What is IP3?
The IP3 token is the native utility token of the CRIPCO platform. CRIPCO is an NFT marketplace focused on intellectual property (IP) that operates as an industry-led decentralized autonomous organization (DAO) platform.The platform aims to bring together industry stakeholders, brands, artists, influencers, and various platforms to collectively participate in the governance and development of the CRIPCO ecosystem. The IP3 token plays several key roles within the CRIPCO ecosystem:
- Transaction Currency: IP3 serves as the settlement currency for all sales, purchases, and general transactions on the CRIPCO platform.
- Staking and Governance: Holders can stake IP3 tokens to participate in voting on DAO governance decisions—such as submitting treasury governance proposals—and may gain access to exclusive events and discounts.
- Early Access: IP3 holders have the opportunity to gain early access to new NFT series listings, allowing them to purchase their desired digital collectibles before the NFTs are officially released to the market.
- Ecosystem Benefits: Token holders can also enjoy exclusive benefits and perks within the Multiverse.
The CRIPCO platform was initially built on the Solana blockchain but has since migrated to the Ethereum blockchain to leverage its robustness and extensive ecosystem.
Where can IP3 be traded?
According to currently available public information, trading activity for IP3 tokens on major cryptocurrency exchanges is very low, with some even showing zero trading volume. This suggests that liquidity may be insufficient, and it may be difficult to buy or sell them directly on centralized exchanges.
- Centralized Exchanges: Although the IP3 token was listed on the FTX exchange via an IEO (Initial Exchange Offering) in 2022 and saw significant price gains at the time, trading of the IP3 token has been severely impacted following the closure of FTX. As of this writing, platforms such as CoinMarketCap and Binance show IP3’s real-time price and 24-hour trading volume as $0. KuCoin has also explicitly stated that IP3 has not yet been officially listed for trading on its platform.
- Decentralized Exchanges (DEX): Some information suggests that the IP3 token may be tradable via decentralized exchanges (DEX), where users can connect their Web3 wallets to the DEX to swap tokens. However, due to the lack of specific DEX trading pairs and liquidity data, we cannot provide specific recommendations for trading platforms.Before attempting to trade via a DEX, be sure to conduct your own research and verify the liquidity and security of the relevant trading pairs. You can check the latest prices and project information on market data platforms such as Svmuu.
Risk Warning: Given IP3’s current market performance and low trading volume, investors should fully understand the project’s risks and have a clear understanding of market liquidity before considering a trade. A lack of active trading volume may result in wide bid-ask spreads and difficulties in executing trades quickly.
