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What is the total amount of ICP coins issued?

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2024-05-09 15:07:44606browse

The total issuance of ICP coins is 469,213,710, and the distribution is as follows: 20% is owned by the team, 15% is dedicated to network rewards, and 65% is sold to investors.

What is the total amount of ICP coins issued?

#What is the total issuance of ICP coins?

The InterPlanetary Computer (ICP) coin is a network token that powers the ICP network. ICP Network is a distributed cloud computing platform that allows users to store and process data.

The total issuance of ICP coins is 469,213,710, of which:

  • 20% belongs to the team to support the development of the project .
  • 15% is dedicated to network rewards to reward users for their contributions to the network.
  • 65% sold to investors to raise funds to develop the network.

Allocation Breakdown:

Allocation Type Percentage Generation Number of coins
Team 20% 93,842,742
Network Reward 15% 70,382,056
Investor sale 65% 305,008,912

Issuance Schedule:

The initial supply of ICP coins has been released on May 10, 2021. The remaining tokens will be gradually released based on the network’s usage and governance mechanisms. Specific release plans have not yet been announced.

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