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Merge pull request #424 from threefoldfoundation/development

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Edits to INCA blog
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id: project_inca
title: "Project Internet Capacity: ThreeFold's Next Chapter"
image_caption: technology
description: Introducing Project Internet Capacity (INCA), the fourth generation of ThreeFold's Grid, and our exciting entry into the DePIN ecosystem.
description: Introducing the Internet Capacity Project, the fourth generation of ThreeFold's Grid, and our exciting entry into the DePIN ecosystem.
date: 2024-06-11
taxonomies:
people: [bernadette_amanda_caster]
@@ -17,101 +17,84 @@ ThreeFold’s journey over the past years has been one of deep, collaborative co
### **Meet Project Internet Capacity**
We are thrilled to introduce Project Internet Capacity (INCA), a promising new extension of our mission. Building on years of dedicated work by team and community, Project INCA is the fourth generation of the ThreeFold Grid and introduces the INCA token (more on that below). Project INCA is commercially-focused and aims to be a base layer for the DePIN ecosystem.
We are thrilled to introduce the Internet Capacity project, a promising new extension of our mission. Building on years of dedicated work by team and community, this project is the fourth generation of the ThreeFold Grid and introduces the $INCA token (more on that below). With this project, ThreeFold is ready to become a base layer for the DePIN ecosystem.
<br/>
On [our most recent project update community call](https://youtu.be/tXELhKk9RYg?si=fyz4K7gFQ1yD1PLS), we were grateful to hear from Michael Wellesley-Wesley, the founder of [Green Edge](https://green-edge.net/en) and prominent farmer on the ThreeFold Grid since 2017-2018, who introduced Project INCA to the community.
On [our most recent project update community call](https://youtu.be/tXELhKk9RYg?si=fyz4K7gFQ1yD1PLS), we were grateful to hear from Michael Wellesley-Wesley, the founder of [Green Edge](https://green-edge.net/en) and prominent farmer on the ThreeFold Grid since 2017-2018, who introduced the project to the community.
<br/>
Project INCA is rooted in three major objectives:
The Internet Capacity project is rooted in three major objectives:
<br/>
- **Growth:** Expanding the grid to a million nodes.
- **Reliability:** Achieving service levels that allow edge and AI workloads to run efficiently.
- **Community:** Establishing scalable community and communication systems for vast communities at both the farming and user levels.
- **Growth:** Expanding the grid to a million nodes in order to see out the vision of a truly global decentralized cloud infrastructure and ecosystem.
### **Mission and Vision**
As an extension of ThreeFold, Project INCA promotes a decentralized, community-driven, and inclusive cloud network, providing secure, private, and autonomous access to computing resources for all. The technology ensures a resilient, censorship-resistant infrastructure that protects data integrity and privacy, fostering innovation, digital sovereignty, and a more equitable internet.
As an extension of ThreeFold, the Internet Capacity project promotes a decentralized, community-driven, and inclusive cloud network, providing secure, private, and autonomous access to computing resources for all. The technology ensures a resilient, censorship-resistant infrastructure that protects data integrity and privacy, fostering innovation, digital sovereignty, and a more equitable internet.
<br/>
The vision is to provide a cloud engine for a decentralized internet where users control their data and digital interactions. A global network of interconnected servers and nodes known as the grid, will democratize access to computing power and storage, forming the backbone of a new digital era of sovereignty, security, privacy, and inclusivity. The token supports a robust ecosystem, enabling the free exchange of internet capacity among cloud service providers, builders, and users on the grid.
### **What to look forward to with Project INCA?**
### **What to Look Forward to with the Project?**
Project INCA introduces several exciting elements for farmers and users alike:
The project introduces several exciting elements for farmers and users alike:
<br/>
- Farmers will be able to earn on utilization as well as hosting rewards, and set their own competitive prices within certain limits
- The most significant technological advancement is the Mycelium network, offering unbreakable connectivity and efficient routing, which is crucial for scalability – including for any DePIN protocol or project running on top of our grid
- Hosts (farmers) will be able to earn on utilization as well as hosting rewards, and set their own competitive prices within certain limits
- A marketplace of capacity will make it easier for users to find and rent capacity
- To attract serious users at a commercial level, robust uptime and performance guarantees will be ensured through Service Level Agreements, KYC will be introduced for reliability, competitive pricing will keep customers happy, and simplified products and approach will make for a better user experience
- A quality-based reward system will motivate farmers to provide reliable service, while the flexible earnings model makes farming more appealing
- The most significant technological advancement is the Mycelium network, offering unbreakable connectivity and efficient routing, which is crucial for scalability
- To attract serious cloud customers at a commercial level, robust uptime and performance guarantees will be ensured through Service Level Agreements, KYC will be introduced for reliability, competitive pricing will keep customers happy, and simplified products and approach will make for a better user experience
- A quality-based reward system will motivate cloud hosts to provide reliable service, while the flexible earnings model makes hosting more appealing
- A new token will launch on a high profile blockchain
<br/>
All in all, there are a variety of elements coming together to ensure stakeholders throughout the ecosystem are happy.
All in all, there are a variety of elements coming together to ensure a sustainable and healthy ecosystem to grow decentralized cloud and Internet capacity around the world.
### **The Team Behind INCA**
### **The Team**
An experienced team has been put together for our DePIN launch. This team has a range of backgrounds and a collective understanding of how to bring forward the INCA token. We don't see INCA as a break from the past but simply a continuation of TFT in another form.
#### **The Team**
An experienced team has been gathered around our DePIN launch, complementing the existing core team members. This combination of talent has a range of backgrounds and a collective understanding of how the $INCA token can bring a strong ecosytem for all stakeholders. This will be the natural evolution and continuation of what has been built by the ThreeFold team and community until today.
- **Michael Wellesley-Wesley**: Team lead, co-founder of Green Edge and a long-time member of the farming community.
- **George Olver**: An expert in the DePIN space, providing day-to-day leadership.
- **Nick Hawkes and Max Gold**: Partners under [Gold Hawks](https://goldandhawks.com/), proficient in scaling tokens and deeply connected in the Solana community.
- **Nick Hawkes and Max Gold**: Partners under [Gold Hawks](https://goldandhawks.com/), proficient in scaling DePIN ecosystem and historically part of the Helium and Solana communities.
- **Quentin Issele**: Formerly of OKEx, specializing in liquidity and marketing.
- **Rob Beland**: Founder of [DePIN Connect](https://www.depinconnect.com/), with vast marketing and influencer connections.
- **Theo Chapman**: Managing Director of [Zonaris](https://zonaris.io), coordinating the group.
- **Theo Chapman**: Managing Director of [Zonaris](https://zonaris.io), coordinating execution within group.
- **Mariza Wellesley-Wesley**: A well-versed lawyer overseeing regulatory and legal aspects, co-founder of [Green Edge](https://green-edge.net/en).
- **Mike Wellesley-Wesley**: Co-founder of Green Edge and a long-time member of the farming community.
- **Sabrina and Mik**: Our vital connectors between the INCA and ThreeFold teams.
- **Sabrina Sadik and Mik Perrault**: Our vital connectors between the Internet Capacity and ThreeFold teams.
### **The $INCA Token**
Many questions have risen about the introduction of a new token to the ThreeFold ecosystem. $INCA should be seen as an extension of $TFT. It will co-exist with $TFT, both convertible and usable across TF Grid 3 and TF Grid 4. The primary differences are:
<br/>
This team is dedicated to delivering INCA as a successful extension of TFT alongside the launch of TF Grid 4.0.
- **Higher Profile**: $INCA will likely have a more prominent presence, especially on Solana.
- **Tokenomics**: $INCA will support app development, marketing, and community growth grants.
- **Max Cap**: Both tokens share a four-billion max cap, with $INCA providing an opportunity to double $TFT holdings (one $TFT converts to two $INCA).
### **The Launch on Solana**
### **Benefits for $TFT Holders**
A major focus is on the launch of the INCA token, most likely on the Solana blockchain, which is the most active and prominent blockchain for the DePIN ecosystem. The timing depends on securing sufficient funding for liquidity pools and market making, which is essential for a successful token launch.
### **The INCA Token**
Many questions have risen about the introduction of a new token. INCA should be seen as an extension of TFT. It will coexist with TFT, both convertible and usable across TF Grid 3 and TF Grid 4. The primary differences are:
For $TFT holders, the benefits are clear:
<br/>
- **Higher Profile**: INCA will likely have a more prominent presence, especially on Solana.
- **Tokenomics**: INCA will support app development, marketing, and community growth grants.
- **Max Cap**: Both tokens share a four-billion max cap, with INCA providing an opportunity to double TFT holdings (one TFT converts to two INCA).
### **Benefits for TFT Holders**
For TFT holders, the benefits are clear:
<br/>
- **Swapping**: Each TFT converts to two INCA (during 2024), enabling easy entry for token holders.
- **Market Presence**: INCA's launch in the DePIN sector on Solana positions it in a visible and attractive market.
- **Limited Supply**: The initial supply of INCA will be limited, which could drive demand and price up.
<br/>
ThreeFold continues as the open-source decentralized movement around version 3, and TFT remains the medium of exchange. How the project exists and evolves in a post-INCA world remains to be seen!
- **Swapping**: Each $TFT converts to two $INCA (during 2024), enabling easy entry for token holders.
- **Market Presence**: $INCA's launch in the DePIN sector on Solana positions it in a visible and attractive market.
- **Limited Supply**: The initial supply of $INCA will be limited, which could drive demand and price up.
### **Together We Build**
In conclusion, while INCA brings a new chapter, it is really a continuation, simplification, and amplification of the ThreeFold journey. We anticipate exciting developments as we prepare for the TF Grid 4.0 launch and the introduction of INCA. We are happy to address any questions you may have on [our forum](https://forum.threefold.io) or [our main chat](https://t.me/threefold), keeping in mind that we are still refining many aspects of this project.
In conclusion, while the Internet Capacity project brings a new chapter, it is really a continuation, simplification, and amplification of the ThreeFold journey. We anticipate exciting developments as we prepare for the TF Grid 4.0 launch and the introduction of the $INCA. We are happy to address any questions you may have on [our forum](https://forum.threefold.io) or [our main chat](https://t.me/threefold), keeping in mind that we are still refining many aspects of this project.
<br/>
Onward! Keep building, friends.
Onward! Keep building, friends.