ICP (Internet Computer Protocol):
1. What it is: ICP is the native token of the Internet Computer—a decentralized “world computer” blockchain designed to host full applications and services without relying on traditional cloud infrastructure .
2. Purpose & use: Tokens are used for governance via the Network Nervous System DAO, as well as converted into “cycles” to pay for computing and storage resources on-chain .
3. Tech highlights: It supports powerful, on-chain smart contracts called canisters, offering high performance and scale to rival traditional servers .
4. Market stats: As of June 19, 2025, ICP trades around $5 with a market cap near $2.7 billion and 24-hour trading volume around $68 million .
5. Vision: ICP aims to decentralize the internet by enabling developers to deploy full-stack apps—websites, social media, DeFi, AI models—directly on a blockchain-powered global network .
June 19, 2025
