There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from China are getting prepared to obtain rewards from the distributed storage platform and content distribution service.
Swarm Preps to Launch Mainnet and Native Token BZZ
This Sunday, the anticipated Bee mainnet launch is supposed to happen according to a blog post published by the Swarm Foundation. The Swarm project details can be found on ethswarm.org which details that Swarm is a distributed storage platform and content distribution service that leverages an ethereum web3 stack.
Here is a detailed video showing our friends in #China how to install a Bee node. Install your Bee node, become a part of the network and take part 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 rewarding decentralized storage and transactions. There’s an abundant quantity of info on Swarm and BZZ on the web, but the team has also published a compendium on the subject called the “Book of Swarm.”
We are getting closer to mainnet launch; BZZ token has not been deployed or distributed yet. Private buyers are not allowed to pledge the token before mainnet launch. 1/5
— Ethereum Swarm (@ethswarm) May 18, 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. Just recently, reports stemming from China indicate that Swarm is becoming very popular in the region and Filecoin and Chia miners are preparing to join Swarm’s network.
Chinese Journalist Says Swarm Popularity in China ‘Based on Belief’
Regional reporter and 8btc contributor Priyeshu…