What is ICP?
ICP is a utility token within the Internet Computer blockchain network. It can be used to facilitate network Governance, used as a store of value and/or used to reward participants.
The token hit its ATH of $737.20 on May 10, 2021 and is currently ranked #11 amongst all cryptocurrencies. At the time of writing, ICP is trading on Coinhako for $45.93 USD.
The Internet Computer project was founded back in October 2016 by Dominic Williams, who is the Chief Scientist of DFINITY Foundation — a not-for-profit scientific research organisation based in Zurich, Switzerland. Its alpha mainnet was launched on December 18, 2020, and as a final step to decentralisation was released into public domain on May 10, 2021. ICP was founded
What is Internet Computer?
The Internet Computer is the world’s first blockchain that runs at web speed with unbounded capacity and claims to reduce compute costs by a million times or more.
The internet, we know of today, is a network that connects everybody and everything. However, the systems and services behind it still rely on private infrastructure. Internet Computer was built to extend serverless cloud functionality to the internet and be the world’s compute platform.
What makes Internet Computer different?
Internet Computer functions as a decentralized global computer and the innovation aims to remove BigTech’s monopolization of the internet while propelling a more collaborative future.
Internet Computer employs Chain Key Technology, which encompasses cryptographic protocols that orchestrate the nodes that make up the Internet Computer.
📚Read here to learn about Chain Key Technology in depth.
It is one of the fundamental breakthroughs behind the Internet Computer and a huge advantage because it allows any device to verify the authenticity of artifacts from the Internet Computer — which is not possible for traditional blockchains.
What’s New with The Internet Computer Price (ICP) on Coinhako?
1. Trade ICP directly with Singapore Dollars (SGD) 🇸🇬
With ICP/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell ICP in Singapore Dollars (SGD) when they fund their accounts with SGD.
2. Trade ICP directly with Vietnamese Dong Trading (VNDT) 🇻🇳
With ICP/VND trading pairs available on Coinhako, our Vietnam users will be able to buy & sell ICP when they fund their accounts with VND.
3. Trade ICP directly with US Dollars (USD) 🇺🇸
The ICP/USD trading pair Solana prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell ICP when they fund their accounts with USD.
4. ICP swaps (Crypto-to-crypto trading)
Coinhako users will also be able to trade The Internet Computer Price with other cryptocurrencies that are supported in their countries, with our Swap function.
5. Get the latest ICP price news on Coinhako 🚨
As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.
The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on ICPToken, alongside on the other top crypto projects, like uniswap, polkadot, band protocol.
5. ICP wallet for all (COMING SOON )
With the wallet feature, Coinhako users can securely send (withdraw), receive (deposit), and store ICP.
6. Buy ICP instantly with debit and credit card
Beat the deposit queue and buy ICP instantly when you pay by card.
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All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.