Internet Computer (IC) is the world’s first blockchain that is capable of running at web speed at unrestrictive capacities. Built by the DFINITY Foundation, IC aims to recreate the web by supporting smart contract development at scale and changing the way people can interact using web services. Internet Computer aims to extend the public internet, so that it can be the world’s computing platform, in a decentralized manner. Internet Computer sets to revolutionalize the design of the crypto economy, with an aim to overhaul traditional software services.
The project was founded in October 2016 by Dominic WIllams and have raised a total of $121 million from investors such as Adreessen Horowitz, Polychain Capital, Multicoin Capital and such. On May 10, 2021, DFINITY launched the Internet Computer into the public domain, marking it a major milestone for ICP as it means the internet now functions as a decentralised global computer. This is marked by the release of all of the Internet Computer’s source code into the public domain, as well as ICP utility token that allows tens of thousands of community members to govern the Internet Computer network.
ICP is Internet Computer's native token. It plays three prominent roles:
1. Network Governance: Users that participate in the governance will be rewarded with ICPI
2. Production of Cycles for Compute: ICP can be converted into cycles where it is used as the transaction fee to access the network. Cycles are burned after used.
3. Rewarding Users: ICP is used as the rewards to incentivize users to participate in the network such as securing the network.
Where is Internet Computer available for purchase?
You can exchange ICP tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Internet Computer is Binance, notably the ICP/USDT pair, which saw a trading volume of $ 10,48 MLN. in the past day. Additionally, Gate.io and Poloniex are popular alternatives for trading tokens.
What is the highest value Internet Computer (ICP) has ever reached?
Internet Computer (ICP) reached its peak price at 700.65 $ on 10 May 2021, approximately 4 years ago ago. Presently, the current price is -99.26% lower than this all-time high.
What is the historical minimum price for Internet Computer (ICP)?
The minimum price reached for Internet Computer (ICP) was 2.87 $, documented on 22 September 2023, more than 2 years ago. In comparison, the current price is 80.13%, it above this historical low.
What is the fully diluted valuation of Internet Computer (ICP)?
The fully diluted valuation (FDV) of Internet Computer (ICP) stands at $ 2,75 BN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of ICP tokens. The realization of this FDV might take several years depending on the emission schedule of ICP tokens.