development_projectinca #43
@ -5,23 +5,30 @@
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ThreeFold is expanding to the Depin market.
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- TFT is the token for the TFGrid 3.x
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- It's our creator and founder token
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- INCA is the token for the TFGrid 4.x
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- During 2024 the price between INCA & TFT is fixed: 1 TFT buys 3 INCA
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- It's our commercialization token
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- It will be used on the INCA marketplace
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- During 2024 the price between INCA & TFT is fixed
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- 1 TFT buys 3 INCA
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- From Jan 1 2025, the price is defined by market and will be in line to available INCA in liquidity pool.
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The TFT is our creator and founder tokens, INCA is for our commercialization.
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## Two New Tokens on Solana
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INCA will be used on our INCA marketplace
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We launch 2 new tokens called INCA and INCA-G.
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## We launch 2 new tokens called INCA and INCA-G
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### INCA
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> INCA = INternet CApacity (is the token of buying/selling Internet/Cloud Capacity)
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4 Billion INCA will be created, 3 can be bought by TFT holders, 1 Billion is to launch the next generation of our grid in the DePIN ecosystem
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- 4 billion INCA will be created
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- 3 billion INCA can be bought by TFT holders transferring TFT to INCA (1 TFT buys 4 INCA)
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- 1 billion INCA will be used to launch the next generation of our grid in the DePIN ecosystem
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<br>
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### INCA-G
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> INCA-G = INCA Generator (is a token generating INCA typically over 48 months)
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An INCA-G token generates INCA over a certain period. INCA stands for Internet Capacity token, enabling individuals to buy/sell Internet & Cloud Capacity.
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@ -30,58 +37,65 @@ We can analogize the generation of Cloud/Internet capacity to the generation of
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INCA-G tokens are unique and come with metadata specifying how INCA will be generated. This metadata outlines the generation schedule of INCA over the next X months.
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!!wiki.include page:'projectinca:inca.md'
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## How can people acquire an INCA-G token?
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## How to Acquire the INCA-G Token?
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### Round 1: SwissBorg & TF Cooperative
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1 INCA-G token generates 15,000 INCA over 48 months
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1 INCA-G token generates 15,000 INCA over 48 months.
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1 INCA-G can be bought:
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- from SwissBorg for 500 CHF
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- crypto enabled bank in Switserland
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- From SwissBorg for 500 CHF
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- Crypto-enabled bank in Switzerland
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- Maximum sold is 5,000 INCA-G tokens
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- with TFT which is the founder creator currency of the current grid
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- there will never be more than 1 billion TFT
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- There will never be more than 1 billion TFT
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- 1 INCA-G token costs 10,000 TFT (\*)
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> (\*) The pricing will depend on price of TFT at that moment.
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### Round 2: **A**frica and latin **A**merica INCA-G Tokens (AA)
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1 INCA-G AA Token, generates 10,000 INCA over 48 months
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1 INCA-G AA Token generates 10,000 INCA over 48 months.
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AA stands for Africa and latin America
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- from SwissBorg for TBD CHF.
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- From SwissBorg for *TBD* CHF.
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The incoming funds will be used to generate Cloud & Internet capacity in these regions, <br>which are serious growth regions in the world.
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## INCA governance
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## INCA Governance
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A Wisdom Council approves budgets in line to tokenomics above.
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- ThreeFold Wisdom Council, to be created, 9 people, 6 need to agree.
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The ThreeFold Wisdom Council will have 9 members in total. For any decision taken by the council, at least 6 must agree to go forward.
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### Council Members
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We start with 7 members and 2 more members will need to be added later on.
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- 1 OurWorld (Kristof)
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- 1 ThreeFold DMCC (Adnan)
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- 1 TF9 (Jan)
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- 1 Sikana (Greg)
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- 1 CodeScalers (Nayer)
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- 1 ThreeFold COOP (Sabrina), the COOP will still be created.
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- 1 ThreeFold COOP (Sabrina)
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- The COOP project is still ongoing and will still be created.
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- 1 GreenEdge (MWW)
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- **we start with 7 but will need 2 more people*
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- 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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### Budget Allocation
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- Budgets get allocated to projects on git.threefold.info
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- Clear stories with clear budget allocations and cashflow tracking or time tracking
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## TFT
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Right now there are +-960m TFT, there can max be 4 Billion TFT.
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The total supply of TFT is currently around 960 million TFT, while the max supply is 1 billion TFT.
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## Technical TFT, INCA & INCA-G
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## 3 Tokens: TFT, INCA & INCA-G
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#### Implementation
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@ -93,5 +107,8 @@ All can and will be bridged on multiple blockchains.
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#### Metadata for INCA-G
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- release date
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- list of values, each value is nr of INCA's to be released in a month
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Each INCA-G NFT contains information.
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- Release date
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- List of values
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- Each value is the number of INCA tokens to be released monthly for a given period of time
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@ -1,7 +1,7 @@
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## High Level Tokenomics INCA
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There can never be more than 4 Billion INCA
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There can never be more than 4 Billion INCA.
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- 3 Billion for TFT holders (1 TFT buys 3 INCA)
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- Will be sold uniquely to TFT Holders (the founders, creators and farmers of the current TFGrid)
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@ -11,13 +11,13 @@ There can never be more than 4 Billion INCA
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- Farming rewards
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- Can also be sold through partners e.g. SwissBorg (through INCA-G) and others...
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- 0.3 Billion for community expansion
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- promotion of the TFGrid
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- creation of technology on top of the TF Grid
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- peer2peer promotion program
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- 0.2 Billion for Depin TF Team with 24 months accelerated vesting.
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- Promotion of the TFGrid
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- Creation of technology on top of the TFGrid
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- Peer2peer promotion program
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- 0.2 Billion for Depin ThreeFold Team with 24 months accelerated vesting
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- 5 % of total
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- is for people who help to expand the Grid (starting now)
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- a lot of it is to reward our partners to help launch the INCA Tokens & the TF Grid
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- It's for people who help to expand the Grid (starting now)
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- A lot of it is to reward our partners to help launch the INCA Tokens & the TFGrid
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```echarts
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@ -53,4 +53,4 @@ option = {
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};
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```
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*Accelerated Vesting means: if INCA gets above 0.5 CHF per INCA the vesting accelerates 50%, if above 0.6 CHF 60%, ... if above 1 CHF 100% acceleration.*
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*Accelerated Vesting means: if INCA gets above 0.5 CHF per INCA (50%), the vesting accelerates in proportion to the percentage (e.g. 0.6 CHF per INCA = 60$ acceleration). At 1 CHF per INCA (100%) and more, the acceleration is 100%.*
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