I’d like to know more about ICP tokens. When will this information become available?

No, there is no administrative fee associated with the creation of your CoinList Wallet or KYC verification. 

Yes, you will need to sign up for a CoinList Wallet and pass the associated KYC verification if prompted, to be eligible to receive your ICP token allocation. 

If you do not have access to your registration details related to the DFINITY Community Airdrop, please visit our Help Center. Inquiries will be assessed on a case-by-case basis, and there are no guarantees that we will be able to process your ICP token allocation. 

For the DFINITY Community Airdrop, DFN tokens will now be allocated as ICP tokens. As it relates to this airdrop, there is no difference between DFN tokens and ICP tokens, nor does it affect your allocation.

Once you have successfully completed the verification process to gain access to a CoinList Wallet, you will be able to see a representation of your ICP token balance in your CoinList Wallet. 

You can confirm your ICP token allocation by completing the CoinList Wallet creation process and reviewing the placeholder ICP tokens in your wallet. You must use the email address related to your registration for the DFINITY Community Airdrop.

You can check your airdrop registration status at https://coinlist.co/dfinity

For registered participants who were originally notified that their allocation was “100+ CHF,” the final ICP token allocation awarded will be 120 CHF. 

For support relating to the DFINITY Community Airdrop or CoinList Wallets, please visit our Help Center for.

ICP tokens can be used in two ways:

• ICP tokens can be used to create “Cycles” (aka, fuel): Software hosted on the Internet Computer must be charged up with Cycles in order to run. These act as fuel that the software consumes in the course of its normal operation, such as when it executes low-level instructions or maintains data in memory. To create Cycles, you have to burn ICP tokens. Because burned ICP tokens disappear, and Cycles also disappear when they are used to fuel computation by hosted software.  
• ICP tokens can be used to participate in governance: The Internet Computer network is controlled by an algorithmic governance system called the Network Nervous System (NNS). It will be possible to lock ICP tokens within the NNS to create “neurons” that allow you to vote on proposals that affect the network’s operation, and in return receive voting rewards in the form of additional ICP tokens. 

ICP tokens will be unlocked and accessible shortly after public launch of the Internet Computer.

Previously, registered participants were required to complete a KYC verification to qualify to participate in the DFINITY Community Airdrop. For some participants, your original KYC may still be valid and sufficient for you to be eligible for a CoinList Wallet, while others may need to update information and/or complete additional verification procedures to gain access to a CoinList Wallet.