info_tfgrid/collections/projectinca/plan/requirements.md
2024-07-08 06:19:57 +02:00

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Requirements = “our box we operate in”

Its important we all agree on our requirements and all actions will be in line with these requirements.

Regulatory

Avoid any possible link to token as security

  • There will be no staking of INCA or any other token created.
  • There will be no yield generating instruments created with INCA
  • There will be no public launch of INCA Tokens (private sell ok)

A COOP might be a good structure for resolving our regulatory requirements for farmers
& larger customers.

  • It needs to be all super simple and easy for our user base.
  • Every farmer and every user who is spending more than 1000 USD/month
    (using any supported digital or fiat currency)
    is part of a COOP which will be structured in our digital freezone.
  • This will be made super easy (just KYC simple process) and you pay 24 USD to get started.
  • COOP Membership fee is :
    • 1 USD per month for basic users (to be paid at setup) for INCA G holders
    • 10 USD per month for members who need more features

Reputation

One of our biggest strengths is how we link back to the real world through our government connections and soon a major telco. While this is great this also means we need to stay very clean in relation to reputation and how we come across.

Positioning

  • We dont try to be like the other casino projects or even mimic what they do.
  • We are ourselves a decent project, with an aim to become the biggest Edge Cloud Provider in the world which is a viable alternative to the centralized players.
  • We focus on expansion because that is needed first.

Marketing Wise

  • We will not brand ourselves or even be understood as a pump & dump,
    We stay loyal to our values at all times.
  • We are different and will position ourselves as being different.

Funding & Tokenomics

Let's together agree on the following:

  • There is focus on finding funding, the people who do fundraise do understand how it works e.g. first get to the term sheet before giving certain info, get lots of info open for negotiation and advice, know that most questions asked are asked for other reasons, …
  • If there is vesting then Vesting for TFT holders will be the same for ALL TFT holders.
  • We are perfectly ok to show an overview of who has which tokens but some work needs to be done, some original token holders agree to grant tokens to a pool, some of the details are on our INCA wiki.
  • TFT x1 or TFT x2 can be part of negotiation once enough money has been found, e.g. if 30m EUR comes then I am sure we can convince our community to keep it on 1x
    (1x = means 1 Billion of the 4 Billion)
  • We will not sell INCA tokens underneath 0.05 USD per INCA,
    this needs to be the absolute lowest level (and anyhow no public sell).

Transparency

  • There is a weekly report sent to community, TF, Ourworld around what has been achieved
  • There are regular meetings with community
  • There are regular stakeholder meetings (at least 1x per week at start)
  • All our docs are as much as possible opensource, on gitea (doc…), if not possible gdrive but always in the same gdrive under the same root folder and open as much as possible.

Remark: we are ok with

  • Using exchanges, market makers, …
  • Meeting the market where it's at.
  • Use influencers.
  • Play the game (as long as we dont lose our values)
  • Use whatever tools which are needed to reach communities (they can be centralized ofcourse)