3.8 KiB
DePIN Launch Plan B
In case not enough funding was found.
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