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Marketplace

The ThreeFold Grid operates as a decentralized marketplace where farmers and users interact directly.

  1. Farmers Offer Resources: Farmers list their available node slices, specifying the resources (CPU, memory, SSD, AI, TPS) and their desired pricing. This information is broadcast across the grid.

  2. Users Reserve Resources: Users, whether individuals or organizations, browse the available resources on the marketplace. They can search for specific configurations that meet their needs for deploying applications, hosting websites, or running AI workloads. Once a suitable slice is found, they can reserve it for a specified duration.

  3. Dynamic Pricing and Bid Tiers:

    • The marketplace supports dynamic pricing, where prices can adjust based on factors like reservation length. Shorter reservations might have a higher hourly rate compared to longer-term commitments.
    • ThreeFold also sets "Bid Tiers" for various slice types (e.g., "Std Compute Slice," "Mem Heavy Slice," "AI Slice"). These tiers represent the prices ThreeFold is willing to pay for specific resource configurations, providing a baseline and ensuring a certain level of demand for farmers' resources. This mechanism helps stabilize the market and provides farmers with a clearer understanding of potential earnings.

  4. Transparency and Efficiency: The decentralized nature of the marketplace ensures transparency in pricing and resource allocation. Smart contracts on the ThreeFold blockchain handle reservations and payments, eliminating intermediaries and reducing transaction costs. This creates a highly efficient and trustless environment for both farmers and users.