ICP Tokens | Internet Computer (2024)

Engage with the Internet Computer and its ecosystem through the use of its native utility token.

ICP Tokens | Internet Computer (1)

Powers computation, staking, voting, governance & ownership.

The ICP token plays a number of roles on the Internet Computer. Firstly, as a governance token, it can be staked to exercise those governance rights. As a utility token, it can be burned to obtain ‘cycles‘ which serves as gas for computation and storage in canister smart contracts. It can also be minted to reward ‘node machine‘ providers for providing that compute and storage.

In addition to these core uses, ICP tokens can be used to participate in decentralisation swaps to become a co-owner of an SNS DAO, and when using many smart contract services built on the Internet Computer such as registries, marketplaces and exchanges.

The ICP token implements the ICRC-1 standard.

ICP Tokens | Internet Computer (2)ICP token utility

  • Participate in governance
  • Burn for cycles
  • Participate in decentralisation swaps
  • Reward node machine providers

ICP Tokens | Internet Computer (3)Cycles

  • Stable cost of compute & storage
  • Fuel storage, compute, & bandwidth

$0
$0.00123
1-2s

Ways to use ICP tokens

Participate in governance

The Internet Computer Protocol is run by the NNS, the largest DAO managing an L1 blockchain. ICP token holders can participate in network governance simply by staking tokens in neurons and locking them with a specified dissolve delay (time to unlock). A neuron with a dissolve delay greater than 6 months can vote on governance proposals and earn rewards. ICP neuron holders can also submit proposals to make changes to the protocol. This open and autonomous governance system runs 100% on chain, and currently holds over 250 million locked ICP.

Participate in governance by staking ICP

Burn for cycles

Unlike other smart contract blockchains, the Internet Computer runs on a “Reverse Gas Model”. This means computation and storage costs are paid for by developers, and developers are responsible topping up smart contracts with cycles to fuel the compute power and storage of their dapps. The Reverse Gas Model allows users to interact with dapps on the Internet Computer without tokens, and as seamlessly as they would on any Web2 application.

More on the Reverse Gas Model

Use ICP in the ecosystem

Store ICP in wallets, swap it on DEXs, collect NFTs or tip friends while chatting. The Internet Computer is home to a growing ecosystem of dapps, many of which use ICP.

Check out dapps

Where to get ICP

The ICP token is widely available on centralized exchanges.

Complete list on CoinMarketCap

Swap BTC for ICP on a DEX.

Directly fund a ckBTC wallet with BTC and swap it for ICP using any of these DEXs — all without centralized exchanges. This was made possible on the Internet Computer through native Bitcoin integration.

Wallets & custody

Understand the benefits and limitations of each custody option so you can choose the wallet that best suits your needs.

Learn more about custody options

Get more involved

Participate in SNS DAOs

Own a piece of your favorite dapps on the Internet Computer, and shape their development by participating in governance.

About SNS DAOs

DeFi on the Internet Computer

Build and use DeFi apps on the Internet Computer that are hosted 100% on the blockchain.

DeFi on ICP

Join the ICRC conversation

Community discussions around extending the ICRC token standard for all ledgers to optimize functionality is ongoing.

Share your ideas on the Forum

ICP Tokens | Internet Computer (2024)

FAQs

Will ICP reach $100? ›

Internet Computer (ICP) Price Prediction 2029

By 2029, market participants might expect ICP to rally to $100. But it does not seem like the token would achieve that milestone within that period. That said, ICP's price might double its value in 2028 and hit $80 in 2029.

Will ICP crypto reach $1000? ›

Reaching a price point of $1000 for an Internet Computer (ICP) would require substantial market growth and widespread adoption. Current projections and expert analysis suggest varied possibilities regarding this ambitious target. To achieve a price of $1000, ICP would need to increase by 7,380%.

Is ICP a dead coin? ›

While some researchers qualify this as a rug pull, the project's founder says that Internet Computer fell victim to the whims of the market and bad timing. While some crypto experts gave up ICP for dead, others are energized by recent news and predict a comeback.

Can ICP 100x? ›

If you're seeking substantial returns, the potential for ICP to surge 100x cannot be ignored. As the internet landscape evolves, ICP Coin stands at the forefront, offering a unique opportunity for exponential growth.

What will ICP crypto be worth in 2050? ›

By 2050, our long-term Internet Computer price prediction estimates that the maximum price could reach up to $428.92. With continuous developments and advancements in technology, it's possible that the average price of ICP Coin to be around $416.67.

How high can ICP token go? ›

The current price of the ICP token is $ 12.31216531. The ICP price with a potential surge, is expected to reach a top of $26.87 during the year 2024. With a potential surge, the Internet Computer price is predicted to reach a high of $95.81 by the end of 2030.

Does ICP have any future? ›

Does ICP crypto have a future? According to our analysts, ICP's prediction for the year 2027 could range between $35.39 to $52.57, and the average Internet Computer coin price could be around $43.98.

Is ICP a bad investment? ›

All these enhancements and technology can propel the project higher in the crypto industry. However, as with any crypto investment, ICP is a risky choice most suitable for investors with high risk tolerance.

Why did ICP dump? ›

The ICP coin price dumped too much for a number of reasons, including: Overhype and unrealistic expectations: The ICP project was launched with a lot of hype and excitement, but it failed to live up to expectations.

Who invested in ICP coin? ›

Internet Computer ICO summary

ICP coin was founded in 2015 and had many funding rounds led by some renowned Venture capitalists such as Andreessen Horowitz, Polychain Capital, SV Angel, Aspect Ventures, etc.

How high can ICP reach? ›

The current price of ICP is $ 12.31216531. The ICP price with a potential surge, is expected to reach a top of $26.87 during the year 2024. With a potential surge, the Internet Computer price is predicted to reach a high of $95.81 by the end of 2030.

Is there a future for ICP? ›

A 99.62% decrease from its ATH. Since this low, ICP has been on the rise posting gains of 13.60% on the day of writing, and a price of $15.26—a 439% increase since its low. This Internet Computer price prediction forecasts that the price of ICP will continue to rise as the networks popularity and adoption grow.

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