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Tokenomics

INCA is our utility like token empowering our ThreeFold grid.

Users use INCA tokens to deploy web solutions on top of the ThreeFold grid

Farmers generate INternet CApacity and earn INCA tokens:

  • Proof of Capacity:
    • rewards are available upto 40m INCA per month to reward Farmers to deploy capacity on strategic locations
  • Proof of Utilization:
    • 80% of the INCA as used to buy the Internet Capacity goes to Farmers and their Farming Pools.

INCA = INternet CApacity​

The INCA token allows anyone, anywhere, to access the ThreeFold ecosystem.

  • ThreeFold V4 is a self-healing data, network, and cloud Internet infrastructure laying the foundation for Web4.
  • It is composed of nodes, routers, and phones, all connected to the ThreeFold Network and compatible with the current Internet.

Expansion Phase of the Grid​

ThreeFold is now entering the expansion phase of the grid, aiming to grow to millions of nodes. To achieve this bold goal, we are launching the INCA token, the continuation of the ThreeFold Token (TFT):

  • TFT, capped at 1 billion tokens, has supported us for years, enabling the development of the most advanced and complete decentralized cloud engine.
  • Our new token, INCA, continues TFT's legacy. Each TFT can be converted into INCA on a 1:1 basis, with vesting over 18 months.
  • INCA is our DePIN token (Decentralized Physical Infrastructure Network) that will fund the expansion to a planetary scale.

Note: The current TFT is only available on Stellar and Binance Smart Chain, with low liquidity and market cap. It has not been actively promoted and reflects the foundational work of the existing ThreeFold Community. INCA, however, serves as our launch token for potentially one of the largest and most meaningful projects in the DePIN space.

Technology and Tokenomics​

  • The technology behind ThreeFold is rock solid, tested for years on mainnet. With INCA, we now enter the expansion phase to grow the grid to millions of nodes.
  • Liquidity optimization is a key goal, enabled through an innovative, fiat-ready, and cross-chain marketplace.
  • Over 70% of TFT is allocated to the community, ensuring that INCA's tokenomics support organic expansion and provide resources for ThreeFold community members to thrive and build.
  • The INCA release guarantees a fair and resilient distribution, fostering a strong and sustainable ecosystem.

ThreeFold V4, powered by INCA, represents a transformative step toward a decentralized, scalable, and resilient future for the Internet. Together, we are building the foundation for Web4.

Basics of the tokenomics​

Distribution​

The ThreeFold INCA token distribution (includes the TFT) is carefully crafted to ensure a major allocation to the community. There can never be more than 4 billion tokens.

By prioritizing community growth, we're creating a collaborative environment where everyone can benefit from their contributions and participate in the project's success. This balanced distribution ensures that a significant amount of tokens is dedicated to the community, creating opportunities for growth and development within our ecosystem.

  • 55%: Farmers and Tech
    • People expanding the network with Router & Node capacity over the multiple releases
    • 18.1%: Farmers & Tech ThreeFold Grid 1-3 (+95% minted, Nov 2024)
    • 36.9%: Farmers ThreeFold Grid 4+ (0% minted, Nov 2024)
  • 7.5%: Community Expansion Rewards
    • Promotion of the TFGrid, Marketing Activities, ...
  • 7.5%: Grants
    • We want to expand and build our project together with the community
  • 3.8%: Liquidity Providing
    • DEX, Exchanges, etc.
  • 2.5%: ThreeFold Treasury
  • 11.3%: Investors
  • 12.5%: Team

Do note this table is still under deliberation and can change

INCA Token​

The ThreeFold INCA tokenomics for the ThreeFold Grid 4.0 has been designed to promote an active ecosystem of cloud users, farmers, and validators. It presents a robust liquidity strategy that ensures seamless transfers and secure transactions within our cloud marketplace. Furthermore, by allocating 40 million tokens per month (averaged out) for farming grants, we're empowering individuals and organizations to contribute to the grid's growth and development.

The proof-of-utilization rewards are distributed in a simpler manner:

  • 60% goes to the farmer hosting the node
    • As a reward to provide resources to users
  • 20% goes to the Farming Pool
    • As a reward to provide support, SLA, etc.
  • 20% to ThreeFold, Guardians, Validators
    • As a reward to host, stabilize and secure the grid

The following chart provides an overview of the INCA ecosystem:

Get INCA Tokens​

There are only two ways to get INCA tokens.

  • You can reserve an INCA node to be among the first farmers out there to farm newly minted INCA.
  • You can farm the remaining TFT on ThreeFold Grid V3 and convert them to INCA with a one-to-one correspondance.