Internet Computer
ICP/USD
[price]
[tf_change]
[tf_text]
Today Open
[crypto_day_open]
Day Range
[day_low]
-
[day_high]
Year Range
[52w_low]
-
[52w_high]
Website
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About Internet Computer

The Internet Computer Protocol (ICP) token serves as the native utility token for the Internet Computer blockchain, a decentralized platform designed to extend the functionality of the public internet. ICP tokens play a pivotal role in the network's ecosystem by enabling holders to participate in governance through staking, which allows them to vote on proposals that shape the network's future. Additionally, ICP can be converted into "cycles," which act as fuel for computation and storage within the network's canister smart contracts. This conversion process effectively powers decentralized applications (dApps) operating on the platform. Furthermore, ICP tokens are utilized to reward node operators who contribute resources to maintain and secure the network. By integrating governance, utility, and incentivization, the ICP token is central to the Internet Computer's mission of creating a scalable, secure, and user-friendly decentralized internet.

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