2.1 KiB
The ThreeFold Token
The New Internet Economy
The People’s Internet creates an entirely new P2P Internet and Cloud economy that is owned by all of us and makes the traditional cloud model of building data centers obsolete.
Earn TFT
TFT is earned when 3Nodes provide Internet capacity and keep it connected to the People’s Internet to store data and run workloads over the grid. Every month, Farmers are rewarded according to the proof-of-capacity.
Use TFT
TFT is used by people and companies to store their files and run their applications on the grid. When using ThreeFold, data can be tied to a single-user or consensus, and can be retrieved only via smart_contract_it .
What is TFT?
TFT represents a unit of Internet capacity on the People’s Internet. It allows people and companies to reserve and use Internet capacity on the Threefold Grid without any intermediaries.
To buy TFT, users can go to exchanges or accredited Farmers. Like most digital currencies, TFT is transferable to any other compatible wallet.
TFT Distribution
Year 1 breakdown (launched March 2020)
- Community and Team ( %)
- Farming Infrastructure ( %)
- ThreeFold Foundation ( %)
- Investors to the project ( %)
TFT distribution over time
The distribution of TFT will evolve over time to align with the vision of the Threefold Foundation and the needs of the grid.
In the early days, a higher proportion of TFT was allocated to Farmers to incentivize the growth of the ThreeFold Grid and empower the Foundation.
As the grid grows, Farmers will earn less for expanding the infrastructure and more from utilization…
When using TFT, 50% of the transaction goes to Solution Providers and Sales Channels, 10% to the ThreeFold Foundation, 5% to staking pool and the rest is burnt to ensure scarcity and deflation.
Maximum Supply of 4B TFT
TFT supply comes from farming with compatible 3Nodes that both farm TFT and provide Internet capacity for people and companies.