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projectmycelium/specs/points.md

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Mycelium Points (TFP) System

The TF Marketplace operates on a TFP system where value is exchanged between suppliers (providers) and consumers through TFP. This creates a balanced marketplace where participants can both earn and spend TFP based on their contributions and needs.

Core Principles

  • TFP = Mycelium Tokens represent value exchanged within the marketplace
  • Suppliers provide services/products and earn TFP
  • Consumers use services/products and spend TFP
  • The same entity can be both supplier and consumer in different contexts
  • TFP facilitate direct value exchange without traditional currency intermediaries

Exchange Categories

The table below illustrates how TFP flow between suppliers and consumers across different service categories:

Category Supplier Consumer Exchange Mechanism
Compute Farmers provide slices (compute resources) Users reserve and utilize slices Consumers pay TFP to suppliers based on slice utilization
3Nodes Hardware owners selling physical computing equipment Users looking to acquire hardware (hosted or physically transferred) Buyers pay upfront TFP to sellers based on hardware value
Mycelium Gateways (MGW) Gateway providers offer internet connectivity Users access the internet through gateways Consumers pay TFP for bandwidth consumed through the gateway
Bandwidth Providers Entities with significant bandwidth capacity TF-run Mycelium Gateways Providers paid TFP based on TB of bandwidth delivered
Mycelium Names TF COOP (name provider) Users registering names Consumers pay TFP based on name length (shorter names cost more TFP)
Human Energy Service providers (designers, admins, trainers, developers) Users of professional services Consumers pay TFP directly to service providers based on agreed rates
Application Services Solution providers End users Unique model: users provide slices to solution providers, maintaining sovereignty over deployed solutions
Money Exchange, phase 2 TFP sellers TFP buyers TFP can be bought/sold for currencies (TFT, USD, etc.) through liquidity pools

Benefits of the TFP System

  • Sovereignty: Users maintain control over their resources and deployed solutions
  • Flexibility: Participants can be both providers and consumers
  • Efficiency: Direct value exchange without intermediaries
  • Sustainability: System encourages balanced contribution and consumption
  • Liquidity: TFP can be exchanged for traditional currencies when needed through liquidity pools

Governance

The TFP system is governed by transparent rules and community consensus, ensuring fair exchange rates and preventing manipulation.

Note: For information about the slashing mechanism for farmers who fail to meet SLAs, please refer to the farmers.md document.