ICNT, the native token of the decentralized infrastructure protocol impossible cloud network, is set on several important centralized exchanges, including Binance, Kraken and Kucain, after the launch of TGE and MAINNET.
According to an official X announcementBinance will be the first exchange platform that will list the token later today. Trade on Binance Alpha and Futures starts at 10:00 UTC and 13:00 UTC. The exact time of his spot list on the main exchange still has to be announced.
Eligible Binance users will be able to exchange alpha points for an unknown allocation of ICNT -Tokens via the Alpha Events -page between July 3 and July 4 as soon as trade goes live. Details related to the AirDrop mechanism and distribution are released as soon as the trade starts.
Other centralized exhibitions of the upper tier, including Bybit, Bitget, Gate, Bitvavo, Mexc and Bitpanda, will also start acting for ICNT later today.
According to a press release shared with crypto.news, the project is launching its mainnet at 10 am UTC, which would formally start his tokenteration event.
During the launch, the total range of ICNT is set at 700 million tokens with an initial circulating stock of 167.22 million tokens.
According to his tokenomics, approximately 20% of the total supply has been assigned to rewards and network stimuli, decentated under decentralized node operators and storage providers for a 48 -month schedule, starting with a partial unlocking at the launch.
Additional assignments include 22.1% for the core team, subject to a cliff of 12 months, followed by a linear location schedule of 24 months and 21.5% for investors, also locked with long -term power.
About 10% is reserved for the ecosystem development fund, in support of subsidies and protocol growth, while 11% are assigned to the partner fund, including 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 completely unlocked in the launch to support infrastructure scaling and business adoption.
What is the impossible cloud network?
Impossible Cloud Network is a decentralized infrastructure protocol that provides storage and calculation services and the data agreement ensures that data is sovereignty to match traditional technical giants such as Amazon Web Services and Google.
Designed to serve as a Depin layer, divided ICN aggregate sources to provide scalable, cost-effective and resilient cloud solutions for business cludes for business clients in various sectors, including AI, Enterprise IT and Web3.
The ICN ecosystem is powered by ICNT, the Native Utility tucks, which plays a key role in protecting the network by using node operators stimulating, making access to decentralized services and participation in protocol management.
The project recently closed a strategic financing round of $ 34 million, resulting in its appreciation after the money more than $ 470 million, shared with crypto.news. The round was led by NGP Capital, with the participation of Protocol Labs, 1KX, HV Capital and No Limit Holdings.
The capital is reserved for scaling the infrastructure of ICN and accelerating its route map, which includes more than 200 planned cloud services that include calculations, AI inference and edge networks.
“In less than two years we have proven that decentralized cloud can perform better than Big Tech,” said Dr. Kai Wawrzinek, co-founder and CEO of ICN. “With $ 34 million picked up and the biggest exchanges behind us, we are ready to bring sovereign, cost -efficient solutions for every company and developer to the planet.”
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