The current price of Swarm is $0.38433. Since 00:00 UTC, Swarm has decreased by -6.92%. It currently has a circulating supply of 63,149,438 BZZ and a maximum supply of 63,149,438 BZZ, giving it a fully diluted market cap of $24.22M. At present, the Swarm coin holds the 255 position in market cap rankings. The Swarm/USD price is updated in real-time.
In the realm of cryptocurrencies, the idea of a fully decentralized digital society is a significant goal. Envisaging an automated landscape led by blockchain systems and smart contracts, this concept represents a potential shift in societal interactions with technology. While the complete realization of this vision is uncertain, projects like Swarm are actively working to bring aspects of this decentralized future to life.
What is Swarm
Swarm is a decentralized storage and communication framework catering to a sovereign digital society. Anchored by a self-sustaining economic system, it incorporates an incentive structure enforced through Ethereum-based smart contracts. This ensures users retain complete ownership of their data, aligning with fair data principles.
The Swarm team
The inception of Swarm's vision predates Ethereum, harking back to 2015. The project gained substantial traction in 2020 with the establishment of the independent Swarm Foundation. At its core is Victor Tron, a core Ethereum developer and a key figure in the project's foundation.
How does Swarm work
Swarm operates within an economically self-sufficient framework where data ownership is paramount. The system's architecture reinforces resilience against various challenges, including DDoS attacks, node churn, and connectivity disruptions. By fragmenting data into smaller units and distributing it across the network, Swarm averts vulnerable single points of attack, ultimately championing a robust and secure environment.
Swarm’s native token: BZZ
BZZ, the native cryptocurrency of Swarm, debuted in June 2021, boasting an uncapped supply. As of June 2023, its total supply is approximately 62.3 million, with a circulating supply of 49.4 million.
BZZ use cases
As the foundation of an incentive-driven ecosystem, BZZ serves as a reward token. By contributing bandwidth and storage capacity, node operators are rewarded proportionally. Moreover, the Swarm Network is actively nurturing a realm of decentralized applications (dApps), decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and more, all fueled by BZZ, thereby enriching the token's utility.
BZZ distribution
Swarm distributed its tokens in the following way:
50 percent sold in a token sale
24 percent set aside for ecosystem development, airdrops, grants, Layer 1 solutions infrastructure, and more
19 percent for present and future team members
7 percent to the protocol, network, and business development
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3K new posts about Swarm, driven by 1.2K contributors, and total online engagement reached 6.2M social interactions. The sentiment score for Swarm currently stands at 73%. Compared to all cryptocurrencies, post volume for Swarm currently ranks at 524. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Swarm.
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Posts
3,019
Contributors
1,179
Interactions
6,175,210
Sentiment
73%
Volume rank
#524
X
Posts
2,292
Interactions
2,577,088
Sentiment
63%
BZZ FAQ
What is Swarm (BZZ)?
Swarm (BZZ) is a decentralized storage and communication system. It establishes a self-sustaining economic structure through smart contracts on the Ethereum blockchain, while ensuring users retain ownership of their data.
What measures does Swarm employ to ensure security?
Swarm adopts an economically self-sustaining model that reinforces data ownership and resilience. It divides data into smaller units, distributing them throughout the network. This approach effectively counters threats like DDoS attacks, node churn, and connectivity challenges, establishing a secure ecosystem that safeguards decentralized data and prevents centralized access.
What is the BZZ price prediction?
While it’s challenging to predict the exact future price of BZZ, you can combine various methods like technical analysis, market trends, and historical data to make informed decisions.
How much is Swarm worth today?
Currently, one Swarm is worth $0.38433. For answers and insight into Swarm's price action, you're in the right place. Explore the latest Swarm charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Swarm, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Swarm have been created as well.
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