by factors including market demand, network development, technology, and regulation.

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