143 lines
4.5 KiB
Markdown
143 lines
4.5 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.
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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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## High Level Tokenomics 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 (mainly farmers of the current TFGrid)
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- We expect to never fully get to this amount, each TFT converted to INCA gets burned (destroyed).
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- Jan 1 2025, the price between INCA & TFT will be defined by the market by means of a liquidity pool.
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- 0.5 Billion for expansion of farming capacity of the grid
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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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- 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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```echarts
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option = {
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title: {
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text: 'INCA Token',
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subtext: 'Distribution',
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left: 'center'
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},
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tooltip: {
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trigger: 'item'
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},
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series: [
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{
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name: 'Distribution',
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type: 'pie',
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radius: '70%',
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data: [
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{ value: 3, name: 'TF Original Farmers' },
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{ value: 0.5, name: 'Farming Rewards' },
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{ value: 0.3, name: 'Community Expansion' },
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{ value: 0.2, name: 'Team' },
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],
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emphasis: {
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itemStyle: {
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shadowBlur: 10,
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shadowOffsetX: 0,
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shadowColor: 'rgba(0, 0, 0, 0.5)'
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}
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}
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}
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]
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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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## 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 (MWW)
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- 1 ThreeFold DMCC (Adnan)
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- 1 TF9 (Kristof)
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- 1 Sikana (Greg)
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- **5 people with name in community**
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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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## 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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