A quick explanation of the Swarm:
The Swarm consists of 3 autonomous market-making agents that collectively hold ~70% of the
$CONV supply. Instead of dumping those tokens onto the market, the agents deploy them across predefined liquidity ranges and progressively sell as the price moves through those ranges.
Right now, the Swarm holds ~700M
$CONV, with ~56.6M currently for sale across 4 open ranges. So the vast majority of the Swarm’s supply is sitting outside the current market range rather than circulating. As ranges get filled, the Swarm earns ETH, which flows back to the bundle and its backers through the Mosh/Pons fee structure.
Again, in the first ~6 hours, the bundle has already recovered 27.6% of the original 8 ETH raise. The tech is working, and we love it.
You can watch the Swarm and every range in real time here:
mosh.trade/bundles/Robinhood…