Internet Computer (ICP): Price Chart and Market Data

This overview covers data regarding the network's reverse gas architecture, historical funding rounds, vesting schedules, community distribution, and recent inflation reduction updates.

What is Internet Computer (ICP)?

Think of ICP as a Layer-1 blockchain trying to be a sovereign, decentralized cloud. Basically, instead of renting server space from centralized giants like AWS, apps live entirely on-chain. They use these things called "canister" smart contracts. It's kind of neat because canisters bundle both the code and the current state together. So, the end goal? Turning the public internet into a massive, decentralized world computer.

How does the reverse gas model actually work?

Here is the deal. Unlike Ethereum where you have to pay gas for every little thing, ICP shifts that cost over to the developers. They literally pay for their own compute power by converting ICP tokens into "cycles." This conversion rate is pegged so that 1 SDR (which is basically a fiat basket) gets you exactly 1 trillion cycles. The kicker here is that the converted ICP gets permanently burned. Because of this setup, regular users don't even need a crypto wallet, and the token supply shrinks as the network gets busier.

Who funded the project during its early days?

The DFINITY Foundation pulled in some serious capital before going live. You might wonder who actually backed them. Well, Tier-1 venture capital firms like Andreessen Horowitz (a16z) and Polychain Capital led the charge. For instance, a16z led a $61 million strategic round back in November 2017. After that, there was a massive $102 million Pre-Sale in April 2018. Oh, and the earliest seed round in February 2017? That one raised $4.2 million at roughly $0.036 per token.

Are there any early investor ICP tokens still locked up?

Nope, the asset is 100% fully unlocked at this point. Honestly, all those early investor and community distributions have entirely finished their vesting schedules. The final major unlocking event happened on June 11, 2025. That’s when the very last batch of the Seed/Private Sale allocation finally hit circulation. It’s a pretty big deal because it means the market doesn't have to worry about scheduled supply dumps from early backers anymore.

Did the community get an ICP coin airdrop when the network launched?

Yeah, early supporters actually did get a community airdrop. They set aside 1.25% of the total initial token supply for this, which worked out to exactly 5.87 million ICP. But they didn't just hand it all out on day one. To keep the market from completely tanking, those tokens were distributed slowly over a 12-month linear release schedule.

Can you explain the "Mission 70" ICP crypto tokenomics update?

So, Mission 70 is basically this huge strategic push to slash the network's token inflation. The goal is literally right in the name—they want to drop total ICP inflation by 70%. We're talking about bringing it down from 9.72% in January 2026 to just 2.92% by early 2027. They are pulling this off mostly by cutting back the minting rates for voting and node provider rewards. It’s a pretty aggressive pivot toward making the token more deflationary as things mature.