Merge pull request 'updated intro and tokenomics for projectinca' (#133) from development_new into development
Reviewed-on: #133
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!!wiki.include page:'intro0.md'
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## Main Content
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This ebook covers the following content:
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* **Tokenomics**
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+ In this section, we explain the liquidity strategy as well as the distribution of the token INCA.
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+ Detailed information on how tokens are distributed and used within the ThreeFold ecosystem.
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* **Decentralization**
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+ In this section, we explore ThreeFold's vision and implementation of a truly decentralized ecosystem.
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+ Learn about our approach to decentralization and how it benefits the community.
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* **Blockchain**
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+ This section covers the flexibility and capabilities of our blockchain, including its ability to run complex smart contracts.
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+ Discover how our blockchain can interact with multiple blockchains at once, ensuring seamless transactions and strong consensus mechanisms.
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* **Technology**
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+ The Technology book offers a complete and coherent vision of the tech we've built over the years.
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+ Our project encompasses different ventures and innovations that culminate into the wholesome ThreeFold Grid and its resilient ecosystem.
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* **Project History & Info**
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+ This section offers an overview of the ThreeFold Project since its incubation.
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+ Get acquainted with our journey, milestones, and achievements.
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* **Marketplace**
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+ This sections provide information on the Marketplace. ThreeFold is proud to develop a marketplace to enable commercial projects on its 4th generation of the ThreeFold Grid.
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+ Discover the opportunities and benefits of using our marketplace for your business needs.
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* **Farming & Earning Rewards**
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+ Any person or company can offer capacity to the grid and earn rewards by doing so.
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+ Learn about how you can contribute to the ThreeFold ecosystem and receive rewards in return.
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* **Community Grants Program**
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+ This section covers how our token distribution enables grants to the community to ensure sound development and active community work.
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+ Find out how we support community-led initiatives and foster innovation within the ThreeFold ecosystem.
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* **Grid Utilization & Growth**
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+ The grid is now in its 4th phase and it has built over the years strong relationships and use cases.
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+ Explore our growth trajectory, achievements, and future plans for the ThreeFold Grid.
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* **Internal Wiki & Community Resources**
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+ Our project is completely open-source and you can consult our Internal Wiki to collaborate and learn more.
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+ Access our community-driven resources and contribute your expertise to help shape the ThreeFold ecosystem.
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## Learn More
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Read this ebook to learn more about the project and how you can participate to this phase.
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## Main Content
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### Tokenomics
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In this section, we explain the liquidity strategy as well as the distribution of the token INCA.
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### Decentralization
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In this section, we explore ThreeFold's vision and implementation of a truly decentralized ecosystem.
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### Technology
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The Technology book offers a complete and coherent vision of the tech we've built over the years. Our project encompasses different ventures and innovations that culmulate into the wholesome ThreeFold Grid and its resilient ecosystem.
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### Project Info
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This section offers an overview of the ThreeFold Project since its incubation.
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### Marketplace
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This sections provide information on the Marketplace. ThreeFold is proud to develop a marketplace to enable commercial projects on its 4th generation of the ThreeFold Grid.
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### Farming
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Any person or company can offer capacity to the grid and earn rewards by doing so.
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### Grants
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This section covers how our token distribution enables grants to the community to ensure sound development and active community work.
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### Grid Utilization
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The grid is now in its 4th phase and it has built over the years strong relationships and use cases.
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### Internal Wiki
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Our project is completely open-source and you can consult our Internal Wiki to collaborate and learn more.
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@ -1,6 +1,10 @@
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# Tokenomics
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The ThreeFold Tokenomics framework for Grid 4.0 and Project INCA 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.
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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.
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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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@ -19,6 +23,11 @@ flowchart TD
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## Distribution
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The ThreeFold token distribution plan for Grid 4.0 and Project INCA is carefully crafted to ensure a major allocation to the community, with 70% of tokens committed to community-centric initiatives. This includes 55% for supply and farming, 7.5% for community expansion rewards and promotion, and 7.5% for community grants. Additionally, smaller allocations will be made to liquidity providers (3.8%), ThreeFold Dubai Holdings (2.5%), investors (11.3%), and the team and contributors (12.5%).
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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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```echarts
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option = {
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title: {
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@ -76,18 +85,21 @@ There can never be more than 4 Billion Tokens.
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## Release Schedule
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The ThreeFold 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.
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- Investors release over 2 years, in equal tranches.
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- Farmer rewards are released over 3 years.
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- Ecosystem rewards over 4 years
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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.
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By releasing tokens in this predictable manner, we're creating an environment where everyone can contribute and benefit from their participation in Grid 4.0 and Project INCA.
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This leads to following maximum unlocking table
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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.
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Thanks to the liquidity pool the price remains stable even if people decide to chose the option to unvest faster.
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Thanks to the liquidity pool, the price remains stable even if people decide to chose the option to unvest faster.
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## TFT to INCA
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@ -96,11 +108,12 @@ TFT holders can go to INCA based on following rules
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- There is 1-1 relationship between TFT and INCA
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- TFT can only go to INCA not back.
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- There is vesting implemented over 2 years
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- X TFT becomes an INCAG with following properties
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- X INCA, to be minted over 2 years, equal parts per month
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- acelleration unlock rules are:
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- 10% when INCA token hits 0.5 USD longer than 1 month avg out
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- 10% when INCA token hits 0.6 USD longer than 1 month avg out
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- goes on, 10% per 0.1 USD higher price
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- TFT becomes INCAG token where the INCAG token has the following properties:
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- INCAG gives a given amount of INCA to be minted over 2 years
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- The distribution is of equal parts per month
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- The acceleration unlock rules are:
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- 10% when INCA token hits 0.5 USD longer than 1 month avg out
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- 10% when INCA token hits 0.6 USD longer than 1 month avg out
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- This logic goes on 10% for each additional 0.1 USD increase until it reaches 100%
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More details see [INCA Generator, is like an NFT generating INCA over time](incag.md) token
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For more, plese refer to [this section](incag.md) where we explain that the INCA Generator token is like an NFT generating INCA over time.
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