updated faq, tft
This commit is contained in:
mik-tf
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<h1> Genesis Pool Details </h1>
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<h2>Table of Contents </h2>
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- [Genesis Pool](#genesis-pool)
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- [Genesis Block](#genesis-block)
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- [Genesis Block Value](#genesis-block-value)
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- [Calculation](#calculation)
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- [Genesis Pool Details](#genesis-pool-details)
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***
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## Genesis Pool
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Genesis pool is the initial capacity with which the network started, was available when the project officially launched (blockchain launch March 2018).
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- +-300 computer (all owned by ThreeFold_Dubai)
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- Belgium: 117+30 (hosted by BetterToken)
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- Dubai: 148 (hosted by TF FZC itself)
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- total estimate resource/compute units
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- CRU: 4800,
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- HRU: 8100000
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- MRU: 18600
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- SRU: 106000
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## Genesis Block
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Genesis block is the first block registered in the blockchain. This consists of a number of TFT, in our case 695M TFT.
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> Maximum amount of tokens in the ThreeFold Blockchain at launch = 100 Billion (in other words genesis pool < 1% at start of max nr TFT)
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### Genesis Block Value
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It's hard to define the value of the genesis block when it was calculated, there was no established TFT price.
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- If TFT price = USD 0.01: +-7M USD (this token price has not been established but could be 2016-17)
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- Summer 2023 the price is back on USD 0.01, which we believe is too low for the value created, lets hope for a better future.
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### Calculation
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To come up with a reasonable number and show the community that there was hardware available for the genesis block, we made an excel calculation.
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- Servers as part of genesis pool calculation
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- +-300 computer (all owned by ThreeFold_Dubai)
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- Belgium: 117+30 (hosted by BetterToken)
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- Dubai: 148 (hosted by TF FZC itself)
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- Hardware as used in many years before token launch (March 2018)
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- At least 100+ servers over quite some years
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- Total estimate resource/compute units
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- CRU: 4,800
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- HRU: 8,100,000
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- MRU: 18,600
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- SRU: 106,000
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- Cloud Units
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- Results in 3,927 CU and 8,225 SU
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- The farming rules used were farming/minting rules v1 but with no difficulty level and TFT price 0.01
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- Duration
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- We took +- 1.5 years in our calculation
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- Averaged out, it's for sure not exact science
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- But we can say that the amount of capacity listed has been available long enough for our engineers during the pre-launch period. Probably not with those exact listed servers but in general.
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- Result: **695M TFT**
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_The purpose of this exercise is to demonstrate there is a reasoning behind the 695M TFT and computers which have been available. It's not intended as exact proof nor defense. We believe the value given was in line with the situation at that time._
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## Genesis Pool Details
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- Block 0: [Block 0 on Explorer](https://explorer2.threefoldtoken.com/hash.html?hash=a2ee0aa706c9de46ec57dbba1af8d352fbcc3cc5e9626fc56337fd5e9ca44c8d)
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- Genesis Block Code: [Code of Block 0](https://github.com/threefoldfoundation/tfchain/blob/master/pkg/config/config.go#L103)
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<h1> Genesis Pool </h1>
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<h2>Table of Contents </h2>
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- [Introduction](#introduction)
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- [Genesis Pool Token Usage](#genesis-pool-token-usage)
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- [Remarks](#remarks)
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***
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## Introduction
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At the end of March 2018, ThreeFold launched the public blockchain.
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ThreeFold developed their own blockchain software called Rivine, which was probably the first proof of blockstake blockchain in the world. We did not like the way how the other blockchains at that time were doing proof of work, which is basically burning a lot of energy to prove the validity of their blockchain.
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Rivine is a fork from the blockchain work done by the team of SIA and since then a lot of work has been done on it to fulfill our own requirements. The Rivine blockchain will no longer be used after May 2020.
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ThreeFold is the result of more than 20 years of work in the Internet space, over a number of companies.
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The technology used at start in March 2018 has been developed mainly out of three companies: ThreeFold_Dubai, BetterToken(bettertoken) and GreenIT Globe. Later in 2018, TF Tech was spun off from our incubator.
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TF Tech is a company born out of our Incubator called [Incubaid](http://www.incubaid.com/) in Belgium.
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TF Tech has a purpose to further develop the software and commercialize the capabilities on a global basis, mainly by working together with tech partners.
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The public version of our blockchain was started March 2018. The servers used during development and mining tokens already started years before.
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Many hundreds of servers have been used to develop the technology which now makes up our ThreeFold_Grid.
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+-300 servers are the foundation of our TF Grid.
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Most of the servers are in Dubai and in Ghent (Belgium).
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- To see the [genesis pool in Ghent, see here](genesis_pool_ghent.md)
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- To see the [genesis pool in Dubai, see here](genesis_pool_dubai.md)
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All genesis pools were owned by the foundation. Many of those servers are at this point no longer active. The operations were done by ThreeFold_Dubai and BetterToken as Farming Cooperative.
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> For information about genesis pool/block, see [here](genesis_block_pool_details.md).
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## Genesis Pool Token Usage
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- A lot of the genesis pool tokens went to the original shareholders of a company who created a lot of the technology which was the basis at that time for ThreeFold.
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- Most of these tokens are locked up and are not tradeable.
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- This was a deal made mid 2018 and provided the ThreeFold Dubai with technology and a global engineering team.
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- The other part went to ThreeFold Dubai, to allow the Foundation to promote & further grow the project.
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> [See Token Overview](token_overview.md) for more details.
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The tokens were used from out of ThreeFold_Dubai to create value for the ThreeFold Grid.
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- Initial funding: sell TFT as future IT capacity
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- IT capacity delivered amongst others from the computers deployed by genesis pools (+300 servers)
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- grants to community, bounties for coders, evangelists, ...
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- max bounty given to contributors/founders = 2.5m TFT
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- funding for projects like coding, marketing, ...
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- There is a token grant program, but not really active yet.
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- Fund the day-to-day operation of threefold_dubai
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- Fund some development projects for our open source technology
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- Public exchange fees
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- Operational costs of keeping the genesis pool operational (engineers, data center, bandwidth, ...)
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- Reward for the ThreeFold larger community and contributors
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## Remarks
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- ThreeFold_Dubai is run as a [not-for-profit organization](legal@@definitions_legal)
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- All (future) profits generated, tokens=IT capacity sold are used to promote and grow the ThreeFold Project.
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- None of the potential profits generated go to the shareholders of the company.
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- Investments and loans given will of course be paid back to the relevant investors.
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## The Genesis Pool Dubai
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Read more about ThreeFold Dubai [here](threefold_dubai.md).
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## The Genesis Pool (Ghent)
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<h1> ThreeFold History </h1>
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<h2>Table of Contents</h2>
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- [Introduction](#introduction)
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- [History](#history)
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- [ThreeFold Project Funding Total](#threefold-project-funding-total)
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- [Status](#status)
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- [Genesis Pool](#genesis-pool)
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- [History of Tokens](#history-of-tokens)
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***
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## Introduction
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The project, now in its sixth year and is gratefulf or the support of its community and commercial entity [ThreeFold Tech](https://github.com/threefoldtech).
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ThreeFold is fundamentally a decentralized initiative. Within this framework, ThreeFold Dubai plays a pivotal role in championing and advancing the ThreeFold Grid and the broader movement.
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Our founders have largely retained their tokens, with only minimal sales, if any. Their intent is clear: they plan to hold onto their tokens until the grid achieves global recognition and the token value surpasses 0.2 USD.
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## History
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In the earlier days of ThreeFold, there were multiple teams collaborating, but the two core teams were located in Dubai and Belgium.
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A group of early supporters bought IT capacity (through buying TFT) from our Genesis pool and our early farmers. These buyers could use their TFT to buy IT capacity from [ThreeFold Dubai](threefold_dubai.md) or [BetterToken](bettertoken.md) BV until April 2020, or from the TF Grid directly in a fully decentralized way starting May 2020.
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The ThreeFold Grid is the result of many farmers using the open source technology of ThreeFold Tech.
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Originally, the technology used was created by three companies: GreenIT Globe, ThreeFold Dubai & ThreeFold Tech. The last two still actively participate in the creation of tech components or content as used by all ThreeFold Farmers today.
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## ThreeFold Project Funding Total
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How much funding was used to make the ThreeFold project possible?
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> +- 50M USD
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- +20M USD for all farming (thank you farmers)
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- 15M USD in ThreeFold Tech as convertible loan (by 50+ investors)
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- 5M USD in early IT capacity purchases (as TFT)
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- +10M USD funding from Incubaid/Kristof (estimate)
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- ThreeFold Tech was established Oct 2018, from out of Incubaid
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- Related to people related to [Incubaid](https://www.incubaid.com)
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- Over quite some years, multiple companies/projects
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## Status
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We have worked with multiple regions over the years to look for appropriate structures, we realize we need more funding as such we have launched a venture creator in mauritius who will hopefully invest 7.5m EUR in TFTech as well as in TF Dubai.
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See our [overview of our companies](threefold_companies.md)
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## Genesis Pool
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To kickstart the ThreeFold Grid back in 2017 the foundation committed large amounts of capacity to the grid. This was called the [Genesis Pool](genesis_pool.md) and the tokens sold as mentioned could be used to use capacity from this pool and more.
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## History of Tokens
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For more info about history of tokens, see [token history](token_history.md).
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<h1> Token History </h1>
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<h2>Table of Contents </h2>
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- [Introduction](#introduction)
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- [Quick History Overview](#quick-history-overview)
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- [Organic Growth](#organic-growth)
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- [Farming Model Improvements](#farming-model-improvements)
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- [TFT Versions](#tft-versions)
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- [Migration](#migration)
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- [Migration from TFTv1 Rivine to TFTv1 Stellar (2020)](#migration-from-tftv1-rivine-to-tftv1-stellar-2020)
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- [Migration from TFTv1 Stellar (Staking Pool=TFTA) to TFTv2 Stellar (Trading or Production Pool=TFT)](#migration-from-tftv1-stellar-staking-pooltfta-to-tftv2-stellar-trading-or-production-pooltft)
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- [Technical Information](#technical-information)
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***
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## Introduction
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We present the ThreeFold token history and the path from TFT v1 towards TFT v2.
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## Quick History Overview
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- More than 10 years ago, this project started from out of our incubator (see [Incubaid](https://www.incubaid.com))
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- More than 6 years ago TF Foundation started deploying capacity for development purposes
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- This became our ([our genesis pool](genesis_pool.md)), which is the beginning of farming
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- In 2017-18, value of the genesis pools were about 7m USD in TFT (tokens did not exist yet)
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- Genesis pools are owned by ThreeFold Dubai (ThreeFold_Dubai).
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- March 2018 our first-generation blockchain for the ThreeFold_Token saw daylight
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- The TFT v1 was launched on a blockchain called Rivine (PTO)
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- The genesis pool resulted in the first batch initial TFT
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- The blockchain nodes were hosted by +30 different parties completely unrelated to each other
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- In Q2 2019, ThreeFold_Dubai launched our generation 1 of our TF Grid
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- April 2020 ThreeFold_Dubai launched the TFGrid v2.0 which is now public and usable by the world
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- ThreeFold has a new website and a new wiki
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- The farmers & TFT holders have at their own will upgraded their wallets, zero-nodes, ...
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- May 2020: ThreeFold_Dubai launched our 2nd version of our token called TFT but this time on Stellar
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- The original TFTv1 kept all same properties and benefits and is now called TFTA also on Stellar (is technology choice), anyone can move from TFTv1 to TFTv2
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- TF Foundation Dubai has provisioned the TFTv1 & TFTv2 on Stellar blockchain, but has no influence or access to any of the wallets or for that matter the 3Nodes (the nodes providing IT capacity)
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- See below for more info, this was the result of 12 months of work with our community and of-course consensus to do this.
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## Organic Growth
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We didn't artificially pump the value of the tokens.
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We did not issue (print) tokens and go out onto an exchange to offer these tokens to the market. This is referred to as a public ICO. Some ICOs were not very clean in how they created hype and convinced people to invest. Because of our decision not to do a public ICO, we have not been able to raise much money, but we feel that this was more aligned with our values.
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We have sold some TFT over the counter but please note every buyer could at any point in time use these TFTs to buy IT capacity, this makes these TFT purposeful, even from the very start.
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## Farming Model Improvements
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In Q2 2020 we were launching TF Grid 2.0 with updated minting rules. As part of these farming rules the max number of tokens became 4 billion, which changes the optics of the original size of the genesis token pool.
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In Q3 2021 we launched TF Grid 3.0 which has again brought improvement to the farming model. Its up to the farmers to choose if they want to change to the new farming model or not.
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### TFT Versions
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| | version 1 Rivine | version 1 Stellar | version 2 Stellar |
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| ------------------------------- | --------------------------- | ----------------- | --------------------------- |
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| blockchain tech | Rivine, proof of blockstake | Public, Stellar | Public, Stellar |
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| on public blockchain | march 2018 | 2020 May | 2020 May |
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| farmed since | +-2017 | 2020 May | tbd |
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| freely transferable (\*) | YES | YES | YES |
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| complete blockchain feature set | YES | YES | YES |
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| decentralized exchange | YES (atomic swap) | YES (Stellar) | YES (Stellar) |
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| public exchange | BTC Alpha till Dec 2019 | Stellar | Stellar, BTC Alpha & Liquid (until August 2022) |
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| freely tradable on exchange | YES | YES | YES |
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| Name on Blockchain | TFT | TFTA | TFT |
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| Purpose | v1 token | Staking Pool | Trading Pool |
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## Migration
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### Migration from TFTv1 Rivine to TFTv1 Stellar (2020)
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- TF Tech decided to no longer support development of Rivine, at this time there are better technologies available as blockchain
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- The Foundation investigated many blockchain platforms & recommended to use Stellar
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- Jimber (company which maintains the wallet, which is open source code), has made the changes in the wallet to be able to support this new blockchain
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- The conversation had to be a mandatory one, because otherwise there would be the potential of double-spending problems over both simultaneously-active blockchains
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- What happened here can be compared to a website deciding to change the database backend (change from e.g. MS Sql to Oracle). The users of the website should not have to be aware of this migration
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- Every user had to do the transaction themselves, no developer or anyone else had control over this migration step. This was an automatic step
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- Everyone can use the validation scripts available to check the correct conversion between two blockchain technologies. The validation scripts prove that every transaction in the conversion happened well
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### Migration from TFTv1 Stellar (Staking Pool=TFTA) to TFTv2 Stellar (Trading or Production Pool=TFT)
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- See [TFTA to TFT](legal@@tfta_to_tft)
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### Technical Information
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[TFTA TrustLine](https://stellar.expert/explorer/public/asset/TFTA-GBUT4GP5GJ6B3XW5PXENHQA7TXJI5GOPW3NF4W3ZIW6OOO4ISY6WNLN2)
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Accounts that got initial balances migrated them from the previous blockchain, [rivine](https://explorer2.threefoldtoken.com/).
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To validate this, each migration transaction contain hash of the rivine lock transaction in their memo in hex format.
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[Rivine block explorer](https://explorer2.threefoldtoken.com/) can be used for validation purposes.
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> Important note: The ThreeFold Token (TFT) is not an investment instrument. TFTs represent IT capacity on the ThreeFold Grid, farmers create TFT, developers use TFT.
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<h1> ThreeFold Special Wallets </h1>
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<h2>Table of Contents</h2>
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- [Introduction](#introduction)
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- [Exchange and OTC Wallets](#exchange-and-otc-wallets)
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- [ThreeFold Contribution Wallets](#threefold-contribution-wallets)
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- [Wisdom Council Wallets](#wisdom-council-wallets)
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- [Important Note](#important-note)
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- [Remarks](#remarks)
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- [Proof-of-Utilization Wallets](#proof-of-utilization-wallets)
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***
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## Introduction
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We present special wallets that hold a given amount of TFT.
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## Exchange and OTC Wallets
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| **Description** | **TFT Balance** | **Address** |
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| ------------------ | ----------- | -------------------------------------------------------------------------------- |
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| Liquid Exchange #1 | !!wiki.include page:'manual:ga7opn4a3jnhlphpewm4pjdoyydynzom7es6yl3o7nc3pry3v3ux6anm.md' | [GA7OPN4A3JNHLPHPEWM4PJDOYYDYNZOM7ES6YL3O7NC3PRY3V3UX6ANM](https://stellar.expert/explorer/public/account/GA7OPN4A3JNHLPHPEWM4PJDOYYDYNZOM7ES6YL3O7NC3PRY3V3UX6ANM) |
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| Liquid Exchange #2 | !!wiki.include page:'manual:gdskfynmzwtb3v5an26ceaq27643q3kb4x6my4uto2liidfnd4spqzyu.md' | [GDSKFYNMZWTB3V5AN26CEAQ27643Q3KB4X6MY4UTO2LIIDFND4SPQZYU](https://stellar.expert/explorer/public/account/GDSKFYNMZWTB3V5AN26CEAQ27643Q3KB4X6MY4UTO2LIIDFND4SPQZYU) |
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| gettft.com | !!wiki.include page:'manual:gbqhn7rl4lsrpr2tt74id2ujpz2axchqy2wkgctdljm3nxvj7gqhucod.md' | [GBQHN7RL4LSRPR2TT74ID2UJPZ2AXCHQY2WKGCTDLJM3NXVJ7GQHUCOD](https://stellar.expert/explorer/public/account/GBQHN7RL4LSRPR2TT74ID2UJPZ2AXCHQY2WKGCTDLJM3NXVJ7GQHUCOD) |
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| BTC-Alpha Exchange | !!wiki.include page:'manual:gbtpaxxp6534upc4mlngfgjwcd6dnsrvippozwxaqawi4fktlojy2a2s.md' | [GBTPAXXP6534UPC4MLNGFGJWCD6DNSRVIPPOZWXAQAWI4FKTLOJY2A2S](https://stellar.expert/explorer/public/account/GBTPAXXP6534UPC4MLNGFGJWCD6DNSRVIPPOZWXAQAWI4FKTLOJY2A2S) |
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## ThreeFold Contribution Wallets
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| **Description** | **TFT Balance** | **Address** |
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| ------------------------------- | ----------- | -------------------------------------------------------------------------------- |
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| TF DAY2DAY operations | !!wiki.include page:'manual:gb2c5hczywngvm6jgxdwqbjtmuy4s2hpptcah63hfaqvl2alxdw7ssj7.md' | [GB2C5HCZYWNGVM6JGXDWQBJTMUY4S2HPPTCAH63HFAQVL2ALXDW7SSJ7](https://stellar.expert/explorer/public/account/GB2C5HCZYWNGVM6JGXDWQBJTMUY4S2HPPTCAH63HFAQVL2ALXDW7SSJ7) |
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| TF Promotion Wallet | !!wiki.include page:'manual:gdlvib44lvonm5k67lupsfzmsx7g2rlyvbm5mmhuj4naqju7ch4hbjbo.md' | [GDLVIB44LVONM5K67LUPSFZMSX7G2RLYVBM5MMHUJ4NAQJU7CH4HBJBO](https://stellar.expert/explorer/public/account/GDLVIB44LVONM5K67LUPSFZMSX7G2RLYVBM5MMHUJ4NAQJU7CH4HBJBO) |
|
||||
| TF Grants Wallet | !!wiki.include page:'manual:gdkxtuynw4bjkdm2l7b5xuyfuisv52kuu4g7vpnlf4zsikburm622ypz.md' | [GDKXTUYNW4BJKDM2L7B5XUYFUISV52KUU4G7VPNLF4ZSIKBURM622YPZ](https://stellar.expert/explorer/public/account/GDKXTUYNW4BJKDM2L7B5XUYFUISV52KUU4G7VPNLF4ZSIKBURM622YPZ) |
|
||||
| ThreeFold Carbon Credit Funding | !!wiki.include page:'manual:gdijy6k2bbrirx423zfuykkfdn66xp2kmsbzfqse2psndz6edvqtrlsu.md' | [GDIJY6K2BBRIRX423ZFUYKKFDN66XP2KMSBZFQSE2PSNDZ6EDVQTRLSU](https://stellar.expert/explorer/public/account/GDIJY6K2BBRIRX423ZFUYKKFDN66XP2KMSBZFQSE2PSNDZ6EDVQTRLSU) |
|
||||
| TF Team Wallet | !!wiki.include page:'manual:gcwhwdrxypxqaoymqkb66szplm6uankgmsl4sp7lsoia6ottoyq6hbih.md' | [GCWHWDRXYPXQAOYMQKB66SZPLM6UANKGMSL4SP7LSOIA6OTTOYQ6HBIH](https://stellar.expert/explorer/public/account/GCWHWDRXYPXQAOYMQKB66SZPLM6UANKGMSL4SP7LSOIA6OTTOYQ6HBIH) |
|
||||
|
||||
## Wisdom Council Wallets
|
||||
|
||||
| **Description** | **TFT Balance** | **Address** |
|
||||
| --------------------------------------- | ----------- | -------------------------------------------------------------------------------- |
|
||||
| Liquidity/Ecosystem Contribution Wisdom | !!wiki.include page:'manual:gbv734i2sv4yddpvjmyxu3iz2aiu5geajrad4e4bqg7ca2n63nxspmd6.md' | [GBV734I2SV4YDDPVJMYXU3IZ2AIU5GEAJRAD4E4BQG7CA2N63NXSPMD6](https://stellar.expert/explorer/public/account/GBV734I2SV4YDDPVJMYXU3IZ2AIU5GEAJRAD4E4BQG7CA2N63NXSPMD6) |
|
||||
| TF Promotion Wisdom | !!wiki.include page:'manual:gai4c2bgoa3yhvqzzw7ow4fhoggywtubevnhb6mw4zafg7zaa7d5ipc3.md' | [GAI4C2BGOA3YHVQZZW7OW4FHOGGYWTUBEVNHB6MW4ZAFG7ZAA7D5IPC3](https://stellar.expert/explorer/public/account/GAI4C2BGOA3YHVQZZW7OW4FHOGGYWTUBEVNHB6MW4ZAFG7ZAA7D5IPC3) |
|
||||
| TF Grants Wisdom | !!wiki.include page:'manual:gcej7dmulftt25uh4faagoz6ker4wxayqgjusiitqd527dgtksxkbqgr.md' | [GCEJ7DMULFTT25UH4FAAGOZ6KER4WXAYQGJUSIITQD527DGTKSXKBQGR](https://stellar.expert/explorer/public/account/GCEJ7DMULFTT25UH4FAAGOZ6KER4WXAYQGJUSIITQD527DGTKSXKBQGR) |
|
||||
| TF Team Wisdom | !!wiki.include page:'manual:gaqxblfg4bzgivy6dbjvwe5eap3unhmia2pycuvly2juspvwpuf36bw4.md' | [GAQXBLFG4BZGIVY6DBJVWE5EAP3UNHMIA2PYCUVLY2JUSPVWPUF36BW4](https://stellar.expert/explorer/public/account/GAQXBLFG4BZGIVY6DBJVWE5EAP3UNHMIA2PYCUVLY2JUSPVWPUF36BW4) |
|
||||
| Wisdom Council Locked | !!wiki.include page:'manual:gaugosylcx7jztqyf2k7rimhfwksa3wsi2oq4irkxmdmve6abjijmfqr.md' | [GAUGOSYLCX7JZTQYF2K7RIMHFWKSA3WSI2OQ4IRKXMDMVE6ABJIJMFQR](https://stellar.expert/explorer/public/account/GAUGOSYLCX7JZTQYF2K7RIMHFWKSA3WSI2OQ4IRKXMDMVE6ABJIJMFQR) |
|
||||
|
||||
## Important Note
|
||||
|
||||
ThreeFold DMCC (Dubai) is in the process of acquiring a substantial number of tokens. While these tokens possess liquidity from a technical standpoint, they are not currently accessible or traded on the open market. This reserve of tokens has been allocated for our upcoming commercial rollout, and their governance will be managed through consensus based system with input from the community.
|
||||
|
||||
## Remarks
|
||||
|
||||
- All wisdom council wallets are protected by multisignature of the members of the wisdom council
|
||||
- All foundation wallets are protected by members of the foundation (4 on 6 need to sign)
|
||||
- Signatures can be checked by going to detail of account and then to the stellar link
|
||||
- The foundation will never spend tokens if the markets cannot support it and all proceeds are 100% used for the benefit of the ThreeFold project.
|
||||
|
||||
## Proof-of-Utilization Wallets
|
||||
|
||||
There are some wallets associated with [proof-of-utilization](proof_of_utilization.md). These wallets are on TFChain.
|
||||
|
||||
The addresses are the following:
|
||||
|
||||
- Mainnet ThreeFold Foundation: 5DCaGQfz2PH35EMJTHFMjc6Tk5SkqhjekVvrycY5M5xiYzis
|
||||
- Mainnet Default Solution Provider: 5Dd6adUJH8wvqb9SPC96JdZ85nK1671MeMSxkPZ6Q7rE4byc
|
||||
- Testnet ThreeFold Foundation: 5H6XYX17yJyjazoLVZqxxEPwMdGn99wginjmFBKtjvk8iJ3e
|
||||
- Testnet Default Solution Provider: 5Esq6iLLBGGJFsCEXpoFhxHhqcaGqTvDasdwy8jPFDH1jYaM
|
||||
- Staking Pool: 5CNposRewardAccount11111111111111111111111111FSU
|
||||
|
||||
To check the balance of any of those wallets, follow those steps:
|
||||
|
||||
- Go to the Polkadot API ([Mainnet](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Ftfchain.grid.tf#/chainstate), [Testnet](https://polkadot.js.org/apps/?rpc=wss%3A%2F%2Ftfchain.test.grid.tf#/chainstate))
|
||||
- Under `selected state query`, select `system`
|
||||
- On the right drop down menu, select `account(AccountId32): FrameSystemAccountInfo`
|
||||
- Under `Option<AccountId32>`, write the wallet address of one of the three accounts displayed above
|
||||
- Click on the `plus` button on the far right of the `selected state query` line.
|
||||
|
||||
As a general example, here's what it looks like:
|
||||
|
||||
|
||||
|
||||
Here are the outputs for three wallets shown above:
|
||||
|
||||
- Mainnet ThreeFold Foundation
|
||||
|
||||
|
||||
|
||||
- Mainnet Default Solution Provider
|
||||
|
||||
|
||||
|
||||
- Testnet ThreeFold Foundation
|
||||
|
||||
|
||||
|
||||
- Testnet Default Solution Provider
|
||||
|
||||
|
||||
|
||||
- Staking Pool
|
||||
|
||||
|
||||
|
||||
> Note: To get the proper TFT amount, you need to account fo the fact that TFT uses 7 decimal places. For this reason, to get the proper quantity in TFT, move the decimal place by dividing by 1e7 (i.e. 1x10⁷).
|
||||
@@ -1 +0,0 @@
|
||||
3340735.94
|
||||
@@ -1 +0,0 @@
|
||||
258.80
|
||||
@@ -1 +0,0 @@
|
||||
5000000.00
|
||||
@@ -1 +0,0 @@
|
||||
10468506.00
|
||||
@@ -1 +0,0 @@
|
||||
12447988.00
|
||||
@@ -1 +0,0 @@
|
||||
2908686.63
|
||||
@@ -1 +0,0 @@
|
||||
1832242.73
|
||||
@@ -1 +0,0 @@
|
||||
16999920.00
|
||||
@@ -1 +0,0 @@
|
||||
10000000.00
|
||||
@@ -1 +0,0 @@
|
||||
328241.81
|
||||
@@ -1 +0,0 @@
|
||||
10110962.98
|
||||
@@ -1 +0,0 @@
|
||||
12996500.00
|
||||
@@ -1 +0,0 @@
|
||||
14784445.77
|
||||
@@ -1 +0,0 @@
|
||||
0.00
|
||||
@@ -1,89 +0,0 @@
|
||||
<h1> ThreeFold Token Overview </h1>
|
||||
|
||||
<h2>Table of Contents </h2>
|
||||
|
||||
- [Introduction to TFT](#introduction-to-tft)
|
||||
- [Proof-of-Capacity](#proof-of-capacity)
|
||||
- [Proof-of-Utilization](#proof-of-utilization)
|
||||
- [Proof-of-Utility Distribution Flow](#proof-of-utility-distribution-flow)
|
||||
- [TFT Distribution](#tft-distribution)
|
||||
- [TFT Marketcap and Market Price](#tft-marketcap-and-market-price)
|
||||
- [Complemetary Information](#complemetary-information)
|
||||
- [Disclaimer](#disclaimer)
|
||||
|
||||
***
|
||||
|
||||
## Introduction to TFT
|
||||
|
||||
ThreeFold tokens, or TFTs, are exclusively generated when new capacity is added to the TF Grid. There are no centralized issuers. Tokens have not been created out of thin air.
|
||||
|
||||
While the ThreeFold Grid can expand, a maximum of 1 billion TFTs can ever be in circulation. This limit ensures stability of value and incentivization for all stakeholders.
|
||||
|
||||
TFT lives on the Stellar Blockchain. TFT holders benefit from a big ecosystem of proven wallets and mediums of exchange.
|
||||
|
||||
By employing Stellar technology, TFT transactions and smart contracts are powered by one of the most energy-efficient blockchains available. Furthermore, TFT is the medium of exchange on the greenest internet network in the world. The market for farming, cultivating and trading TFT is open to all.
|
||||
|
||||
Anyone with internet connection, power supply and necessary hardware can become a Farmer or trade ThreeFold tokens (TFT).
|
||||
|
||||
By farming, buying, holding, and utilizing ThreeFold Tokens, you are actively supporting the expansion of the ThreeFold Grid and its use cases — creating a more sustainable, fair, and equally accessible Internet.
|
||||
|
||||
## Proof-of-Capacity
|
||||
|
||||
ThreeFold uses proof-of-capacity to mint tokens. Since the genenis pool, all tokens that are being minted are the result of farming. Minting will stop during 2024, to keep the total amount of TFT at 1 billion, instead of the previously planned 4 billion. Read more about this [here](https://forum.threefold.io/t/end-feb-2024-update-from-the-team/4233).
|
||||
|
||||
> For more details, see [Proof of Capacity](proof_of_capacity.md)
|
||||
|
||||
## Proof-of-Utilization
|
||||
|
||||
TFT is used on the TFGrid to purchase network, compute and storage resources through the proof-of-utilization protocol.
|
||||
|
||||
### Proof-of-Utility Distribution Flow
|
||||
|
||||
|
||||
|
||||
> For more details, see [Proof-of-Utilization](proof_of_utilization.md)
|
||||
|
||||
## TFT Distribution
|
||||
|
||||
The supply distribution of TFT is as follows:
|
||||
|
||||
| Supply Distribution | Qty (Millions) |
|
||||
| ------------------- | -------------- |
|
||||
| Total supply | 942 |
|
||||
| TF Foundation Supply | 162 |
|
||||
| Circulating supply | 780 |
|
||||
| Maximum supply | 1000 |
|
||||
|
||||
The total supply of TFT is distributed as follows:
|
||||
|
||||
| Total Supply Distribution | Qty (Millions) |
|
||||
| ------------------------------------------- | -------------- |
|
||||
| TF Foundation: Ecosystem Grants | 22 |
|
||||
| TF Foundation: Promotion & Marketing Effort | 100 |
|
||||
| TF Foundation: Ecosystem Contribution & Liquidity Exchanges | 40 |
|
||||
| Genesis Pool & Farming Rewards | 780 |
|
||||
|
||||
## TFT Marketcap and Market Price
|
||||
|
||||
The TFT market price and marketcap are as follows:
|
||||
|
||||
| **Description** | **Value** |
|
||||
| ------------------------- | ------------- |
|
||||
| TFT Market Price | 0.028 USD |
|
||||
| TFT Market Cap | 21,840,000 USD |
|
||||
|
||||
The market cap is equal to the product of the TFT market price and the circulating supply.
|
||||
|
||||
> Market Cap = (TFT Market Price) X (TFT Circulating Supply)
|
||||
|
||||
The values here are subject to change. Check the current market conditions.
|
||||
|
||||
## Complemetary Information
|
||||
|
||||
- [ThreeFold History](threefold_history.md)
|
||||
- [Token History](token_history.md)
|
||||
|
||||
## Disclaimer
|
||||
|
||||
> Important Note: The ThreeFold Token (TFT) is not an investment instrument.
|
||||
TFTs represent IT capacity on the ThreeFold Grid, farmers create TFT, developers use TFT.
|
||||
Reference in New Issue
Block a user