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REGULATION
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2 years ago

Immutable Postponed 125 Million IMX Token Unlock For Another Year, 125 Million IMX Worth $63 Million

2023-10-19

REGULATION
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2 years ago


Robbie Ferguson co-founder and President of Immutable posted on his Twitter account on October 17, 2023 that 125 million IMX tokens are scheduled for unlock in  a few weeks frow now.

 

twitter.com/0xferg



He will re-lock 125 million IMX tokens from Project Dev allocation for another year until July 2024. 125 million IMX worth $63,762,500.

 

Ferguson also updated that last year there have been 200+ well-funded games on Immutable and Immutable zkEVM testnet is now live. 

 


Immutable is an Ethereum layer 2 scaling solution that focus on gaming and NFT trading. Immutable holds 25% of supply of IMX on its balance sheet.

 

Immutable (IMX)

Ranking: 53rd largest crypto by market cap.

Market cap: $614 million.

Fully diluted market cap: $1.017 billion.

IMX circulating supply: 1,208,896,260 IMX (60.44%)

IMX max supply: 2,000,000,000 IMX

Trading volume: IMX tokens have average trading volume between $11 million and $20 million.

As of October 19, 2023.

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