Cyrator’s current micro reviews highlight well why ICP is a project which has solid fundamentals, however in this review I aim to shed light on the potential intriguing storey its current price action and technical aspects are telling me.

Despite pretty much a 99% plummet in price and a persistent downward trajectory since its launch, there lies an intriguing prospect within its current chart dynamics. As I have mentioned before, sometimes the most unattractive charts have a history of unveiling the most bountiful opportunities and this may appear to be the case here.

When I go to the weekly chart I envision the possibility that ICP is concluding a phase B within the framework of a classic Wyckoff accumulation pattern. IF price breaches its current low at $3.33 to put in a 'spring' and subsequently reclaims this level via either a swing failure pattern or a failed auction type move acting as the 'test', this would signal a very strong 5* buying opportunity for myself.

This setup would have a clear invalidation situated beneath the low that would be put in on the spring move, serving as a safeguard for stop-loss placements, and I would then be looking to potentially yield a several hundred percentage move from its sign of strength and subsequent break out.

A noteworthy fact is that its previous all-time high remains a staggering 13,000% away. While such a target will definitely not be my primary focus, it is usually the case that accumulation patterns which have been built up over a long period of time tend to generate substantial gains so I would not be selling all of my position too early.
4 months later….. phase D is now complete. (See new updated chart below)

What an accumulation pattern this was.

Could not have played out anymore perfectly.

A lovely failed auction under $3.33 and once price reclaimed this level it, continually grinded up creating beautiful local bullish market structure for a bit until now where the party is really starting to get going.

250% gains and counting from the test entry.

You love to see it.

Internet Computer

Cyrator’s current micro reviews highlight well why ICP is a project which has solid fundamentals, however in this review I aim to shed light on the potential intriguing storey its current price action and technical aspects are telling me.
 
Despite pretty much a 99% plummet in price and a persistent downward trajectory since its launch, there lies an intriguing prospect within its current chart dynamics. As I have mentioned before, sometimes the most unattractive charts have a history of unveiling the most bountiful opportunities and this may appear to be the case here.

When I go to the weekly chart I envision the possibility that ICP is concluding a phase B within the framework of a classic Wyckoff accumulation pattern. IF price breaches its current low at $3.33 to put in a 'spring' and subsequently reclaims this level via either a swing failure pattern or a failed auction type move acting as the 'test', this would signal a very strong 5* buying opportunity for myself. 

This setup would have a clear invalidation situated beneath the low that would be put in on the spring move, serving as a safeguard for stop-loss placements, and I would then be looking to potentially yield a several hundred percentage move from its sign of strength and subsequent break out.

A noteworthy fact is that its previous all-time high remains a staggering 13,000% away. While such a target will definitely not be my primary focus, it is usually the case that accumulation patterns which have been built up over a long period of time tend to generate substantial gains so I would not be selling all of my position too early.
____________________________________________________
4 months later….. phase D is now complete. (See new updated chart below)

What an accumulation pattern this was.

Could not have played out anymore perfectly.

A lovely failed auction under $3.33 and once price reclaimed this level it, continually grinded up creating beautiful local bullish market structure for a bit until now where the party is really starting to get going.

250% gains and counting from the test entry. 

You love to see it.

Jeppopo

Findings 🕵️‍♂️
I think Internet Computer uses a more unique tokenomics approach then most people realize. The community holds the responsibility of monitoring and adjusting the system's parameters via NNS proposals to optimize and evolve the IC's tokenomics.

ICP tokenomics are designed to create a self-sustaining ecosystem that balances goals such as maintaining low and stable storage/compute costs for developers, incentivizing node providers with attractive rewards, and fostering balanced staking and governance participation rewards while limiting inflation.

The numbers 👩🏻‍💻
As of July 14th, 2023, the Internet Computer (IC) ecosystem operates with a total supply of 500.8 million ICP tokens, out of which 438.4 million ICP tokens are circulating, constituting 87.5% of the total supply. Additionally, 252.4 million ICP tokens, equivalent to 50.4% of the total supply, are staked. Within the staked ICP, 80.9% has a dissolve delay of more than one year, and 51.5% is staked for an eight-year dissolve. These statistics can be reviewed on the IC neuron dashboard.

The use👨🏻‍🏫

Node Provider Rewards: Node providers offering computing/storage infrastructure for the IC receive ICP rewards. The reward amount is consistent in fiat terms, and its variability depends slightly on the node's geographical location. These rewards are paid through the minting of new ICP tokens, contributing to inflation.

Governance: ICP token holders can stake their tokens to create Neurons, which grant voting rights via the Network Nervous System (NNS). NNS allows neuron holders to vote on proposals for protocol upgrades, onboarding node providers, and expanding the network. Neuron holders receive rewards for participating in governance, which are distributed as maturity attributes, convertible to ICP.

Fuel for Computation/Storage: Smart contract computations on the IC use "cycles," fueled by burning ICP tokens. In contrast to Ethereum's "user pays" model, the IC operates on a "smart contract pays" model. Cycles are generated by burning ICP tokens, leading to deflation.

Transaction/Proposal Fees: Transferring ICP between wallets incurs transaction fees, and submitting proposals to the NNS requires small fees in ICP.

The extra's 👯‍♀️
The ICP token's total supply is dynamic, influenced by minting (inflationary) and burning (deflationary) mechanisms. Inflation supports node providers and governance participants, while deflation occurs when tokens are burned for computation or transaction/proposal fees.

ICP tokens can be acquired through various means, including direct purchase on exchanges, receiving rewards for participating in governance, receiving tokens from others, developer grants, or obtaining tokens as remuneration for contributing computing capacity as a node provider.

The DFINITY Foundation's Tokenomics Series provides an analytical framework to assess the interplay between supply and demand factors influencing ICP. This quantitative approach aids in evaluating the tokenomics state and potential changes over time.

**Findings 🕵️‍♂️**
I think Internet Computer uses a more unique tokenomics approach then most people realize. The community holds the responsibility of monitoring and adjusting the system's parameters via NNS proposals to optimize and evolve the IC's tokenomics.

ICP tokenomics are designed to create a self-sustaining ecosystem that balances goals such as maintaining low and stable storage/compute costs for developers, incentivizing node providers with attractive rewards, and fostering balanced staking and governance participation rewards while limiting inflation.

**The numbers 👩🏻‍💻**
As of July 14th, 2023, the Internet Computer (IC) ecosystem operates with a total supply of 500.8 million ICP tokens, out of which 438.4 million ICP tokens are circulating, constituting 87.5% of the total supply. Additionally, 252.4 million ICP tokens, equivalent to 50.4% of the total supply, are staked. Within the staked ICP, 80.9% has a dissolve delay of more than one year, and 51.5% is staked for an eight-year dissolve. These statistics can be reviewed on the IC neuron dashboard.

-----------------------

**The use👨🏻‍🏫**

1. **Node Provider Rewards**: Node providers offering computing/storage infrastructure for the IC receive ICP rewards. The reward amount is consistent in fiat terms, and its variability depends slightly on the node's geographical location. These rewards are paid through the minting of new ICP tokens, contributing to inflation.

2. **Governance**: ICP token holders can stake their tokens to create Neurons, which grant voting rights via the Network Nervous System (NNS). NNS allows neuron holders to vote on proposals for protocol upgrades, onboarding node providers, and expanding the network. Neuron holders receive rewards for participating in governance, which are distributed as maturity attributes, convertible to ICP.

3. **Fuel for Computation/Storage**: Smart contract computations on the IC use "cycles," fueled by burning ICP tokens. In contrast to Ethereum's "user pays" model, the IC operates on a "smart contract pays" model. Cycles are generated by burning ICP tokens, leading to deflation.

4. **Transaction/Proposal Fees**: Transferring ICP between wallets incurs transaction fees, and submitting proposals to the NNS requires small fees in ICP.

------------------
**The extra's 👯‍♀️**
The ICP token's total supply is dynamic, influenced by minting (inflationary) and burning (deflationary) mechanisms. Inflation supports node providers and governance participants, while deflation occurs when tokens are burned for computation or transaction/proposal fees.

ICP tokens can be acquired through various means, including direct purchase on exchanges, receiving rewards for participating in governance, receiving tokens from others, developer grants, or obtaining tokens as remuneration for contributing computing capacity as a node provider.

The DFINITY Foundation's Tokenomics Series provides an analytical framework to assess the interplay between supply and demand factors influencing ICP. This quantitative approach aids in evaluating the tokenomics state and potential changes over time.

Jeroen

I am personally not overly impressed with the strength of the ICP community, hence only two stars.

DSCVR is a portal for open discussion about all aspects of Internet Computer, from dapps to memes to Web3 news. There are even some cool games to play there, albeit quite basic ones. Currently there are just over 14.5k users. It's hard to gauge how much engagement is happening there but at the time of writing there was one post in the general area that was put up 6 hours ago and had only 32 likes and one comment.

Discord has nearly 15k members but it is mainly geared toward developers. Another dev site is the Dfinity forum where technical discussion forums have been set up on a variety of topics. There are also weekly meetings held on Wednesdays for devs called the 'Discord Dev Office Hour.'

X has 669.6k followers under the Dfinity name while Dfinity Developers has 29k followers, making X the space with the most followers overall. A post on the main channel made 6 hours ago at the time of posting (15 August 2023 at 23:00) had 84 likes and 4976 views with other similar posts reflect a similar level of engagement. I would've expected a bit more activity given the size of the following and some of the recent developments announced by the project team.

There is no Telegram channel which I am surprised about given how long the project has been in existence.

Like many more technical projects, my impression is that there are quite a few places for people to get together to discuss various aspects related to the development of the project and the dapps associated with it, but very few places for non-technical discussions to be had.

I think this is a shame and I, for one, would welcome a space on TG for general chat and a forum for price discussion. Not having these spaces for the average retail investor can potentially have an detrimental impact on the price of the project longer term as it won't necessarily be a project in the public's consciousness in the next bull run.

I am personally not overly impressed with the strength of the ICP community, hence only two stars. 

[DSCVR](https://dscvr.one/p/internet-computer) is a portal for open discussion about all aspects of Internet Computer, from dapps to memes to Web3 news. There are even some cool games to play there, albeit quite basic ones. Currently there are just over 14.5k users. It's hard to gauge how much engagement is happening there but at the time of writing there was one post in the general area that was put up 6 hours ago and had only 32 likes and one comment.

Discord has nearly 15k members but it is mainly geared toward developers. Another dev site is the [Dfinity forum](https://forum.dfinity.org/) where technical discussion forums have been set up on a variety of topics. There are also weekly meetings held on Wednesdays for devs called the 'Discord Dev Office Hour.' 

X has 669.6k followers under the [Dfinity name](https://twitter.com/dfinity) while [Dfinity Developers](https://twitter.com/dfinity) has 29k followers, making X the space with the most followers overall. A post on the main channel made 6 hours ago at the time of posting (15 August 2023 at 23:00) had 84 likes and 4976 views with other similar posts reflect a similar level of engagement. I would've expected a bit more activity given the size of the following and some of the recent developments announced by the project team.

There is no Telegram channel which I am surprised about given how long the project has been in existence. 

Like many more technical projects, my impression is that there are quite a few places for people to get together to discuss various aspects related to the development of the project and the dapps associated with it, but very few places for non-technical discussions to be had. 

I think this is a shame and I, for one, would welcome a space on TG for general chat and a forum for price discussion. Not having these spaces for the average retail investor can potentially have an detrimental impact on the price of the project longer term as it won't necessarily be a project in the public's consciousness in the next bull run.

Blueseriph

There is something very unique about ICP that I never seen in any other projects. You can run the entire tech stack including the interface layer on blockchain... no need for AWS to host web service code for websites, staking portals, etc. So, if a project is launched on ICP, in theory it should be impossible to shut down.

Internet Computer

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