Token Model
The Infinet ecosystem operates using a multi-token model, consisting of three primary tokens: INFI, NET, and CONNECT. Each token has a distinct purpose, ranging from governance and staking to network operations and rewards. This model ensures that the network remains decentralized, scalable, and aligned with the interests of its participants.
Overview of the Three-Tier Token Model:
The three-token system is designed to separate key functions and improve scalability and flexibility within the network.
INFI (Governance Token): INFI is the primary governance token, allowing holders to vote on network proposals, staking rewards, and protocol upgrades. It plays a crucial role in securing the network and providing a voice to the community.
NET (Network Utility Token): NET is the operational token used for transaction fees, Proof-of-Coverage rewards, and service payments within the network. It ensures smooth network operations by facilitating payments between users, operators, and service providers.
CONNECT (5G Network Token): CONNECT is specifically designed for 5G network usage, enabling payments and rewards related to high-bandwidth applications and mobile devices. It ensures that the 5G side of the network remains optimized and responsive to user needs.
INFI Token: Governance and Staking
INFI is the backbone of Infinet’s governance system, allowing holders to participate in decision-making while securing the network through staking.
Staking Mechanism: INFI holders can stake their tokens to become validators or delegate them to secure the network. In return, they earn staking rewards and gain voting power.
Governance Rights: INFI holders can propose and vote on network upgrades, fee structures, and community initiatives. The decentralized governance model ensures that all participants have a say in the network’s future direction.
Supply and Distribution: INFI has a capped supply, with a portion allocated for staking rewards, ecosystem growth, and community incentives.
NET Token: Network Operations and Utility
NET is the utility token that powers everyday network operations. It’s used for transaction fees, service payments, and Proof-of-Coverage rewards.
Transaction Fees: All network transactions, including data transfers and device onboarding, are paid for using NET tokens.
Proof-of-Coverage Rewards: Operators earn NET tokens based on the coverage quality and regional demand their devices provide.
Service Payments: NET tokens are also used for paying service providers within the network, such as data storage or third-party applications.
CONNECT Token: 5G Network Payments and Rewards
CONNECT is dedicated to the 5G side of the network, facilitating payments and rewards for high-bandwidth applications, mobile data usage, and 5G-specific services.
5G Payments: CONNECT tokens are used to pay for mobile data, 5G hotspots, and other high-bandwidth services.
5G Rewards: Operators providing 5G coverage earn CONNECT tokens as rewards, ensuring that the 5G network remains decentralized and robust.
Scalable Use Cases: As 5G adoption grows, CONNECT tokens will play a crucial role in scaling the network to meet increased demand, from smart cities to autonomous vehicles.
Dynamic Interactions Between Tokens
While each token has a distinct role, they interact dynamically to maintain balance and incentivize network growth.
Cross-Utility Between INFI and NET: INFI holders who stake their tokens receive a share of the NET tokens generated from network operations. This creates a feedback loop where governance participants are rewarded for securing the network.
Conversion Mechanism: Users can convert NET to CONNECT for 5G-related services, ensuring seamless transitions between token functions.
Supply Adjustment Mechanisms: The supply and demand of NET and CONNECT tokens are dynamically adjusted based on network activity, ensuring long-term stability.
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