Mission 70 and Accelerating the Internet Computer Economy

Today, Dominic Williams and DFINITY dropped the Mission 70 whitepaper, laying out a big shift in ICP’s tokenomics. A lot of people are asking whether deflation and increased usage would actually move the price. In simple terms, deflation plus real demand should create upward pressure, that’s just supply and demand. Mission 70 aims to cut ICP issuance while increasing burn through onchain usage via cycles. What matters is paid usage that actually consumes cycles, not demos, testnets, or grant funded experiments. This doesn’t flip a switch overnight, there’s always a lag and plenty of volatility. Lower inflation also changes expectations, and markets often price that in early. Reduced issuance won’t eliminate sell pressure from early holders, stakers, or node operators. But it does remove constant dilution that’s been holding price discovery back. If burn eventually outpaces issuance, higher prices become the logical outcome rather than hype.

Here is the paper for anyone interested: https://internetcomputer.org/whitepapers/mission70.pdf