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How to Buy ICP?

The ICP token plays a number of roles on the Internet Computer. Firstly, as a governance token, it can be staked to exercise those governance rights. As a utility token, it can be burned to obtain ‘cycles‘ which serves as gas for computation and storage in canister smart contracts. It can also be minted to reward ‘node machine‘ providers for providing that compute and storage.

Step-by-step

  1. Create a LCX account

Sign up or download LCX Mobile and start the sign up process. You will need a valid ID and proof of address in order to transact, so be sure to have those ready. Verifying your ID may take longer than a few minutes, depending on where you live. Click here to get verified.

2. Deposit token

Click on “Wallet” and then “Deposit”. Choose the “Coin”, Choose the “Provider” and deposit the token. 

3. Start a trade

On exchange.lcx.com/ , select trade and choose the ICP pair that you want to trade. Select “buy” or sell,”  enter the bid and amount you want to buy, and click buy ICP. 

4. Done

Once the order is processed, you will receive an order confirmation email. That’s it, you’ve bought ICP.

About ICP

The ICP utility token (formerly known as “DFN”) is the primary mechanism that allows the broader internet community to participate in the governance of the Internet Computer blockchain network. ICP can also be dissolved and converted into cycles, which are then used to run websites and dapps as well as power computations on the Internet Computer via canister smart contracts.

Whitepaper

Buy #ICP Token
John Doe
Designer

Only registered users of the LCX platform are eligible to purchase the Tokens. The Issuer will not sell any Tokens where potential buyers are citizens or residents of restricted jurisdictions as determined by the Issuer. In particular, restricted jurisdictions are the United States of America and China, further, any US persons are prohibited from participating. 

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