The reins of network governance for the Internet Computer are firmly in the hands of the broader community, which controls around 60% of the voting power.
The DFINITY Foundation and the Internet Computer Association will never collectively hold more than 50% voting power. At Genesis, the combined voting power between these two not-for-profit organizations is 40%.
As more ICP tokens are distributed, and as token holders stake tokens to participate in network governance, voting power of the DFINITY Foundation and Internet Computer Association will decrease, enabling the community to take on a greater role in governing the network.
To date, 4,970 proposals have been submitted to the NNS and voted on by the community. Read more about governance and how the voting power of a neuron is calculated.
Community Concerns: Will the price go up of ICP coin? As long as VC who had ICP for probably $0.4 are selling, the answer is no for a long while. You can buy more now and later and HODL. That is what I am doing.
Please prove your investors/token holders that it’s worth to be part of this project. ICP prices are getting lower and will end at zero. I’m trying to be thoughtful and understanding of the temporary downturn in the entire crypto market but Dude the steady loss is not causing me to cheer as loud as I should.
The price has not stopped falling since launch. This is the worst project I’ve ever invested in. It’s not hard to tell that that 60% are a few whales controlling most of it and a multitude of bag holders controlling a significant part of it.
So you’re saying it isn’t wise for full adoption until you’ve reach decentralization? Who says it’s decentralizing. The people who are dumping it for weeks are the same people buying it back 99% lower.
Optimism: You are the same company now that you were when all the excitement drove this project into the top 5. The crypto market has been brutal ever since. This too will pass. Keep up the game changing work.
Why is it dumping? It’s not, it’s correcting to actual value. I like your project and still holding but the people need some pump to feel bring back the faith and recover the trust. Time will tell, we will see.
Crypto Marketers: People come to Ethereum because capital and safety of markets and new financial products. This is why yield exists and DeFi has found it’s home in ETH.
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