ICP Token in 2025: Governance, Computing Power, and Network Incentives! 💰⚙️
The ICP token is the native token of the Internet Computer and has several key utilities in June 2025:
Governance: ICP holders can lock their tokens in "neurons" to participate in network governance through NNS.
Cycles: ICP is converted into Cycles, which are used to pay for computing power, data storage, and other resources consumed by canisters. Cycles have a stable value, making it easier for developers to predict costs.
Staking: Locking tokens in neurons also earns rewards for participating in governance.
Rewards: Nodes that support the operation of the network receive rewards in ICP.