projectmycelium/specs/tfp.md

TFP

• TFP = TFPoint
• TFT = Mycelium Token
• PEAQ = the DePIN token from the Peaq Network System

TFP Price and Value

• 1 TFP = 0.1 USD (fixed price)
• TFP serves as a stable medium of exchange within the Mycelium ecosystem

Liquidity Pools

The following liquidity pools enable exchange between TFP and other currencies:

Fiat - TFP Pool

• Users can purchase TFP with fiat currency (USD, EUR, etc.)
• The exchange rate is fixed at 0.1 USD per TFP
• Provides direct entry into the Mycelium ecosystem for new users

TFP - TFT Pool

• Allows exchange between TFP and Mycelium Tokens (TFT)
• Enables token holders to utilize the marketplace
• Exchange rates will follow market dynamics

TFP - PEAQ Pool

• Facilitates exchange between TFP and PEAQ tokens
• Connects the Peaq Network ecosystem with Mycelium
• Exchange rates will follow market dynamics

revenue split & locks

• revenue gets split between validators / threefold & the provider
• the provider part gets locked in for 3 months, slashing will happen on those 3 months if SLA not achieved.

Staking

• new farmers will have to stake TFP, this will be shows when users select a node
• existing farmers can optionally stake TFP

Slashing

• if Service providers don't live up to the SLA they loose all or part of their Staked/Locked TFP see above

Discount System

• Users can lock TFP for a chosen period (X months)
• The amount of locked TFP determines the user's discount level
• Higher amounts of locked TFP result in greater discounts
• The service provider (e.g. farmer) defines discount tiers based on locked TFP amounts
• Typical discount tiers:
  • 100-500 TFP: 5% discount
  • 501-1000 TFP: 10% discount
  • 1001-5000 TFP: 15% discount
  • 5001+ TFP: 20% discount