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.

Internet Computer

**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

This sounds like a blockchain built for adoption!

Their reverse gas fee structure allows the dApp to pay for the users gas fees, which creates an opportunity for connection without requiring an actual wallet, tokens.

In addition, the ability to host the entire dApp within a Canister Smart Contract is impressive. This technology enables the hosting of the full tech stack on the blockchain, including UI, smart contracts, and data, all within the same Canister. These Canisters are secure and well-protected on the blockchain and essentially function as their own blockchains. Through asynchronous messaging, they can communicate with other Canisters.

For instance, just as you can currently link your Twitter account to a website to unlock certain possibilities, you will also be able to link your account from dApp #4 in this ecosystem to dApp #20.

This opens up a lot of opportunities to bring web2 services to the blockchain, benefiting from a better and more decentralized underlying infrastructure

This sounds like a blockchain built for adoption!

Their reverse gas fee structure allows the dApp to pay for the users gas fees, which creates an opportunity for connection without requiring an actual wallet, tokens. 

In addition, the ability to host the entire dApp within a Canister Smart Contract is impressive. This technology enables the hosting of the full tech stack on the blockchain, including UI, smart contracts, and data, all within the same Canister. These Canisters are secure and well-protected on the blockchain and essentially function as their own blockchains. Through asynchronous messaging, they can communicate with other Canisters.

For instance, just as you can currently link your Twitter account to a website to unlock certain possibilities, you will also be able to link your account from dApp #4 in this ecosystem to dApp #20.

This opens up a lot of opportunities to bring web2 services to the blockchain, benefiting from a better and more decentralized underlying infrastructure

Introducing the Internet Computer Project (ICP), a revolutionary initiative by Dfinity, a team led by Dominic Williams, founded in 2015. ICP aims to create a completely free and open internet, unrestricted by data limitations, and boasting infinite capacity. Sounds too good to be true? Let's dive deeper.

Motivation:
Dfinity seeks to challenge the status quo, where a select few tech giants dominate the internet, controlling what we can and cannot do online. They want to shift the power dynamic, putting users back in control of their digital experiences.

Method:
To achieve this, Dfinity is creating independent data centers that allow apps to run directly on the network. By decentralizing data storage and processing, ICP can bypass traditional cloud computing, ensuring that no single entity controls the flow of information.

Key Feature:
Blockchain technology forms the backbone of ICP's decentralized internet. By utilizing blockchain-based cloud computing, the next generation of online experiences will be faster, more secure, and infinitely scalable.

Introducing the Internet Computer Project (ICP), a revolutionary initiative by Dfinity, a team led by Dominic Williams, founded in 2015. ICP aims to create a completely free and open internet, unrestricted by data limitations, and boasting infinite capacity. Sounds too good to be true? Let's dive deeper.

Motivation:
Dfinity seeks to challenge the status quo, where a select few tech giants dominate the internet, controlling what we can and cannot do online. They want to shift the power dynamic, putting users back in control of their digital experiences. 

Method:
To achieve this, Dfinity is creating independent data centers that allow apps to run directly on the network. By decentralizing data storage and processing, ICP can bypass traditional cloud computing, ensuring that no single entity controls the flow of information.

Key Feature:
Blockchain technology forms the backbone of ICP's decentralized internet. By utilizing blockchain-based cloud computing, the next generation of online experiences will be faster, more secure, and infinitely scalable.

Crypto Gad

ICP has the potential to revolutionize the entire internet system and if this project can come close to realizing its ambitions I would expect ICP to emerge as one of the most exceedingly valuable cryptocurrency's in the future.

ICP operates as a world computer blockchain capable of hosting and powering popular social networks, online games, video streaming services, and enterprise systems directly on the blockchain itself. By eliminating the reliance on centralized IT and cloud services, this project aims to establish a decentralized internet—a concept that sounds attractively idealistic and novel.

However, it remains uncertain whether organizations and individuals will embrace this decentralized vision enough to transition away from established giants like Amazon Web Services and Google Cloud. Reclaiming control from these tech behemoths poses a formidable challenge.

Nevertheless, the DFINITY Foundation, the masterminds behind ICP, boasts the largest research and development team in the blockchain industry. With substantial resources at their disposal, they possess the capacity to pursue this audacious challenge making them a key player to watch in this space.

Jeppopo

This is another project claiming to be decentralized, for the people, etc...but it's not. It's a centrally controlled project.

The big giveaway, in my opinion, is whenever a project says something like "web speed" or "unbounded capacity."  That probably means that they are using centralized servers to increase speed and capacity. Truly decentralized projects usually take more time to grow organically and generally can't promise that kind of performance in 2 years.

On top of that, they presented one of their milestones at the WEF in 2020. They appear to be insiders.

Source: https://medium.com/dfinity/dfinity-2021-the-rise-of-the-internet-computer-16d0ee8bcedf

I guess there isn't necessarily anything wrong with that per se, but you just have to know what you're getting into.

In all fairness, I give them 2 stars for actually having a good number of apps already running on the blockchain. These apps are not just exchanges and NFT platforms either. It looks like the apps have legit, real-world use cases.

So does this project expand on the ideals of crypto and decentralization? No way. That's why I've given it such a low score.

Does that matter if the apps work? You decide.

This is another project claiming to be decentralized, for the people, etc...but it's not. It's a centrally controlled project. 

The big giveaway, in my opinion, is whenever a project says something like "web speed" or "unbounded capacity."  That probably means that they are using centralized servers to increase speed and capacity. Truly decentralized projects usually take more time to grow organically and generally can't promise that kind of performance in 2 years. 

On top of that, they presented one of their milestones at the WEF in 2020. They appear to be insiders. 

Source: https://medium.com/dfinity/dfinity-2021-the-rise-of-the-internet-computer-16d0ee8bcedf 

I guess there isn't necessarily anything wrong with that per se, but you just have to know what you're getting into.

In all fairness, I give them 2 stars for actually having a good number of apps already running on the blockchain. These apps are not just exchanges and NFT platforms either. It looks like the apps have legit, real-world use cases. 

So does this project expand on the ideals of crypto and decentralization? No way. That's why I've given it such a low score. 

Does that matter if the apps work? You decide.

Tartarian

Completely free and open internet to anyone, without limitations to only data. Sounds good, but it has its downsides.

The team (partly in picture 1) behind ICP is Dfinity, founded by Dominic Williams in 2015. They've been working on the ICP project that wants to host infinite apps and smart contracts. It will be the first blockchain-based solution running at web speed with the ability to increase capacity infinitely.

Golden Circle style:

Why?
Dfinity wants to take back control from the tech giants that dominate the internet to take control back into the hands of the users. (image 2).

How?
Independent data centers that allow apps to run right on the network.

What?
Blockchain-based cloud computing will form the basis of the next gen decentralized internet.

A downside is that it's nearly impossible to hold the app developers accountable. If there’s illegal or abusive content being hosted, how would you get it removed if no one has access to doing so besides the developer – who could remain anonymous. The solution to that is a decentralized internet. It will also lead to decentralized governance where the developers are able to decide how everything will be regulated.

Completely free and open internet to anyone, without limitations to only data. Sounds good, but it has its downsides.

The team (partly in picture 1) behind ICP is Dfinity, founded by Dominic Williams in 2015. They've been working on the ICP project that wants to host infinite apps and smart contracts. It will be the first blockchain-based solution running at web speed with the ability to increase capacity infinitely.

*Golden Circle style:*

## Why?
Dfinity wants to take back control from the tech giants that dominate the internet to take control back into the hands of the users. (image 2).

## How?
Independent data centers that allow apps to run right on the network.

## What?
Blockchain-based cloud computing will form the basis of the next gen decentralized internet.

A downside is that it's nearly impossible to hold the app developers accountable. If there’s illegal or abusive content being hosted, how would you get it removed if no one has access to doing so besides the developer – who could remain anonymous. The solution to that is a decentralized internet. It will also lead to decentralized governance where the developers are able to decide how everything will be regulated.

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.

Crypto Rookies

I would like to dedicate this review in the "community" category to talk about ICP's support for its community rather than to discuss ICP's community itself.

According to the official website, since its launch, ICP has already given out 380 grants to various projects that are building on top of the network, ranging from 5-100K per project.

In addition, the DFINITY Foundation, the entity behind ICP, has introduced a $5 million decentralized artificial intelligence (DeAI) grant last month to support AI projects on the Internet Computer blockchain. The grant aims to fund the integration of AI applications on the Internet Computer, with projects like IC1101, Dmail, Itoka, EMC, and StageAI already benefiting. This is a rare initiative given the current market conditions where the majority of networks (L1s and L2s alike) are trying to preserve capital rather than invest for the time being. It is good to see that ICP is trying to encourage innovation despite the harsh bear market that we are in, giving us a glimpse of light amidst all the negativities that we have experienced in the market in the past few months.

Big_Ed

Viva la Decentralized

Unlike the traditional Internet Protocol (IP) that merely moves data, ICP lets software platforms roam freely. Applications transcend the confines of dedicated servers, harnessing the entire internet as their playground.

In the Dfinity realm, apps are no longer tied to single servers owned by tech giants. Instead, they traverse a network of servers across independent data centers worldwide, defying geographic constraints and reimagining deployment dynamics.

This innovation births apps with no centralized control or exclusive ownership. Dfinity's data centers are incentivized with tokens for code execution, while maintaining data privacy. This reinstates user data ownership and bolsters security.

At its core, the Internet Computer Protocol (ICP) facilitates this seamless movement of software across the digital sphere. This paves the way for "autonomous software," navigating the network fluidly.

Challenges
The absence of a central authority raises accountability concerns, particularly in content moderation. Removing objectionable content becomes complex when access rests with developers, who can opt for anonymity. This challenge mirrors issues faced in centralized app ecosystems. Big players can curate content, as seen with the removal of platforms like Parler.

Conclusion
They have a broader vision than just a decentralized internet; it includes governance too. Developers create rules like in cryptocurrency systems. This approach works well but triggers discussions about whether decentralized governance is better than traditional CEO-led models. I keep that in the middle

**Viva la Decentralized**

Unlike the traditional Internet Protocol (IP) that merely moves data, ICP lets software platforms roam freely. Applications transcend the confines of dedicated servers, harnessing the entire internet as their playground.

In the Dfinity realm, apps are **no longer tied to single servers** owned by tech giants. Instead, they traverse a network of servers across independent data centers worldwide, defying geographic constraints and reimagining deployment dynamics.

This innovation births apps with **no centralized control** or exclusive ownership. Dfinity's data centers are incentivized with tokens for code execution, while maintaining data privacy. This reinstates user data ownership and bolsters security.

At its core, the Internet Computer Protocol (ICP) facilitates this seamless movement of software across the digital sphere. This paves the way for "autonomous software," navigating the network fluidly.

**Challenges**
The absence of a central authority raises accountability concerns, particularly in content moderation. Removing objectionable content becomes complex when access rests with developers, who can opt for anonymity. This challenge mirrors issues faced in centralized app ecosystems. Big players can curate content, as seen with the removal of platforms like Parler.

**Conclusion**
They have a broader vision than just a decentralized internet; it includes governance too. Developers create rules like in cryptocurrency systems. This approach works well but triggers discussions about whether decentralized governance is better than traditional CEO-led models. I keep that in the middle

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.

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 ICP

Autonomous Serverless Cloud

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Average Score3.9 B