ICP Tokens
Learn about the ICP tokens, how to stake and get involved in the governance of the Internet Computer and see how ICP can be converted to the cycles which are used for computation.
Get & Store tokens
One of the best ways to engage with the ecosystem is to explore the world of tokens. Tokens allow users, investors and developers to particpate in the network by allowing computation, staking, voting, governance, and ownership.
Centralized exchanges
Exchanges allow you buy ICP tokens using traditional currencies. Note that they will have custody over any ICP you buy until you send it to a wallet you control.
Wallets
If you want to store tokens, nfts, or connect to dapps on the IC, there are a number of wallets and self-custody options.
What can you do with the ICP token?
ICP is a utility token that allows developers to pay for computation and allows users to participate in and govern the Internet Computer blockchain network.
Convert ICP into cycles to pay for computation
Canister smart contracts burn cycles as they operate. Developers need to regularly top up their cycle balance in order to keep dapps running.
The easiest way to obtain cycles is to exchange ICP tokens. The price of cycles is fixed to ensure your computational cost is always predictable.
What is covered by $10 worth of cycles?
Hosting a 200MB static website bundle
Storing a full NFT collection of 10,000 NFTs
Earn staking rewards
Tokens can be ‘locked’ in neurons allowing users to stake tokens and vote on network proposals. Staking and voting are easily to do in the official NNS dapp.
Staking rewards start from 11.2% APY and get as high as 21.0% APY if you stake for 8 years.
Efficient and cheap ICP transfers
The fee of an ICP ledger transaction is fixed at 0.0001 ICP. It allows efficient transfers and dapp payments. Use the NNS dapp or the available wallets to send transactions.
Fixed transaction fee
A range of custody options are available, including support for holding private keys in an airgapped machine or ledger device.
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Blockchain's largest R&D operation
As a core contributor, DFINITY’s team of world-class researchers, cryptographers and engineers propose, design and develop improvements to the Internet Computer blockchain.
#8YearGang
Internet Computer community commits to long term future of the project. 50% of tokens staked, nearly 25% of all tokens are staked for over 8 years.
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