What is the issue volume of ICP coins? One article to introduce the application scenarios of ICP coins

The total issuance volume of ICP coins, the native token of the Internet Computer network, is 469,213,710 ICP, distributed across various stakeholders including early contributors, investors, and the company itself.

Oct 08, 2024 at 01:29 am

What is the Issuance Volume of ICP Coins?

ICP coins, the native token of the Internet Computer (ICP) network, have a total issuance volume of 469,213,710 ICP.
This total supply is distributed among the following categories:
- Early Contributors: 25% (117,303,427.5 ICP)
- Foundation and Ecosystem: 25% (117,303,427.5 ICP)
- Strategic Investors: 20% (93,842,742 ICP)
- Public Sale: 10% (46,921,371 ICP)
- Team and Advisors: 10% (46,921,371 ICP)
- Company Reserve: 10% (46,921,371 ICP)

Application Scenarios of ICP Coins

ICP coins serve several important functions within the Internet Computer ecosystem:

Network Participation: ICP coins are used to pay for computational resources on the network, enabling developers to deploy and execute applications on ICP.
Governance: Holders of ICP coins can participate in the network's governance through the Network Nervous System (NNS). ICP coins can be staked to influence the direction of the network, including protocol upgrades and parameter changes.
Incentives: ICP coins are used to incentivize network participants to provide resources, such as compute, storage, and bandwidth. Node providers are rewarded with ICP for contributing to the network's stability and performance.
Payment for Services: ICP coins can be used to pay for services provided by applications built on the Internet Computer. These services may include decentralized file storage, blockchain integration, and data processing.

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