The ICNT token, native to the Impossible Cloud Network protocol, is set to be listed on several major centralized exchanges, including Binance, Kraken, and KuCoin.
Token Launch on Exchanges
According to an official announcement on X, Binance will be the first platform to list the token. Trading on Binance Alpha and Futures will begin at 10:00 and 13:00 UTC, respectively. The precise time for spot trading on the main exchange has yet to be announced.
Eligible Binance users will be able to redeem Alpha points for ICNT tokens from July 3 to July 4, with details on the distribution mechanism to be released once trading begins.
About Impossible Cloud Network
Impossible Cloud Network is a decentralized infrastructure protocol that delivers enterprise-grade storage and compute services, rivaling traditional tech giants like Amazon Web Services and Google. The protocol is designed to aggregate distributed resources to create scalable and resilient cloud solutions for clients across various sectors, including AI and Web3.
ICNT Tokenomics
The total supply of ICNT will be 700 million tokens, with an initial circulating supply of 167.22 million tokens. Approximately 20% will be allocated to rewards and network incentives over a 48-month schedule. The core team will receive 22.1%, while 21.5% is allocated to investors. Additional allocations include 10% for ecosystem development and 11% for the partner fund concerning community initiatives and airdrops.
With the launch of ICNT, it is important to note its significance for the development of decentralized cloud markets. The project aims to create effective and independent solutions for businesses.
