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What is the issuance amount of Immutable (IMX) coins?
Immutable (IMX) coins have an issuance amount of 2 billion coins, with an initial circulating supply of 6 million IMX distributed to the team, investors, and community through a token sale.
Dec 08, 2024 at 02:06 pm
What is the Issuance Amount of Immutable (IMX) Coins?
Immutable (IMX) is a Layer-2 scaling solution designed for NFTs. IMX aims to address the challenges associated with NFT scalability, such as high gas fees and slow transaction times. IMX uses a proof-of-stake (PoS) consensus mechanism, which allows it to process transactions quickly and efficiently.
Tokenomics of Immutable (IMX)
- Issuance Amount: 2 billion IMX
- Initial Circulating Supply: 6 million IMX
- Current Circulating Supply: 242 million IMX
The issuance amount of IMX is 2 billion coins. The initial circulating supply was 6 million IMX, which was distributed to the team, investors, and community members through a token sale. The remaining 1.994 billion IMX coins will be gradually released over time through staking rewards.
Distribution of IMX Coins
- Team: 20%
- Investors: 35%
- Community: 45%
The distribution of IMX coins is designed to ensure that the project is widely distributed and decentralized. The team will use its share of the tokens to fund the development of the IMX protocol. Investors will have a vested interest in the success of the project, as their returns will be tied to the growth of the IMX ecosystem. The community will use its share of the tokens to participate in the governance of the IMX protocol.
Staking IMX Coins
IMX coins can be staked to earn rewards. Staking helps to secure the IMX network and contributes to the overall health of the ecosystem. Stakers receive rewards in the form of additional IMX coins.
Conclusion
The issuance amount of IMX coins is 2 billion coins. The initial circulating supply was 6 million IMX, which was distributed to the team, investors, and community members through a token sale. The remaining 1.994 billion IMX coins will be gradually released over time through staking rewards.
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