What is the issuance price and issuance volume of Immutable (IMX) coins?

Following its IPO on November 3, 2021, Immutable (IMX) coins debuted at $0.15 per token, with an initial distribution of approximately 200 million IMX units released into circulation.

Dec 07, 2024 at 09:53 pm

What is the Issuance Price and Issuance Volume of Immutable (IMX) Coins?

Introduction

Immutable (IMX) is a Layer 2 scaling solution that operates on the Ethereum blockchain. Focused on powering NFT gaming, Immutable aims to enhance scalability, reduce transaction costs, and augment security for blockchain games. In this article, we will delve into the issuance price and issuance volume of IMX coins, exploring the initial launch details and subsequent supply dynamics that have shaped the cryptocurrency's market presence.

Issuance Price of IMX Coins

• Initial Public Offering (IPO): IMX coins were first introduced to the public through an Initial Public Offering (IPO) held on November 3, 2021. During this offering, IMX tokens were sold at a price of $0.15 per token, marking the official issuance price for the cryptocurrency.
• Token Allocation: The total supply of IMX coins is capped at 2 billion, with a distribution structured as follows:

• Public Sale: 10%
• Seed Round: 10%
• Strategic Round: 25%
• Company Treasury: 45%
• Team: 10%

Issuance Volume of IMX Coins

• Initial Token Distribution: During the IPO, approximately 200 million IMX tokens were released into circulation, representing 10% of the total supply. Notably, a significant portion of the remaining token supply was allocated to the company treasury and strategic partners, with phased releases planned over an extended period.
• Gradual Token Release: IMX follows a long-term token release schedule, with the remaining token supply vested and released over multiple years. This strategic approach aims to ensure stable supply dynamics, avoid market volatility, and support the long-term growth and adoption of the platform.
• Ecosystem Growth and Token Utilization: The issuance volume of IMX coins is directly tied to the growth and adoption of the Immutable platform. As more games and applications integrate with Immutable, the demand for IMX tokens is likely to increase, leading to the release of additional tokens into circulation.
• Governance and Community Involvement: IMX holders have the right to participate in the governance of the platform, with a clear roadmap for community involvement and decentralized decision-making. Through staking and voting mechanisms, token holders can influence the future development and direction of the Immutable ecosystem, potentially impacting token supply dynamics.

Additional Considerations

• Token Burning: Immutable has implemented a token burning mechanism, which periodically removes a portion of the circulating supply from the market. This deflationary measure is intended to enhance token scarcity and potentially increase its value over time.
• Token Use Cases: IMX coins serve multiple functions within the Immutable ecosystem, including:

• Transaction fees
• Staking for governance and rewards
• Payment for in-game assets and services

• Market Dynamics: The issuance price and issuance volume of IMX coins have played a pivotal role in shaping its market dynamics. While the initial issuance price of $0.15 established a starting point, the subsequent token release schedule, ecosystem growth, governance mechanisms, and token burning practices have collectively influenced the supply and demand balance, impacting the overall market valuation of IMX.