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Update discount level thresholds #164

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renauter opened this issue Mar 10, 2023 · 18 comments
Closed

Update discount level thresholds #164

renauter opened this issue Mar 10, 2023 · 18 comments

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@renauter
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According to tchain changes to come on discount level
(see threefoldtech/tfchain#637)
the following links should be updated:

with the following new thresholds values (old values reduced by half):

discount level pricing discount nr months staking
none - 0% 0 month
default - 20% 1.5 months
bronze - 30% 3 months
silver - 40% 6 months
gold - 60% 18 months
@renauter
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@sasha-astiadi
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@renauter hi erwan, thanks! i will update that one now!

@renauter
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Great!
In terms of timing, this update should be published when 3.10 comes live on mainnet I guess

@sasha-astiadi
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ok so not now? got it

@sasha-astiadi
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sasha-astiadi commented Mar 28, 2023

can you please also update the calculation:

40% discount example (old one / current one on https://library.threefold.me/info/manual/#/manual__proof_of_utilization_manual?id=discount-on-staked-tokens):
[

@renauter
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renauter commented Mar 28, 2023

I also reworked the text to make the example more readable

Example for 40% discount eligibility

  • Let say my Internet Capacity consumption on ThreeFold Grid is 10 TFT per hour worth.
  • Scaled to 6 months it gives 10 TFT * 24h * 30d * 6m = 43,200 TFT which is the minimum amount to have in my account to be eligible for 40% discount
  • Scaled to 18 months it gives 10 TFT * 24h * 30d * 18m = 129,600 TFT which is the minimum amount to have in my account to be eligible for 60% discount
  • So if I have 60,000 TFT in my account on TFChain, this means I will get 40% discount.
  • I don’t have enough tokens to get to 60% discount.
  • Taking into account the 40% discount I will effectively pay this consumption 6 TFT per hour as long as the amount of TFT in my account belongs to the range specified above

@sasha-astiadi
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type pricing level nr months of TFT linked to account
no staking - 0% 0
default - 20% 1.5 months
bronze - 30% 3 months
silver - 40% 6 months
gold - 60% 18 months

TFChain charges the user for proof_of_utilization every hour. TFChain will calculate the discount based on amount of TFT available in the account of the user on TFChain (not on Stellar or any of the other blockchains we also support). This is an automatic form of staking, the user does not have to do anything to have this benefit. For network related services its max 40% discount.

Example for 40% discount

  • Let say my Internet Capacity consumption on ThreeFold Grid is 10 TFT per hour worth.
  • Scaled to 6 months it gives 10 TFT * 24h * 30d * 6m = 43,200 TFT which is the minimum amount to have in my account to be eligible for 40% discount
  • Scaled to 18 months it gives 10 TFT * 24h * 30d * 18m = 129,600 TFT which is the minimum amount to have in my account to be eligible for 60% discount
  • So if I have 60,000 TFT in my account on TFChain, this means I will get 40% discount.
  • I don’t have enough tokens to get to 60% discount.
  • Taking into account the 40% discount I will effectively pay this consumption 6 TFT per hour as long as the amount of TFT in my account belongs to the range specified above

@sasha-astiadi
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@renauter Let me know. if all ok

@renauter
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  • my account belongs to the range specified above

would change to:

... my account belongs to the [43,200; 129,600] range (see calculation above).

@sasha-astiadi
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got it. so only release once we release v3.10 on mainnet? or testnet?

@sasha-astiadi
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@renauter

@renauter
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I guess this information needs to be online when 3.10 is on mainnet since the available online documentation should be related to the production environment which is more relevant for users/farmers.
If we put this info online sooner it could be confusing for community (people could think is already live on mainnet)

@sasha-astiadi
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ok thanks erwan, will only put this on if we're live on 3.10

@robvanmieghem
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@DylanVerstraete doing a shout-out to you as you created threefoldtech/tfchain#637

@sasha-astiadi
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will bring these 4 to the new info_grid as well. would be nice to have as we upgrade it to mainnet on both old and new manuals

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