During this time, someone finally started talking about @ICN_Protocol. However, because it hasn't been listed on platforms like Kaito/Cookie, there is still quite limited systematic introduction content about it on Twitter.
This article mainly contains the following modules; if you're interested, feel free to jump to them directly.
1️⃣ Project Background
2️⃣ Earning Opportunities
3️⃣ $ICNT Token Economic Model
4️⃣ References
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1️⃣ Project Background
Official Statement: @ICN_Protocol is a decentralized multi-service cloud platform based on Web3 technology, integrating storage, computing, and network resources to create an open, permissionless cloud ecosystem. In simple terms, it enables hardware providers (HPs), service providers (SPs), and SLA oracle nodes to collaborate, building secure, efficient, and scalable cloud services.
Layman's Terms: Essentially, it's a low-profile depin project. Why low-profile?
- Quietly sold 13M nodes (if you didn't buy earlier, you won't have another chance now)
- NGP invested in a new round, and the previous 31M was invested by 1KX. By the way, this NGP had previously invested in @helium and Xiaomi.
- The founder achieved significant results in web2, having created Goodgame Studios and then went public.
2️⃣ Earning Opportunities
- Node Staking -
Link: https://t.co/qxfp5e3sEb
If you purchased nodes previously, you can stake them using the link above. However, not many people discussed this before, so the number currently purchasing is likely quite small.
- Node Activation -
Link: https://t.co/azoGdaWO8H
This one is relatively simple. After accessing the link, you can bind your social account to receive $ICNT. It is recommended to use an old account.
- Galaxy Tasks -
Link: https://t.co/ekIb0FYc3S
This task is even simpler. It's just a follow task. However, I noticed the reward is a USDC lottery, and I wonder if the official will include this in future airdrops.
3️⃣ $ICNT Token Economic Model
The reason for discussing the $ICNT economic model separately is that it is expected to have its TGE soon. This can help everyone gauge its future value and whether they can recoup their investment.
They are quite generous with the nodes and ecosystem.
The total supply of tokens is 700 million, with 20% allocated for network rewards, such as their nodes. Of this 20%, 15% is unlocked immediately, and 85% will be gradually unlocked over 48 months.
Then, of the remaining 80%, 11% goes to partners, 10% to the ecosystem, 10% to network expansion, 5.4% to cloud service development companies, 21.5% to investors, and the team retains 22.1%.
In terms of circulation, approximately 26.2% will be in circulation at TGE, which is about 183.4 million tokens. Based on a valuation of 470M, that would be around 0.67U per token (this is just an estimate; actual circumstances and recouping situations will need to be calculated separately).
Overall, they are quite generous with the ecosystem and users.
4️⃣ References
Financing and Valuation: https://t.co/ztYw8LonD6
Details of the Token Economic Model: https://t.co/wMytZKpAb3
Node Prices and Sales Situation (calculate your own costs):