What is the real value of TFT

#1

TFT price on liquid exchange right now is close to 0.04 and in my personal opinion this does not reflect the real value of the project.

There are about 400.000.000 liquid tokens in the project which means the perceived liquid marketcap would be only 16m USD which is of-course not right. The volumes are low on the exchange and as such not really reflecting value.

Are we worried about this token price? NO personally I am not. I am personally slowly buying tokens.

We have been waiting for this moment for years now, we knew that crypto would at one point in time have a serious hit and personally I think we are not done yet. ThreeFold is building a project with real value and a lot has been accomplished and many exciting things will happen < 12 months.

Over the next months the following will happen:

  • The Internet of Internets concept will be launched, eventually billions of TFT are required to make this happen.
  • FreeFlow (now also called Uhuru) will launch, this is our first opensource implementation of alternative to gdocs, zoom, whatsapp, … People will be able to buy their FreeFlow Key which is like a NFT which allows access to a free digital life.
  • We are working on multiple banking projects and country implementations, too early to say more but for sure is interesting and demonstrates how technology like ours is needed to provide real value
  • Our alternative to centralised exchanges will be made public, it will be a sort of very simple concept of a liquidity pool where people can in a fair way buy and sell their TFT, and liquidity will be added through gold tokens and other stable coins. There will be a minimum sales price per TFT.
  • TFTech is planning to acquire 50-100million TFT, this has not been approved yet. But on our current capital increase investors can invest by means of TFT, which means TFT holders would receive shares of TFTech in return. This will only be possible for investors who can invest +100k USD.
  • Our validators L2 and our DAO will be launched on a TBD blockchain.
  • Dedicated machines with support for pokt.network, FreeFlow Uhuru, Presearch will launch as well.
  • We have heard now multiple times of people who want to buy larger amount of TFT but are waiting for better ways how (e.g. the new liquidity pool concept), because right now its not possible to buy lots of TFT on the exchanges.
  • We are working on better ways how to present all the content (website, wiki, manuals …)
  • We are planning more community events where we meet and co-create with the community
  • We are working to make everything more easy (user interface, tokens, …)

Basically we expect the value of TFT to go up as our project is building value and is expanding, in 2nd phase we expect utilisation to be a driving factor as well. We do not spent any of our scarce resources on supporting speculation.

Busy times ahead of us, please do note we are not planning extra marketing effort right now, its simply not the right time and finishing some of the things above seem to be more important.

more info on http://liquidity.threefold.me/

19 Likes
GEP: Additional Rewards For Farming
TFT will be delisted on Liquid – what now, and what next?
2-Week Grace Period for Unfunded Deployments
#2

A few months ago on here there was a post asking the communities opinion if TF should peruse listing on a centralized exchange. The answer was a resounding yes.

Now, instead of pursuing that, TF has turned its back on even utilizing the existing DEFI infrastructure. People message me to voice their complaints and concerns. They are scared that we are going to attempt a theoretical method to bring liquidity to the project. What if it doesn’t work, TF just dies?

It’s great that TF wants to attempt new things, yes, we are all aware that pancake swap and CEX have major downfalls, but you have to play their game to survive. Check out this major drop in liquidity recently. The lack of liquidity is also turning away big players. I just lost someone who wanted to set up 6 racks in South Florida due to the lack of liquidity. bsc scan liquidity

We are at an inflection point. 3 cents is where a lot of people start to lose money, and as a result, will go offline, they have told me so, this is not conjecture. There is a lot of fear with next months distribution sell off we could go there.

What can be done? Put some of that budget for the proposed 100million TFT buyback into providing pancake swap liquidity. Put some of that buyback budget into working with a CEX listing. Steering far from the communities wants is going to make transition to a DOA a nasty business once the proposals and referendums starting rolling out.

Don’t interpret anything I’m saying as being against you or as being a FUDster. I spend 50-60 hours on ThreeFold a week. I myself have transitioned from network buildout preaching to the utilization push, excited to see where that goes. Launching a website maybe today even.

9 Likes
#3

centralized exchanges may make access to the general public easier but increases token speculation and more instability possibly. I like the idea of launching new alternatives to centralized exchanges. We could all contribute to pancake swap exchanges in the meantime. Right now there’s only $92used on cake/tft liquidity and $63 usd on tft/bnb liquidity pool. I really like everything that is said above and am excited for Uhuru

1 Like
#4

I’m a big fan of the level of separation that exist between TFT and the traditional crypto exchanges right now, I think its important to remember that the base of the project is still under development.

I think of the threads over in farming where we are still discussing basic fraudulent hardware prevention with ssd spoofing and there is still work being done on the zos security I’m sure. I feel like we have to be careful to avoid the traditional crypto “TFT to the moon” crazes, yes we want the coin to grow, But that growth need to be natural because of demand for the product. It only takes one whale deciding to dump millions into a coin to start a climb that will ultimately result in an overall loss when the crash follows when a new coin is started trading without a solid backing in use.

Speaking from my personal opinion on the United States, I think remaining ultimately flexible as to the status of TFT is of significant importance, The amount of instability within crypto legislation is not something we want to be fully committed to a course in the presence of. I think its likely we are going to large changes to the crypto currency market and flexibility and durability are going to be what keeps things moving through the changes.

My opinion thats likely to be unpopular, Anyone starting a business has to make investments and is going to lose money at times, but honestly they type of growth that comes from investors that would pull the plug when they are down a bit because literally entire world economy is in the pits, isn’t going to be the growth that makes threefold top tier.

I have honestly been quite proud of how threefold has weathered the storm so far, if yet to see a loss of positive growth in nodes, but I see ant miners, gpus, and rigs for sale all around me. yes the coin has fallen but percentage wise, its outperformed nearly every other crypto at holding its value. .08 to .035 represents a 44% fall, in the big picture, thats solid.

Most importantly I think we have to recognize that TFT is the vessel to deliver a set of technologies that can change the way the world get its information, communicates and, learns. Worldwide threefold adoption solves the I.p. Address shortage, improves overall communication speeds and connection reliability and has the capability to eventually secure internet for people regardless of damaged infrastructure, censorship, or lack of resources. the true value of the project lies within the technology and work that the developers are doing. I have confidence in, and know that this project will pay off regardless of what the coin price is currently doing because its solving a real problem facing the world today.

3 Likes
#5

I believe, TF will never die as long as people want it to work. Its definitely our aim to make TF as decentralized as it can be, which is also the purpose of the Internet of Internets concept.

We have good technology and I believe a decent go2market plan in relation to community, countries, technology utilization, now even some banks. Personally I am very exciting with the plan which is all about growing expansion right now and the freeflow twin (Uhuru).

About DEFI and exchanges, we are not suggesting, to go off exchanges or stop using DEFI, the only thing we see right now is that these mechanisms don’t really work for us, it only serves the ones who have enough funds to play the game and have lots of marketing power.

We are not against being on new centralized exchanges either, but it requires at least 5-10m USD which we don’t have right now. But even if we would, personally I would not like spend this amount of money on a strategy as has been executed by many crypto projects. We have chosen not to go that path, but everyone out there who wants to do it for TF can, TFT is an asset on Stellar blockchain so it’s easy.

I think there is a misunderstanding about TFTech’s wish to acquire TFT. TFTech will not buy the 100m TFT, this is an invitation for accredited investors to invest in our capital increase using TFT in stead of USD. TFTech today has no tokens, and we believe it would be good for TFTech to have its own treasury of TFT as we personally believe this will be a very valuable asset. Additional benefit is that even more tokens will be managed by a party who has no interest dumping and can wait till the real value comes. So this is not giving us cash to use for TF.

What we are doing instead is responding to the requirement of our audience, people are asking more liquidity and many don’t feel safe on exchanges and for sure not on DEFI platforms, lots (myself included) have lost quite some money there. There are quite some people who want to provide liquidity in other words the only thing we do is connecting the providers of liquidity to the audience who needs it but in a way which is safe, transparent and in we hope in everyones interest, we are not doing anything special it could even be executed by nothing but an excel sheet and a licensed market maker but I think something little bit more automated makes sense.

Bottom line of the strategy is easy, expansion requires lots of TFT (billions), access to Uhuru requires TFT as well and is using our hardware, and the rest is all about making things as easy as we can in relation to DAO, buying/selling tokens, deployment of workloads…

Personally I believe it’s the absolute wrong moment for people to switch off their nodes, the token price is not at all in relation to our value, at one point in time they will remember how cheap it was to mine our tokens right now.

7 Likes
#6

That sounds amazing. Gold tokens + TFT in a liquidity pool?! Oh yeah.
This whole list of project looks like a solid plan. Can’t wait to see Threefold grow in the next 12 months.

A community discussion/event would be nice. Where people can ask questions and get to know what is next for Threefold.

1 Like
#7

As of the CEX listing, I agree it needs an appropriate time to do this, probably not now. For example, Tesla Inc was founded in 2003 and went public only 7 years after in 2010.
It makes sense to spend resources and improve liquidity availability, but it probably makes sense to spend 10M on tech development rather than CEX listing. People want CEX listing because they believe it is a direct path to token skyrocketing in price. Of course, CEX unlocks big money inflow into the project, but only when tech is ready, marketing is done and market conditions are appropriate (consider recession and inflation).

3 Likes
#8

This and some other side convos I have had have increase my confidence in the proposed liquidity solutions.

3 Likes
#9

more info on http://liquidity.threefold.me/

#10

It is currently cheaper for me to buy TFT than to run my farm. That is not healthy.
And the fact that V2 still earns tokens bothers me endlessly!

1 Like
#11

I understand that and agree,

I personally believe, buying TFT cheaper than farming is a temporary thing, the liquidity is low, which means it’s a good opportunity for everyone to do it.

about v2, this is indeed very annoying, maybe we should do a GEP for this,
it was informed before that upgrades need to happen

1 Like