4.5 KiB
The plan with INCA and INCA Generator
INCA = INternet CApacity (is the token of buying/selling Internet/Cloud Capacity)
INCA-G = INCA Generator (is a token generating INCA typically over 48 months)
An INCA-G token generates INCA over a certain period. INCA stands for Internet Capacity token, enabling individuals to buy/sell Internet & Cloud Capacity.
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).
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.
High Level Tokenomics INCA
There can never be more than 4 Billion INCA
- 2 Billion for TFT holders
- Will be sold uniquely to TFT Holders (mainly farmers of the current TFGrid)
- We expect to never fully get to this amount, each TFT converted to INCA gets burned (destroyed).
- 0.8 Billion for community expansion
- promotion of the TFGrid
- farming
- creation of technology on top of the TF Grid
- reward for farmers and other contributors
- peer2peer promotion program
- release schedule: max 40% year 1, 40% year 2, 20 % year 3
- 0.8 Billion for expansion of farming capacity of the grid
- Will be sold through partners e.g. SwissBorg (through INCA-G) and others...
- 0.4 Billion for team with 24 months accelerated vesting.
- 10 % of total
- is for people who help to expand the Grid (starting now)
- a lot of it is to reward our partners to help launch the INCA Tokens & the TF Grid
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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.
How can people acquire an INCA-G token?
Round 1: SwissBorg & TF Cooperative
1 INCA-G token generates 15,000 INCA over 48 months
1 INCA-G can be bought:
- from SwissBorg for 500 CHF
- crypto enabled bank in Switserland
- Maximum sold is 5,000 INCA-G tokens
- with TFT which is the founder creator currency of the current grid
- there will never be more than 1 billion TFT
- 1 INCA-G token costs 10,000 TFT (*)
(*) The pricing will depend on price of TFT at that moment.
Round 2: Africa and latin America INCA-G Tokens (AA)
1 INCA-G AA Token, generates 10,000 INCA over 48 months
AA stands for Africa and latin America
- from SwissBorg for TBD CHF.
The incoming funds will be used to generate Cloud & Internet capacity in these regions,
which are serious growth regions in the world.
INCA governance
A Wisdom Council approves budgets in line to tokenomics above.
- ThreeFold Wisdom Council, to be created, 9 people, 6 need to agree.
- 1 OurWorld (MWW)
- 1 ThreeFold DMCC (Adnan)
- 1 TF9 (Kristof)
- 1 Sikana (Greg)
- 5 people with name in community
- Budgets get allocated to projects on git.threefold.info, clear stories with clear budget allocations and cashflow tracking or time tracking.
How does TFT related to INCA
- TFT is the original creator farming token and can be used to buy/sell IT capacity (compute, storage, network).
- INCA-G is the new genertor token which produces INCA over 48 months.
TFT Holders can get into INCA and INCA-G in 2 ways
- buy INCA-G tokens: generates INCA over 4 year
- buy INCA tokens: 1 TFT buys 2 INCA tokens.
note TFT will keep its original purpose, as well as getting a new purpose thanks to INCA-G.
Technical TFT, INCA & INCA-G
Implementation
- TFT is a token on Stellar blockchain (the original farming token)
- INCA is a token on Solana Blockchain (as digital currency for Internet Capacity)
- INCA-G Implemented as an NFT on the Solana Blockchain.
Metadata for INCA-G
- release date
- list of values, each value is nr of INCA's to be released in a month