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- Based on working minting_plan repository - Configured for threefold.info/economics deployment - Added ops documentation for server deployment - Updated baseUrl and URL configuration
276 lines
10 KiB
Markdown
276 lines
10 KiB
Markdown
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sidebar_position: 2
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---
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# Implementation & Roadmap
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:::info Community Update
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This page shares what we know **right now** about the implementation status and roadmap. We're committed to transparency with the community, even when some details are still being finalized. More information will be shared as it becomes available.
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**Join the discussion**: Share your feedback in the [forum thread](https://forum.threefold.io/t/tft-minting-transition-plan-community-e-book/4647).
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:::
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## Current Status Overview
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We're making significant progress on multiple fronts to deliver a sustainable, farmer-friendly ecosystem. Here's where we stand on the key components mentioned in our recent community discussions.
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---
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## Token Economics: Proposed Solution
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We've designed a comprehensive solution to the token economics challenge. The mechanisms are described in this e-book:
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- **Dual Token System**: TFT (tradable) and Cloud Credits (stable utility) - [Learn more](/core-concepts/token-system)
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- **Controlled Liquidity**: Dutch auction mechanism prevents dumping - [Details](/core-concepts/dutch-auction-exit)
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- **Fair Distribution**: Position-based pools reward long-term commitment - [Read more](/core-concepts/position-based-lp)
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The system is designed and ready for implementation with the marketplace features below.
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---
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## Marketplace Implementation 🚧
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### Stable Cloud Credit Currency
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**Status**: Design Complete | Implementation in Progress
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Cloud Credits (CC) provide the stable utility currency needed for day-to-day operations:
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- **Peg**: 1/1000 gram of gold (~$0.128 USD as of Oct 2024)
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- **Purpose**: Predictable pricing for farmers and users
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- **Acquisition**: Users convert TFT to CC at a fixed rate or purchase with fiat
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- **Stability**: No exposure to TFT market volatility for service pricing
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### Farmer Price Setting Capability
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**Status**: Coming Soon
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Farmers will be able to set their own pricing for capacity:
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- **Flexible Pricing**: Set competitive rates for your node's resources
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- **Market-Driven**: Respond to demand and differentiate your offerings
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- **Integration**: Works alongside ThreeFold's standard bid packages
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- **Transparency**: Clear pricing visible to potential customers
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:::note
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This feature is being designed to balance farmer autonomy with marketplace consistency.
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:::
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### 80% Revenue Share Model
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**Status**: Confirmed | Implementation in Progress
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The revenue distribution is farmer-first:
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- **80% to Farmers**: Directly compensates capacity providers
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- **10% Burned**: Reduces TFT supply, supporting token value
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- **10% to ThreeFold**: Funds ongoing development and operations
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This model ensures farmers receive the majority of revenue generated from their infrastructure.
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### Slices Implementation
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**Status**: Designed | Implementation in Progress
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The slices system provides better node partitioning:
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- **Resource Packaging**: Nodes divided into standardized "slices" of compute capacity
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- **Efficient Utilization**: Better matching of user needs to available resources
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- **Clear Pricing**: Each slice has defined resources and pricing
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- **Flexible Scaling**: Users can consume exactly what they need
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This is part of the TFGrid v4 rollout. See the [Node Economics section](/node-economics/slices-overview) for detailed specifications and pricing.
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---
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## Bidding & Capacity Marketplace
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### Capacity Bidding (vast.ai Model)
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**Status**: Coming Soon
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A marketplace where users can bid on capacity and farmers can accept offers:
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- **Demand-Driven**: Users post requirements and budget
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- **Competitive**: Farmers compete to provide best value
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- **Transparent**: Clear matching between needs and offerings
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- **Flexible**: Supports both standard and custom configurations
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### Income Clarity for Farmers
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**Status**: Documentation Complete | Tools in Development
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We're providing clear visibility into farmer economics:
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- **Pricing Calculators**: Estimate income based on node specs - See [pricing models](/node-economics/pricing-model)
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- **Revenue Projections**: Min/max income scenarios documented
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- **Cost Transparency**: Hardware costs amortized over 5-year lifespan
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- **ROI Models**: Clear break-even and profit projections
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The [Node Specifications](/node-economics/node-specifications) page provides detailed income projections for various node configurations.
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---
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## Dutch Auction Liquidity Pool
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**Status**: Design Complete | Smart Contract Development in Progress
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The controlled liquidity mechanism that protects the ecosystem:
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- **Exit Controls**: Maximum 50% of contributed liquidity can exit via auctions
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- **Fair Pricing**: Market-driven clearing price ensures fairness
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- **Pool Protection**: Minimum discounts maintain pool sustainability
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- **Margin Redistribution**: Remaining LPs benefit when others exit
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Read the full [Dutch Auction Exit Mechanism](/core-concepts/dutch-auction-exit) for details.
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## Infrastructure Development
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### Kubernetes Cloud
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**Status**: Complete ✅
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The Kubernetes cloud is operational and uses TFT underneath:
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- **Production Ready**: Deployed and available for workloads
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- **TFT-Powered**: Runs on the token economics described in this plan
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- **Waiting On**: Marketplace features above before major marketing push
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### TFGrid v4 & ZOS v4
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**Status**: Development Phase | 2-3 Months to Production
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The next generation of ThreeFold Grid infrastructure:
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- **Timeline**: 2-3 months until production-ready
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- **Current**: v3 remains operational and available
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- **Improvements**: Enhanced performance, better resource management
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- **Compatibility**: Smooth migration path from v3
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:::caution Interim Period
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For immediate deployments, TFGrid v3 remains fully supported and operational.
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:::
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### High-Performance Nodes & GPU Expansion
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**Status**: Actively Working On It 🔨
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We're expanding the network with quality infrastructure:
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- **Goal**: More high-quality, high-performance nodes
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- **Priority**: Significantly more GPU capacity for AI workloads
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- **Partnerships**: Working with hardware providers and farmers
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- **See**: [Certified nodes coming Q4 2025](/node-economics/node-specifications#certified-nodes-q4-2025) including dedicated AI configurations
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## End-User Applications
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**Status**: Teams Working On It 🚀
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Applications being built on top of TFGrid:
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- **Purpose**: Give distribution channels something to sell
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- **Development**: Multiple teams actively building
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- **Integration**: Leveraging the Kubernetes cloud and marketplace
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- **Timeline**: Coordinated with marketplace readiness
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:::info
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Specific applications and partners will be announced as they reach appropriate milestones.
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:::
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---
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## Market Questions & Offtakers
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### Who Are the Offtakers?
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We're in discussions with several potential high-volume customers, but cannot share specific names at this stage due to:
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- **Confidentiality agreements** during negotiation phases
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- **Competitive sensitivity** in the cloud services market
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- **Deal contingencies** that haven't been finalized
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### Why Can't We Share Details Yet?
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Standard business practice in enterprise sales:
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- Partners often require NDAs until public announcements
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- Premature disclosure can jeopardize negotiations
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- We want to announce confirmed commitments, not speculative discussions
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### How Much Capacity Will They Take?
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This depends on:
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- **Marketplace readiness**: Features listed above need to be live
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- **Network capacity**: Sufficient GPU and high-performance nodes
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- **Application maturity**: End-user apps that drive demand
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- **Pricing competitiveness**: Market rates for comparable services
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:::note Transparency Commitment
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We will share offtaker information and capacity commitments **as soon as commercially appropriate**. This community's trust matters to us, and we're balancing transparency with business realities.
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:::
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---
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## What This Means For You
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### For Farmers
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- **Stable Income**: CC-based payments protect against TFT volatility
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- **Clear Economics**: Documented pricing and income projections
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- **Fair Compensation**: 80% revenue share
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- **Protected Value**: No more unlimited TFT dumping harming token price
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- **Controlled Exits**: Dutch auction provides liquidity when revenue enters system
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### For TFT Holders
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- **Token Protection**: Minting controls prevent dilution
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- **Value Accrual**: 10% burn mechanism
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- **Upside Preserved**: TFT remains tradable with growth potential
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- **Fair System**: Position-based pools reward early and long-term supporters
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### For Users
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- **Predictable Pricing**: CC pegged to gold provides stability
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- **Quality Infrastructure**: Focus on high-performance, GPU-enabled nodes
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- **Mature Platform**: Kubernetes cloud ready, v4 improvements coming
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- **Growing Ecosystem**: Applications and services launching on TFGrid
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## Timeline Summary
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| Component | Status | Timeline |
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|-----------|--------|----------|
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| Token Economics Design | ✅ Designed | Awaiting implementation |
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| Slices System | 🚧 Designed | Part of TFGrid v4 |
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| Kubernetes Cloud | ✅ Running | Now |
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| Dutch Auction Mechanism | 🚧 In Development | Q4 2024 |
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| Marketplace Features | 🚧 In Development | Q4 2024 - Q1 2025 |
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| TFGrid v4 / ZOS v4 | 🚧 In Development | 2-3 months |
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| GPU Node Expansion | 🔨 Active Effort | Ongoing |
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| End-User Applications | 🔨 Active Development | Q1-Q2 2025 |
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| Offtaker Announcements | 🔒 Under NDA | When commercially ready |
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:::tip Stay Updated
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Join the discussion and get the latest updates as implementation progresses:
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- [Forum Discussion Thread](https://forum.threefold.io/t/tft-minting-transition-plan-community-e-book/4647)
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- [Community Call](https://bit.ly/tfcommunitycall)
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- [Telegram](https://t.me/threefoldfarmers)
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:::
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---
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## Next Steps
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1. **Review the Core Concepts**: Understand the token mechanics that solve the sustainability challenge
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2. **Explore Node Economics**: See concrete examples of farmer income with the new system
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3. **Join the Discussion**: Share feedback, ask questions, help refine the details
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4. **Stay Engaged**: Implementation updates will be shared regularly through community channels
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This is a collaborative journey. Your input helps shape the final implementation to serve the entire ThreeFold ecosystem.
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