Is $ICP coin dead? What ICP founders are doing sustain and grow the project?
ICP Coin Price Dump Reasons:
- Overhype and unmet expectations.
- Centralization concerns.
- Lack of adoption.
**Dfinity Foundation's Efforts to Grow ICP
Project:**
- Building developer and user ecosystem.
Enhancing performance and scalability.
- Marketing and education.
- Addressing decentralization concerns.
Examples and Timelines:
- $200M+ in grants to projects like Fleek, Stoic, Distrikt.
- Regular hackathons with 1,000+ participants.
- Ongoing feature and service launches (e.g., ICP Naming Service).
- 2023: Targeting 1,000 developers.
- 2024: Aiming for millions of users.
- 2025: Decentralization and censorship resistance goals.