The ICNT

Introduction to ICNT

The Impossible Cloud Network Token (ICNT) is the native digital asset of the Impossible Cloud Network (ICN). Serving as the fundamental unit of value, ICNT is crucial for enabling various interactions across the ecosystem, including accessing services, rewarding contributors, and participating in network governance.

ICNT holders can use the token to:

• Access decentralised cloud resources provided by Hardware Providers (HPs).

• Participate in governance decisions, shaping the network's future.

• Earn rewards by contributing collateral to the network.

Figure 1: Token Flow Through the ICN System This flowchart illustrates how ICNT moves through the Impossible Cloud Network (ICN). Service Providers (SPs) provide ICNT to access network resources, while Hardware Providers (HPs) and SLA Oracles earn ICNT as rewards for their contributions. The Reward Reserve serves as the primary source for distributing these rewards.

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For more in-depth information, explore the following subpages:

1. Circulating Supply: Learn about the ICNT supply that is actively available for transactions and its role in network economics.

2. Total Supply: Understand the overall supply limits of ICNT and how this impacts scarcity and token valuation.

3. Token Minting: Find out how new ICNT is minted, the mechanisms behind its controlled release, and how it impacts network incentives.

4. Burn Mechanisms: Details about potential future mechanisms for reducing circulating supply through token burns.

For more details, visit each subpage to gain insights into the token's role in maintaining and growing the ICN ecosystem.