Table of contents

• 1. What is ICN?
• 2. The latest news of ICNT
• 3. Comparison and economic model of ICN and other DePIN projects
• 4. The next stage of the DePIN track
• Conclusion

At the end of May, ICN (Impossible Cloud Network) @ICN_Protocol announced that it had received strategic investment from NGP Capital, with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although Lei Jun did not take the lead directly, the one who took the lead was NGP Capital, the hard-core fund that once bet on Xiaomi, Helium, and WorkFusion. This means that ICN is not a storytelling project, but a real infrastructure player who is favored by traditional hard-core capital.

1. What is ICN?

ICN is positioned as a full-stack decentralized cloud, committed to building the infrastructure layer of the decentralized Internet, a permissionless and composable cloud platform integrating storage, computing and network. It not only provides Web2-level performance and experience, but also has the censorship-resistant and community-driven characteristics of Web3, challenging the monopoly of centralized giants such as AWS and Google Cloud.

This is not an abstract vision, but a project that has been truly implemented in the European market:

• Revenue Strength: In 2024, ICN has achieved annual revenue of US$5 million, serving 1,000 corporate customers, with a growth rate of more than 2,000%. The reserve order exceeds 250PB, the real-time operation and storage are 50PB, and 20-50 million files are processed every day, showing real market verification.
• Europe's leading position: As the fastest growing cloud service provider in Europe, ICN was founded by serial entrepreneurs. Founder Kai Wawrzinek has experience in listing at Goodgame Studios, and the team received US$31 million in financing (1kx, Protocol Labs, etc.).
• Community and Node: With 250,000 community members and 220,000 test network users, its HyperNode SLA Oracle model is incentive to participate through incentives for high and low rewards (released at 18.4% in the first month), and node sales revenue exceeds US$12 million.
• Future plans: Mainnet and $ICNT tokens are expected to be launched in Q2 2025. It has been confirmed that many centralized exchanges support, and the brand is active in global activities such as PBW and Token2049.

Unique highlights: ICN is known as "AWS of Web3", not only because of its full-stack architecture, but also because it achieved commercialization results before issuing coins. Compared with the closed systems of the Web2 giant, ICN provides censorship-resistant, low-threshold alternatives; compared with other DePIN projects, ICN's multi-service integration and B2B verification are more competitive.

2. The latest news of ICNT

Binance Alpha and Binance Contracts to Go Online Impossible Cloud Network (ICNT)

Binance Alpha will launch and open Impossible Cloud Network (ICNT) transactions on July 3, 2025 at 18:00 (East Eighth Time) . In addition, the Binance Contract Platform will launch the ICNTUSDT perpetual contract at 21:00 on July 3, 2025 (East Eighth District Time) , with a maximum leverage of up to 50 times.

Binance is the first platform to announce the opening of Impossible Cloud Network (ICNT) contract trading and display ICNT tokens in Binance Alpha.

As a online benefit, all eligible Binance users will receive Binance exclusive token airdrops. Eligible users need to use Binance Alpha points to receive airdrops through the Binance Alpha activity page from 18:00 on July 3, 2025 (East Eight Time) to 18:00 on July 4, 2025 (East Eight Time) .

More information about the above perpetual contract is shown in the following table:

3. Comparison and economic model of ICN and other DePIN projects

Compared with "point-like projects" that only focus on a certain resource (such as Filecoin is only storage, and Akash/IO.net is focusing on computing power), ICN has chosen a more difficult but higher value route - to create a "decentralized AWS" that can be combined with unified architecture and modules :

In addition, the HyperNode SLA Oracle dual-layer structure proposed by ICN has also refreshed the node model, encouraging the community to participate in platform construction through "contributing resources to obtain profits" and opening up channels for future B2C expansion.

Economic model:

The total supply of $ICNT is 700 million (700,000,000) , and is expected to be released gradually within 60 months (5 years). Node rewards, ecological development, and team allocation all adopt decreasing or linear release methods to avoid excessive selling pressure in the short term. The team and investors are not unlocked in the first 12 months, reflecting long-term commitment.

4. The next stage of the DePIN track

The DePIN track is moving from a single function (such as storage, computing power) to a full-stack infrastructure. ICN has seized this trend, especially when AI and data services put higher demands on computing power and architecture. Decentralized cloud has become the "water, electricity and coal" of Web3 because of its excellent cost, strong elasticity and high controllability, and is an indispensable infrastructure.

The potential of ICN :

• Full-stack Vision: The integrated design of storage computing power network makes ICN a "one-stop" solution for developers and enterprises, and may support decentralized AI, social and other scenarios in the future.
• Community-driven: ICN drives B2C growth through node dividends and $ICNT tokens, similar to the bottom-up model of the Bitcoin miner community.
• Challenge the Web2 giants: The ultimate goal of ICN is to compete with AWS and Alibaba Cloud, provide enterprise-level services in a decentralized way, and avoid censorship and lock-in risks.

Conclusion

The cloud of Web3 should not be defined by the Web2 giant. What ICN is driving is a less noisy "infrastructure revolution". It is not about improving a certain functional module, but about rebuilding the entire technical underlying layer. It makes people think again: Should a decentralized world also have its own AWS? We have all witnessed Xiaomi's investment story. Today, its investors are continuing to write new chapters in Web3.

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