ICN Launches $18M Decentralized Cloud Token, Poised to Challenge AWS
October 2, 2024ICNT serves as the core currency of the decentralized cloud economy, enabling users to secure resources, earn rewards, and participate in governance.
The ICNT token will facilitate secure transactions, reward participants, and provide governance capabilities within the ICN ecosystem.
Early adopters can look forward to incentives such as airdrops and token rewards, with more details available on ICN's Discord and website.
ICN's decentralized protocol connects hardware providers with cloud service users, ensuring efficient and secure interactions via SLA oracles.
The Impossible Cloud Network (ICN) has officially launched the Impossible Cloud Network Token (ICNT), aimed at transforming global cloud infrastructure.
Having raised $18 million, ICN is positioning itself as a leading cloud provider, poised to compete with centralized giants like AWS.
The company has demonstrated strong demand for its decentralized services, achieving over 2 billion client operations through more than 800 active business accounts.
This launch comes on the heels of a significant increase in client engagement, with over 1 billion file uploads and downloads recorded in the third quarter of 2024.
ICN is actively engaging with a growing community of over 25,000 followers and is preparing for key milestones, including testnets and token fairdrops.
Recently, ICN partnered with Aethir to enhance its decentralized GPU compute services, marking a significant collaboration in the infrastructure landscape.
Mark Rydon, Co-Founder and CSO at Aethir, described this partnership as a pivotal moment for decentralized infrastructure and innovation.
Dr. Kai Wawrzinek, CEO and Co-Founder of ICN, emphasized that the ICNT is designed to foster a community-driven ecosystem for cloud infrastructure.
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Investing.com • Sep 30, 2024
Impossible Cloud Network Launches ICNT: The Token Set to Disrupt the Future of the Cloud