Binance Alpha will launch and open trading for Impossible Cloud Network (ICNT) on July 3, 2025 at 18:00 (Beijing Time), and will also launch spot trading on Gate and Bybit. Binance will launch the ICNT USDT perpetual contract at 21:00 in the evening. The community says that ICN is the AWS of Web3 (Amazon Web Services platform), and it is an infrastructure project that challenges the Web2 cloud monopoly. The nodes have sold well, and there have been no negative news so far.

Below we will conduct a deep analysis of $ICNT, and the price forecast and operation suggestions will be summarized at the end of the article. (The previous content is quite long, it is recommended to directly look at the summary at the end.)

One, Project and Token Introduction

Summary:

Impossible Cloud Network (ICN) is a decentralized cloud infrastructure that provides a platform for managing hardware and cloud resources.

In short, ICN aims to solve the problem of how to connect people, resources, and data in a decentralized way, and to reshape the collaborative relationship of the network in a more fair and open way. It can be understood as the AWS of Web3, mainly targeting enterprise users.

Token functions:

- Access network services (such as storage, computing resources)

- Reward network contributors (including hardware providers and validators)

- As collateral to ensure network security

- Participate in decentralized governance in the future (voting and proposals)

It can be simply understood that the role of ICNT is similar to a pass and fuel within the ecosystem, which drives the system operation and helps participants obtain returns and participate in governance.

Two, Project Composition and Operational Logic

Summary: A comprehensive and highly modular Depin project, with some innovative achievements, mainly building a decentralized digital factory. The project's goal is not to build a centralized cloud service alone, but to promote an internet that is jointly participated by global users and free to flow. This is like building blocks, where it is not only the central servers that are stacked, but people around the world can take a brick or a beam and contribute to the network.

Three, Team Situation

European and American team, no Chinese faces

The team is mainly transitioning from web2 to web3. Impossible Cloud established a web2 company in 2021, with rich entrepreneurial experience.

Four, Funding Situation

The project was led by NGP Capital, the funding amount was not disclosed, only the valuation of 470 million USD was mentioned. NGP Capital is a strategic fund set up by Nokia in Silicon Valley. It not only invested in Xiaomi early on, but also invested in Web3 projects such as Helium. Basically, it opened at the highest point.

Previously, ICN has raised about 12.73 million USD through node sales and other methods.

If including the recent token sale without lock-up, the total funding is expected to be around 40 million USD, and the valuation of this token sale is 470 million USD.

It should be noted that NGP's funding amount was not disclosed, but the valuation was separately disclosed. However, according to an external website, it only raised 3 million USD, and this data cannot be traced back to its source, so be aware of the risk.

This data source: crypto-fundraising.info/projects/impossible-cloud-network/

Five, Token Allocation and Unlocking

The token name of ICN is $ICNT. The total supply is 1 billion tokens. Among them, the initial issuance is 700 million tokens, used to support the construction of network infrastructure, community incentives, and ecosystem development. The remaining 300 million tokens will be gradually released over the next 5 years. The circulating supply at TGE is 167 million.

Currently, the seed round, expansion round, and node sales have certain lock-up periods. It is expected that the main circulation of tokens after the release will come from token sales unlocking, task airdrops, and exchange airdrop shares. It is expected that there will be a large selling pressure at the opening, with many node sales and airdrop shares.

Note that the following assets can apply for airdrop with the official.

Six, Operational Achievements

ICN has achieved some quantifiable progress in the past year. The project has realized an annual recurring revenue (ARR) of more than 5 million USD, and has accumulated more than 1,000 enterprise customers in the European and American markets. In terms of infrastructure scale, ICN has launched more than 50 PB of storage capacity, and there are about 250 PB of reserve pipelines waiting to be expanded. In addition, the total amount of node sales has exceeded 13 million USD. In terms of financing, ICN has received over 31 million USD in investments, supported by multiple top-tier venture capital institutions. In terms of community, the ICN community has exceeded 250,000 members, and the testnet users have reached 220,000.

Summary: It seems to be mainly the achievements of the web2 stage, because the company is transitioning from web2 to web3, and the feasibility in web3 still needs to be observed.

Seven, Summary and Price Estimation

Summary: $ICNT is a comprehensive and highly modular Depin project with some innovative achievements. It is mainly transitioning from web2 to web3, the team is relatively mature, but there may be a large sell-off at TGE, with many airdrop shares, and the price from node sales to public sale has tripled, leading to significant gains. Also, recent projects that sold nodes are mostly about cutting corners, referring to EPT, so the valuation at the opening is very important.

Recommendation: It is estimated that the total funding is around 40 million USD, the actual funding is not disclosed, the average valuation is 200 million USD / 20% share = 1 billion USD, the public sale valuation is 470 million USD, and the total supply is calculated at 1 billion, the estimated token price is around 0.2-0.47 as a reasonable range, beware of the opening being the highest point. (The 700 million volume is a trick, the valuation given by AB is also wrong, leading to previous miscalculations, it should be estimated based on 1 billion.)

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Risk Warning: The above content is based on network information analysis and organization, and is only for project research and discussion, do not use it as investment basis.

Author: Sakura, ChainThink

Editor: Evan, ChainThink