$SWAN Strategy Update

Sometimes we have to face, acknowledge, and work through hard truths to reach new escape velocity.

After a strong launch into an eager market, $SWAN quickly hit headwinds. Poor accounts payable timing combined with a turning market and a treasury held in a single asset (SOL) created a perfect storm that severely constrained resources. This reality meant that ambitious growth efforts were difficult to sustain, and over time, key activity metrics waned to a crawl. The dispersion of contributors to new projects was a natural and necessary consequence of these limited resources, as the team adapted to a challenging financial landscape.

But where others might see an end, $SWAN sees an opportunity for a strategic pivot. The key is to commit fully to a rising tide, and that tide is the Solana Seeker phone. With over 150,000 units sold, the Seeker phone has created a highly engaged, crypto-native, and risk-tolerant audience – a perfect target for a project seeking to provide high SOL beta.

The strategy is simple and focused: become the core community token for the Seeker ecosystem, much like $BONK served the broader Solana developer community post-FTX. $SWAN will leverage its substantial treasury of 140 million tokens not as a catalyst for growth.

To bring this vision to life, $SWAN is launching a three-step execution plan. 

The first step is to realign all communications, design assets, and marketing materials to fully embrace the new Seeker-focused narrative. 

Second, the project will establish the $SWAN Seeker Fund (SSF).* This fund will distribute portions of the treasury as grants to external developers and teams building applications for the Seeker phone. This turns the constraint of limited internal resources into an ecosystem-first approach, empowering a community of builders to create value. 

Finally, the project will move into the distribution phase, promoting the SSF widely to attract talent and support the development of these new applications. By positioning itself as a basket for exposure to the top upcoming projects, $SWAN aims to create a powerful network effect of distributed growth, building a future on a foundation of hard-won lessons.

Expect to hear more updates regarding the execution plan later. If you would like to contribute to the future of $SWAN, please reach out to us via the Telegram.

* $SWAN Seeker Fund is not a fund, pooled investment vehicle, or investment company as defined by the Investment Company Act of 1940. The product is provided and fully funded by Number Go Up Technologies, LLC. The term "$SWAN Seeker Fund", “SSF”, and all references to the word "fund" are used exclusively as a name for a DeFi liquidity program. Furthermore, $SWAN Seeker Fund is not a collective investment undertaking as defined by the European Union's Undertakings for Collective Investment in Transferable Securities (UCITS) Directive or the Alternative Investment Fund Managers Directive (AIFMD). The program has not been registered or authorised as a fund, and no passporting or marketing notifications have been filed with any EU national competent authority.