98 lines
3.2 KiB
Markdown
98 lines
3.2 KiB
Markdown
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# DePIN Launch
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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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- 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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- 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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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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> 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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<br>
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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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We can analogize the generation of Cloud/Internet capacity to the generation of electricity. In this analogy, INCA is akin to the KWH token, while INCA-G is comparable to the KW token (representing capacity to generate electricity).
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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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### 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 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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- 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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- 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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AA stands for Africa and latin America
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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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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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- 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 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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## TFT
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Right now there are +-960m TFT, there can max be 4 Billion TFT.
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## Technical TFT, INCA & INCA-G
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#### Implementation
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- TFT is a token on Stellar blockchain (the original farming token)
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- INCA is a token on Solana Blockchain (as digital currency for Internet Capacity)
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- INCA-G Implemented as an NFT on the Solana Blockchain.
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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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