Article Summary, Automatically Generated By AI
About ThreeFold
Key Points
- Founded in 2016, ThreeFold is a peer-to-peer Internet and Cloud stack.
- Driven by an open-source community, focusing on a decentralized Internet infrastructure.
- ThreeFold Token (TFT) is a utility token for exchanging Internet and Cloud resources.
Founders
- Kristof de Spiegeleer: co-founder and CEO, with experience in building data centers and cloud automation.
- Co-founders include Adnan Fatayerji, Weynand Kuijpers, Owen Kemp, and more.
Uniqueness
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About ThreeFold: Empowering a Decentralized Internet
Introducing ThreeFold (TFT): A Revolutionary Blockchain Ecosystem
Established in 2016, ThreeFold is a pioneering, fully comprehensive peer-to-peer Internet and Cloud stack, designed to facilitate universal access to a robust, smart contract-based infrastructure. As outlined in its documentation, ThreeFold empowers the seamless hosting of any current or future digital workload, including blockchains, IoT networks, oracles, decentralized organizations, and applications, directly on its ultra-secure, tamper-proof, and highly efficient decentralized infrastructure.
ThreeFold is propelled by a vibrant open-source community comprising projects, stack developers, node operators, infrastructure experts, and other stakeholders. United by a shared vision, they strive to create a truly decentralized Internet infrastructure that is universally accessible, affordable, and available to all, everywhere.
The ThreeFold Token (TFT) is a utility token meticulously designed to facilitate seamless participation in the exchange of Internet and Cloud resources within the network, eliminating the need for intermediaries. By providing node operators with a steady monthly income, it incentivizes their involvement, while also empowering developers to build and deploy workloads.
Delve into the world of ThreeFold by exploring their official website, where you can uncover the intricacies of their innovative approach.
The Visionaries Behind ThreeFold: Meet the Founders
Kristof de Spiegeleer, co-founder and CEO of ThreeFold, boasts an impressive pedigree. Following the completion of his master’s degree in computer engineering at the University of Gent, de Spiegeleer pioneered the development of Europe’s inaugural data center with PSI Net in the mid-1990s. Subsequently, he founded several ventures that revolutionized cloud automation and internet storage, which were subsequently acquired by industry giants such as Symantec, Verizon, Oracle, and TeleNet, among others.
In 2014, he embarked on a journey to connect with fellow industry visionaries, including Adnan Fatayerji, Weynand Kuijpers, Owen Kemp, and numerous others, who would eventually become co-founders of ThreeFold. United in their vision, they resolved to start anew, driven by the ambitious goal of crafting the most decentralized Internet and Cloud infrastructure, poised to empower the web3 and web4 eras.
Unveiling the Unparalleled Distinctions of ThreeFold
ThreeFold pioneers a novel approach by building a blockchain-enabled infrastructure from the ground up, leveraging the Linux Kernel. This deliberate design choice allows for the elimination of redundant code and backdoors, thereby mitigating the inefficiencies and security vulnerabilities inherent in current Internet and Cloud models. The cutting-edge technology employed by ThreeFold facilitates quantum-grade security and achieves remarkable energy savings of up to 10 times for storage workloads.
By introducing a groundbreaking quantum-safe storage system, a cutting-edge docker container environment, and a secure peer-to-peer network, they have successfully created the most comprehensive, secure, and decentralized internet and cloud infrastructure globally. Seamlessly integrating with industry-leading tools and frameworks, their operating system is compatible with any application that runs on Linux, ensuring unparalleled flexibility and versatility.
Beyond a mere Internet or Cloud endeavour, ThreeFold embodies the foundational substrate for a decentralized Internet and cloud ecosystem.
The Circulating Supply of ThreeFold Tokens: An Overview
In June 2020, ThreeFold Token (TFT) successfully listed on the Liquid exchange, accompanied by the announcement of a total and maximum supply of 4,000,000,000 TFT tokens. The current supply and token distribution can be conveniently tracked in the ThreeFold Library.
According to the documentation, a substantial 75% of the total token supply is earmarked for node operators and the incentivization of the ecosystem, thereby fostering a robust and thriving environment. Furthermore, a significant 19% of TFT tokens are reserved to support the ongoing development of the ThreeFold ecosystem and technology, ensuring its continued evolution and refinement. Lastly, the remaining 6% of the total token supply is allocated to incentivize contributors, founders, and team members, recognizing their invaluable contributions.
Acquiring ThreeFold Tokens: A Comprehensive Guide
TFT is presently listed on multiple exchanges and decentralized finance (DeFi) platforms. In a bid to foster the growth of its TFT ecosystem, particularly within the realm of DeFi, ThreeFold seeks to incentivize alignment with the ecosystem’s core values and principles. Notably, PancakeSwap serves as the primary platform for acquiring TFT.
Beyond our native ecosystem, our reach extends to other prominent platforms, including 1inch and Liquid BTC-Alpha.
It is crucial to acknowledge that investing in cryptocurrency, like any other investment, inherently entails risk.
Associated Resources
Main Website: Project Library, Useful Guides, and Information | How to Buy and Trade TFTs | Telegram Community