Which country does icp currency come from?
- DDDOriginal
- 2024-05-09 13:17:58458browse
ICP coin is the blockchain protocol of the Swiss DFINITY Foundation. Its main uses include paying network fees, participating in governance voting and motivating nodes to participate in the network. The total supply of ICP coins is 469,213,710, distributed among the community (45.3%), early supporters (25.0%), DFINITY Foundation (17.9%) and initial financing (11.8%).
Which country is the ICP currency from?
ICP coin (Internet Computer Protocol) is a blockchain protocol developed by the DFINITY Foundation. The DFINITY Foundation is a non-profit organization headquartered in Zug, Switzerland. Therefore, ICP coins can be considered Swiss.
DFINITY Foundation and ICP Coin
The DFINITY Foundation was established in 2016 to develop a decentralized Internet based on blockchain technology called the Internet computer. ICP coin is the native token of the protocol and is mainly used for:
- Pay network transaction fees
- Participate in governance voting
- Incentivize nodes to participate in the network
Internet Computer
The Internet computer is a decentralized network composed of many independent computers. It is designed to provide a range of services, including:
- Storing and processing data
- Running smart contracts
- Hosting websites and applications
Supply and distribution of ICP coins
The total supply of ICP coins is 469,213,710. Token distribution is as follows:
- Community: 45.3%
- Early backers: 25.0%
- DFINITY Foundation: 17.9%
- Initial financing :11.8%
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