Mission 70 and Accelerating the Internet Computer Economy | Crypto Craft

  • Mission 70 and Accelerating the Internet Computer Economy

    From internetcomputer.org Story is in PDF Format

    ICP is the native utility token of the Internet Computer. New ICP is minted through two channels: disbursed voting rewards of participants who stake ICP in neurons and take part in Network Nervous System (NNS) governance, and remuneration paid to node providers who operate the physical infrastructure of the network. ICP is burned when it is converted into cycles, which are used to pay for onchain compute and storage, and bandwidth on the Internet Computer. The long-term evolution of the ICP supply is therefore determined by the balance between these minting streams and the burn generated by platform usage. Since ... (full story)

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