Ethereum News Today: Bybit EU Lists ICNT Launches 300000 Token Splash Campaign

Bybit EU has listed the Impossible Cloud Network Token (ICNT), the native asset of the Impossible Cloud Network, a decentralized cloud infrastructure protocol designed to offer user-owned compute, storage, and bandwidth solutions as an alternative to traditional cloud platforms [1]. The token became available for deposits on the exchange on July 30, 2025, with spot trading for the ICNT/USDC pair launching on July 31. Withdrawals are expected to be enabled on August 1, with transactions supported via the ETH and BASE networks [2].

To celebrate the listing, Bybit EU launched a two-part "Token Splash" campaign, distributing a total of 300,000 ICNT to users. The first event is exclusive to new users, offering 100 ICNT to those who sign up, complete identity verification, and meet deposit or trading thresholds between July 30 and August 15. The second event, open to all users starting July 31, rewards participants who trade at least 500 USDC worth of ICNT, with 150,000 ICNT available in a volume-based distribution [3]. Rewards are capped at 3,000 ICNT per user.

The ICNT token underpins the Impossible Cloud Network, a decentralized infrastructure protocol enabling users to build and scale cloud services without relying on centralized providers. Functions such as storage allocation, compute task execution, and bandwidth exchange are governed by the token [4]. The listing and campaign are exclusive to Bybit EU and subject to regional restrictions. Institutional users and market makers are not eligible for rewards, and participants must complete onboarding and register within the event period to qualify.

This announcement is a marketing communication under the Markets in Crypto-Assets Regulation (MiCAR) and does not constitute investment advice. Bybit EU GmbH is licensed as a Crypto Asset Service Provider under MiCAR but is not a credit institution under the Austrian Banking Act. Assets on the platform are not protected by investor compensation or deposit insurance schemes [5].

The listing reflects broader trends in the cryptocurrency sector, where major exchanges are increasingly prioritizing utility-focused tokens. ICNT represents a project aiming to provide blockchain-based alternatives to traditional cloud computing, and its inclusion on Bybit EU highlights growing interest in decentralized infrastructure solutions [6]. The timing of the campaign also coincides with heightened market activity, as exchanges compete to attract traders and investors through token incentives.

Bybit, the world's second-largest cryptocurrency exchange by trading volume, continues to expand its ecosystem by partnering with innovative blockchain projects. This move reinforces its role in bridging traditional finance and decentralized finance, offering users access to a diverse range of digital assets [7].

Sources:

[1] https://www.thestreet.com/crypto/press-releases/bybit-eu-lists-impossible-cloud-network-token-icnt-launches-300000-icnt-token-splash-campaign

[2] https://blocktelegraph.io/10-years-of-ethereum-eth-meme-coin-pepeto-ends-stage-6-with-5-770-000-raised-in-presale/

[3] https://www.dlnews.com/

[4] https://www.thestreet.com/crypto/industry-announcements

[5] https://www.investing.com/crypto

[6] https://bitcoinworld.co.in/empery-digital-bitcoin-holdings/

[7] https://coindoo.com/instant-crypto-payouts-which-is-the-best-online-casino-spartans-skybet-stake-with-5963-games/