123 lines
5.6 KiB
Markdown
123 lines
5.6 KiB
Markdown
---
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sidebar_position: 1
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description: Learn about the ThreeFold V4 tokenomics.
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---
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# Tokenomics
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INCA is our utility like token empowering the ThreeFold Grid.
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Farmers generate **IN**ternet **CA**pacity and earn INCA tokens:
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- **Proof of Capacity**
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- Substantian rewards are available to farmers for providing capacity in strategic locations in the world.
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- **Proof of Utilization**
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- 90% of the INCA as used to buy the Internet Capacity goes to Farmers and their Farming Pools.
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Users use INCA tokens to deploy web solutions on top of the ThreeFold Grid.
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- It is compatible with any AI, Web2, Web3 and Web4 solution.
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## INCA = **IN**ternet **CA**pacity
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The **INCA token** allows anyone, anywhere, to access the ThreeFold ecosystem.
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- **ThreeFold** is a self-healing data, network, and cloud Internet infrastructure laying the foundation for Web4.
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- It is composed of nodes, routers, and phones, all connected to the **ThreeFold Grid** and compatible with the current Internet.
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### Technology and Tokenomics
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- The technology behind ThreeFold is **rock solid**, tested for years on mainnet. With INCA, we now enter the expansion phase to grow the grid to millions of nodes.
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- **Liquidity optimization** is a key goal, enabled through an innovative, fiat-ready, and cross-chain marketplace.
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- Over **70% of the INCA supply** is allocated to the **community**, ensuring that the INCA tokenomics supports **organic expansion** and provides resources for ThreeFold community members to thrive and build.
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- The **INCA release** guarantees a **fair and resilient distribution**, fostering a strong and sustainable ecosystem.
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ThreeFold V4, powered by INCA, represents a transformative step toward a decentralized, scalable, and resilient future for the Internet. Together, we are building the foundation for **Web4**.
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## Basics of the Tokenomics
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### Distribution
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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.
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> The tokens are released over 10 years to the benefit of the community.
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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.
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```mermaid
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pie
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"Farmers and Tech": 60
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"Community Expansion Rewards": 5
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"Grants": 5
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"Liquidity Providing": 2.5
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"ThreeFold Treasury": 3.8
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"Investors": 11.3
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"Team": 12.5
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```
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- **60%: Farmers and Tech**
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- People expanding the network with Router & Node capacity over the multiple releases
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- 19.4%: Farmers & Tech ThreeFold Grid 1-3 (+95% minted, Nov 2024)
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- 40.6%: Farmers ThreeFold Grid 4+ (0% minted, Nov 2024)
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- **5%: Community Expansion Rewards**
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- Promotion of the TFGrid, Marketing Activities, ...
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- **5%: Grants**
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- We want to expand and build our project together with the community
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- **2.5%: Liquidity Providing**
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- DEX, Exchanges, etc.
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- **3.8%: ThreeFold Treasury**
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- **11.3%: Investors**
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- **12.5%: Team**
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> Do note this table is still under deliberation and can change.
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## INCA Token
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The ThreeFold INCA tokenomics for ThreeFold has been designed to promote an active ecosystem of cloud users, farmers, and validators.
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It presents a robust liquidity strategy that ensures seamless transfers and secure transactions within our cloud marketplace.
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> Farming and rewards are made available over 10 years.
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The proof-of-utilization rewards are distributed in a simpler manner:
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- 80% goes to the farmer hosting the node
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- As a reward to provide resources to users
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- 10% goes to the Farming Pool
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- As a reward to provide support, SLA, etc.
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- There can be farming pools which maintain other split (its up to farmers to select their famingpool)
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- 10% to ThreeFold, Guardians, Validators
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- As a reward to host, stabilize and secure the grid
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The following chart provides an overview of the INCA ecosystem:
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```mermaid
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flowchart TD
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A[Cloud User] -->|CHF/EUR/...| B(CLOUD MARKET PLACE<br>Discount based on position<br>in TF Liquidity Pool.)
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A[Cloud User] -->|CHF/EUR/...| B2((ThreeFold<br>Liquidity Pool))
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B2 -->|TFT or INCA| B
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B -->|TFT or INCA| C{Proof of Utilization}
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G[FARMING GRANTS<br>40m Tokens / Month]--> I{Proof of Capacity<br>uptime, location, ...} --> D
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C -->|80%| D[ThreeFold Farmers]
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C -->|10%| E[Farming Pool]
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C -->|10%| F[ThreeFold, Guardians, Validators]
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```
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### Expansion Phase of the Grid
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ThreeFold is now entering the **expansion phase** of the grid, aiming to grow to millions of nodes. To achieve this bold goal, we are launching the **INCA token**, the continuation of the **ThreeFold Token (TFT)**:
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- **TFT**, capped at 1 billion tokens, has supported us for years, enabling the development of the most advanced and complete decentralized cloud engine.
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- Our new token, **INCA**, continues TFT's legacy. Each TFT can be converted into INCA on a **1:1 basis**, with **vesting over 18 (might become 24) months**.
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- **INCA** is our **DePIN token** (Decentralized Physical Infrastructure Network) that will fund the expansion to a planetary scale.
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> **Note:** Currently, TFT is available on Stellar, Ethereum, BNB Smart Chain and TFChain. Soon, we will implement a bridge to Solana. TFT reflects the foundational work of the existing ThreeFold Community. **INCA** serves as our launch token for potentially one of the largest and most meaningful projects in the DePIN space. |