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Internet Computer

ICP
OG Rank: 79
Market Cap Rank: 31 ($5.56B)
ACTIVE
About

The Internet Computer (ICP) revolutionizes blockchain, offering a decentralized "World Computer" for online systems without traditional IT reliance... Learn More

Category
Artificial Intelligence (AI) Smart Contract Platform
Founder
Dominic Williams
ICP Price

$11.68

24h 2.70%
7d -26.75%
All time low ($2.87)
($700.65) All time High

OG Score

Based on 1 OG evaluation

TBA

...

LINKS

Web Site
Explorer
Social

OGAudit Evaluation Points

24.04
N/A
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
39.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
28.90
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
3.20
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
31.10
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
49.20
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
6.10
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
32.70
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
2.00
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
24.04
N/A
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
39.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
28.90
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
3.20
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
31.10
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
49.20
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
6.10
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
32.70
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
2.00
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
CryptoApe Wallet No:xxxx-5f294
25/09/2024 18:15
ICP @ $9.44
$ICP is known for its high whale and team token dominance, which has contributed to its violent downwards price action.

Aside from that, they seem to produce something important but no one knows what exactly.
The Internet Computer (Dfinity) team urgently needs talented content creators and a badass marketing manager.
24.03
High Ratings
Low Ratings
CryptoApe Wallet No:xxxx-5f294
25/09/2024 18:15
ICP @ $9.44
$ICP is known for its high whale and team token dominance, which has contributed to its violent downwards price action.

Aside from that, they seem to produce something important but no one knows what exactly.
The Internet Computer (Dfinity) team urgently needs talented content creators and a badass marketing manager.
24.03

Internet Computer Price

Price Statistics

Internet Computer Price $11.68
24h Low / 24h High $10.83 / $ 11.99
Market Cap Rank #31
Market Cap $ 5.56 B
Circulation Supply $ 474.63 M
Total Supply $ 525.67 M
Max Supply $ 0.00
All Time High $ 700.65
All Time Low $ 2.87
ICO/IDO Price 0

Internet Computer Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Internet Computer (ICP)?

The Internet Computer (ICP) blockchain, developed by the DFINITY Foundation, is not just another player in the crypto space; it's a paradigm shift in the way we conceive blockchain technology. At its core, ICP is designed to be the first "World Computer" blockchain, offering a groundbreaking approach to building online systems and services without relying on traditional IT infrastructure.

Understanding the Internet Computer and ICP:

The Internet Computer's uniqueness lies in its decentralized design, powered by cryptographic innovations. It functions as a sovereign network of dedicated node machines, distinct from the cloud-hosted validator nodes commonly seen in Proof-of-Stake blockchains. This decentralized structure ensures a high level of security and resilience.

ICP, the native token of the Internet Computer, plays a pivotal role. It serves three main purposes:

Cycles for Computation: ICP can be converted into "cycles," which are burned to power computations, creating deflationary pressure.

Staking in the NNS DAO: ICP can be staked in the Network Nervous System (NNS) DAO, creating voting neurons that generate rewards.

 

Store of Value: ICP acts as a store of value, allowing users to invest in decentralization sales run by web3 services.

How Internet Computer Works:

The Internet Computer operates on a network of specialized node machines, each adhering to a standard specification. These machines connect using the Internet Computer Protocol (ICP), forming a unique "Proof-of-Useful-Work" model. The network's governance is handled by the NNS, capable of ejecting underperforming node machines.

The network is composed of invisible "subnet blockchains," interconnected using "chain key crypto." This cryptographic innovation enables limitless scaling and combines the subnets into a single logical blockchain, ensuring security and efficiency.

Developers on the Internet Computer build using "canister" smart contracts, employing languages like Rust and Motoko. These smart contracts can process HTTP requests, serve interactive web experiences, and even run transactions on other blockchains using "Chain Key TX" functionality.

Prominent Projects in the Internet Computer Ecosystem:

The Internet Computer is fostering a wave of innovation across various domains:

Web3 Enabler: It enables the creation of fully decentralized web services, putting control in the hands of community DAOs.

World Computer Functionality: Developers can build decentralized systems, including DeFi, SocialFi, GameFi, and metaverse services, all on the blockchain.

DeFi: Next-gen decentralized exchanges like Sonic, InfinitySwap, and ICPSwap leverage the Internet Computer's efficiency, offering zero gas fees and lightning-fast transactions.

NFTs: ORIGYN, a NFT marketplace, saw a valuation surge to $300 million with investments from Paris Hilton and Bill Ackman.

Games: Cubetopia merges Minecraft and World of Warcraft, while MetaSports Basketball creates an open basketball metaverse.

Social: Platforms like OpenChat, Distrikt, and DSocial provide decentralized alternatives to traditional social networks.

Metaverse: IC Gallery, Shiku Metaverse, and PokedStudios showcase the potential of a 3D metaverse on the Internet Computer.

Team and Development:

The DFINITY Foundation, led by founder Dominic Williams, has spearheaded the development of the Internet Computer since its inception in 2016. With nearly 300 employees by mid-2022, the team includes renowned cryptographers, computer science researchers, and engineers.

History and Key Features of ICP:

ICP, created by the DFINITY Foundation, originated from a vision to decentralize the internet. The dual utility and governance token plays a crucial role in network governance, rewarding participants and powering computational resources.

The Internet Computer protocol stands out due to:

Decentralized Tools: Anyone can leverage its blockchain to create apps without relying on big tech companies, as it runs on dedicated hardware.

Internet Identity: Users have a single authentication method, enhancing security through face recognition or fingerprint scanning.

Motoko Programming Language: The platform introduces Motoko, a language designed for asynchronous programming, simplifying complex tasks.

Where to Buy ICP:

ICP is available on various crypto exchanges, including Binance, Coinbase, Huobi Global, and OKX.

Conclusion:

The Internet Computer is not just a blockchain; it's a vision for a decentralized internet. With its innovative approach to blockchain design, unique features, and a thriving ecosystem of projects, the Internet Computer is poised to redefine the future of online systems and services. As it continues to evolve, the Internet Computer stands as a testament to the potential of blockchain technology beyond traditional norms.

What is unique about Internet Computer (ICP)?

The Internet Computer stands out with its decentralized design, serving as the first "World Computer" blockchain. It redefines how online systems and services are built by eliminating the need for traditional IT infrastructure, offering unparalleled security and resilience.

Who are the founders of Internet Computer (ICP)?

The Internet Computer was developed by the DFINITY Foundation, with Dominic Williams leading as the founder. The foundation, founded in 2016, has a team of nearly 300 professionals, including renowned cryptographers, researchers, and engineers.

Who are the backers/investors of Internet Computer (ICP)?

Notable backers and investors of the Internet Computer include Andreessen Horowitz (a16z), Polychain Capital, Animal Ventures, Village Global, SV Angel, and several others. These investments totaled $121 million, indicating strong support for the project.

Where can I buy Internet Computer (ICP)?

 

What are Internet Computer (ICP) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Internet Computer ICP. To access these ratings, evaluations, and comments, click here.

How to mine Internet Computer (ICP)? How can I stake Internet Computer (ICP)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Internet Computer (ICP)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Internet Computer (ICP) is ($474,625,013), max supply of Internet Computer  ICP is ($0) and the market cap of Internet Computer  ICP is ($5,563,750,861). 

What is the Internet Computer (ICP) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Internet Computer (ICP)?

The current market price of Internet Computer (ICP) is $11. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Internet Computer (ICP) a good investment?

It is important to do comprehensive research before deciding whether Internet Computer (ICP) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Internet Computer ICP) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Internet Computer (ICP) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Internet Computer (ICP) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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