info_tfgrid/collections/solana/theplan_a.md
2024-04-09 23:03:11 +02:00

4.5 KiB

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The plan with INCA and INCA Generator

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

How can people acquire an 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 Switserland
    • 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.

High Level Tokenomics INCA

There can never be more than 4 Billion INCA

  • 2 Billion for TFT holders
    • Will be sold uniquely to TFT Holders (mainly farmers of the current TFGrid)
    • We expect to never fully get to this amount, each TFT converted to INCA gets burned (destroyed).
  • 0.8 Billion for expansion of farming capacity of the grid
    • Will be sold through partners e.g. SwissBorg (through INCA-G)
  • 0.8 Billion for community expansion
    • promotion of the TFGrid
    • farming
    • creation of technology on top of the TF Grid
    • reward for farmers and other contributors
    • peer2peer promotion program
    • release schedule: max 40% year 1, 40% year 2, 20 % year 3
  • 0.4 Billion for team with 24 months accelerated vesting.
    • 10 % of total
    • is for people who help to expand the Grid (starting now)
    • a lot of it is to reward our partners to help launch the INCA Tokens & the TF Grid
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        { value: 2, name: 'TF Original Farmers' },
        { value: 0.8, name: 'Farming Rewards' },
        { value: 0.8, name: 'Community Expansion' },
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Accelerated Vesting means: if INCA gets above 0.5 CHF per INCA the vesting accelerates 50%, if above 0.6 CHF 60%, ... if above 1 CHF 100% acceleration.

INCA-G governance

A Wisdom Council approves budgets in line to tokenomics above.

  • 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 git.threefold.info, clear stories with clear budget allocations and cashflow tracking or time tracking.
  • TFT is the original creator farming token and can be used to buy/sell IT capacity (compute, storage, network).
  • INCA-G is the new genertor token which produces INCA over 48 months.

TFT Holders can get into INCA and INCA-G in 2 ways

  • buy INCA-G tokens: generates INCA over 4 year
  • buy INCA tokens: 1 TFT buys 2 INCA tokens.

note TFT will keep its original purpose, as well as getting a new purpose thanks to INCA-G.

Technical TFT, INCA & INCA-G

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.

Metadata for INCA-G

  • release date
  • list of values, each value is nr of INCA's to be released in a month