4.1 KiB
ThreeFold Token
Table of Contents
- Introduction to TFT
- Chains with TFT
- TFT Contract Addresses on Chains
- Bridges Between Chains
- Storing TFT
- Buy and Sell TFT
- Liquidity Provider (LP)
- Transaction Fees
- Deploy on the TFGrid with TFT
- Disclaimer
Introduction to TFT
The ThreeFold Token (TFT) is a decentralized digital currency used to buy autonomous and decentralized Internet services (compute, storage, and application) on the ThreeFold Grid.
ThreeFold Tokens are generated through a process called “Farming”. Farming happens when active internet capacity is added to the ThreeFold Grid. Independent farmers earn ThreeFold Tokens (TFT) by providing neutral and decentralized internet capacity, thus expending the usable TF Grid. Therefore no central entity controls the internet.
Chains with TFT
TFT lives on 4 different chains: TFChain, Stellar chain, Ethereum chain and Binance Smart Chain.
- TFT are minted on the Stellar chain.
- TFT are used to deploy workloads on TFChain.
- TFT can be transacted on Ethereum chain, Binance Smart Chain and Stellar chain.
TFT Contract Addresses on Chains
The TFT contract address on different chains are the following:
- TFT Contract address on Stellar
TFT-GBOVQKJYHXRR3DX6NOX2RRYFRCUMSADGDESTDNBDS6CDVLGVESRTAC47
- TFT Contract address on Ethereum
0x395E925834996e558bdeC77CD648435d620AfB5b
- TFT Contract address on BSC
0x8f0FB159380176D324542b3a7933F0C2Fd0c2bbf
Bridges Between Chains
Bridges are available to easily navigate between the chains.
Storing TFT
There are many ways to store TFT. The TF Connect app wallet and a hardwallet wallet are two of the many possibilities.
Buy and Sell TFT
You can buy and sell TFT with cryptocurrencies on Stellar Chain, Ethereum Chain and BNB Smart Chain.
Using Lobstr is very effective to buy TFT with fiat or crypto in no time:
Liquidity Provider (LP)
A liquidity provider (LP) is an individual or entity that contributes liquidity to a decentralized exchange or automated market maker (AMM) platform
Transaction Fees
Each time transactions are done on chains, transaction fees apply.
Learn about Transaction Fees
Deploy on the TFGrid with TFT
You can do almost anything on the TFGrid: as long as you're doing Linux stuff, ZOS got your back!
Get Started on the TFGrid
Disclaimer
The information provided in this tutorial or any related discussion is not intended as investment advice. The purpose is to provide educational and informational content only. Investing in cryptocurrencies or any other assets carries inherent risks, and it is crucial to conduct your own research and exercise caution before making any investment decisions.
The ThreeFold Token (TFT) is not to be considered as a traditional investment instrument. The value of cryptocurrencies can be volatile, and there are no guarantees of profits or returns. Always be aware of the risks involved and make informed choices based on your own assessment and understanding. We strongly encourage you to read our full disclaimer and seek advice from a qualified financial professional if needed.