A Surprise Altcoin Announces Major Burn and Update – Once Among the Largest Altcoins

The DFINITY Foundation announced a significant change to the economic model of the Internet Computer ($ICP) network.

According to the statement released by the foundation, while the revenue structure of node providers was restructured, a remarkable mechanism was also implemented in the $ICP token supply dynamics.

In the old model, node providers only received a fixed reward for running nodes. The new model makes the revenue structure more performance and demand-driven. Accordingly, 80% of the revenue generated from “cloud engine” services will be distributed directly to the nodes providing computing power. The remaining 20% will be used to burn $ICP tokens. This mechanism aims to reduce supply in parallel with network usage.

The foundation argued that this change signifies a shift in the Internet Computer ecosystem towards a growth model based on “real demand” and “real infrastructure.” Generating revenue directly from cloud services and allocating a large portion of it to node operators aims to make the network more sustainable and market-oriented.

Meanwhile, it has been reported that the Node Provider Association has begun preparations to market its cloud engine services to enterprises across Europe.

According to market data, the $ICP token is trading at $2.27, up 6.49% in the last 24 hours. However, the asset has lost approximately 69% of its value year-to-date.

The chart shows the increase in $ICP price.

*This is not investment advice.