Coin World News Report:
[October 24, 2024, Zug, Switzerland]
Impossible Cloud Network (ICN), leveraging its expertise in web2, has positioned itself as the global leader in the DePIN project, collaborating with over 1,000 enterprise clients. Its testnet has provided convenience for network validators’ onboarding prior to node sales.
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 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 starting point for exploring new functionalities, contributing to platform development, and gaining recognition, providing a practical environment prior to the mainnet release next year.
Decentralized cloud platforms represent immense opportunities. Impossible Cloud GmbH is the first service provider catering to over 1,000 enterprise clients, 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 promotes a community-driven approach to cloud infrastructure management.
“Our testnet aims to build a strong community that helps us shape the next cloud leader, with a focus on driving enterprise adoption of web3,” said Kai Wawrzinek, co-founder of ICN.
“By collaborating 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.”
ICN’s testnet aims to achieve two primary objectives: firstly, to test and improve the stability and functionality of the platform, such as continuous SLA verification; secondly, to deepen community engagement and ensure platform optimization meets real-world needs. The testnet simulates real-world conditions and acts as a catalyst for onboarding more validators, ensuring 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 participation. 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 support from investors such as 1kx, HV Capital, and Protocol Labs, Impossible Cloud has raised a total of $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 decentralized governance within ICN.
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 widely adopted by commercial clients. Leveraging web3 technology, ICN performs 10% faster than other decentralized solutions, providing an enterprise-level alternative to traditional cloud providers. Founded by a team that previously grew 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.
