90 lines
2.4 KiB
Markdown
90 lines
2.4 KiB
Markdown
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# Plan B
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Simple model where TFT can convert into INCA.
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## Tokens
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- 1 TFT -> 3 INCA
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- the mechanism in which this happens needs to be defined
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- max 4 billion INCA
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## How to go from TFT to INCA
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> 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.
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- mechanism hasn't been defined yet
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- there might be conditions to conversion
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- vesting?
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- requirement to put some cash in a liquidity pool?
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- others?
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## the 1 billion INCA = airdrops/rewards for
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- promotion
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- technical achievements
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- reward for farmers and other contributors
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- peer2peer promotion program
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Governance
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- ThreeFold Wisdom Council, to be created, 9 people, 6 need to agree.
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- 1 OurWorld (MWW)
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- 1 ThreeFold DMCC (Adnan)
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- 1 TF9 (Kristof)
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- 1 Sikana (Greg)
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- **5 people with name in community**
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- Budgets get allocated to projects on git.threefold.info, clear stories with clear budget allocations and cashflow tracking or time tracking.
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# Tokenomics
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> this is only a suggestion, the DePIN advisor team will probably come up with improvements and other requirements.
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The following is the chart suggesting how the INCA might be distributed.
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```echarts
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option = {
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title: {
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text: 'INCA Token',
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subtext: 'Distribution',
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left: 'center'
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},
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tooltip: {
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trigger: 'item'
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},
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series: [
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{
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name: 'Distribution',
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type: 'pie',
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radius: '70%',
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data: [
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{ value: 75000, name: 'TFT Conversion' },
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{ value: 10000, name: 'Farming Rewards' },
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{ value: 2500, name: 'Liquidity' },
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{ value: 2500, name: 'Airdrops' },
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{ value: 2500, name: '3Node Rewards' },
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{ value: 2500, name: 'Developer Grants' },
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{ value: 5000, name: 'Community Grants' }
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],
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emphasis: {
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itemStyle: {
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shadowBlur: 10,
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shadowOffsetX: 0,
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shadowColor: 'rgba(0, 0, 0, 0.5)'
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}
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}
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}
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]
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};
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```
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No INCA tokens are used for funding or reward of existing team, this all comes out of the historical TFT Tokens.
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- The 75% is the big one and is for conversion of TFT to INCA (1 TFT becomes 3 INCA)
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- The other 25% is all for rewarding the ecosystem to make INCA succesfull.
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## Distribution Detail
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