info_tfgrid/collections/solana/theplan_b.md

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2024-04-09 21:03:11 +00:00
![alt text](theplan.png)
# Plan B
Simple model where TFT can convert into INCA.
## Tokens
- 1 TFT -> 3 INCA
- the mechanism in which this happens needs to be defined
- max 4 billion INCA
## How to go from TFT to INCA
> please note TFT will keep its own purpose, TFT can be used to buy/sell IT capacity (compute, storage, network). INCA is a new token made for the DePIN space, TFT holders can voluntary choose to go from TFT to INCA.
- mechanism hasn't been defined yet
- there might be conditions to conversion
- vesting?
- requirement to put some cash in a liquidity pool?
- others?
## the 1 billion INCA = airdrops/rewards for
- promotion
- technical achievements
- reward for farmers and other contributors
- peer2peer promotion program
Governance
- ThreeFold Wisdom Council, to be created, 9 people, 6 need to agree.
- 1 OurWorld (MWW)
- 1 ThreeFold DMCC (Adnan)
- 1 TF9 (Kristof)
- 1 Sikana (Greg)
- **5 people with name in community**
- Budgets get allocated to projects on git.threefold.info, clear stories with clear budget allocations and cashflow tracking or time tracking.
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# Tokenomics
> this is only a suggestion, the DePIN advisor team will probably come up with improvements and other requirements.
The following is the chart suggesting how the INCA might be distributed.
2024-04-05 05:43:18 +00:00
```echarts
option = {
title: {
text: 'INCA Token',
subtext: 'Distribution',
left: 'center'
},
tooltip: {
trigger: 'item'
},
series: [
{
name: 'Distribution',
type: 'pie',
radius: '70%',
data: [
{ value: 75000, name: 'TFT Conversion' },
{ value: 10000, name: 'Farming Rewards' },
{ value: 2500, name: 'Liquidity' },
{ value: 2500, name: 'Airdrops' },
{ value: 2500, name: '3Node Rewards' },
{ value: 2500, name: 'Developer Grants' },
{ value: 5000, name: 'Community Grants' }
],
emphasis: {
itemStyle: {
shadowBlur: 10,
shadowOffsetX: 0,
shadowColor: 'rgba(0, 0, 0, 0.5)'
}
}
}
]
};
```
No INCA tokens are used for funding or reward of existing team, this all comes out of the historical TFT Tokens.
- The 75% is the big one and is for conversion of TFT to INCA (1 TFT becomes 3 INCA)
- The other 25% is all for rewarding the ecosystem to make INCA succesfull.
## Distribution Detail
![alt text](tokenomics.png)