📝 Hello everyone, I am 𝟏𝟎, welcome back to the #Blockchain Development History project research series. Today, we will focus on a heavyweight DePIN project that has already achieved revenue in the Web2 market and will issue tokens upon mainnet launch — (ICN Protocol / ICN).
This is not a conceptual blueprint, nor a story stock waiting for an airdrop, but a decentralized cloud service platform with annual revenue exceeding $5 million, over a thousand enterprise customers, and node sales exceeding $12 million.
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1. What is ICN? The AWS alternative for Web3 has arrived.
@ICN_Protocol is building an integrated protocol that combines storage + computing + networking, aiming to break the monopoly of centralized cloud platforms like AWS and GCP, allowing Web3 to have its own cloud.
In simple terms, it is not a substitute for a module of Filecoin, nor is it a computing platform for AI, but rather it packages a complete set of 'on-chain AWS', running through everything from product design to business closure.
Not just serving Web3 developers but also directly addressing the real needs of Web2 enterprises through a full-stack DePIN network.
2. The three major revolutionary innovation highlights of ICN.
▌ Fully integrated: not just doing storage, computing, or GPU, but a unified protocol stack that allows developers to connect once and access all infrastructure, eliminating the fear of 'fragmented' toolchains.
▌ Business first, then tokens: As of the TGE, ICN has already achieved:
1,000+ enterprise customers.
Over $5,000,000 in annual revenue.
Over $12,000,000 in node sales.
50+ PB storage capacity, 250+ PB reserve orders (mainly from Europe).
This is not an experiment or testnet data, but real product market validation.
▌ Community-driven growth model: Through the HyperNode node mechanism + $ICNT token incentives, generating revenue for enterprises while distributing profits to participants, ensuring that infrastructure gains are truly allocated to users rather than filling the pockets of large companies.
3. What distinguishes ICN from other projects?
If many DePIN projects are like selling parts, for example, Filecoin only does storage, Akash provides computing power, and io.net focuses on GPU capabilities. What ICN does is provide the whole machine, packaging storage, computing, and networking into a complete and usable integrated platform.
Compared to giants like AWS and GCP in Web2, the biggest difference with ICN is: it is open-source and decentralized, allowing users not to be locked into any vendor ecosystem and not to worry about sudden service interruptions. Furthermore, the profits AWS generates are not shared with you, while ICN distributes profits to participants running nodes and contributing, truly realizing that those who build, benefit.
In simple terms, while others are still piecing together building blocks, ICN is already selling a complete system; while others treat users as mere traffic, ICN turns users into ecosystem builders. This is the foundation of its confidence as a dark horse in Web3 cloud infrastructure.
4. $ICNT Token Mechanism Overview: Those who contribute, share the profits.
▌ The total supply of ICN is 700 million tokens, distributed around four key concepts: running nodes, building ecosystems, expanding networks, and nurturing teams.
▌ 20% rewards for HyperNode nodes: released in decreasing amounts over the first 48 months, with 18.4% incentivized in the first month to encourage early participation and long-term commitment.
▌ 22.1% used to expand network resources: released in one go, prioritizing hardware vendors and service providers for rapid implementation.
▌ 21.5% for partners and channels: setting unlock periods to ensure stable and lasting partnerships.
▌ 11% to promote ecological development and community incentives: half released immediately, half released linearly, used for Galxe, tasks, and incentivizing developers.
▌ 20% allocated to the team and investors: long-term locked release, preventing cash-out dumping.
Moreover, participating nodes must hold and delegate ICN Link, with rewards unlocking in decreasing amounts over time. The more effort put in, the more stable online, and the better the service, the greater the profit sharing. This rewards the active participants while penalizing the 'idle ones', ensuring long-term network availability.
In a nutshell: the mechanism not only discusses incentives but also emphasizes 'who really does the work, who can share more.'
5. Why ICN is Worth Attention
ICN is not a conceptual project, but a verified model, having landed customers and possessing a commercial closed loop as a decentralized cloud platform, with strong real-world value at the current TGE node.
▌ From a capability perspective, it has truly solved the fragmentation pain points of DePIN.
Integrating storage, computing, and networking capabilities, as detailed earlier — integrated and composable, it is a complete infrastructure solution that is rare in the industry.
▌ From a data perspective, its performance has already been demonstrated.
Node sales, enterprise revenue, and community scale are not built through subsidies or airdrops, but through structural growth built around real services and usage demands.
▌ From a customer perspective, ICN has the ideal users most sought after by Web3 projects.
Especially in Europe, ICN has established a stable B2B customer base that values service quality, data privacy, and compliance, while also possessing the ability to pay continuously and a willingness to use long-term. Most of these customers come from Web2 enterprises, representing a typical high-quality user profile. For any exchange, such users are not only rare but also hold long-term value. This is why the expected launch of $ICNT itself carries logical support for large exchanges.
6. Summary
Web3 lacks concepts but is short on projects that can deliver. ICN has carved out a rare positive cycle: products land first, customers pay first, and the community naturally follows. As the TGE approaches, with a mature node mechanism and clear launch rhythm, it is the kind of project that deserves serious attention and priority participation.
