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October 25, 2024

Unlocking the ICN Fairdrop: Your path to meaningful rewards

The ICN Fairdrop goes beyond a typical airdrop, offering a contribution-based reward system that encourages meaningful engagement with the ICN Testnet. Rather than random token distributions, this Fairdrop rewards users who actively participate, contribute, and immerse themselves in the platform, building a dedicated community around decentralized cloud technology.

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ICN
Impossible Cloud Network
Cloud
Technology
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The ICN Fairdrop is more than just your typical airdrop - it’s an exciting, contribution-based journey that incentivizes real engagement with the ICN Testnet. Unlike random token distributions, the Fairdrop is designed to reward those who dive in, contribute, and truly engage with the platform. 

Here’s everything you need to know about how it works and, most importantly, what you stand to gain. 

How does the Fairdrop work?

The Fairdrop is all about meaningful participation. We’re not just distributing a pool of 10.5 million Impossible Cloud Network Tokens (ICNTs) to anyone. Instead, we’re encouraging you to test functionality and reward you based on your level of engagement and contributions.

What’s in it for you? 

Our dynamic reward system is designed to recognize and reward your contributions based on the tasks you complete and the experience points (XP) you accumulate. The more you contribute, the larger your potential share of the rewards, up to specified limits. This keeps things competitive, ensuring that active participants are recognized.

However, to maintain balance and fairness, there are a few nuances we implemented:

  • The prize pool: Up to 10.5M ICNT will be distributed among 20,000 eligible participants. Consequently, eligible participants may be rewarded an average of approximately 525 ICNT - while individual rewards will vary. 
  • Minimum reward for eligible participants: To incentivize continuous testing of features being released on an ongoing basis, the minimum any eligible participant may be rewarded is 250 ICNT
  • Maximum reward for eligible participants: To ensure fairness and prevent high-scorers from draining the reward pool, you can be rewarded up to 800 ICNT max. Note: The maximum reward of 800 ICNT is not guaranteed as individual rewards will vary based on the performance of other eligible participants.
  • Eligibility requirements:
    • First-come, first-served basis: Only the first 20,000 participants who reach at least 730 XP may be rewarded ICNT. The tokens will be distributed proportionally based on each eligible participant's total XP relative to the combined XP of all eligible participants.
    • Minimum XP requirement: You need at least 730 XP to qualify for token rewards. You also need to be amongst the 20,000 people who pass this threshold.

Simply put - your rewards are linked to your contribution on the testnet. All eligible participants’ XP are totaled, and your share of the reward pool is determined by how well you perform compared to others. 

What do you need to do?

It’s simple: participate in the Testnet. Complete tasks, interact with features, report bugs, and engage with the community. Every eligible action you take earns you XP, boosting your ranking and increasing your chances of securing a better spot in the Fairdrop.

Some key actions that earn you XP include:

  • Testing new features as they’re rolled out.
  • Providing feedback to improve the Testnet experience.
  • Completing specific flash tasks set out during the Testnet.

How can you maximize your rewards?

Want to make sure you’re in that top 20,000? Here are a few pro tips to boost your chances:

  1. Start Early: The XP for initial tasks will only be available for a limited time, so getting in early will give you the biggest advantage.
  2. Be Persistent: Complete all tasks - this consistency will earn you more XP and keep you in the race.
  3. Stay Active for Flash Tasks: Keep an eye out for flash tasks or time-sensitive opportunities that can help you boost your score quickly.

So if you haven’t already, jump in here, get involved, and start competing for your share. After all, the more you contribute, the more you may be rewarded!

If you have any questions or need more details on how to get started, check out our Discord server or Testnet page. We can’t wait to see you in the Fairdrop race.

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Disclaimer: The present document and/or any other accompanying documentation ("Documentˮ) only provides educational material about the tokenomics of the Impossible Cloud Network and ICNT. Please note that Impossible Cloud Network and ICNT are under active development and are subject to change. The Impossible Cloud Network Stiftung may change this Document at any time at its sole discretion without notice. The information contained in this document is provided for informational purposes only and there is no guarantee for the completeness of the content.

This Document does not constitute an offer to sell or a solicitation of an offer to purchase any ICNT and is not an offering, advertisement, solicitation, confirmation, statement, or any financial promotion that can be construed as an invitation or inducement to engage in any investment activity or similar. All numbers and forward-looking statements mentioned within this document, as well as any accompanying documentation, reflect mere estimations/indications.

The Impossible Cloud Network Stiftung makes no representations, warranties, or covenants concerning the Impossible Cloud Network and the ICNT as to their technical properties and/or characteristics or performance or their actual or potential usefulness or suitability for any particular purpose.

This disclaimer, this Document as well as any accompanying documentation, shall be governed by and construed, and interpreted under the substantive laws of Switzerland, excluding the Swiss conflict of law rules. The United Nations Convention for the International Sales of Goods is excluded. Any dispute related to or arising out of the information provided within the Document, as well as any accompanying documentation, shall be submitted to the exclusive jurisdiction of the competent courts of the city of Zug, Switzerland, with the exclusion of any other jurisdiction or arbitration.

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by
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Impossible Cloud Network
Cloud
Technology

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