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# Inca Reward Certificate
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.
INCA Reward Certificates (INCA-RC) are transferable, and can be used to redeem INCA by the owner.
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)
Is implemented on Solana and accompagning smart contract system.
## Technical info about Inca Reward Certificate
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
```go
struct INCAReward {
unique_id string // Unique Identifier
amount f32 //amount of INCA remaining
releases []Release // Array of Releases
}
struct Release {
month u8
amount i32
min_price f32 //in Gold milligram (=0.001gram)
}
reward := INCAReward{
amount_inca = 210000
unique_id: "..."
releases: [
Release{
month: 0
amount: 10000 // 1,000 USD if INCA is at value of 0.1 USD
min_price: 1.4 //about 0.1 USD (milligram gold to USD)
},
Release{
month: 12
amount: 200000 // +- 20,000 USD if INCA is at value of 0.1 USD
min_price: 2.8 // about 0.2 USD
},
]
}
```
**Alternative more simple implementation could be based on:**
- vesting contracts on Solana [https://docs.streamflow.finance/](https://docs.streamflow.finance/)

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> CONFIDENDIAL INFORMATION
Our plan is to launch on Solana Foundation's Paris Blockchain Week (11 April).
Our aim is to create a decentralized future for ThreeFold by means of a launch in the DePIN ecosystem on top of Solana.
### Why now

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cloud_computing_with_liquidity_of_water_flow_aspect_19_12.png

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![](cloud_computing_with_liquidity_of_water_flow_aspect_19_12.png)
# Liquidity
## Solana
- our INCA will be released on Solana blockchain and we are relying on their ecosystem to provide liquidity
- each TFT can be converted to 3 INCA (the exact terms and the way how needs to be defined)
## liquidcrypto
see [https://liquidcrypto.finance/](https://liquidcrypto.finance/)
- a very nice platform, we can even whitelabel if that would be required.
- works on many blockchain platforms and is very well integrated with many DEXes
- there will be an INCA liquidity pool, which can have parameters as defined by us.
- this liquidity pool can be accessed from multiple blockchains e.g. Solana, Stellar, Ethereum based chains
## Swissborg.com
- We are looking with Swissborh how to use their platform best, this can be a private sale of support for our INCA new token.
## Stellar (history)
Existing mechanism is the stellar dex, is low liquidity and not very useful today.

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# Peer2Peer Promotion (P2PP)
- use airdrops for P2PP
- make regional groups, see how to do this best
We believe we need to make our roll out quite viral.
## Some ideas:
### Airdrop Rewards:
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- new TFConnect
- new backend for TFConnect (can be run by TF DMCC)
- referral system
- referral system

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# Planning
## 24 March
- system to create tokens & nft on Solana (Kristof)
## week 1: April 5
- agreement GoldHawk,Georges & GreenEdge for Airdrop for working together (Sacha) (ASAP)
- intial meetings with GoldHawk, Georges, ... done
- some initial planning for Solana Launch done
technical
- Referral API online (openrcp) to allow TFConnect team to integrate
- specs for reporting page (like Akash)
## week 2: April 12
## 26 March
- review Solana Wiki, update required content
- have some intial teams defined
- agreement Georges & GreenEdge for Airdrop for working together
technical
- first TFConnect with identity management, referrals, ...
## 29 March
## End April
- Alfa version for TFT to Solana bridge (on testnet)
- One way Bridge TFT to Solana
- Alfa version new TF Connect
- Wallets revisited on Stellar, properly documented, new multisignature implemented
- Cultivation (TFT incoming) -> automatic TFChain to Stellar , report on reporting page as revenue income for cooperative
- Specs for marketmaking on Solana/ BSC
> TODO: need to complete
# Done
## 24 March (done)
- system to create tokens & nft on Solana (Kristof)

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# Remuneration
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.
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.
Very soon we will be able to hand out these certificates.

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- Buy 3Node (through NFT), see the 3Node NFT's owned
- Sign T&C when starting
## Technical Remarks
- Flutter based

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## Tokens
- 1 TFT -> 3 INCA
- the mechanism in which this happens needs to be defined
- max 4 billion INCA
## the 1 billion INCA = airdrops for
## How to convert 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
- reward for farmers and other contributors
- peer2peer promotion program
Governance

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# Tokenomics
The following is the chart suggesting how the INCA will be distributed.
```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)

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