Topic: Internet Computer (ICP) - what&#039;s that? (Read 477 times)

I looked at the statistics of this coin, the moment it appeared, it lost in price from the value of 450 dollars to 60. I have not yet had time to get acquainted with the white paper of the project. There are real holders of this coin to hear their opinion and information about the project, what exactly it offers and who are its supporters from the big players.

ICP actually has enormous potential, but it was initially priced too high only to find its Coinbase listing was turned into a rug pull by the developers. People now hate ICP because of Dfinity's greed and mismanagement.

After experiencing significant deception, immense frustration, and a lack of communication from Dfinity, we created a new community called ICPR. We are a community-driven project founded by people who were once part of the Dfinity community from inception and they are now part of an amalgamation of volunteers working for ICPR.

In comparison to Dfinity, ICPR will first be represented as an ERC-20 token in an open and honest format. ICPR will run on a truly democratic decentralized governance system in which members decide how to fork and improve upon this protocol while retaining flexibility on the direction of the network.

Instead of what happened with ICP, where the Dfinity team controlled over 50% of token supply, ICPR intends to have a fair and fully decentralized distribution of its tokens. One of the core principles is to achieve justice by reallocating tokens that the foundation held and unlocking tokens that the actual owners were denied access to.

can you give some data where do you get that information?
i have been eyeing that project for long time back from 400$ when got listed on binance.
i just love their technology that allows to run at web speed i think its makes sound good for long run

rika0223

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The advantage of DFINITY is that with its Internet Computer technology, it is able to overcome capacity problems, as well as a cloud data storage product that is not only decentralized, but also intelligent and sophisticated using the Internet Computer Protocol or commonly known as ICP. and this coin has some advantages first,DFINITY Foundation is a non-profit scientific research organization founded in October 2016 by Dominic Williams, and based in Zurich, Switzerland. In addition to Zurich, it also has a transcontinental research center located in Palo Alto, San Francisco. Has more than 188 teams of experts in each field spread across almost all corners of the earth.

icpReboot

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Quote from: bryant.coleman on July 20, 2021, 08:31:53 AM

I looked at the statistics of this coin, the moment it appeared, it lost in price from the value of 450 dollars to 60. I have not yet had time to get acquainted with the white paper of the project. There are real holders of this coin to hear their opinion and information about the project, what exactly it offers and who are its supporters from the big players.

ICP actually has enormous potential, but it was initially priced too high only to find its Coinbase listing was turned into a rug pull by the developers. People now hate ICP because of Dfinity's greed and mismanagement.

After experiencing significant deception, immense frustration, and a lack of communication from Dfinity, we created a new community called ICPR. We are a community-driven project founded by people who were once part of the Dfinity community from inception and they are now part of an amalgamation of volunteers working for ICPR.

In comparison to Dfinity, ICPR will first be represented as an ERC-20 token in an open and honest format. ICPR will run on a truly democratic decentralized governance system in which members decide how to fork and improve upon this protocol while retaining flexibility on the direction of the network.

Instead of what happened with ICP, where the Dfinity team controlled over 50% of token supply, ICPR intends to have a fair and fully decentralized distribution of its tokens. One of the core principles is to achieve justice by reallocating tokens that the foundation held and unlocking tokens that the actual owners were denied access to.

chandlerbling

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Quote from: bryant.coleman on July 20, 2021, 08:31:53 AM

thanks for this info. that's why ICP token price is so much high. but right now its falling because of the whole market is falling apart and even eth and bitcoin is in blood bath.
i am very positive about ICP token and its developments and hope that in future it will be a success but there are huge competitors.

ICP overpriced its initial offering. A few weeks ago, the market cap was as high as $75 billion, before the prices crashed in a matter of hours. This may be a good project, but I don't understand going for such a high valuation. The Ethereum ICO had an initial soft-cap of just $18 million. And these guys are going for almost 4,000 times of that amount. And for ICP, I don't think that the prices have bottomed out yet. The cryptocurrency market as a whole is looking bearish and for overpriced coins such as ICP, the future outlook is quite bleak.

Not a terrible project. ICP actually has enormous potential, but it was priced too high and its Coinbase listing was turned into a rug pull by the developers. People now hate ICP because of Dfinity's greed and mismanagement.

That's why we built a new community after being dumped on by ICP insiders. After experiencing significant deception, immense frustration, and a lack of communication from Dfinity, we created a new community called ICPR.

We are a community-driven project founded by people who were once part of the Dfinity community from inception and they are now part of an amalgamation of volunteers working for ICPR. With this, it is clear that the Internet Computer token may still have better and more transparent days. Join us as we fight for a truly decentralized ICP https://np.reddit.com/r/icpReboot/

chandlerbling

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Hey'a good people, you might want to check out the open community we've created called ICP Reboot. It was formed after experiencing significant deception, immense frustration, and a lack of communication from Dfinity.

We are a community-driven project founded by people who were once part of the Dfinity community from inception and they are now part of an amalgamation of volunteers working for ICPR.

In comparison to Dfinity, ICPR will first be represented as an ERC-20 token in an open and honest format. ICPR will run on a truly democratic decentralized governance system in which members decide how to fork and improve upon this protocol while retaining flexibility on the direction of the network.

Instead of what happened with ICP, where the Dfinity team controlled over 50% of token supply, ICPR intends to have a fair and fully decentralized distribution of its tokens. One of the core principles is to achieve justice by reallocating tokens that the foundation held and unlocking tokens that the actual owners were denied access to.

Join our channel and shoot us your impressions! https://np.reddit.com/r/icpReboot/

icpReboot

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thanks for this info. that's why ICP token price is so much high. but right now its falling because of the whole market is falling apart and even eth and bitcoin is in blood bath.
i am very positive about ICP token and its developments and hope that in future it will be a success but there are huge competitors.

ICP overpriced its initial offering. A few weeks ago, the market cap was as high as $75 billion, before the prices crashed in a matter of hours. This may be a good project, but I don't understand going for such a high valuation. The Ethereum ICO had an initial soft-cap of just $18 million. And these guys are going for almost 4,000 times of that amount. And for ICP, I don't think that the prices have bottomed out yet. The cryptocurrency market as a whole is looking bearish and for overpriced coins such as ICP, the future outlook is quite bleak.

Put mismanagement on top of it! ICP is hands down one of the most promising tech out there, #DFINITY destroyed that.
We're trying to bring back its value by creating a new and truly open community called ICPR. Join the club https://np.reddit.com/r/icpReboot/

Varunee

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Internet Computer (ICP) is a blockchain-based decentralized network intended to provide a environment for smart contracts and other decentralized applications to run at web speed.It is founded in October 2017 by Dominic Williams. The network aims to help developers to create websites, enterprise IT systems, internet services.

FairUser

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Internet Computer was listed by the big guys as soon as it was released. This proves the potential of this cryptocurrency is huge.

However, until now, only the mainnet version has been released, so decentralized applications running on the Internet Computer ecosystem are still in their infancy. And the current price I see it's worth this coin, although the potential is huge in the future, but I still hope to be able to buy more at a better price next

MarjorieZimmermanGinger

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There is a new coin listed in CMC which immediately went up to the 8th position within just one day.

https://coinmarketcap.com/currencies/internet-computer/

The main company behind this coin is dfinity. Org. Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

What's special about this one?

When there is a coin that is able to skyrocket in one day to rank 8, it feels strange and what does the owner of the coin do?
even if it's not strange, it's very stupid that we don't want to invest in this coin, isn't the goal of people investing to get the maximum profit.

logically when the coin rank is at the top, the coin price automatically becomes priceless, this is what I mean by the opportunity to invest in this coin, if what you say is true, not to mention this coin belongs to a large company and they have skilled workers and reliable in the field of promotion.

And I feel amazed at you, offering the choice that there is another coin like it, but my question is whether any other coin has the same position of rating 8, 9 or 10. If so, please give me a sneak peek of the coin, so that I can invest properly and I want to get maximum profit.

bryant.coleman

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Quote from: riiiiising on May 14, 2021, 08:21:44 AM

thanks for this info. that's why ICP token price is so much high. but right now its falling because of the whole market is falling apart and even eth and bitcoin is in blood bath.
i am very positive about ICP token and its developments and hope that in future it will be a success but there are huge competitors.

ICP overpriced its initial offering. A few weeks ago, the market cap was as high as $75 billion, before the prices crashed in a matter of hours. This may be a good project, but I don't understand going for such a high valuation. The Ethereum ICO had an initial soft-cap of just $18 million. And these guys are going for almost 4,000 times of that amount. And for ICP, I don't think that the prices have bottomed out yet. The cryptocurrency market as a whole is looking bearish and for overpriced coins such as ICP, the future outlook is quite bleak.

Coroline

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An Internet computer is a digital token running on its own protocol called the Internet Computer Protocol, which allows anyone to create software or publish content on the Internet without using services from large companies such as Amazon, Google, or Facebook. The protocol, according to Dfinity founder Dominic Williams, provides an "anti-hack platform", reduces costs "dramatically", and is operable. He also said the protocol was intended to make the Internet "fun again", by enabling people to create a "new open Internet" and provide users with a "better deal".

It looks like a good project and makes it to the top 10 in CMC.

posi

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Quote from: perfect999 on May 12, 2021, 03:19:08 PM

Quote from: riiiiising on May 14, 2021, 08:21:44 AM

This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC

Yeah, right now just any coin can surge among the ranks at coinmarketcap and recently I also see shiba inu token making waves all around the market but when I joined their telegram and tried to understand what this token actually does because their website just thinks it is a dogecoin killer, I got some horrible replies with everyone promising shiba to the moon while none having the requisite knowledge of how to answer a question and even deleted a few posts which asked questions and raised concerns.

Finally I was able to understand that it is another decentralized swap like uniswap, at least that's what it does from my understanding of it. Now we are seeing new coins like OP said ICP and there are going to be new coins almost every now and when on the top of the list at CMC because someone is manipulating the whole market it seems.

Whenever a coin has the word "killer" in its value proposition or any marketing slogan, I immediately skip. Who is so stupid to call their own coin a killer of some other coin?
Never going to understand that.

Only a dream coin owner or teams who's probably creating coin for their own benefit will called his/her own coin killer of some other coin just like how we seen in the life of Craig Wright.
The worse part is that hype follower and investors who are greed of profit making will buy it.

ICP is weird because it suggests a llike but not to be a medium of exchange or so. I didn't read up on its purpose yet, I just see as everyone else how a coin that almost nobody has an idea about explodes in price.

Some of the no valued project owner are wise and understand it easy for shit project to surge in price when it bullish market that's why they hype their project by manipulating the price and pay a reputable article writer to make an advert about the coin surge after that greed money making investors will join in the fold that's the logic they used mate.

riiiiising

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Quote from: perfect999 on May 12, 2021, 03:19:08 PM

Quote from: pilosopotasyo on May 12, 2021, 06:22:56 PM

This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC

Yeah, right now just any coin can surge among the ranks at coinmarketcap and recently I also see shiba inu token making waves all around the market but when I joined their telegram and tried to understand what this token actually does because their website just thinks it is a dogecoin killer, I got some horrible replies with everyone promising shiba to the moon while none having the requisite knowledge of how to answer a question and even deleted a few posts which asked questions and raised concerns.

Finally I was able to understand that it is another decentralized swap like uniswap, at least that's what it does from my understanding of it. Now we are seeing new coins like OP said ICP and there are going to be new coins almost every now and when on the top of the list at CMC because someone is manipulating the whole market it seems.

Whenever a coin has the word "killer" in its value proposition or any marketing slogan, I immediately skip. Who is so stupid to call their own coin a killer of some other coin?
Never going to understand that.

ICP is weird because it suggests a lot but not to be a medium of exchange or so. I didn't read up on its purpose yet, I just see as everyone else how a coin that almost nobody has an idea about explodes in price.

livingfree

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Quote from: livingfree on May 11, 2021, 02:58:00 PM

It just so happen that it popped out on the list and became at the top coins. I know what's the reason why it suddenly appeared on the top list but I don't know what's so special about it.

And the reason is because of the listing it made on Binance.

https://www.binance.com/en/support/announcement/33b6e8116ce54705ac89e898d1a05510

The big pumps come from followers of internet computer, now that the coin is listed in the number one exchange in the industry, they want investors and traders to take notice of their presence, this is the best introduction of the coin when just listed in a top exchange, create a pump so people will notice it and entice them to buy.

It is the usual style of many projects.

They get listed to exchanges and if it's on Binance, they'll expecting a huge crowd coming and investors and traders won't let that opportunity to pass and miss.

But what's next about that attention, price will drop when everyone took their profits already.

posi

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Quote from: perfect999 on May 12, 2021, 03:19:08 PM

Quote from: perfect999 on May 12, 2021, 03:19:08 PM

This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC

Yeah, right now just any coin can surge among the ranks at coinmarketcap and recently I also see shiba inu token making waves all around the market but when I joined their telegram and tried to understand what this token actually does because their website just thinks it is a dogecoin killer, I got some horrible replies with everyone promising shiba to the moon while none having the requisite knowledge of how to answer a question and even deleted a few posts which asked questions and raised concerns.

That's the problem we have in a bullish market and that promised the coin to rise to the moon are hired by the project and they called Shiller's, their only job is to say something positive that are mostly not real about the project and also report any question that may raise a red flag about the project that the reason why some of your few posts are deleted.

Finally I was able to understand that it is another decentralized swap like uniswap, at least that's what it does from my understanding of it. Now we are seeing new coins like OP said ICP and there are going to be new coins almost every now and when on the top of the list at CMC because someone is manipulating the whole market it seems.

The purpose of the Shiba Inu team was not to create a decentralized exchange like uniswap, that part was supplementary and if you read the purpose of the coin creation as writing on CMC you'll know it was created as Dogecoin killer and to unity Shiba Inu dogs lover.

pilosopotasyo

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Quote from: livingfree on May 11, 2021, 02:58:00 PM

It just so happen that it popped out on the list and became at the top coins. I know what's the reason why it suddenly appeared on the top list but I don't know what's so special about it.

And the reason is because of the listing it made on Binance.

https://www.binance.com/en/support/announcement/33b6e8116ce54705ac89e898d1a05510

The big pumps come from followers of internet computer, now that the coin is listed in the number one exchange in the industry, they want investors and traders to take notice of their presence, this is the best introduction of the coin when just listed in a top exchange, create a pump so people will notice it and entice them to buy.

livingfree

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Quote from: avikz on May 12, 2021, 04:50:08 AM

Quote from: livingfree on May 11, 2021, 02:58:00 PM

It just so happen that it popped out on the list and became at the top coins. I know what's the reason why it suddenly appeared on the top list but I don't know what's so special about it.

And the reason is because of the listing it made on Binance.

https://www.binance.com/en/support/announcement/33b6e8116ce54705ac89e898d1a05510

Do Binance has this kind of influence which can make a coin to come to the top 10 within one day of listing? If yes, then it's certainly bad for a claimed decentralized economy.

Yes, I think so. They now became the standard of most traders and investors, and the quote would be like this, if it's not listed on Binance then they should have list it.

Quote from: avikz on May 12, 2021, 04:50:08 AM

I also don't see an option to mine or stake this cryptocurrency anywhere. Is the only way to get ICP is through exchanges? Or there is any other way?

Yes, I think they're only tradable if you want to acquire a few of it and it is on many exchanges. https://coinmarketcap.com/currencies/internet-computer/markets/

Some other people got the first batch out of 12 from the airdrop dfinity did I think on 2018 which is totalling 119 ICP if distributed all at once. But they're smart enough to distributed it a little by little.

Cappex

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Quote from: tygeade on May 12, 2021, 03:38:15 PM

It is actually one of the best projects coming up and it was earlier known as Dfinity and now it has been rebranded as ICP. I was always so keen in this project but the work done on it was rather slow so I forgot about it until recently when I see it somewhere and I was glad that it is now fulfilling the potential it always had. I am not a big fan of the guy who created this project because he seems a bit arrogant for my liking, but the project is no doubt one of the best out there.

I am not 100% sure whether I want to invest in the coin but the idea they have is pretty amazing, I would insist on reading it once if you haven't already. Basically, they are decentralizing the whole web, which sounds good but I am not 100% confident whether it is achievable or not.

what i am wondering, who buys the ICP token for what are they using it? is it already possible to have a real use in the project or is it still just speculation?

tygeade

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It is actually one of the best projects coming up and it was earlier known as Dfinity and now it has been rebranded as ICP. I was always so keen in this project but the work done on it was rather slow so I forgot about it until recently when I see it somewhere and I was glad that it is now fulfilling the potential it always had. I am not a big fan of the guy who created this project because he seems a bit arrogant for my liking, but the project is no doubt one of the best out there.

I am not 100% sure whether I want to invest in the coin but the idea they have is pretty amazing, I would insist on reading it once if you haven't already. Basically, they are decentralizing the whole web, which sounds good but I am not 100% confident whether it is achievable or not.

perfect999

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Quote from: Cappex on May 11, 2021, 04:03:05 PM

This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC

Yeah, right now just any coin can surge among the ranks at coinmarketcap and recently I also see shiba inu token making waves all around the market but when I joined their telegram and tried to understand what this token actually does because their website just thinks it is a dogecoin killer, I got some horrible replies with everyone promising shiba to the moon while none having the requisite knowledge of how to answer a question and even deleted a few posts which asked questions and raised concerns.

Finally I was able to understand that it is another decentralized swap like uniswap, at least that's what it does from my understanding of it. Now we are seeing new coins like OP said ICP and there are going to be new coins almost every now and when on the top of the list at CMC because someone is manipulating the whole market it seems.

riiiiising

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The project has been huge and active since before 2018, the capital raised is enormous and the vision is ambitious.
The debut on major exchanges makes me very bullish but I think there is too much hype now and dfinity is a long-term project.
A bear market could make you buy the token at a cheaper price.

Your comment reminds me of EOS and the billions it has raised some years ago. Still they couldn't bring forward any considerable innovation. No clue how much money they have left but it goes to show that massive funding is only one part of the puzzle to build a blockchain project that offers value to its users beyond just being a tradable asset.

posi

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This is the worse situation when it bullish market, coins with no genuine use case, potentials and utility will make a ridiculous surge in price the next thing you'll see is hype follower investors buying the coin for some quick profit whereas the bubble will burst sooner or later.
I check CMC today either, I also saw the coin and I was amazed by some new coins that claimed the top #100 slot on CMC

jacafbiz

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The project shows a lot of promising but it is now that the team need to justify the current price, I don't know of any project listed on the chain currently or any that is looking to list on the chain. ICP is another well hyped VC project, I just hope this do not end up as another Filecoin and EOS

beerlover

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immediately went up to the 8th position within just one day.

These days with massive circulating supply, new coins are simply enjoying higher rank on coinmarkcatcap easily.
If my memory serves me correctly then in recent times another coin which got listed into top 10 rank was palkadot.

Quote from: Johnyz on May 11, 2021, 05:05:02 PM

Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

Already we have Hedera and BSC which are promising for providing solutions to scaling problems and being considered for heavily competitors for etehreum in the sector of dapps. So, having another one is definitely not a surprise in this decentralized environments.

Kabul

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Just read about it. It is a good projects but as you say, there have been too many in the same category. However, this project seems to be invested by different institutions and individual sharks. Maybe it is a good coin to invest but according to what I see, if a new coin can get to the top 5, soon it will slowdown the trend and be pullback because of people taking profit

slashz9

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maybe because of the big fomo of binance, then this project has been created for a long time but it will only be released now when the market conditions are bullish if it is not good, then binance will not list the project but we'll see if this project can survive.
Investing in a new project that has high hype has an advantage now, as the price can go up in a short period of time.

noorman0

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[Nope]No hype delivers more than hope

-snip-
I’m still on a search about ICP and looking for the main reason why they placed on top easily, something is good about this project for sure.

Instead I checked coingecko, icp has no rating.
https://www.coingecko.com/en/coins/internet-computer.

No, I guess cmc puts it on the top 10 list based on its volume cap, but how is it possible that only opening trades (based on cmc chart) since May 10 have reached such a large volume?

marcous

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Quote from: Johnyz on May 11, 2021, 05:05:02 PM

They didn’t came from any form of investment since they already have the funds to support for it and they only made an Airdrop which I also don’t know if its legit or not. It looks like projects nowadays can easily reach the top without any experience in the market, I’m still on a search about ICP and looking for the main reason why they placed on top easily, something is good about this project for sure.

You are right, internet computers were first introduced on coinlist in 2018, they also held an airdrop on coinlist. Airdrop participants get 100 or 300 ICP tokens. Yesterday the ICP token reached ATH after being listed on the Binance exchange. The current ICP price has dropped 50% from the ATH price. Looks like a pretty good time to make an entry.

mich

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ICP is currently priced at $350 after being priced at $630 on Coinbase and high as $3093 on Binance.

https://cointelegraph.com/news/how-did-internet-computer-icp-become-a-top-10-cryptocurrency-overnight

blackened515

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I made a research about this coin and noticed it did presale on coinlist exchange platform.
This platform had conducted a huge and high profile projects from her beginning, this coin is not the first conducted there, and such the projects that conducted their presale often be the best with huge jilime and high community support, casper, dfinity, flow, clover, Rally and many others to be mentioned.

https://coinlist.co/

Renampun

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Quote from: Jackl87 on May 12, 2021, 05:15:29 AM

There is a new coin listed in CMC which immediately went up to the 8th position within just one day.

https://coinmarketcap.com/currencies/internet-computer/

The main company behind this coin is dfinity. Org. Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

What's special about this one?

This is the first time I heard about this token...

What caught my eye, this token reminded me of last year's Polkadot which immediately entered the top 10 of Coinmarketcap. I saw on their dfinity.org, big media like TechCrunch, WSJ, Forbes, and BI wrote articles about ICP. at this high price, I'm not sure it will attract many investors.

electronicash

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There is a new coin listed in CMC which immediately went up to the 8th position within just one day.

https://coinmarketcap.com/currencies/internet-computer/

The main company behind this coin is dfinity. Org. Which seems to be another coin with smart contract capability with great scaling opportunity. I mean we have many other coins of Similar sort.

What's special about this one?

It's a pretty big project that raised a lot of money back in 2017 or 2018 i think then it was silent for a long time until a few months ago. Also there was a airdrop of this coin back in 2018 where you had to pay the KYC-fee for the airdorp yourself (around 9$ in ETH) then you would get 28 ICP for that. Some users even got 119 ICP if they were in their telegram channel early. A small percentage (<10%) of this airdrop and i guess also of the coins of the sale are now unlocked and the project is just so big and hyped that the big exchanges immediately listed it.

hell thats a big amount. sell it 😄

i've also heard of that dfinity project before but i never thought its really a big project. their ticker isn't ICP as far as i know.
so there is money from airdrop. you got to wonder how this sudden rise of price. anything that you learn about it or announcement they did?

GreatArkansas

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To be honest, their choice of name for their coin is really awful. It's kinda a meme name for me.
I haven't yet deep-dived into this project, but I think this is huge, especially because of the market cap and listing on huge exchanges.

Another thing is, as far as I remember, this project started around 2016 - 2017. So for me, probably this is very huge, the development process was very long.

Jackl87

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