Blackswan Network Launch and Stablecoin Announcement
Cryptocurrency markets are heavily correlated and full of downside tail risk. While there are many tokens competing to achieve the highest positive growth during these periods, virtually none of the projects plan for the opposite, extreme contraction during market cycles.
Blackswan maintains stability not only during market growth cycles but unleashes growth during contractionary market periods with the aim to move as an anti-fragile asset or uncertainty index.
Polygon / Matic Home Base And Launch
We are excited to announce that we have decided to host our initial distribution on the Matic / Polygon network. We believe that Polygon will give us access to the most diverse community possible due to its accessibility and reach.
Token distribution will be conducted in two parts, launchpad sale and staking distribution. This means that there will be plenty of time to gain access to $SWAN tokens without any central party or investor holding a large portion of the supply. We believe that the launchpad sale will be beneficial for the ecosystem as it will allow for substantial market liquidity directly at launch and a much larger community of investors. There will be a strict per-investor limit in the sale, to ensure a spread out distribution. To stay up to date make sure to join our Telegram and Follow Us On Twitter.
While Polygon will be the home base for $SWAN initially, we want to hedge our bets across chain by making Blackswan chain agnostic with chains like BSC and ETH mainnet gaining support over time.
Post-Launch Plans
At the time of writing this article, we are currently a team of 2 which you can find on the Blackswan website, however we plan on rapidly expanding the team, some of which will occur before launch. We are in the process of vetting 2 potential members who will help with many of the post launch ideas we outline below.
The Blackswan token has inherent utility and is valuable on its own, however we want to increase its robustness with the Blackswan ecosystem. $SWAN is unique in that instead of a passive revenue sharing model that many other DAO tokens utilize, $SWAN can store these funds in the Blackswan Fund. This means that the Blackswan Fund can become a central store of value receiving revenue from multiple sources within the ecosystem.
Blackswan Stablecoin $BVAL
There are many stablecoins competing to peg with the USD, however there lacks a token that competes to retain stable value. The $BVAL token does this by retaining an inflation adjusted value with increased capital efficiency.
When staking Blackswan, there is a large pool of stablecoin being used to provide liquidity. Currently with how Quickswap is setup, a majority of this capital will not be put to productive use.
The $BVAL token solves this by allocating stablecoin capital to different lending protocols such as AAVE, Sushiswap and Quickswap pools. This allows the stablecoin pool backing the $BVAL token to appreciate in value keeping the inflation adjusted peg. Any extra capital not needed to retain the peg can be siphoned into the Blackswan Fund increasing the value of the $SWAN token.
This stablecoin will become one of the main pillars to enter into the Blackswan ecosystem. Details are subject to change over time.
A full article on the $BVAL token will be released soon!
