I realize that a big part of the option 1 explanation from a github post is missing from this discussion. Here are some quotes from Kristof, to summarize what has been said.
"
Option 1: Lock TFT at 0.1USD
goals
- the price of the TFT should be at least 0.1 USD, its important that TF Customers perceive the value of TFT
- we should make liquidity less important compared to price, so if not < 0.1, then is harder for people to sell
- its in the interest of everyone to have a stable utility token
- have better reward for farmers who are willing to support the TFT
- farmers should have the rewards if they host on own node (the 50% reward for channel)
- its important to have ultimate visibility on how tokens are used and distributed
- its in all our best interest that the TFT is safe and no-one has to doubt the intentions
- TFT has never been pumped and dumped
- no-one ever abused owning TFT to make himself rich, all larger collaborators have best intention
- lets make this great TFT feature visible to everyone
changes
- all new 3nodes get default lockup to 0.1USD per TFT (we don’t touch existing ones)
- remark: DAO can always loosen this param if this would be required
- existing farmers can opt in to the same approach
- 50% + 10% of utilization goes to the farmers who locked up their tokens
- also the utilisation earned tokens are locked at 0.1
- everyone who wants can lock their accounts as well just to show their support (also at 0.1)
- we remove solution providers, its giving us too much headache
- if farmers deploy on their own nodes then the 50% utilization fee is given to them
- we show the token distribution in clear way also on website, so people know where tokens are and who is selling
- we show history
- we have a SQLITEDB which has all transactions till date (from both blockchains: rivine, stellar, binance?)
- known accounts in table
- accounts with positions (just simple = amount of TFT)
- accounts with all transactions (from to who and when and how much)
"
Here are some thoughts:
Option 1 Pros:
- we can get more people to lockup compared to just farmers
- Option 2 only locks token for farmers
- With option 1, users can show their support and lock TFT at 0.1USD
- new farmers, current farmers, users, i.e. anyone can lock to 10 cents
- incites+rewards even more farmers to deploy workloads on their node
- 50% from utilization goes to them if they deploy on own node
- 50% from utilization goes to them if they lock at 0.1USD
- If I understand correctly, this means that it doesn’t cost anything to deploy for farmers who lock at 0.1USD. It would incite farmers to deploy and expand the grid use cases.