$ICP (Internet Computer) :
$ICP is the native token of the Internet Computer Protocol, a blockchain designed to decentralize the web by enabling full applications (backend, frontend, data, and identity) to run directly on chain without relying on traditional cloud providers. Its technology stack uses “canisters” and Chain Key cryptography to deliver high throughput and a reverse gas model where developers burn ICP for computation while end users don’t pay fees, giving it a unique niche compared with Ethereum and other Layer 1 networks. The token also plays key roles in governance through the Network Nervous System (NNS) and in powering computation via conversion to “cycles,” potentially creating deflationary pressure when burned to pay for compute resources.
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