BZZ

Swarm price

BZZ
USD
USD
$0.41877
-0.22%
1h
24h
1W
1M
1Y
All

Swarm price live data

The current price of Swarm is $0.41877. Since 00:00 UTC, Swarm has decreased by -0.21%. 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 $26.44M. At present, Swarm holds the 215 position in market cap rankings. The Swarm/USD price is updated in real-time.

Swarm price performance in USD

Time periodChange amount%Chg
Today-$0.00090 -0.22%
7 days$0.064471 +18.19%
30 days-$0.03843 -8.41%
3 months-$0.07873 -15.83%

Swarm market information

24h low/high
The highest, lowest, and last prices in 24 hours
24h low$0.40777
Last price $0.41877
24h high$0.42587
Heat index ranking
131
Market cap ranking
215
Market cap
$26.44M
Favorited rate
Percentage of users who favorited this asset to all users
1.50%
All-time high
$22.0000
-98.10% (-$21.5812)
Jun 22, 2021 (3 years ago)
All-time low
$0.20640
+102.89% ($0.21237)
Sep 14, 2023 (8 months ago)
ICO date
06/21/2021
ICO price
The price at which this crypto was first traded
$1.9200
Circulating supply
The amount of this crypto that is publicly available in the market
63,149,438 BZZ
Market cap at circulating supply
Market cap = Circulating supply × Last price
$26.44M

About Swarm (BZZ)

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

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.

Where can I buy BZZ tokens?

Easily buy BZZ tokens on the OKX TR cryptocurrency platform. OKX TR’s spot trading terminal includes the BZZ/USDT trading pair.

You can also buy BZZ with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for BZZ with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into BZZ, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.