Immutable (IMX) Delays $67M Token Vesting By Another Year

Ethereum layer-2 NFT scaling solution Immutable (IMX) delays vesting of 125M IMX ($67M) in rewards to July 2024 for strategic reasons.
Immutable (IMX) Delays $67M Token Vesting By Another Year
Immutable (IMX) Delays $67M Token Vesting By Another Year

Immutable’s developer, a popular web3 gaming platform, is delaying the distribution of $67 million worth of 125 million IMX tokens on Ethereum until July 2024 in order to assure long-term project success, with a steady monthly release for stability.

Immutable has funded over 200 games and has a four-year cash reserve for its 270 employees. 52% of their total token supply of 2 billion is set aside for project and ecosystem growth.

They intend to introduce the zero-knowledge Ethereum Virtual Machine (zkEVM) and cross-rollup liquidity in the future. They are also planning to produce new blockchain games, claiming that these would have a greater influence on web3 and blockchain adoption than crypto exchanges.

Immutable’s strategic decision displays their dedication to long-term viability, ensuring consistent growth and development within the web3 gaming industry and positioning them well for a promising future.

More From The Kangaroo Times

Total
0
Shares
Related Posts
Total
0
Share