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dev2.threefold.io - FAQ on tokens need more context #65

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opened 2024-11-20 22:22:24 +00:00 by mik-tf · 4 comments
mik-tf commented 2024-11-20 22:22:24 +00:00
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Situation

  • we have

image

  • Proposition

"
TFT is our token which was used to build generation 1, 2 and 3 of the ThreeFold Grid capacity.

From the start, ThreeFold had 4 billion tokens planned. The ThreeFold community decided to stop minting at 1 billion tokens on Stellar via a DAO vote.

TFT is the reward for our loyal community. There can never be more than 1 billion TFT.

We are now building generation 4 of the ThreeFold Grid capacity, and we need a new token to build this new generation.

There will be 3 billion new INCA tokens and all TFT holders can transfer their TFT into INCA (one-way bridge). This means that we keep the community decision to have 4 billion tokens in total and to mint maximum 1 billion on Stellar.

Our partners will start selling new ThreeFold Nodes end Nov 2024 with a new reward scheme and ready to grow to millions of nodes.
"

@gosam @sashaastiadi @marionrvrn @despiegk

I think I have THE way to explain the whole story without too much words.

# Situation - we have ![image](/attachments/03894c85-d8e0-44a7-a501-3e492cfc2aee) - Proposition " TFT is our token which was used to build generation 1, 2 and 3 of the ThreeFold Grid capacity. From the start, ThreeFold had 4 billion tokens planned. The ThreeFold community decided to stop minting at 1 billion tokens on Stellar via a DAO vote. TFT is the reward for our loyal community. There can never be more than 1 billion TFT. We are now building generation 4 of the ThreeFold Grid capacity, and we need a new token to build this new generation. There will be 3 billion new INCA tokens and all TFT holders can transfer their TFT into INCA (one-way bridge). This means that we keep the community decision to have 4 billion tokens in total and to mint maximum 1 billion on Stellar. Our partners will start selling new ThreeFold Nodes end Nov 2024 with a new reward scheme and ready to grow to millions of nodes. " @gosam @sashaastiadi @marionrvrn @despiegk I think I have THE way to explain the whole story without too much words.
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mik-tf added this to the Website & Wiki Project 2025 (MOVED & ARCHIVED) project 2024-11-20 22:22:32 +00:00
mik-tf changed title from FAQ on tokens need more context to dev2.threefold.io - FAQ on tokens need more context 2024-11-20 22:51:06 +00:00
mik-tf commented 2024-11-21 21:10:52 +00:00
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@marionrvrn can you check? I think we can't say it as it is now on the dev2.threefold.io

@marionrvrn can you check? I think we can't say it as it is now on the dev2.threefold.io
mik-tf commented 2024-11-22 21:41:16 +00:00
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@despiegk

@despiegk
sashaastiadi commented 2024-11-25 14:02:02 +00:00
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i have no say on this one, @marionrvrn ill assign to you then i can update the faq texts

i have no say on this one, @marionrvrn ill assign to you then i can update the faq texts
sashaastiadi commented 2024-11-25 16:01:26 +00:00
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done updated

done updated
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sashaastiadi modified the project from Website & Wiki Project 2025 (MOVED & ARCHIVED) to OW Website & Wiki Project 2025 2025-03-20 14:22:44 +00:00
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Reference: ourworld_web/circle_web_presence#65
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