ICPSwap Token PriceICS

What is ICPSwap Token (ICS)?

ICPSwap Token (ICS) is the ecological and governance token of ICPSwap, the native and pioneering decentralized exchange (DEX) built within the Internet Computer Protocol (ICP) ecosystem. ICS is an ICRC-1-compliant token that is unique to the ICPSwap Service Nervous System (SNS) DAO, meaning its issuance and governance are managed on-chain through the Internet Computer's SNS framework. The token launched on April 5, 2024, and was listed on CoinMarketCap on June 11, 2024. It carries a total issuance of 1 billion ICS. ICPSwap positions itself as the premier DEX on ICP, and ICS functions as both a utility and governance asset, comparable in some respects to issued shares in a traditional stock market. Circulating supply is reported as 0 by several data providers, while CoinMarketCap carries a self-reported figure of 75.83M ICS (about 7.58% of total supply). Market data such as price, valuation, and trading volume change continuously and are shown on data platforms.

Key Specifications & Tokenomics

• Token Name: ICPSwap Token
• Token Symbol: ICS
• Blockchain / Platform: Internet Computer Protocol (ICP)
• Token Standard: ICRC-1-compliant token
• Category: Decentralized Exchange (DEX) token, governance token
• Launch Date: April 5, 2024
• Total Issuance: 1,000,000,000 ICS (1B ICS)
• Max Supply: 1B ICS
• Reported Total Supply: 998.81M ICS
• Circulating Supply: 0 ICS reported by several data providers; 75.83M ICS self-reported by CoinMarketCap
• Governance: ICPSwap Service Nervous System (SNS) DAO
• Token Canister ID: ca6gz-lqaaa-aaaaq-aacwa-cai
• SNS DAO Canister ID: csyra-haaaa-aaaaq-aacva-cai
• SNS Status: SNS Launched
• Official Website: https://www.icpswap.com/
• Application URL: https://app.icpswap.com/
• Contact Email: [email protected]

Who created ICPSwap Token (ICS)?

ICPSwap is developed by ICPSwap-Labs, and its source code is published at github.com/ICPSwap-Labs. The project is governed through the ICPSwap Service Nervous System (SNS) DAO, a decentralized governance structure on the Internet Computer that includes proposals and neurons. Public communication runs through the project's X account (@ICPSwap), Telegram, Discord, and an OpenChat community channel. The contact email is [email protected].

How does ICPSwap Token (ICS) work?

ICS operates on the Internet Computer Protocol as an ICRC-1-compliant token, which is a token standard native to the ICP ecosystem. The token is governed by the ICPSwap Service Nervous System (SNS) DAO, a decentralized autonomous organization structure that manages proposals and voting through neurons. ICS can be staked through the ICPSwap staking pool at app.icpswap.com/stake, and holders can also participate in SNS governance by staking in neurons. An ICS Airdrop NFT was announced; after ICS issuance, the NFT can be exchanged directly for ICS tokens or ICS is issued to the corresponding addresses. The ICP Dashboard provides transparency into the token's activity, tracking ICS account balances, transaction history, and burn transactions through the SNS DAO canister. Because ICPSwap itself is a decentralized exchange, the token is tied directly to the DEX's on-chain operations. Its price is determined by global supply and demand across the venues where it trades, with every transaction recorded on a public blockchain that anyone can verify.

What makes ICPSwap Token (ICS) unique and valuable?

ICS derives its distinctiveness from being the token of a native, pioneering DEX on the Internet Computer Protocol. Rather than launching on an established smart contract chain, ICPSwap is built directly on ICP, and ICS is issued under the ICRC-1 standard unique to the ICPSwap SNS DAO. This structure gives the token a direct governance role in the DEX's development through the SNS framework, including proposals and neuron-based voting. ICS is tracked on major data platforms including CoinMarketCap, CoinGecko, and Coinbase, which broadens its visibility to market participants. The staking pool and SNS neuron staking add further utility. Its value proposition rests on the growth of the ICP decentralized finance ecosystem and the adoption of ICPSwap as a trading venue.

What is ICPSwap Token (ICS) used for?

ICS serves primarily as the ecological and governance token of the ICPSwap DEX. Its core functions include participation in the governance of the ICPSwap Service Nervous System (SNS) DAO, where token holders can engage in decision-making through proposals and neurons. ICS can be staked through the ICPSwap staking pool at app.icpswap.com/stake, providing a yield mechanism for long-term holders. As the native token of a decentralized exchange, it is also used within the ICPSwap trading environment. Crypto.com lists conversion pairs for ICS against AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. ICPSwap uses its fee revenue to buy back and burn ICS, reducing total supply over time. Overall, ICS combines governance rights, staking utility, and trading functionality within the ICP ecosystem.

How Is the ICPSwap ecosystem developing?

The ICPSwap ecosystem is built around its position as the native, pioneering, and premier decentralized exchange within the Internet Computer Protocol ecosystem. ICS is tracked on major data platforms including CoinMarketCap, CoinGecko, and Coinbase. The ICPSwap application provides token detail pages and swap functionality, though the app requires JavaScript to run. The project maintains transparency through the ICP Dashboard, which tracks the SNS DAO canister, account balances, transaction history, and burn activity. Community engagement occurs through the project's X account (@ICPSwap), Telegram, Discord, and an OpenChat community channel. The ecosystem remains in an early phase, with reported circulating supply at zero and limited trading volume across the venues where it is listed.

How to mine ICPSwap Token (ICS)?

ICS is not mined through proof-of-work or similar consensus mechanisms. Instead, tokens are distributed and managed through the ICPSwap Service Nervous System (SNS) DAO on the Internet Computer Protocol. The primary way to earn ICS-related rewards is through staking. Holders can stake ICS through the ICPSwap staking pool at app.icpswap.com/stake. Staking involves locking tokens to participate in governance and receive rewards. Additionally, participation in the ICPSwap SNS DAO through proposals and neuron voting forms part of the token's governance and incentive structure. An ICS Airdrop NFT was announced; after ICS issuance, the NFT can be exchanged directly for ICS tokens or ICS is issued to the corresponding addresses. ICPSwap uses its fee revenue to buy back and burn ICS, reducing total supply over time. There is no traditional mining process; acquisition occurs through market purchases on supported venues or through staking rewards.

How to keep your ICPSwap Token (ICS) Coin safe?

Securing ICS requires attention to both the specific characteristics of the Internet Computer ecosystem and general crypto safety practices. Because ICS is an ICRC-1 token on ICP, it is held in wallets compatible with the Internet Computer, and users should ensure they use reputable wallet software that supports ICRC-1 tokens and the SNS DAO framework. Staking ICS involves locking tokens, so users should carefully review staking terms and understand the unstaking process before committing funds. Holders should be aware that liquidity risk is elevated, meaning prices can move sharply on relatively small trades, and strict risk management is advisable. Users should verify all contract and canister identifiers, such as the token canister ca6gz-lqaaa-aaaaq-aacwa-cai and the SNS DAO canister csyra-haaaa-aaaaq-aacva-cai, through official sources like the ICP Dashboard. As with all crypto assets, ICS carries significant market risk, including extreme volatility and the potential loss of entire capital. Protecting private keys, using hardware wallets where possible, and remaining cautious of phishing attempts are essential practices for safeguarding any ICS holdings.