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Tokenomics
Expanding the Grid
ThreeFold is now entering the expansion phase of the grid. We are expanding the grid to millions of nodes and to achieve this bold goal, we are launching the INCA token, the continuation of the ThreeFold Token, TFT. TFT has been with us for years, helping us build the most advanced and complete decentralized cloud engine out there.
The technology is rock solid and has been tested for years on mainnet. It is now time to enter the new expansion phase of ThreeFold, where we ensure with the INCA token that the grid can expand to millions of nodes and where liquidity is optimal thanks to an innovative, fiat-ready and cross-chain marketplace.
Comprising more than 70% of TFT to the community, the INCA tokenomics ensure that the project can expand organically and provide all the resources needed for the ThreeFold community members to thrive and build. The INCA release will ensure a fair and resilient distribution.
INCA Token
The ThreeFold INCA tokenomics for the ThreeFold Grid 4.0 has been designed to promote a thriving ecosystem of cloud users, farmers, and validators. It presents a robust liquidity strategy that ensures seamless transfers and secure transactions within our cloud marketplace. Furthermore, by allocating 40 million tokens for farming grants, we're empowering individuals and organizations to contribute to the grid's growth and development.
Our proof-of-utilization rewards system distributes 80% of rewards to farmers who contribute their resources to the grid, ensuring that they're fairly compensated for their participation. Additionally, 10% of rewards are allocated to the ThreeFold Cooperative and 10% to validator commercial partners, promoting a collaborative and mutually beneficial ecosystem. 100% of the proof-of-capacity rewards go to the farmers hosting nodes on the grid.
flowchart TD
A[Cloud User] -->|CHF/EUR/...| B(CLOUD MARKET PLACE<br>Discount based on position<br>in TF Liquidity Pool.)
A[Cloud User] -->|CHF/EUR/...| B2((ThreeFold<br>Liquidity Pool))
B2 -->|TFT or INCA| B
B -->|TFT or INCA| C{Proof Of Utilization}
G[FARMING GRANTS<br>40m Tokens / Month]--> I{Proof Of Capacity<br>uptime, location, ...} --> D
C -->|80%| D[ThreeFold Farmers]
C -->|10%| E[ThreeFold Cooperative]
C -->|10%| F[Validators<br>Commercial Partners]
Distribution
The ThreeFold INCA token distribution is carefully crafted to ensure a major allocation to the community. There can never be more than 4 billion tokens.
By prioritizing community growth, we're creating a collaborative environment where everyone can benefit from their contributions and participate in the project's success. This balanced distribution ensures that a significant amount of tokens is dedicated to the community, creating opportunities for growth and development within our ecosystem.
Here is a detailed version of the distribution:
- 55%: Farmers and Tech
- People expanding the network with Router & Node capacity over the multiple releases
- 18.1%: Farmers & Tech ThreeFold Grid 1-3 (+95% minted, summer 2024)
- 36.9%: Farmers ThreeFold Grid 4+ (0% minted, summer 2024)
- 7.5%: Community Expansion Rewards
- Promotion of the TFGrid, Marketing Activities, ...
- 7.5%: Grants
- We want to expand and build our project together with the community
- 3.8%: Liquidity Providing
- DEX, Exchanges, etc.
- 2.5%: ThreeFold Treasury
- 11.3%: Investors
- 12.5%: Team
Do note this table is still under deliberation and can change
Release Schedule
The INCA token release schedule is designed to balance the needs of different stakeholders, ensuring that everyone has access to their allocated tokens in a predictable and reliable manner.
Investors will receive their tokens over two years, with equal tranches released at regular intervals. Farmer rewards will be released over three years, incentivizing contributors to continue building and growing the grid. Ecosystem rewards will follow a similar schedule, with token releases spanning four years to promote collaboration and participation within the community.
By releasing tokens in this predictable manner, we're creating an environment where everyone can contribute and benefit from their participation in the ThreeFold Grid 4.0.
This leads to following maximum unlocking table
The vesting accelerates if the token price gets above 0.5 USD, for each 0.1 USD above additional 10% unlocks into the INCA Liquidity pool.
Thanks to the liquidity pool, the price remains stable even if people decide to chose the option to unvest faster.
TFT to INCA
TFT holders can go to INCA based on following rules
- There is 1-1 relationship between TFT and INCA
- TFT can only go to INCA not back.
- There is vesting implemented over 2 years
- TFT becomes INCAG token where the INCAG token has the following properties:
- INCAG gives a given amount of INCA to be minted over 2 years
- The distribution is of equal parts per month
- The acceleration unlock rules are:
- 10% when INCA token hits 0.5 USD longer than 1 month avg out
- 10% when INCA token hits 0.6 USD longer than 1 month avg out
- This logic goes on 10% for each additional 0.1 USD increase until it reaches 100%
Get INCA Tokens
There are only two ways to get INCA tokens.
- You can reserve an INCA node to be among the first farmers out there to farm newly minted INCA.
- You can farm the remaining TFT on ThreeFold Grid V3 and convert them to INCA with a one-to-one correspondance.
Unlocking a Whole Ecosystem
The INCA token allows anyone to access the ThreeFold Grid, to deploy cloud and AI workloads and to benefit from the Augmented Collective Intelligence of ThreeFold: make use of AI assistants to gather the power of LLM technology. Become smarter and more effective at everything you do by unlocking the power of AI.
Launching Soon
The INCA token is launching soon, by the end of the year or in early 2025.
With the ThreeFold Grid V4, you will be able to deploy cloud and AI workloads on the grid, in more than 60 countries, over the quantum safe network Mycelium. You will be able to farm INCA nodes, offering cloud, AI and network resources to the world.
Be among the first farmers to mint the new INCA tokens by reserving your INCA nodes.