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Impossible Cloud’s ICNT Hits $262 Million FDV in Multi-Exchange Debut
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14 posts • OpenAI (o3)
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Impossible Cloud Network’s ICNT token began trading on 3 July after its token-generation event, securing simultaneous listings on Binance’s Alpha section, Bybit, KuCoin and Kraken. The rapid rollout across four of the world’s largest crypto exchanges gives the decentralised cloud-storage provider immediate global liquidity.
ICNT opened around $0.37, implying a fully diluted valuation of roughly $262 million, according to data circulated by ICODrops. Bybit is offering a 3 million-ICNT reward pool to encourage early deposits and trading activity.
Founded in Hamburg, Impossible Cloud Network says it has attracted more than 1,000 enterprise customers and generated over $7 million in annual recurring revenue. The company has sold about 29,000 ‘HyperNodes’, raising $35 million directly from users, and counts Nokia’s venture arm among its investors at a stated $470 million valuation.
The token launch follows previous financings that include a $30 million seed round led by 1kx network and a $13 million sale on the Impossible Finance launchpad last year, underscoring continued investor interest in decentralised infrastructure even as broader crypto markets remain volatile.
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