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collections/solana/inca_reward.md
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collections/solana/inca_reward.md
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# Inca Reward Certificate
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Owning such a Certificate allows the owner to receive INCA over time and has the optional possibility to attach other conditions to it like price.
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INCA Reward Certificates (INCA-RC) are transferable, and can be used to redeem INCA by the owner.
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An INCA-RC is using metadata to describe how the INCA-RC can be exchanged to INCA, as INCA released for the benefit of the current owner of an INCA-RC the metadata will be updated in the INCA-RC to reflect the state of the rewards (future INCA to be released)
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Is implemented on Solana and accompagning smart contract system.
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## Technical info about Inca Reward Certificate
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all prices are expressed in milligram which is 0.001 gram of gold, at current price of $70k per kg, its 0.07 USD per milligram
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```go
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struct INCAReward {
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unique_id string // Unique Identifier
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amount f32 //amount of INCA remaining
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releases []Release // Array of Releases
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}
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struct Release {
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month u8
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amount i32
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min_price f32 //in Gold milligram (=0.001gram)
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}
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reward := INCAReward{
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amount_inca = 210000
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unique_id: "..."
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releases: [
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Release{
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month: 0
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amount: 10000 // 1,000 USD if INCA is at value of 0.1 USD
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min_price: 1.4 //about 0.1 USD (milligram gold to USD)
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},
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Release{
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month: 12
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amount: 200000 // +- 20,000 USD if INCA is at value of 0.1 USD
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min_price: 2.8 // about 0.2 USD
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},
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]
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}
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```
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**Alternative more simple implementation could be based on:**
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- vesting contracts on Solana [https://docs.streamflow.finance/](https://docs.streamflow.finance/)
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> CONFIDENDIAL INFORMATION
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Our plan is to launch on Solana Foundation's Paris Blockchain Week (11 April).
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Our aim is to create a decentralized future for ThreeFold by means of a launch in the DePIN ecosystem on top of Solana.
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### Why now
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collections/solana/liquidity/.done
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collections/solana/liquidity/.done
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cloud_computing_with_liquidity_of_water_flow_aspect_19_12.png
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collections/solana/liquidity/liquidity.md
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collections/solana/liquidity/liquidity.md
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# Liquidity
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## Solana
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- our INCA will be released on Solana blockchain and we are relying on their ecosystem to provide liquidity
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- each TFT can be converted to 3 INCA (the exact terms and the way how needs to be defined)
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## liquidcrypto
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see [https://liquidcrypto.finance/](https://liquidcrypto.finance/)
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- a very nice platform, we can even whitelabel if that would be required.
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- works on many blockchain platforms and is very well integrated with many DEXes
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- there will be an INCA liquidity pool, which can have parameters as defined by us.
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- this liquidity pool can be accessed from multiple blockchains e.g. Solana, Stellar, Ethereum based chains
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## Swissborg.com
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- We are looking with Swissborh how to use their platform best, this can be a private sale of support for our INCA new token.
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## Stellar (history)
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Existing mechanism is the stellar dex, is low liquidity and not very useful today.
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# Peer2Peer Promotion (P2PP)
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- use airdrops for P2PP
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- make regional groups, see how to do this best
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We believe we need to make our roll out quite viral.
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## Some ideas:
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### Airdrop Rewards:
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@@ -18,4 +19,4 @@
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- new TFConnect
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- new backend for TFConnect (can be run by TF DMCC)
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- referral system
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- referral system
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# Planning
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## 24 March
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- system to create tokens & nft on Solana (Kristof)
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## week 1: April 5
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- agreement GoldHawk,Georges & GreenEdge for Airdrop for working together (Sacha) (ASAP)
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- intial meetings with GoldHawk, Georges, ... done
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- some initial planning for Solana Launch done
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technical
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- Referral API online (openrcp) to allow TFConnect team to integrate
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- specs for reporting page (like Akash)
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## week 2: April 12
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## 26 March
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- review Solana Wiki, update required content
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- have some intial teams defined
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- agreement Georges & GreenEdge for Airdrop for working together
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technical
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- first TFConnect with identity management, referrals, ...
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## 29 March
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## End April
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- Alfa version for TFT to Solana bridge (on testnet)
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- One way Bridge TFT to Solana
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- Alfa version new TF Connect
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- Wallets revisited on Stellar, properly documented, new multisignature implemented
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- Cultivation (TFT incoming) -> automatic TFChain to Stellar , report on reporting page as revenue income for cooperative
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- Specs for marketmaking on Solana/ BSC
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> TODO: need to complete
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# Done
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## 24 March (done)
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- system to create tokens & nft on Solana (Kristof)
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14
collections/solana/remuneration.md
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collections/solana/remuneration.md
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# Remuneration
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Our aim is to get the marketcap to billions of USD which means we expect the INCA to reach potentially 1 USD, looking at what competition is doing this should be possible.
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We believe the best way to remunerate our virtual teams is by rewarding [INCA Reward Certificates](inca_reward.md) which are physically implemented as NFT's on the Solana blockchain.
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Very soon we will be able to hand out these certificates.
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@@ -10,8 +10,6 @@ A new version of TFConnect
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- Buy 3Node (through NFT), see the 3Node NFT's owned
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- Sign T&C when starting
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## Technical Remarks
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- Flutter based
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## Tokens
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- 1 TFT -> 3 INCA
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- the mechanism in which this happens needs to be defined
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- max 4 billion INCA
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## the 1 billion INCA = airdrops for
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## How to convert from TFT to INCA
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- mechanism hasn't been defined yet
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- there might be conditions to conversion
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- vesting?
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- requirement to put some cash in a liquidity pool?
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- others?
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## the 1 billion INCA = airdrops/rewards for
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- promotion
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- technical achievements
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- reward for farmers
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- reward for farmers and other contributors
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- peer2peer promotion program
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Governance
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48
collections/solana/tokenomics.md
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48
collections/solana/tokenomics.md
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# Tokenomics
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The following is the chart suggesting how the INCA will be distributed.
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```echarts
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option = {
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title: {
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text: 'INCA Token',
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subtext: 'Distribution',
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left: 'center'
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},
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tooltip: {
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trigger: 'item'
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},
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series: [
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{
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name: 'Distribution',
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type: 'pie',
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radius: '70%',
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data: [
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{ value: 75000, name: 'TFT Conversion' },
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{ value: 10000, name: 'Farming Rewards' },
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{ value: 2500, name: 'Liquidity' },
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{ value: 2500, name: 'Airdrops' },
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{ value: 2500, name: '3Node Rewards' },
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{ value: 2500, name: 'Developer Grants' },
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{ value: 5000, name: 'Community Grants' }
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],
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emphasis: {
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itemStyle: {
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shadowBlur: 10,
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shadowOffsetX: 0,
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shadowColor: 'rgba(0, 0, 0, 0.5)'
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}
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}
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}
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]
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};
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```
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No INCA tokens are used for funding or reward of existing team, this all comes out of the historical TFT Tokens.
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- The 75% is the big one and is for conversion of TFT to INCA (1 TFT becomes 3 INCA)
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- The other 25% is all for rewarding the ecosystem to make INCA succesfull.
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## Distribution Detail
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collections/solana/tokenomics.png
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collections/solana/tokenomics.png
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