Bybit EU Lists ICNT with 300,000 Token Splash Rewards Campaign

Bybit EU has officially listed the Impossible Cloud Network Token (ICNT), a token native to the decentralized cloud infrastructure protocol known as the Impossible Cloud Network [1]. This platform is designed to provide users with decentralized compute, storage, and bandwidth solutions as an alternative to traditional cloud services like AWS [2]. Starting July 30, 2025, ICNT became available for deposits on Bybit EU, with spot trading for the ICNT/USDC pair launching on July 31 [3]. Withdrawals will be enabled on August 1, and transactions can be made via the ETH and BASE networks [4].

To celebrate the listing, Bybit EU launched a two-part promotional campaign called “Token Splash,” offering a total of 300,000 ICNT in rewards [5]. The first phase is exclusive to new users who sign up, complete identity verification, and meet deposit or trading thresholds between July 30 and August 15, with each eligible participant receiving 100 ICNT, capped at 1,500 users [6]. The second phase, beginning July 31, invites all users to trade at least 500 USDC worth of ICNT to be eligible for a share of a 150,000 ICNT reward pool [7]. Rewards are distributed based on trading volume, with a maximum of 3,000 ICNT per user.

ICNT is intended to power a composable and decentralized cloud network, allowing users to build and scale cloud services without relying on traditional infrastructure providers [8]. The token supports key network functions such as storage allocation, compute task execution, and bandwidth exchange [9]. The campaign is restricted to Bybit EU and subject to regional compliance, with institutional users and market makers excluded [10]. Users must complete full onboarding and register for the campaign within the event period to qualify for rewards.

This listing and promotional campaign align with Bybit EU’s broader strategy to expand its token offerings and engage its user base. As the second-largest cryptocurrency exchange by trading volume, Bybit serves over 70 million users globally and continues to partner with leading blockchain protocols to drive on-chain innovation [11]. The integration of ICNT provides a direct pathway for traders to interact with the token, potentially enhancing its liquidity and visibility in the market.

The Token Splash campaign is expected to drive short-term trading activity and participation, particularly as ICNT is paired with USDC, a stablecoin widely used in crypto trading [12]. While the campaign does not project future returns or growth for ICNT, it does indicate Bybit EU’s confidence in the token’s potential and its willingness to support adoption through promotional incentives [13]. The success of such initiatives often depends on the underlying utility and adoption of the associated protocol.

Bybit EU’s listing of ICNT exemplifies the growing trend of crypto exchanges using promotional campaigns to attract new tokens and user engagement. This strategy is increasingly common as platforms compete to offer innovative tokens and enhance user experience. The campaign also highlights the importance of decentralized infrastructure in the broader DeFi ecosystem, as projects like the Impossible Cloud Network seek to disrupt traditional cloud services with user-owned alternatives [14].

The listing is subject to the Markets in Crypto-Assets Regulation (MiCAR) and is presented as a marketing communication, not 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. Users should be aware that crypto or fiat balances held on the platform are not protected by investor compensation or deposit insurance schemes [15].

Source:

[1] Bybit EU Lists Impossible Cloud Network Token (ICNT) – https://www.dlnews.com/external/bybit-eu-lists-impossible-cloud-network-token-icnt-launches-300000-icnt-token-splash-campaign/

[2] Bitget Lists Naoris Protocol (NAORIS) for Spot Trading – https://www.financial-news.co.uk/bitget-lists-naoris-protocol-naoris-for-spot-trading/

[3] Bybit – https://www.reddit.com/r/Bybit/hot/

[4] Bybit EU (@BybitEU) / X – https://x.com/bybiteu

[5] Bybit EU Lists Impossible Cloud Network Token (ICNT) – https://www.dlnews.com/