ICNT, the native token of the decentralized infrastructure protocol Impossible Cloud Network, is set to be listed on multiple major centralized exchanges, including Binance, Kraken, and KuCoin, following its TGE and mainnet launch.
According to an official X announcement, Binance will be the first exchange platform to list the token later today. Trading on Binance Alpha and Futures will begin at 10:00 UTC and 13:00 UTC. The exact time of its spot listing on the main exchange is yet to be announced.
Eligible Binance users will be able to redeem Alpha points for an undisclosed allocation of ICNT tokens via the Alpha Events page between July 3 and July 4 once trading goes live. Details regarding the airdrop mechanism and distribution will be released once trading begins.
Other top-tier centralized exchanges, including Bybit, Bitget, Gate, Bitvavo, MEXC, and Bitpanda, will also begin trading for ICNT later today.
According to a press release shared with crypto.news the project will launch its mainnet at 10 AM UTC, which would formally begin its token generation event.
At launch, the total supply of ICNT will be set at 700 million tokens with an initial circulating supply of 167.22 million tokens.
According to its tokenomics, roughly 20% of the total supply has been allocated to rewards and network incentives, distributed to decentralized node operators and storage providers over a 48-month schedule, beginning with a partial unlock at launch.
Additional allocations include 22.1% for the core team, subject to a 12-month cliff followed by a 24-month linear vesting schedule, and 21.5% for investors, also locked with long-term vesting.
About 10% is reserved for the ecosystem development fund, supporting grants and protocol growth, while 11% is assigned to the partner fund, which includes community initiatives and airdrops.
The remaining allocations include 5.4% for the development company and 10% for strategic network expansion, the latter of which will be fully unlocked at launch to support infrastructure scaling and enterprise adoption.
What is Impossible Cloud Network?
Impossible Cloud Network is a decentralized infrastructure protocol that delivers enterprise-grade storage and compute services while ensuring data sovereignty to rival traditional tech giants like Amazon Web Services and Google.
Designed to serve as a DePIN layer, ICN aggregates distributed resources to power scalable, cost-effective, and resilient cloud solutions for enterprise clients across sectors, including AI, enterprise IT, and Web3.
The ICN ecosystem is powered by ICNT, its native utility token, which plays a key role in securing the network through staking, incentivizing node operators, enabling access to decentralized services, and participating in protocol governance.
The project recently closed a $34 million strategic funding round, bringing its post-money valuation to over $470 million, per details shared with crypto.news. The round was led by NGP Capital, with participation from Protocol Labs, 1kx, HV Capital, and No Limit Holdings.
The capital is earmarked for scaling ICN’s infrastructure and accelerating its roadmap, which includes over 200 planned cloud services spanning compute, AI inference, and edge networking.
“In less than two years, we’ve proven that decentralized cloud can outperform big tech,” said Dr. Kai Wawrzinek, Co-Founder & CEO of ICN. “With $34 million raised and the biggest exchanges behind us, we’re set to bring sovereign, cost-efficient solutions to every enterprise and developer on the planet.”
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
