ThreeFold Token (TFT) is the native cryptocurrency of the ThreeFold Network, a decentralized and sustainable cloud computing and internet infrastructure platform. TFT is an ERC-20 token built on the Ethereum blockchain.
The ThreeFold Network aims to democratize the internet by enabling individuals and organizations to own, operate, and share internet capacity peer-to-peer, without the need for intermediaries. By using TFT, users can access various services within the ThreeFold ecosystem, including decentralized cloud storage, compute power, and internet capacity.
ThreeFold Token plays a vital role in the network's economy by incentivizing capacity providers, farmers (those who provide computing resources), and users to participate. TFT can be used to purchase and consume services, stake to become a farmer and earn rewards, or trade on supported cryptocurrency exchanges.
The ThreeFold Foundation governs the network and its growth. The foundation focuses on expanding the global network, attracting new capacity providers, and promoting adoption. They also oversee the allocation and distribution of TFT tokens.
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