ICP coin release mechanism

The release mechanism of ICP coins is designed to ensure fair distribution, long-term stability and sustainable development. It includes 6 distribution methods: Genesis distribution token auction network neuron pledge and reward community fund technical reserve regular release schedule

ICP coin release mechanism

What is the release mechanism of ICP coins?

The release mechanism of ICP coins is carefully designed to ensure fair distribution and long-term stability of tokens. The following are the key points of the ICP coin release mechanism:

1. Genesis:

• When the blockchain is launched, 50 trillion ICP will be created.
• 12.5 trillion ICP will be immediately released and distributed to initial contributors.

2. ICP Token Auction:

• 25 trillion ICP will be sold through the token auction to fund the project.
• Funds from the auction will be used to fund network development, community activities and ecosystem growth.

3. Network neuron staking and rewards:

• 12.5 trillion ICP will be allocated to network neurons for staking and running the network .
• Neuron stakers will receive rewards based on their staked shares in the form of ICP.

4. Community Fund:

• 5 trillion ICP will be allocated to the community fund to support the growth and development of the network.
• The Community Fund is managed by the DFINITY Foundation.

5. Technical Reserve:

• 2.5 trillion ICP will be used as a technical reserve for future research and development and network improvements.

6. Release schedule:

• The release of ICP tokens will be carried out gradually according to the established schedule.
• Based on the total ICP supply, 10% of ICP will be released every 8 years.

The significance of the ICP coin release mechanism

The ICP coin release mechanism aims to:

• Ensure fair distribution and Prevent token hoarding.
• Provide ongoing funding sources for projects.
• Incentivize the staking of network neurons and network maintenance.
• Support community-led projects and initiatives.
• Ensure that ICP maintains stability and sustainable development in the long term.

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