$ICP
A Brief History of Internet Computer
When the mainnet and ICP token debuted in May 2021, ICP was one of the most valuable cryptocurrencies in market capitalisation. Unfortunately, its value dropped by roughly 95% in the month after its launch, sparking allegations of insider trading.
Founded by Dominic Williams, DFINITY is backed by investors including Andreessen Horowitz, Polychain Capital, Amino Capital, SV Angel, Eterna Capital, and Aspect Ventures, raising US$121 million of equity funding.
ICP allows individuals to create a new open Internet that provides customers with a better deal, lowering user expenses. ICP operates on the same principle as other blockchain cryptocurrencies, using smart contracts or codes to serve as an agreement between users. The Internet Computer creates websites, services, applications, and enterprise systems.