info_tfgrid/collections/projectinca/theplan_b.md

Plan B

Simple model where TFT can convert into INCA.

Tokens

• 1 TFT -> 3 INCA
  • the mechanism in which this happens needs to be defined
• max 4 billion INCA

How to go from TFT to INCA

please note TFT will keep its own purpose, TFT can be used to buy/sell IT capacity (compute, storage, network). INCA is a new token made for the DePIN space, TFT holders can voluntary choose to go from TFT to INCA.

• mechanism hasn't been defined yet
• there might be conditions to conversion
  • vesting?
  • requirement to put some cash in a liquidity pool?
  • others?

the 1 billion INCA expansion for the Ecosystem

• promotion through grants
• technical achievements (develop tech)
• reward for farmers and other contributors (expansion)
• peer2peer promotion program

Governance

• ThreeFold Wisdom Council, to be created, 9 people, 6 need to agree.
  • 1 OurWorld (MWW)
  • 1 ThreeFold DMCC (Adnan)
  • 1 TF9 (Kristof)
  • 1 Sikana (Greg)
  • 5 people with name in community
• Budgets get allocated to projects on http://git.threefold.info, clear stories with clear budget allocations and cashflow tracking or time tracking.

Tokenomics

this is only a suggestion, the DePIN advisor team will probably come up with improvements and other requirements.

The following is the chart suggesting how the INCA might be distributed.

option = {
  title: {
    text: 'INCA Token',
    subtext: 'Distribution',
    left: 'center'
  },
  tooltip: {
    trigger: 'item'
  },
  series: [
    {
      name: 'Distribution',
      type: 'pie',
      radius: '70%',
      data: [
        { value: 75000, name: 'TFT Conversion' },
        { value: 10000, name: 'Farming Rewards' },
        { value: 5000, name: 'Community Expansion (Grants)' },
        { value: 4000, name: 'Team'}
        { value: 2000, name: 'Liquidity' },
        { value: 2000, name: '3Node Rewards' },
        { value: 2000, name: 'Developer Grants' },
        
      ],
      emphasis: {
        itemStyle: {
          shadowBlur: 10,
          shadowOffsetX: 0,
          shadowColor: 'rgba(0, 0, 0, 0.5)'
        }
      }
    }
  ]
};

No INCA tokens are used for funding or reward of existing team, this all comes out of the historical TFT Tokens.

• The 75% is the big one and is for conversion of TFT to INCA (1 TFT becomes 3 INCA)
• The other 25% is all for rewarding the ecosystem to make INCA succesfull.