What is the issuance price of ICP coins?
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- 2024-05-09 10:00:011111browse
ICP coins were issued on May 10, 2021 with an issue price of $4 and are used to pay for the resources of the Internet Computer network. The network has issued a total of 469 million ICP coins, and the distribution ratio includes 25.4% for researchers, 24.6% for early contributors, 20% for investment funds, etc. The price of ICP currency fluctuated greatly after its issuance, and is currently stable below $4. It can be used for network resource payment, governance participation, and staking rewards.
ICP coin issuance price
The issuance price of ICP coin (Internet Computer Protocol) is US$4.
About ICP Coin
ICP Coin is the native token of Internet Computer, a blockchain network designed to provide a hosting platform for Internet applications. ICP coins are used to pay for network resources such as computing, storage, and bandwidth.
Issuance details
ICP coins were issued through the Token Generation Event (TGE) on May 10, 2021, with a total of 469 million ICP coins issued. The price of TGE is US$4 per coin, raising approximately US$1.876 billion for the project.
distribute
ICP coins are distributed as follows:
- Researchers: 25.4%
- Early Contributors: 24.6%
- Investment Fund: 20%
- DFINITY Foundation: 10%
- Development community: 5%
- Marumi Holdings: 5%
- Others: 10%
Market performance
ICP coins experienced severe price fluctuations after their issuance. Initially, its price rose rapidly, reaching a market capitalization of more than $60 billion. However, its price has since fallen sharply and is now stable below the issue price.
use
ICP coins have the following uses in the Internet Computer network:
- Pay for network resources
- Participate in governance
- Stake to obtain rewards
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