Report by Coin World:
[October 24, 2024, Zug, Switzerland]
Impossible Cloud Network (ICN), leveraging its expertise in web2, has positioned itself as the leading global DePIN project through collaboration with over 1,000 enterprise clients. Its testnet has provided a convenient onboarding for network validators prior to the sale of nodes.
ICN aims to meet large-scale demands through its open multi-service cloud platform.
Today, Impossible Cloud Network (ICN), the first web3-based cloud platform to be widely adopted by commercial clients, announced the launch of its incentive testnet. Blockchain developers, enthusiasts, and community members are invited to participate and contribute to the future of decentralized cloud networks. The testnet serves as a gateway to the mainnet release next year, providing users with an environment to explore new features, contribute to platform development, and earn recognition through participation.
Decentralized cloud platforms represent enormous opportunities. Impossible Cloud GmbH, the first service provider serving over 1,000 enterprise clients, is fully capable of leveraging its web2 expertise to provide scalable multi-service solutions, enhancing decentralization, offering greater flexibility than traditional systems, and seamlessly integrating with web3. By integrating web3 functionalities, ICN eliminates vendor lock-in and fosters a community-driven approach to cloud infrastructure management.
“Our testnet aims to build a strong community to help us become the next cloud leader with a focus on driving enterprise adoption of web3,” said Kai Wawrzinek, co-founder of ICN.
“By working with real clients on real projects and generating real revenue, we are laying the foundation for something bigger – not tomorrow, but today. The mainnet is our ultimate goal, and the testnet is a step towards realizing our vision of becoming a decentralized alternative to AWS.”
The ICN testnet aims to achieve two main objectives: first, to test and improve the stability and functionality of the platform, such as continuous SLA verification; second, to deepen community involvement and ensure platform optimization to meet real-world needs. The testnet simulates real-world conditions and acts as a catalyst, onboarding more validators to ensure a seamless transition to the mainnet. It provides participants with a risk-free environment to enhance performance and scalability while gaining recognition.
ICN will utilize the FairDrop mechanism to allocate points based on real contributions such as bug reports, feature testing, and community engagement. The top 20,000 contributors will be eligible for rewards from a pool of 10.5 million ICNT tokens, accounting for 1.5% of the initial total supply. As the test network evolves, new challenges and tasks will be introduced, providing ongoing opportunities for participation, recognition, and influence over ICN’s development.
With the support of investors such as 1kx, HV Capital, and Protocol Labs, Impossible Cloud has raised $18 million to date, with the latest funding round completed in March last year. The company’s roadmap includes node sales to further decentralize the network, followed by the introduction of a native token for ICN to achieve decentralized governance.
For more detailed information, please visit the ICN website:
https://www.icn.global/
About Impossible Cloud Network:
Impossible Cloud Network (ICN) is the first web3-based cloud platform to be widely adopted by commercial clients. Leveraging web3 technology, ICN outperforms other decentralized solutions by 10%, providing an enterprise-level alternative to traditional cloud providers. Founded by a team that previously scaled Goodgame Studios into a billion-dollar enterprise, ICN offers services such as cloud storage and GPU computing by connecting hardware providers, serving users, and monitoring nodes. Through the use of Service Level Agreement (SLA) oracles, ICN ensures high performance and reliability. Impossible Cloud has raised $18 million from 1kx, Protocol Labs, HV Capital, TS Ventures, and Very Early Ventures.
