The ICP token plays a crucial role in the Internet Computer ecosystem, facilitating various functions that enhance user engagement and network efficiency, as highlighted in the official information.
Introduction to ICP Token
Launched in 2021, the ICP token is not just a cryptocurrency but a vital component for governance within the Internet Computer network. Token holders can vote on proposals, influencing the future direction of the platform.
Utility of ICP Tokens
In addition to governance, ICP tokens are used to pay for transaction fees and computing resources, making them essential for developers and users alike. This multi-faceted utility encourages active participation as holders can also view their tokens as a store of value, further solidifying their importance in the ecosystem.
