Swarm price
BZZ
BZZ

Swarm price

$0.30884
-$0.00530
(-1.69%)
Price change from 00:00 UTC until now
USDUSD
USD
1h
24h
1W
1M
1Y
All

Swarm market information

Market cap
$19.49M
Circulating supply
63,149,438 BZZ
Market cap ranking
254
24h high
$0.34015
24h low
$0.30804
All-time high
$22.0000

Swarm price performance in USD

The current price of Swarm is $0.30884. Since 00:00 UTC, Swarm has decreased by -1.69%. 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 $19.49M. At present, Swarm holds the 254 position in market cap rankings. The Swarm/USD price is updated in real-time.
Today
-$0.00530
-1.69%
7 days
-$0.02096
-6.36%
30 days
-$0.08096
-20.77%
3 months
-$0.15566
-33.52%

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
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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 cryptocurrency platform. OKX’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 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 Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

How much is Swarm worth today?
Currently, one Swarm is worth $0.30884. 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.