AMA with ThreeFold

Introduction with ThreeFold

Riswan Rasheed:
Q1. Can you tell us what was the motivation behind developing THREEFOLD and when did you guys start working on it ?

Benjelloun Oussama:
Absolutely! my personal motivation is the ability to make the Internet a lot more inclusive, distributed around the globe, and accessible for all.

Nickolay Victorovich Babenko:
I joined in 2017, but our main founder, Kristof De Spiegeleer had big vision long before that - he had 6 great exits in the similar space before with his previous startups.
Our primary motivation is to make this world a better place and we believe this can go hand in hand with making nice projects and business. First is the right cause and then resources will come.
We want to give back to people right for their data and apps.

Weynand Kuijpers:
the journey has been a long time ago. A couple of us in the business of building early day datacenters where alreayd convinced tha the amount. of money, complexity and people need to run these large scale infrastructure would be very hard to keep up. The result of that is that anly a few (monopolies) have been able to build a massive business out of that.

Through years of innovation and creating startups ( with exits) we have collected the courage (and financial means) to start about 5 years ago a foundation and tech company to start realising our dreasm: create for 1Billion people all the compute and storage capacity they need in a decentralised way to less than one (1) USD per month. This is wha the world needs and this takes a lot of effort to simplify and rethikn existing ways to do things.

Nickolay Victorovich Babenko:
we are ready for the next one :)

Riswan Rasheed:
Sure. I'm just reading the answers

Q2. Can you tell us about 3Node and the OS that it runs called Zero OS ?

Nickolay Victorovich Babenko:
3node is a piece of hardware that runs ZeroOS, our lightweight network-booted OS specifically designed for distributed internet of the future.

any intel-based or AMD-based hardware can run ZeroOS, on top of this there are ready-made plug-and-play 3nodes that people can just buy and start farming on ThreeFold Grid if they do not want to learn more about how to set up their own farming hardware

Here you can find options and detailed description on how people can become farmers on ThreeFold Grid: https://wiki.threefold.io/#/threefold__start_farming

Weynand Kuijpers:
Zero OS is a real light weight OS that does nothing more than exposing the peripheals in the server / computers. Any computer / servers will do. Since we want compute and storage capacity to be owned by anyone in any location it needs to be a very safe OS. The OS does not allow people (you, me , anyone) to interact with it. Not with a keyboard nor over the network.

The only way a node (server/computer with zero-os) discovers what it needs to do is when it "sees" in a ledger (read operational blockchain) a description of a task. This taks is committed to this operational blockchain bu means of consensus between people (architect, developer, server owners and the consumer).

A very different and safe way to run distributed applications.

Benjelloun Oussama:
more info here: https://threefold.io/farming/

Riswan Rasheed:
Q3. How will THREEFOLD benefit Farmers , empower global education and to summarize Decentralize everything?

Nickolay Victorovich Babenko:
we have two type of farmers in our ecosystem :)
Hardware farmers that farm TFT by connecting their hardware to the grid - they provide capacity to the grid and earning income by doing so. This is a huge market and now anyone can become part of it, not only big cloud corporations.

And we also have real farmers, believe it or not, in our ecosystem - https://www.solidaridadnetwork.org/ is our big partner, they are non-profit and connect huge amount of real farmers all around the world. They added ThreeFold Grid to their long-term strategy and will push it as an additional income option to the farmers and as a way to build IT and data infrastructure in rural areas, as this will lead to an economy boost for them

Benjelloun Oussama:
Great question, ThreeFold brings value to every party involved in its ecosystem, whether they are farmers, developers, and internet users! one of the foundational principal in how we build the ThreeFold technology and how these parties interact within the ThreeFold grid: Is total decentralization, and P2P ( peer-to-peer ) interactions , ThreeFold decentralized the IT stack/cloud computing for every web3 and web3 app. and does the same thing on the other side of the equation - decentralizing the internet for people, while focusing on data privacy and security

Weynand Kuijpers:
Education is one of my favorite topics. I haev two sons (14/17) and I see them go through the same material that I had in school 35 year s ago. That canot be.

We want to make education go beyond the local schools, connect kids around the world and get them involved in projects to increase sustaonability, to thikn about a number of the worlds problems bu no limited by political, economical and countriy boundaries.

I think the pandemic has proven that you can make giant steps forward in learning by using moderm day technologies and breaking free of the known systems.

So what were doing is working with TAG, who has 2M+ student organising them around global topics for all parts of the world and bringing them technology to run global projects, create, collect and share learnings beyiong the traditional boundaries.

https://www.takeactionglobal.org/

Riswan Rasheed:
Q4. How to acquire THREEFOLD native project token and why should we hold it from investment point of view?

Benjelloun Oussama:
Great question, every individual is able to get his/her hands on the ThreeFold token ( TFT), that is the medium of exchange in this new Peer to peer internet, people can get it through Liquid exchange, one of the top 10 exchanges, and on PancakeSwap 🥞 TFT on PancakeSwap
🛒 Other Ways to Buy TFT

( more exchanges and DEXs down the line)

Nickolay Victorovich Babenko:
Its quite easy, TFT is existing on Stellar blockain as well as on Binance Smart Chain,
It can be bought directly in our app, ThreeFold Connect https://wiki.threefold.io/#/threefold__threefold_connect

Also, it is traded on Liquid Exchange, PancakeSwap, Stellar Dex and BTC-Alpha:
Here are also some forum posts on how to trade it: https://forum.threefold.io/t/useful-guides-and-information-how-to-buy-and-trade-tfts/904

ThreeFold token is limited (4B Max, with 800M existing now, and ~270M unlocked). TFT is the only mean to buy decentralised capacity on ThreeFold Grid. Therefore the value of TFT will grow with the growth of the grid.
We have nice explanation on how tokenomics works in our wiki https://wiki.threefold.io/#/threefold__tokenomics
will all details about current token stats: https://wiki.threefold.io/#/threefold__token_overview

There are also plans to add some nice improvements into tokenomics that will make TFT even more valuable

Benjelloun Oussama:
addressing the point of holding it from an investment perspective - we mostly focus on developing great products that bring value to people and enterprises, instead of focusing on creating Hype - we have the largest decentralized cloud capacity in the world, and it keeps expending everyday. The ThreeFold network is growing at a rapid scale, and so does TFT' adoption and usage, but we definitely have some extra miles to cross

Riswan Rasheed:
Q5. What are some of the biggest developments on track for completion this year for THREEFOLD?

Nickolay Victorovich Babenko:
We are expanding our community and there are some nice ideas, as I mentioned before to improve tokenomics. We are discussing right now and planning to add staking ability that will give good discounts for capacity reservation to people that hold TFT. So if you are an app user or software developer and you know that you need X GB of storage and X CPU for the next 6 month, you will be able to lock up TFT now and get good discount in price.

Benjelloun Oussama:
ThreeFold has achieved many milestones this year from multiple perspectives, whether technological, partnerships, Network size, adoption, etc.. from a partnerships perspective, we have created perhaps one of the largest blockchain ecosystems in the space, comprising multiple top tier Blockchain protocols and dApps, to name a few: Digibyte, Casper Labs, Polygon, Dash, Neo, Harmony, Skale labs, tomochain, and many more

Nickolay Victorovich Babenko:
We are also integrating with our partner blockchain projects and some nice announcements will be made soon. The big point is that we are not a competitor to other blockchain projects - rather, we are a substrate layer that allows any blockchain and non-blockchain project to become truly decentralised and more secure

Benjelloun Oussama:
you can learn more about our partners in here : https://threefold.io/partners

Weynand Kuijpers:
The grid has been live since 2018 and we are planning to relaease v3.0 later this year. This will have integration with a number of the major blockchains out there where we want to be a mutichain projects (technology wise we need and use blockchains to organise and create autonomoy in the technology layers of the compute and storage utility).

With regards to products (we're not planning to be a product organisation like electricity - we see ourselves as a utlity on which others will build products, cloud, decetrnalised blockchain deployments, decentraliased storage and archiving etc) . But - we will launch two thing atht can be used by anybody:
- quantum safe storage (encryption is not the major security element - hence quantum sage)
- blockchain jukebox ( single click blockchain node deployments for leading projects.

And then one more thing - a very exciting very close partnehip with the DigiByte foundation - we will publish a lot more abot tha tin the coming weeks.

Benjelloun Oussama:
more info about the ThreeFold technology: https://info.threefold.io/#/internet4__technology

Riswan Rasheed:
Community please note it 📝

Community ask questions from Twitter

Riswan Rasheed:
Q1) Partnership and community are the key to the success of projects, can you tell me How Threefold will expand the partnership and which markets will Threefold focus on?

@aravindtpi

Weynand Kuijpers:
We all work towards a common goal: https://freeflownation.org/

This is the overarching primciple / manifesto in terms of what we want to achieve. We find a lot of people buying into this and wanting to be part of this.

Nickolay Victorovich Babenko:
As I mentioned before, we are not a competitor to other blockchain projects. Anyone can run on top of ThreeFold. So everyone who took some time to learn about our project was super excited to join efforts and build something together. We already have huge amount of nice partners - big corporations like hpe.com, blockchain projects like casperlabs.io and many others, big non-proft organisations, and many more https://threefold.io/partners.

We are rapidly expanding our partner network but we have limited resources right now to support all of them, so we need your support! :)

Benjelloun Oussama:
good question, the ThreeFold decentralized cloud can be used by any company, in any industry, that is entering the digital world, Blockchain-based or non-blockchain-based. but We have been attracting a lot of attention particulary from the Blockchain industry, as those protocols and dApps need what we have built - a decentralized cloud with P2P storage and P2P compute - empowering them to build decentralized apps from the ground up

Riswan Rasheed:
Q2) Does your project support staking program?if yes. how is your stake system work, what is the requirement for user if they want to stake in your platform?

@bapunpotl

Nickolay Victorovich Babenko:
right now we have only vesting program, which is voluntarily lockup of the tokens by community members to show everyone that they are long-term with ThreeFold. Current vesting program does not give direct incentive to people who vest their tokens but help overall ecosystem by limiting amount of tokens in circulation. Right now we have 385M TFT vested by people, plust 43M time-locked

To know more about how and when vested tokens will be unlocked in the future you can read here: https://wiki.threefold.io/#/threefold__vesting_overview

Benjelloun Oussama:
besides staking, we have a Liquidity program on PancakeSwap, enabling people to contribute to our Liquidity pools on Pancake, we woud love to have some of you involved: you can start here: https://info.threefold.io/#/threefold__liquidity_provider

Weynand Kuijpers:
We are bringing staking to the token economy. We have not had a formal staking program but we're currently considering to put staking forward. The idea we're talking about our community is to provide a staking mechanism that will result in a discount for consuming capacity. For example - I need to have 1 PB of data stored for the next 6 months. This costs 10k tokens. If I stake (or pooled staking) 3 times that amount of tokens in a wallet I get 10% discount on the ultility payment. The higher the number of staked tokens the higer the level of discount.

For large consumers of this utility this will present real benefits which can be pushed back tot he stakers (stake poolers) in the form of tokens, or (TBD) regular USD.

Riswan Rasheed:
Q3) Customer support is the biggest aspect of any successful project. Do you have specific plans to attract and expand the customer and improve the user experience?
@javidhnaval

Benjelloun Oussama:
Of course! improving the user experience is a never ending process, there is always room for improvement and innovation. we do have multiple plans to expand our user base as well as the ecosystem of enterprises, and developers building awesome stuff on top of us.

one of our current goals it to support and help as many developers as possible to come leverage our decentralized cloud for a new type of apps: web4 apps

Nickolay Victorovich Babenko:
we are pretty open to our community, and sometimes you even cannot cross the border between the team and communtiy. Please join our telegram: https://t.me/threefold, forum: http://forum.threefold.io/ and reddit: https://www.reddit.com/r/threefold/

Weynand Kuijpers:
As said earlier - we're the utility on which people will build end users experiences. We expect fantastic enduser experirences with group support modesl around it. The one very exciting things that is coming is the coperation with the DigiByte community - we will enable a technology blend between the two stacks, and build a seperate brand that will build a customer, enduser and even enterprise support model for it........ Exciting!

Riswan Rasheed:
Thanks for the wonderfully detailed answers.

Live Questions answered by ThreeFold

1)Truong Tran:
Can you tell us about your team members? are they qualified and professional in their fields? what are the recruiting qualifications for team members for your extraordinary project? thank you....Is your project listed on coingecko and coinmarketcap or not???

Weynand Kuijpers:
All of us have a history in IT or crypto : https://threefold.io/people

2)Lucy Chan:
While you build your project, do you take into account community feedbacks and demands?While you build your project, do you take into account community feedbacks and demands?

Weynand Kuijpers:
Very much like feedback - joing the ThreeFold group and start influencing.

3)Jackson:
Hello sir,🌹
👉Token burning is beneficial to any project because it can control the number of tokens in circulation and provide investors with greater incentives. Does your great project have a plan for token burning?💓💓

Weynand Kuijpers:
yes - 25% of all the tokens used to book capacity are going to be burnt.

4)Princess Mim:
Is your project fully decentralized? There i see many projects claiming to be fully decentralized but they done their work in centralized club. How can we sure that you are fully decentralized?

Nickolay Victorovich Babenko:
we are on our way toward true and real decentralised, that starts with the decentralisation of autonomous hardware. Of course some parts of our system are not fully decentralised yet, but we are conscious about it and we are on our way :)
We are very open about it and you can read a lot of information about all this details in our wiki: https://wiki.threefold.io/#/threefold__decentralization

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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🎉Welcome 🎉 We are a community who eats, sleeps and drinks crypto 😉 Contact👇@cryptoTALK01 @UniqueBoyDK for AMA and project promotions♻️ decentralizedclub.net

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