KEY TAKEAWAYS
- Bybit will list the Impossible Cloud Network Token (ICNT) on its Spot trading platform, introducing the ICNT/USDT trading pair.
- The Impossible Cloud Network aims to disrupt traditional cloud services with decentralized solutions, boasting significant growth and investment backing.
- ICNT trading will be available via Spot Grid Bots, with traders advised to understand the associated risks of cryptocurrency trading.
Bybit has announced the upcoming listing of the Impossible Cloud Network Token (ICNT) on its Spot trading platform. The listing will introduce a new trading pair, ICNT/USDT, in the Main Trading Zone.
The timeline for the listing begins with ICNT deposits opening on July 2, 2025, at 10:00 AM UTC. The token will be officially listed for trading on July 3, 2025, at 10:00 AM UTC. Withdrawals for ICNT will be available starting July 4, 2025, at 10:00 AM UTC. Deposits and withdrawals can be made via the BASE and ETH networks.
Understanding the Impossible Cloud Network Token
The Impossible Cloud Network Token (ICNT) is the native token of the Impossible Cloud Network (ICN), a decentralized cloud ecosystem. ICN aims to replace traditional platforms like AWS by offering decentralized enterprise-grade storage, compute, and bandwidth services.
Recently, ICN received investment from NGP Capital, a backer of Helium, which places the network at a fully-diluted valuation of $470 million. The ecosystem is currently operational, generating over $7 million in annual recurring revenue (ARR) from services provided to more than 1,000 enterprise clients. This reflects a significant 2,000% year-over-year growth.
ICN powers over 80 petabytes (PB) of active decentralized storage across Europe and the United States, with more than 250 PB in the global pipeline. The network boasts a community of over 250,000 members and operates 29,000 nodes across 140 countries. It is supported by prominent investors, including 1kx, No Limit Holdings, Protocol Labs, NGP Capital, and HV Capital.
Trading and Risk Considerations
Once listed, ICNT will also be available for trades via Spot Grid Bots. Traders are advised to be aware of the risks associated with cryptocurrency trading, which can involve significant financial loss. It is important to fully understand these risks and consider one’s level of experience and investment objectives. Seeking independent financial advice is recommended if necessary.
For more information on the listing, visit the official announcement here.
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