On Sep 30, DFINITY introduced its ultimate milestone launch earlier than the community’s public launch later this 12 months. This launch, referred to as Sodium, represents a “function full” model of the community. The corporate additionally disclosed particulars about their governance system, referred to as Community Nervous System, or NNS.

NNS will use a proprietary token referred to as ICP to facilitate operations on its “Web Pc.” At launch, there will likely be 469,213,710 ICP tokens in existence — a quantity decided by the amount of tokens beforehand issued by way of pre-sales and different distribution rounds.

Whereas NNS’ most up-to-date fundraising effort supplied ICP tokens at a charge of round $4.50, the futures value of the asset is at present over $17. If this hypothetical worth holds true, it could give the token a market cap of round $8 billion at launch. A value this excessive could be sufficient to position it squarely within the High 5 on CoinMarketCap.

Williams wouldn’t be drawn on this statistic nonetheless, telling Cointelegraph:

“…we’re centered on the know-how, ensuring the Web Pc capabilities efficiently, and the immense constructive affect and advantages it would convey the world, so pay little consideration […] We expect in the long run, whereas markets, particularly crypto markets, are very unstable and short-term indicators.”

The NNS is an algorithmic governance system which can enable ICP holders to lock tokens inside it to create “neurons.” These present voting rights on proposals which have an effect on the community’s operation. Additionally they give contributors rewards within the type of extra ICP tokens.

The impartial knowledge centres which run the particular node {hardware} underpinning DFINITY’s Web Pc are additionally rewarded in ICP tokens.

DFINITY chief scientist and founder Dominic Williams had this to say in regards to the launch:

“It’s the technical resolution to the systemic issues massive tech have created with their monopoly over the web […] The NNS is the catalyst for the open web we have been promised within the Nineteen Nineties, and it ensures the way forward for the web stays open and free.”

DFINITY’s Web Pc goals to supply a really decentralized various to working and internet hosting content material by way of massive tech’s cloud companies. As an alternative, customers straight work together with code held on an immutable blockchain.