Understand the issuance price and total issuance of IMX coins in one article

The issuance price of IMX coins was set at $0.09 per token during the private sale in October 2021, with a total issuance of 2 billion coins.

Oct 14, 2024 at 11:53 pm

Understand the Issuance Price and Total Issuance of IMX Coins

1. Issuance Price

IMX coins were initially launched through a private sale in October 2021. The issuance price was set at $0.09 per IMX token.

2. Total Issuance

The total issuance of IMX coins is 2 billion, with a current circulating supply of approximately 1.1 billion tokens.

3. Planned Issuance Schedule

The remaining 900 million IMX tokens will be gradually issued over the next four years, according to the following schedule:

2022: 225 million tokens
2023: 225 million tokens
2024: 225 million tokens
2025: 225 million tokens

4. Distribution of Tokens

The IMX token distribution is as follows:

Team: 20%
Investors: 20%
Community: 50%
Reserves: 10%

5. Token Utility

IMX coins are designed for use within the Immutable X platform, a non-custodial, layer-2 scaling solution for Ethereum. IMX tokens confer the following benefits:

Transaction fees: Used to pay for transactions on the Immutable X platform.
Staking: Token holders can stake their IMX coins to earn additional rewards.
Governance: IMX holders can participate in the governance of the platform by voting on proposals.

Conclusion

IMX coins were issued at a price of $0.09 per token during the private sale in October 2021. The total issuance of IMX coins is 2 billion, with a current circulating supply of approximately 1.1 billion tokens. The remaining 900 million tokens will be gradually issued over the next four years. IMX tokens are used for transaction fees, staking, and governance within the Immutable X platform.

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