CANI Adoption = ICP Burn Revolution
Today we had a conversation with chatGPT and GROK. Do you agree?
"CANI isn’t just about empowering creators, it’s about revolutionising the Internet Computer ecosystem. With every CaniSafe created, 1 ICP is burned. Let’s break down the potential:
What If CANI Reached Spotify’s Scale?
Here’s what we know:
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Spotify has 640 million monthly active users (Q3 2024).
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Over 10 million artists have music on Spotify.
But here’s the game-changer: CANI serves more than just music creators. With services like CaniSafe, CaniStore, and CaniPlay, we cater to a diverse user base of musicians, producers, sound designers, authors, and more. This means CANI’s adoption potential is far greater.
Potential Impact on ICP
1% Adoption: 100k creators = 100k ICP burned.
The spark that starts the revolution.
5% Adoption: 500k creators = 500k ICP burned.
A noticeable squeeze on ICP supply.
10% Adoption: 1M creators = 1M ICP burned.
A transformative impact on supply and value.
Why CANI Stands Out
Broader Reach: Unlike Spotify, CANI supports creators across multiple industries, from music to literature and beyond.
Sustained Growth: With each new CaniSafe, the ICP burn effect scales.
Deflationary Impact: Burning ICP reduces supply, creating scarcity and potential value growth.
The Takeaway
CANI’s potential to burn ICP isn’t limited to just 10 million artists. With its multi-service platform, CANI could attract a far larger user base, magnifying the impact on ICP. Even at just 1% adoption, the ripple effects are huge."
I thought I’d share this post from X to highlight how CANI adoption will benefit ICP.
Image by Grok: