As DFINITY Foundation prepares for the Mercury Genesis Launch Event scheduled to take place on May 7, 2021, cryptocurrency derivatives trading platform FTX has launched the Internet Computer Protocol futures ICP-PERP. Additionally, Coinbase Pro is set to list ICP tokens after the Genesis event tomorrow.
According to metrics provided by FTX, ICP-PERP was trading around $166 at the time of reporting , although the volatility was significantly high thus an unstable price. FTX noted that there will be no funding payments until there are sustainable markets to form an index. “Until the ICO mainnet launches and there are suitable markets available to form an index, the ICP-PERP index will be equal to the ICP-PERP market price, and there will be no funding payments,” FTX noted on its trading platform.
Notably, Coinbase advised its customers that they can begin to deposit ICP tokens as soon as the Mercury Genesis Launch Event takes place. “Once Internet Computer (ICP) governance tokens become generally available, transfer ICP into your Coinbase Pro account ahead of trading. We will publish tweets from our Coinbase Pro Twitter account as a date becomes available,” Coinbase notified its customers through Twitter.
ICP Token by DFINITY and Mercury Genesis Launch Event
Binance-backed Coinmarketcap has been providing different market data on ICP, that has been aggregated from other exchanges including MXC.COM, and TOKOK. Coinmarketcap indicated ICP was trading around $292.08 at the time of reporting, having dropped approximately 0.75% in the past 24-hours. The ICP token recorded a daily high of around $367.51, and ranked position 2600 by market capitalization.
In total, 469,213,710 ICP tokens will be distributed to various investors including 52.93% to the foundation endowment, team and partnership tokens. 9.5% of the ICP tokens will be allocated to early contributor tokens, and 24.72% of the tokens will be issued to seed fundraise contributors. 6.85% will be allocated for strategic fundraise contributors with a three-year vesting period. 4.75% of the ICP tokens will be allocated for presale fundraise contributors while the remaining 1.25% will be airdropped to 50 000 community members.
DFINITY foundation aims to decentralize the internet and give people the power over governance away from centralized cloud technology that mostly defines Web 2.0. Basically, the DFINITY Foundation through the Internet Computer protocol aims to build technology infrastructure to enable Web 3.0.
“Genesis marks the public launch of the Internet Computer, when the network spins out as part of the public internet, enabling developers, organizations, and entrepreneurs to build and deploy secure and interoperable software programs on the open network,” the company noted in a Medium blog.