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ICP Reboot Launches New ICPR Token after Forking Dfinity’s ICP -Breaking

by Mike Robinson

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ICP Reboot Launches New ICPR Token after Forking Dfinity’s ICP

Internet Computer Reboot, a community-driven initiative that forked The Internet Computer Protocol(ICP), aims at creating a decentralized version of The original ICP protocol. Today, ICPR was delighted to release the new ICPR coin.

Token release by ICPR is a relaunch of the Internet Computer Protocol (ICP). It forks the project in order to ensure fair, transparent and democratic control over new network.

“The seed investors and early ICP contributors will receive the new ICPR tokens in accordance with their ICP allocations.”
Ross Jackson is a commuinty-builder at ICPR.

“They’ll be able claim their fully-vested token allocations with no additional locking or vesting.”
He continues. The project has outlined why and how the initial tokens of the ICP Reboot (ICPR) will be distributed to Dfinity’s original seed investors and early contributors here and here.

The initial token distribution has begun on October 4th and focuses on distributing ICPR tokens to Dfinity’s 375 seed investors and early contributors in the following phases:

  • Phase #1 (October 4th — November 4th) — Claims and Disputes: pre-launch opt-in process to confirm and guarantee your grant.
  • Phase #2 (November 4th — December 24th) — Allocation to Verified Participants: simultaneous allocation to participants in phase #1 and continued post-launch claims and distributions.
  • Phase #3 (December 24th) — Allocation to Remaining Participants: allocation to remaining seed investors and early contributors who didn’t participate in the previous phases.

Arkham Intelligence research suggests that Dfinity is the most popular option.

“quietly allowed its Treasury and insiders to send 18.9 million of ICP to exchanges, while making it extremely difficult for their longtime supporters to access the tokens they were promised.”
The ICPR is first issued as an ERC20 token standard and audited on the blockchain. It will then transition to the new network once it is available. Its relaunch creates an inclusive and open environment where everyone can participate and make contributions.

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