ThreeFold Network (TFT) ICO review
The Threefold network is the biggest decentralized grid of self-managing Internet capacity in the world. Being built collectively by an inclusive ecosystem. Owned by everyone. Our mission is to expand the current Internet to all areas of the world and to allow everyone to use this Internet at a fraction of its current price. We want to make it easy for people to own their data and make it harder for companies to (ab)use this data. We want to help save the planet by making sure that this new Internet capacity is much more energy-friendly. Our second mission is to create a new type of digital currency. A currency that is truly decentralized, inclusive and supported by an energy-efficient and highly demanded internet capacity. A currency that can be used to buy and sell internet capacity as well as goods or services anywhere in the world. This decentralized digital currency (ThreeFold Token) is the result of independent people or companies expanding the new Internet in a process which we call farming. The combination of a better (neutral) Internet and a better digital currency (Token) can be a huge benefit for many millions of people in the world, stimulate innovation and have a positive impact on the world.
The Internet is growing at an accelerated rate. To service this demand a few large companies (Google, Amazon, Alibaba, Facebook, etc.) have built and continue to build supersized, power-hungry and centralized data centers. These data centers make up the majority of all Internet capacity available today. However, the Internet is expanding much faster than datacenters and the planet can cope with. The solution is to have the Internet be more distributed, cost-effective, neutral, and sustainable. ThreeFold has developed such a new technology, the ThreeFold Grid (Grid) and a token which enables all this to happen.