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Transcript

Project Mycelium Community Call – Full Transcript (Edited for Clarity)​

Date: [Not specified] Speakers:

  • Kristof (Speaker 2) – Lead Presenter
  • Mik (Speaker 1) – Host/Moderator
  • Others: Karl, Bruce, Libby, SwissFold, etc.

Opening and Introductions​

Mik: I'm recording now, everything should be okay.

Kristof: Thanks. Doing a local recording. Is it working? Okay, great.

Hi everyone — thank you all for joining. It’s going to be an interesting session tonight. If possible, please turn on your cameras — it helps to see faces.

We’ve done a lot of preparation, and I’m happy to see people here who’ve believed in the vision for a long time. It’s taken much longer than we hoped, but we’re finally at a stage where we can go commercial. Things will start to move faster — but that also means we must stop doing certain things from the past, learn from what didn’t work, and move forward.

The first billion tokens have been minted; now we enter the next phase. Many of you have invested — in hardware, time, or money — and I want to make sure everyone feels appreciated as we take this forward.

Please make this an interactive meeting — there will be new terms and ideas. Let’s focus on the future rather than the past. We have a solid plan; now we need to execute together.

Context and Name Change​

We’ve been engaging the crypto community for a while and even raised some financing — grateful for that — but we also realized we’re a different kind of project. Traditional investors often struggle to place us. There’s history, existing tokens, and commitments we must honor, but this made fundraising difficult.

Since September, we started raising funds directly for the company, to cover salaries and sustain the work. That’s been going well, with valuable feedback from the community and investors alike.

One key comment was:

“It feels too technical; end-users don’t know how to use it. You need clearer communication and a fresh distinction from the past.”

So, Version 4 of the platform will launch under a new name: Project Mycelium. The name comes from an early network component called Mycelium, which everyone loved — so we’re keeping it.

Mission and Philosophy​

Our goal remains unchanged:

To build a credible decentralized alternative to Amazon, Google, and Microsoft — not competitive, but complementary and truly sovereign.

We’ve been doing this for years — maybe too early — but now, finally, people get it. Wherever we go, interest is real: “We want it, and we want it now.”

Our mission:

  • Demonstrate that organizations can turn their infrastructure (cost centers) into profit centers.
  • Build real-world, sovereign, open-source systems — with real utility, not speculation.

We believe in:

  • Digital sovereignty
  • Proven, open-source technology
  • Stable dual-token economy
  • Long-term sustainability

Current Focus and Challenges​

We need to improve in several areas:

  • Communication and community engagement
  • Documentation and commercial activity
  • Collaboration tools

The project is ambitious and timely — especially with the rise of AI — but it’s also challenging.

Key questions we ask investors:

  1. Do you believe the world needs a true decentralized alternative to centralized cloud providers?
  2. Do you know anyone else building this — with hardware, OS, and tech stack ready?
  3. Are you ready to help execute it now?

If the answer to the first question is no, this isn’t the right project for you.

Deployment Plans and Partnerships​

We have both off-takers and hosters ready for Version 4 — including AI nodes and large deployments (100–200 nodes per project, some worth $5M+). These commercial projects will complement the community network — helping us scale faster.

Upcoming Partnerships​

  • Hardware: e.g. in dialogue with Tenstorrent — Nvidia alternative
  • Data Centers: Tier-S (container-based) and Tier-H (home/office boxes)
  • Locations: Interlaken (Switzerland), Zanzibar, Kenya, South Africa, France, and more
  • Projects: Education platforms, renewable energy nodes, ICA cooperative rollout (1–2 B people potential)

The first container data center is expected be built in Interlaken within 4–6 months (approx. $5 M unit).

Mycelium Cloud Ecosystem​

We’re now productizing everything — making it commercial and community-driven.

Core Components​

  1. Mycelium Cloud – live (version 3), credit-card-based access for developers
  2. Mycelium Network – decentralized VPN, DNS, and data routing
  3. Mycelium Virtual Data Center (VDC) – Q1 2026: easy app deployment layer
  4. AI Agent Framework – Q1/Q2 2026: build custom AI agents safely

Kubernetes remains the backbone. The upcoming VDC interface will make app deployment “as easy as clicking a button.”

Tokenomics: Dual-Currency Model​

Tokens​

  • Spore (SPORE) – reward & utility token
  • AUR – stable gold-backed token

Inspired by Bernard Lietaer’s Yin–Yang currency concept.

Flow​

  1. Users pay via credit card or crypto → converted to AUR (gold-denominated).
  2. AUR used to purchase compute/storage.
  3. Farmers/hosters are paid in Spore.
  4. 10% of Spore used in transactions is burned, creating deflationary pressure.

Why gold? It’s more stable than fiat, and we can use an existing gold-backed token instead of managing our own stablecoin.

Farmer and Host Model​

  • Hardware divided into “slices” (like pizza portions) for flexible usage.
  • Farmers earn from their slices via an internal bidding system (inspired by Vast.ai).
  • ThreeFold (or Project Mycelium) will place constant bids for base revenue — ensuring predictable income.
  • Farmers can still earn more by serving other users directly.

This ensures:

  • A baseline guaranteed income for reliable nodes.
  • A growing marketplace for capacity.

Spore Token Distribution and Conversion​

  • 10 B Spore tokens will exist.
  • Each TFT holder can buy 10 Spore for 1 TFT.
  • Initial price: **0.01perSpore(ingold)∗∗→effectivelyvaluesTFTat0.01 per Spore (in gold)** → effectively values TFT at 0.10 in our ecosystem.
  • This sets the project valuation near $100 M.
  • The system ensures controlled liquidity and prevents token dumping.

Liquidity will build through weekly Dutch auctions:

  • Users submit buy/sell bids.
  • Clearing price set where supply meets demand.
  • 0% fee, with Mycelium’s treasury acting as market stabilizer.

Marketplace and Burning Mechanism​

  • Users transact in fiat or crypto → converted to gold (AUR).
  • Farmers paid in Spore.
  • 10% of all Spore used is burned → drives deflation and long-term value.

As adoption grows (more compute purchased), scarcity increases → value appreciation.

Demonstration: Mycelium Cloud UI​

Kristof shows the Mycelium Cloud interface:

  • Simple dashboard for Kubernetes clusters.
  • Choose node type, region, GPU, etc.
  • See cluster health, metrics, and deploy within minutes.
  • All traffic runs through the Mycelium Network (VPN + DNS).
  • Goal: evolve into full Virtual Data Center (VDC) where users deploy applications effortlessly.

Q&A Highlights​

Q (Karl): Have containers been built yet? A: The first one will be built in Interlaken, Switzerland (~$5 M). Preparation complete; expected live in 4–6 months.

Q: Which chain will Spore and AUR be on? A: Initially on our backend; later bridged to a public chain (possibly Peaq, which is Ethereum-compatible). Final choice depends on funding and technical priorities.

Q (Bruce): When will the token be live? A: Goal is January 1st, with rollout through the marketplace.

Next Steps and Community Involvement​

  • Engineering summit next week on the Nile (Egypt) to finalize development tasks.

  • More developers joining (new team members from Poland).

  • We need:

  • Developers (Rust, backend, network)

  • Community managers

  • Influencers / content creators

  • People helping reconnect old farmers

Note: Immediate payment for new roles is limited until fundraising closes, but treasury tokens can be used for rewards.

Closing Remarks​

Kristof: This is a community project — not just ThreeFold. We’re transitioning into Project Mycelium, protecting the token economy and creating real commercial traction.

There won’t be instant liquidity; priority goes to farmers and hosters (for energy costs). But the new structure makes the system economically sustainable.

Let’s keep momentum, positivity, and collaboration strong. 2026 is the year this becomes real. Thank you all for your continued belief and patience.

Mik: Thanks, Kristof, and thanks everyone for joining. See you at the next session.

Kristof: Thank you all — take care, bye-bye.