Immutable x token: Powering The Next Generation Of Web3 Games

Immutable x token

Immutable x token

The current circulating supply is 188,160,768 (~9.41% of the maximum token supply). SoFi Crypto is offered through SoFi Digital Assets, LLC. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. THE TOKENS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS . The Tokens are not a loan and do not provide any right of ownership or other interest.

Immutable x token

All fees paid in IMX go toward a staking reward pool; those who stake IMX are entitled to shares in the pool. Trading and investing in digital assets may involve significant risks including price volatility and illiquidity. Investors should be fully aware of the potential risks and are not to construe the content of the report as the only information for investment activities. None of the products or TokenInsight Inc, nor any of its authors or employees shall be liable to any party for its direct or indirect losses alleged to have been suffered on account thereof.

Effectively, the longer and the more you stake, the greater your rewards may be. Each cycle lasts 14 days and rewards will be calculated at the end of each cycle. According to Delphi Digital’s report, there are more than 100 games on Immutable X, and a total of $900 million in funds will be raised in 2022. Among them, the exclusive games on Immutable X will receive $300 million in capital investment, and the multi-chain games based on Immutable X will have $600 million.

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Immutable X makes Ethereum easy to use at a mainstream scale so that you don’t have to choose between user experience and the leading underlying technology. Immutable X’s APIs lower the barrier to entry for developers getting started on their blockchain journey so they can build projects on Ethereum instantly. At present, there is only one giant game, Axie Infinity, on Ronin, while Immutable X already has as many as 100 blockchain games of various colors.

The news/articles/reports or other information had been prepared for informative purposes only and does not constitute an offer or a recommendation to purchase, hold, or sell any digital assets or to engage in any investment activities. Any opinions or expressions herein reflect a judgment made as of the date of publication, and TokenInsight reserves the right to withdraw or amend its acknowledgment at any time in its sole discretion. TokenInsight will periodically or irregularly track the subjects of news/articles/reports or other information we provide to determine whether to adjust the acknowledgement and will publish them in a timely manner. Immutable zkEVM is a new EVM-compatible ZK-Rollup powered by Polygon technology and with full Immutable platform support. The chain aims to accelerate the development and adoption of Web3 gaming.

ImmutableX will also provide users with a seamless and safe trading experience leveraging the battle-tested security of the Ethereum blockchain. To drive more awareness and liquidity to Tollan Worlds’ ecosystem, all its assets will be distributed across all ImmutableX-integrated marketplaces. At the heart of our alliance lies Immutable zkEVM, a new EVM-compatible zk-rollup powered by Polygon technology and with full Immutable platform support. Designed to make developing web3-enabled games faster, easier and less risky, Immutable zkEVM will allow both large game studios and independent developers to build high-quality games that support true asset ownership. Set to fully launch in the coming months, Immutable zkEVM introduces a second scaling solution for games building on Immutable, alongside Immutable X, powered by Starkware.

For an initial promotional period, we are increasing staking rewards with extra tokens to ensure an annualized reward rate of at least 5% with 30% of the stakeable token supply staked. Immutable zkEVM is the first EVM-compatible solution for games with enforceable royalty fees, allowing game developers to protect and grow their revenue while empowering their communities with asset ownership all on one of the largest web3 gaming ecosystems. The network introduces a flexible structure that allows anyone to develop customized decentralized marketplaces, blockchain-based games, and much more. Notably, the system enables you to set key factors such as your trading fees. You can also mint NFTs with ease thanks to features like bulk minting.

CryptoRank provides crowdsourced and professionally curated research, price analysis, and crypto market-moving news to help market players make more informed trading decisions. If you’re looking for a set of practical and insightful crypto market information and data, we have the analytics tools to suit your business needs. Fluctuating and high gas prices have limited creators and buyers from developing and accessing the world’s best NFTs. Immutable X is developed on top of StarkWare’s bleeding edge zk-rollup technology to allow you to instantly mint and trade NFTs with zero gas fees.

In this way, more developers can participate in the Immutable ecosystem. There are a couple of key pain points that Immutable seeks to alleviate in the market. For one, the platform was set up to help reduce investor onboarding and confusion. As such, the protocol features an easy-to-navigate interface that enables anyone to take advantage of its services.

Immutable x token

Immutable X is the first layer 2 scaling solution on Ethereum, belonging to the layer 2 protocol used to verify transactions on the Ethereum chain. While most tokens were released shortly after the launch, the tokens from the private sale were scheduled to be unlocked over 18 months following a one-year cliff. Immutable X has earmarked the rest of the supply to jump-start the network, reward loyal users and develop the protocol. Additionally, 20% of trades on the Immutable platform, regardless of rollup, must be paid in $IMX.

Non-custodial protocols are more secure than custodial networks because users never have to relinquish ownership of their assets. If a non-custodial exchange gets hacked, users’ funds are safely stored in their wallets. Additionally, you can easily verify your withdrawals anonymously using the network’s zero-knowledge proofs. The network has already reached some notable milestones as the network has completed over $50 million in trading volume since its launch. The innovative team behind the project consists of over 100 members from varying tech backgrounds. Their combined experience has helped Immutable to provide a unique set of features and services to the market.

Stakeable Token Supply Criteria

Then came a crash, and IMX spent the next six months trading at about $1.50 to $5. No part of the Website, the Project or the Materials should be considered to be business, legal, financial, investment, or tax advice, or advice of a broker regarding any matters to which all or any part of such information relates. You should consult your own legal, financial, tax, or other professional advisors regarding any such information. The Project, while not owned, operated, developed or otherwise controlled by us, is in beta stage, which means that the Project and all related software are experimental. In no event shall we be held liable in connection with or for any claims, losses, damages or other liabilities, whether in contract, tort or otherwise, arising out of or in connection with the Project or its operation or use. There is no guarantee that the Tokens will perform as expected or hold any particular value or price.

The protocol has made a commitment to help create a green decentralized ecosystem. Specifically, the developers have pledged to offset any carbon footprint with certified climate-conscious partners, Trace and Cool Effect. The final goal of the project is to become the first 100% carbon neutral NFT chain. Early cryptocurrencies like Bitcoin require huge amounts of energy to operate. Their network utilizes the Proof-of-Work consensus mechanism which requires all network nodes to complete energy-heavy computations. Immutable provides a more sustainable alternative to these networks.

Why are you interested in ImmutableX?

Staking rewards come directly from the trade volume on the ImmutableX protocol. Twenty percent (20%) of the protocol fee is converted to IMX on the open market and proportionately redistributed to IMX stakers based on the amount staked. Your rewards are calculated based on the amount of IMX tokens you’ve staked and the length of time you’ve staked over that cycle (time-weighted average staked amount). This is then measured proportionally against the total amount of IMX staked to come to your specific reward distribution.

Tollan Worlds and ImmutableX: Redefining the 2D Pixel-Art RPG Experience

The news could fuel a 43% upswing for IMX as the hype around gaming tokens continues. When it comes to gaming, a network needs to be high-performance and responsive. Immutable introduces a new level of scalability to the play-to-earn sector. Additionally, the network support near-instant trades for games, applications, marketplaces.

How does staking work?

Finally, you can spend less time on the nitty-gritty development and more time crafting unforgettable gaming experiences. And thanks to the power of Immutable’s global orderbook book, you can rest easy knowing your assets will be distributed on marketplaces far and wide, with built-in enforceable royalties. Decentraland price is on a 10-day uptrend as it moves diagonally along an ascending trendline.

Active Immutable X community members are able to use their IMX to have an IMX-weighted vote on the future of Immutable X. Published proposals will relate to the future development and expansion of the token ecosystem. As mentioned above, both Immutable X and Ronin were created for game users. Immutable X was born because of Gods Unchained, while Ronin was born because of Axie Infinity. Its token sales, which sold off just under 20% of the supply, were a big success.

As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. More rewards leads to more trading, more game launches, and more players on the Immutable X protocol, which ultimately results in more rewards for you. This wheel keeps turning and everyone gets to share in the long-term success. Often dubbed as the holy grail of Ethereum Scaling, zkEVM is an EVM-compatible virtual machine that uses zero-knowledge proofs (aka zk-proofs or zk-rollups) to verify and execute smart contracts. This technology dramatically improves transaction speeds and reduces costly gas fees, all while leveraging the battle-tested security of the Ethereum blockchain.

In addition, the Tokens are subject to additional terms and conditions that may be amended by us from time to time. The Project may also be subject to additional terms and conditions that may be amended by the owner of the Project from time to time. For an initial promotional period, Digital Worlds is increasing staking rewards with extra tokens to ensure a minimum annualized reward of 5% with 30% of the stakeable token supply being staked.

The biggest cryptocurrency in the world has been rallying for more than a week now despite the ongoing banking crisis in the country, which is close to bringing down another bank. If buying pressure increases passed current levels, IMX could break past the immediate barrier at the $1.361 resistance level before confronting the $1.599 roadblock. In highly bullish cases, the price could increase to tag the $1.798 resistance level last tested on May 5 before the Terra crisis swept crypto prices to the floor.

Polygon Labs and @Immutable, the leading Web3 gaming platform, join forces to introduce Immutable zkEVM, powered by Polygon. Immutable leverages an easy-to-use dashboard to simplify the NFT creation process. The interface enables you to formulate, issue, and distribute ERC-721 and ERC-20 tokens. The Immutable X Volition model is used when minting, buying, selling, and transferring assets. During the configuration of your NFT, you can decide whether assets are held as a Validium ZK-proof or a ZK-Rollup.