Proposed Upcoming Changes

Proposal being considered, will need to pass legal and technical reviews first.

Weighted distribution to different groups results in in-fighting, fragmentation, and governance turmoil. Rather than divide profits by equity ownership, token ownership, third-party contributors, etc, digital assets allow profit distribution to be done on a simple equal playing field, with the disparity occurring by the amount of tokens locked in the network.

To align incentives of all THT token holders and Thought Network participants, each THT token and wallet is treated equally as the next.

Network fees should be taken in fiat, Layer-1 tokens, stablecoins, and Bitcoin, but offer a 10% discount on services when paid in THT. Staking rewards paid out in stablecoins or Wrapped BTC.

This model essentially changes THT from a utility token that acts like gas on the network, to a life-blood token which distributes digital energy to the parts of the ecosystem which need it to survive.

THT is not a security or a security token, but must have an official legal opinion which agrees.

It does not give voting rights to any part of the Labs, R&D, or legally formed companies. It does not control the Ecosystem Fund. There is no public offering, distribution of new tokens, nor is there an investment contract. 

 

 

Changes to go into effect post-launch of full product with public human interfaces.