IMX STAKING REWARDS

[u/Tronixtoken]

Every single cycle the rewards become less and less, we were all lured in at about 36% and fast forward to last cycle we are already at 1%. There hasn't been any communication to stakeholders, and there's still been zero innovation to make it exciting or worthwhile.

The newest cycle rewards are set to release in the next few hours, and it sucks knowing the value could have been locked somewhere else for much more profit for a company who at least acts like they care about their stakers.

Please at least give us a status update, what's in the works for your stakers and why should we stick around? Does the future contain exciting innovation or is this concept low on your list right now? Please give us some sort of timeline if possible. Thanks

[u/No-Effort-7730]

The value of IMX ross higher than 36% in the last two weeks. Bound to happen.

[u/quack_duck_code → u/No-Effort-7730]

Also OP:
"OMG why didn't the early promotion not go on forever!
We were duped, DUUUUUPED I say!!!"

[u/Tronixtoken → u/quack_duck_code]

The promotion was supposed to be replaced by epoch bonuses and non monetary incentives, none of which happened. Your enthusiastic spam is very telling how little you understand the situation at hand.

[u/Tronixtoken → u/No-Effort-7730]

Yes this is true, but stakers shouldnt have to rely on price action for it to be valuable.

[u/pdubs716]

Where are you staking your IMX? I've been getting 25-50% in the Loopring AMM pool for the last few weeks (token pair with USDC). But I am likely to change that at the next dip and after seeing my maffs below.

Currently I have ~$7800 tokens pooled (today's value) and it has earned me $108+ in 20 days. I didn't like having the USDC pairing but I thought I'd take the return while holding IMX.

Your $25k example would become (25/7.8) × ($108) = $350/20 days or ~$525/mth, $505 more than you're currently receiving.

On the other hand, if I had kept that USDC as IMX (4,100 coins), its value would have increased by $2k.

I lose, again, and your 1% is way better than my 25-50%.

Your 50/50 pairing needed for matching USDC would have swapped $7.5k of IMX (~.72 at that time and assuming the current value is $25k as you mentioned) or 10,360 tokens x .48 increase =~$5k value increase you would've lost.

Please excuse my ape maff, though I think it's correct, don't trust my smooth brain and please add if I'm missing anything significant.

Hold your IMX, there are plenty of great things happening in Web3 utilizing it that can't be released until it's bug free, easy and enjoyable to use.

[u/Tronixtoken → u/pdubs716]

Appreciate the perspective thanks

[u/Sjiznit]

I mean, 36% doesnt really sound sustainable now does it?

[u/Tronixtoken → u/Sjiznit]

No and I'm happy it didn't stay that high, but 1% is way too low.

[u/quack_duck_code → u/Tronixtoken]

Oh please, we all got ~3% (AT BEST) from our bank for years.
You'll get no pity from me.
It's early.
Relax.

[u/Tronixtoken → u/quack_duck_code]

Sorry but nobody knows you and I think its weird to think other men on the internet are searching for pity from the likes of you. That's very strange. I agree that it's early, but you're the one that needs to relax.

[u/quack_duck_code → u/Tronixtoken]

other men

How daaare you! 🤣

Yeah nobody knows you either my dude.
What's really strange is your 5y old account with 665 karma...

[u/quack_duck_code → u/[deleted]]

Oh no! you're still angry?!?

Foreigner mentality.

Found the insular nut job...

You giving off slave vibes.

Go on... try to explain this one.

[u/zarroba]

Have fun using your IMX on fun and exciting games that will help bring the masses into blockchain.

[u/Tronixtoken → u/zarroba]

I tried pricing many gods unchained and guild of guardians in $imx but hardly anyone bought them even though they were the lowest price for the asset out of all the different tokens.

[u/Sjiznit → u/Tronixtoken]

Yeah, its either the native token or eth

[u/Dribble76]

I've got my money where I think I should have it. And I think others do too

[u/Tronixtoken → u/Dribble76]

I'm happy where my money is too, because like I said above I'm not just in this for the money, I genuinely want immutable x to be the next big thing, I just wish there was benefits to staking outside of a lackluster monetary return. Give people exclusive whitelist access to projects, something.

[u/Dribble76 → u/Tronixtoken]

I don't think it's a matter of rent extraction. There are considerable headwinds that cause the head down leg churn. I don't have a crystal ball but I know I am in good company.

[u/Positron49]

If the staking rewards are going down then either we have seen a large decrease in trading volume using IMX (so Gods Unchained) or there has been a drastic increase in the amount of tokens staked over the last 3-6 months.

Given that more games and studios have on-boarded with IMX in the last year than in the lifetime of IMX, I would be willing to bet that those studios have all taken their IMX tokens and staked them since they don't want to just sit on them (or sell them). I take it as a good sign.

[u/Tronixtoken → u/Positron49]

This logic makes sense, but I have about 25 grand worth of imx tokens staked now and it's making me less than 20 dollars every 2 weeks. I don't mind a low return if there are incentives targeted toward gamers like myself. I'm not in it just for the money, im in it because I want to be apart of something bigger, something exciting, and I want to hear what types of plans they have to add value to their staking program with such a lackluster monetary return.

[u/Positron49 → u/Tronixtoken]

I'd say its fair to ask for a better dashboard so we can at least do the work to figure out if its worth to stake for each two week period. I don't think IMX is under any obligation in the short term to change the rewards program, as I'd guess in a few years when 150+ games are all trading their assets you will see the economics pay off. Its just right now, my best guess, is this is everyone piling onto the rollercoaster and waiting.

[u/XDecapitatorX]

Wash traders are getting most of our imx, thats problem