info_tfgrid/collections/projectinca/plan/theplan_c.md
2024-05-03 09:40:05 +03:00

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DePIN Launch

ThreeFold is expanding to the DePIN market.

  • TFT is the token for the TFGrid 3.x
    • It's our creator and founder token
  • INCA is the token for the TFGrid 4.x
    • It's our commercialization token
    • It will be used on the INCA marketplace
  • During 2024 the price between INCA & TFT is fixed
    • 1 TFT buys 2 INCA
  • From Jan 1 2025, the price is defined by market and will be in line to available INCA in liquidity pool.

Two New Tokens on Solana

We launch 2 new tokens called INCA and INCA-G.

INCA

INCA = INternet CApacity (is the token of buying/selling Internet/Cloud Capacity)

  • 4 billion INCA will be created
    • 2 billion INCA can be bought by TFT holders transferring TFT to INCA (1 TFT buys 2 INCA)
    • 2 billion INCA will be used to launch the next generation of our grid in the DePIN ecosystem

INCA-G

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.

!!wiki.include page:'projectinca:inca.md'

How to Acquire the 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 Switzerland
    • 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.

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.

Council Members

We start with 7 members and 2 more members will need to be added later on.

  • 1 OurWorld (Kristof)
  • 1 ThreeFold DMCC (Adnan)
  • 1 TF9 (Jan)
  • 1 Sikana (Greg)
  • 1 CodeScalers (Nayer)
  • 1 ThreeFold COOP (Sabrina)
    • The COOP project is still ongoing and will still be created.
  • 1 GreenEdge (MWW)

Budget Allocation

  • Budgets get allocated to projects on git.threefold.info
  • Clear stories with clear budget allocations and cashflow tracking or time tracking

TFT

The total supply of TFT is currently around 960 million TFT, while the max supply is 1 billion TFT.

3 Tokens: TFT, INCA & INCA-G

The 3 tokens co-exist within the TF ecosystem.

TFT has a max supply of 1 billion, INCA has a max supply of 4 billion. INCA-G generates INCA over a given period of time.

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.

All can and will be bridged on multiple blockchains.

Metadata for INCA-G

Each INCA-G NFT contains information.

  • Release date
  • List of values
    • Each value is the number of INCA tokens to be released monthly for a given period of time