Internet Computer (ICP) Tokenomics, Unlock Schedule and Vesting Chart

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Internet Computer (ICP) Token Unlock & Vesting Schedule

As of October 16, 2026, 558.81 million ICP have been released. The schedule is ongoing, with no final release date. Over the next 12 months it releases 16.3 million ICP (all estimated) from NNS governance voting rewards minted as ICP and Newly minted node-provider rewards, worth about $49.79 million at today's price (2.94% of the market cap). Today's release is an estimated 46,570 ICP from NNS governance voting rewards minted as ICP and Newly minted node-provider rewards.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

ICP and cycles

ICP has several roles. Holders can stake it in NNS accounts called neurons to vote on proposals. People developing applications can convert ICP into cycles, the units used to pay for computing, storage, and other network work. ICP is also used to compensate the providers who operate node machines. (docs.internetcomputer.org)

Cycles make app costs easier to plan. Their conversion rate is linked to a basket of currencies called the IMF’s Special Drawing Rights, rather than being a fixed number of cycles for every ICP token. When ICP is converted into cycles, the ICP is burned. Canisters then spend cycles as they operate. Under this approach, an app developer can cover computing costs so that a visitor does not need to hold tokens just to use the app. (docs.internetcomputer.org)

ICP’s supply changes through more than one process. The network creates ICP for node-provider payments and for governance rewards when voters turn earned maturity into tokens. Converting ICP into cycles and paying certain network fees remove ICP from supply. The balance between these processes depends partly on how much computing the network’s applications use. (docs.internetcomputer.org)

Upcoming ICP Releases

Period	Allocation	Type	Amount	Value
Oct 16 – 31, 2026	NNS governance voting rewards minted as ICP	Issuance, estimated	532.5K	$1.6M
Oct 16 – 31, 2026	Newly minted node-provider rewards	Issuance, estimated	212.6K	$649.6K
Nov 2026	NNS governance voting rewards minted as ICP	Issuance, estimated	998.4K	$3.1M
Nov 2026	Newly minted node-provider rewards	Issuance, estimated	398.7K	$1.2M
Dec 2026	NNS governance voting rewards minted as ICP	Issuance, estimated	1M	$3.2M
Dec 2026	Newly minted node-provider rewards	Issuance, estimated	412K	$1.3M
Total, next 12 months			16.3M	$49.8M

1–6 of 24 releases

of 4 pages

Values at $3.06 per ICP (October 16, 2026), today's price, not a forecast. Releases continue after September 2027. Estimated amounts are modeled from the schedule's rules rather than dated by a source; see the Assumptions below. Releases without dates are listed under Allocations.

Assumptions

ICP began with approximately 469.2 million minted tokens allocated among contributors, investors, the team, organizations and community recipients. Sources describe monthly airdrop, strategic-round and presale releases, but dates for many other genesis allocations remain unresolved. The network also mints ICP for converted voting rewards and node providers; the chart estimates timing between sparse cumulative mint measurements rather than showing observed monthly issuance. An independently verified September 29, 2026 supply and burn total, and the gross mint history needed to reconcile it, remain unavailable.

Early contributors: The sources give the amount but no release dates.
Seed contributors: Releases depend on recipients claiming tokens or on grants being awarded.
Strategic partnerships: The sources give the amount but no release dates.
Initial community and developer grants: Releases depend on recipients claiming tokens or on grants being awarded.
Genesis node-operator allocation: The sources give the amount but no release dates.
Internet Computer Association: Releases depend on future governance or treasury decisions.
Team members: The sources give the amount but no release dates.
Advisors and other third parties: The sources give the amount but no release dates.
DFINITY Foundation: Releases depend on future governance or treasury decisions.
NNS governance voting rewards minted as ICP: New issuance depends on network activity, such as staking, so it cannot be dated in advance.
Newly minted node-provider rewards: New issuance depends on network activity, such as staking, so it cannot be dated in advance.

Sources (14)

Total Supply N/A

Unlocked Supply 558.81M

Unlock Progress —

Genesis Date May 2021

Fully Unlocked Ongoing

Allocations 15

Marketcap Rank (#) 61

Price ($) 3.00 -0.17% (7d)

24h Volume ($) 8.6M -9.06% (7d)

Marketcap ($) 1.7B

Fully Diluted Value ($) N/A

Circulating Supply N/A

Perpetuals: 4 markets on Binance, OKX, Hyperliquid and Lighter · $37.4M open interest

Spot

Perp


ICP/USDT	10M	341K/391K
ICP/USD	3.8M	307K/532K
ICP/USDT	3.1M	216K/274K
ICP/USDT	2.6M	297K/209K
ICP/USD	2.5M	373K/389K
ICP/USDT	1.8M	137K/130K
ICP/USDC	1.5M	172K/193K
ICP/USDT	973K	87K/96K
ICP/USDT	757K	279K/294K
ICP/USDT	618K	173K/153K
ICP/EUR	346K	165K/115K
ICP/USDC	304K	120K/118K
ICP/TRY	228K	11K/9.3K
ICP/BTC	87K	11K/38K
ICP/USDC	82K	31K/27K
ICP/USDC	72K	93K/112K
ICP/USDC	69K	172K/123K
ICP/EUR	62K	7.4K/13K
ICP/USDT	50K	22K/1.2K
ICP/EUR	40K	52K/53K
ICP/USDC	31K	79K/81K
ICP/BTC	29K	58K/56K
ICP/BTC	14K	739/2.7K
ICP/EUR	14K	68K/70K

Allocations

Genesis mint

469,213,710 tokens · 12 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Cliff: May 10, 2021 — 100.00% of allocation · 469,213,710 tokens

Sources: Internet Computer information guideAn Introduction to Dfinity and the Internet ComputerICP.SUPPLY — ledger-derived snapshot of supply, minting and burns

NNS governance voting rewards minted as ICP

Ongoing issuance

Observed release: 64,033,118 tokens

Timing not yet established (Aug 17, 2026 - open): amount unknown

Estimated from the last observation onward: about 33,281 per day (1,012,998 per month), the rate between the observations of 10 May 2021 and 16 August 2026.

Sources: Network economicsGovernanceICP.SUPPLY — ledger-derived snapshot of supply, minting and burns

Newly minted node-provider rewards

Ongoing issuance

Observed release: 25,567,557 tokens

Timing not yet established (Aug 17, 2026 - open): amount unknown

Estimated from the last observation onward: about 13,289 per day (404,476 per month), the rate between the observations of 10 May 2021 and 16 August 2026.

Sources: Network economicsNode Provider RemunerationICP.SUPPLY — ledger-derived snapshot of supply, minting and burns

Last Updated: 2026-09-29 17:29:47 UTC

Description

#61

Internet Computer is a network that enables end-to-end decentralization of online systems and services. It uses a set of protocols that allow data centers around the world to form a World Computer blockchain that can host any kind of software or data.

Sector:	Layer 1
Blockchain:	Other L1

2021

POS