Impossible Cloud Network Launches Testnet to Compete with AWS

[PRESS RELEASE – Zug, Switzerland, October 24th, 2024]

• By leveraging the extensive web2 experience of Impossible Cloud with over 1,000 enterprise clients, the Impossible Cloud Network (ICN) positions itself as the foremost DePIN project worldwide, with its testnet paving the way for the onboarding of network validators ahead of the upcoming node sale.
• ICN intends to meet substantial demand with its open, multi-service cloud platform.

Today, Impossible Cloud Network (ICN), the pioneering web3 cloud platform catering to a broad spectrum of business clients, has launched its incentivized testnet. Blockchain developers, enthusiasts, and community members are encouraged to get involved and help shape the future of decentralized cloud networks. This testnet acts as the gateway to the mainnet, set for release next year, providing a hands-on platform where users can experiment with new features, aid in the platform’s development, and receive recognition for their contributions.

The decentralized cloud platform offers a significant opportunity. With Impossible Cloud GmbH as its first service provider, serving more than 1,000 enterprise clients, ICN is strategically positioned to utilize its web2 expertise to deliver scalable, multi-service solutions that enhance decentralization, offer greater flexibility than conventional systems, and provide an effortless fiat on-ramp into web3. By integrating web3 capabilities, ICN removes vendor lock-in and fosters a community-oriented approach to cloud infrastructure management.

“Our testnet is crafted to onboard a robust community that will assist us in establishing the next leading cloud provider, focusing on promoting enterprise adoption of web3,” stated Kai Wawrzinek, co-founder of ICN. “By collaborating with actual clients on tangible projects and generating genuine revenue, we’re laying the groundwork for something larger – not in the future, but right now. The mainnet is our ultimate ambition, and the testnet represents a crucial step toward realizing our vision of being a decentralized alternative to AWS.”

ICN’s testnet is designed with two primary goals: first, to test and enhance the platform for stability and functionality, including continuous SLA validation; and second, to engage the community more deeply, ensuring that the platform is fine-tuned to cater to real-world demands. The testnet mimics real-world scenarios and serves as a catalyst for onboarding additional validators, facilitating a seamless transition to the mainnet. Participants can explore a risk-free environment to contribute to performance and scalability enhancements while gaining acknowledgment.

ICN will employ a FairDrop mechanism, allocating points based on authentic contributions such as bug reports, feature testing, and community involvement. The leading 20,000 contributors will qualify for rewards from a pool of 10.5 million ICNT tokens, representing 1.5% of the initial total supply. As the testnet evolves, new challenges and tasks will be introduced, providing ongoing opportunities for participation, recognition, and influence over ICN’s development.

Supported by investors like 1kx, HV Capital, and Protocol Labs, Impossible Cloud has amassed $18 million in funding to date, with its latest financing round concluding in March of last year. The company’s roadmap includes a node sale to further decentralize the network, followed by the introduction of ICN’s native token to enable decentralized governance.

For further information, visit ICN’s website: https://www.icn.global/

About Impossible Cloud Network

Impossible Cloud Network (ICN) is the first web3 cloud platform to achieve broad adoption among business customers. Through the use of web3 technologies, ICN offers up to 10% faster performance compared to other decentralized alternatives, providing an enterprise-grade option to traditional cloud services. Founded by a team that previously scaled Goodgame Studios into a billion-dollar company, ICN facilitates services such as cloud storage and GPU computing by connecting hardware providers, service users, and monitoring nodes. By utilizing service-level agreement (SLA) oracles, ICN guarantees high performance and reliability. Impossible Cloud has raised $18 million from 1kx, Protocol Labs, HV Capital, TS Ventures, and Very Early Ventures.