IFT (iftprotocol)
IFT is the canonical financial representation for each human-readable word-centuries old or not yet invented | TG: https://t.me/+5IE2l2EyTLJkMWI8 | ift.network
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Anyone could spawn a new IFT, as its implementation relies solely on permissionless smart contracts with no centralized control, DAO, or arbitrary token allocation. Minted as a fixed supply ERC20 token, it is 100% distributed via sc-powered bonding curve and AMM pool. (3/9)
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Take longevity.ift.eth as example. Under the IFT standard, it is both: name of the ERC-20 token and the ENS subdomain that resolves to that token’s contract address. These two constraints together enforce the uniqueness of each IFT. (2/9)
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As a public good, the market caps of IFTs can be compared to determine the most staked trends at the moment. Envision a future where IFT market cap metrics could: * empower journalists tracking climate tech adoption * help students choose what fields to study (4/9)
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Introducing Information Finance Token (IFT), a new asset class of fungible tokens, designed to create one single canonical financial representation for each human-readable word. Every IFT is named after a subname inside the ENS namespace ift.eth. 🧵 (1/9)
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