119 lines
3.8 KiB
Markdown
119 lines
3.8 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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- It's our creator and founder token
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- INCA is the token for the TFGrid 4.x
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- It's our commercialization token
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- It will be used on the INCA marketplace
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- During 2024 the price between INCA & TFT is fixed
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- 1 TFT buys 2 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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## Two New Tokens on Solana
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We launch 2 new tokens called INCA and INCA-G.
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### INCA
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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
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- 2 billion INCA can be bought by TFT holders transferring TFT to INCA (1 TFT buys 2 INCA)
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- 2 billion INCA will be used to launch the next generation of our grid in the DePIN ecosystem
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<br>
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### INCA-G
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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 to Acquire the 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 Switzerland
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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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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.
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### Council Members
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We start with 7 members and 2 more members will need to be added later on.
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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)
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- The COOP project is still ongoing and will still be created.
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- 1 GreenEdge (MWW)
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### Budget Allocation
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- Budgets get allocated to projects on git.threefold.info
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- Clear stories with clear budget allocations and cashflow tracking or time tracking
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## TFT
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The total supply of TFT is currently around 960 million TFT, while the max supply is 1 billion TFT.
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## 3 Tokens: TFT, INCA & INCA-G
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The 3 tokens co-exist within the TF ecosystem.
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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.
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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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Each INCA-G NFT contains information.
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- Release date
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- List of values
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- Each value is the number of INCA tokens to be released monthly for a given period of time
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