Node operators process transactions and receive token incentives. These independently owned high-spec node machines around the world are connected via Internet Computer Protocol (ICP), creating a self-sovereign network not reliant on any cloud services. Advanced cryptography allows any application or service to be run on the network in a decentralized manner via smart contracts.

The Internet Computer is a decentralized cloud blockchain, where apps can be built fully onchain, using AI, or by coding. Try caffeine.ai & icp.ninja.

ICP tokenholders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). ICP Holders can stake their ICP on the Network Nervous System (NNS), an advanced fully on-chain DAO that facilitates liquid democracy. Staking ICP allows users to submit proposals, vote on proposals, and earn rewards for their participation in governance. Internet Computer's investors include Polychain, Scalar Capital, Amino Capital, etc.

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Internet Computer

# Internet Computer Token incentives Methodology

## 1. Overview

Token incentives for Internet Computer measures the total daily ICP tokens distributed as rewards across the network. This metric captures both governance participation rewards and node operation rewards, representing the blockchain's native token distribution mechanism to incentivize network participation and security. The calculation combines two reward streams, converts to USD values, and provides daily aggregated totals.

## 2. Data sources

- **Internet Computer governance rewards**: Daily governance reward data collected from the Internet Computer network via Dfinity's scraper system, containing timestamps and ICP token amounts
- **Internet Computer node rewards**: Daily node operation reward data collected from the Internet Computer network via Dfinity's scraper system, containing timestamps and ICP token amounts  
- **Token price data**: End-of-day price feeds from CoinGecko for ICP token (`internet-computer` ID) used for USD conversion
- **Chain availability data**: Internal chain availability filters to ensure data completeness

## 3. Step-by-step calculation

### Component A: Governance rewards processing
- **Purpose**: Extract and standardize daily governance rewards distributed to ICP token holders
- **Logic**: Raw governance reward data is pulled from the Dfinity scraper system containing daily timestamps and ICP token amounts. The `value` field represents ICP amounts in 8-decimal precision (native ICP format) which is converted to whole tokens by dividing by 10^8. Duplicate records are handled by partitioning by `timestamp` and selecting the most recently inserted record using `row_number()` ordered by `inserted_at` descending
- **Key fields**: Daily timestamp, chain identifier set to 'internetcomputer', contract name and incentive type set to 'Governance rewards', token symbol 'ICP', CoinGecko ID 'internet-computer', and decimal-adjusted `amount`

### Component B: Node rewards processing  
- **Purpose**: Extract and standardize daily node operation rewards distributed to network validators
- **Logic**: Raw node reward data follows identical processing to governance rewards, pulling from the node rewards scraper table. The same decimal conversion (divide by 10^8) and deduplication logic (latest insertion per day) is applied to ensure consistency
- **Key fields**: Daily timestamp, chain identifier set to 'internetcomputer', contract name and incentive type set to 'Node rewards', token symbol 'ICP', CoinGecko ID 'internet-computer', and decimal-adjusted `amount`

### Component C: Reward stream combination
- **Purpose**: Merge governance and node rewards into unified token incentives dataset
- **Logic**: Both reward streams are combined using union operation, maintaining separate identification through the `contract_name` field while standardizing business metadata. Each record is categorized with 'Blockchain' business line, 'blockchains_l1' market sector, 'blockchain' business segment, and version 'v1'
- **Key fields**: All fields from both components plus standardized business categorization metadata

### Final aggregation
- **Combining components**: The unified dataset contains both reward types as separate records, maintaining granular tracking of governance versus node reward distribution
- **Currency conversion**: USD conversion is applied using the `convert_to_usd_cg` macro with CoinGecko price feeds for ICP token, matching records by date and CoinGecko ID 'internet-computer'
- **Time aggregation**: Data is aggregated at daily boundaries with timestamp grain set to 'day', using the original daily timestamps from the scraper data
- **Final calculation**: The `finalize_metric_token_incentives` macro applies schema validation, ensures proper data ID classification for 'internetcomputer', and implements forward-fill strategy with 'fill_zeros' to populate missing days with zero values. Chain availability filters are applied as final data quality check

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

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Token incentives

Token incentives

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