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.
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.”
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.