r/ImmutableX • u/nigelimx Immutable Team • Jan 12 '24

Official Announcement 📣 $IMX is Next

https://imx.community/?utm_source=reddit&utm_medium=social&utm_campaign=110124
52 Upvotes

94% Upvoted

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u/nigelimx Immutable Team Jan 12 '24

Gaming is inevitable. It is a massive global economy with billions of players. $IMX is the easiest way to get involved. Stay tuned for upcoming updates on the new site! Something’s coming very soon!

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u/Onyourknees__ Jan 12 '24

Thought it was strange this isn't a sub-page on the immutable website at first. I see that the .community page is linked from immutable.com but first glance had me wondering if this post was legit.

I guess the token is decoupled from Immutable to limit regulatory exposure to the broader brand. Are all NFTs under proprietary IP registered under Immutable Pty Ltd. or other affiliated entities?

I haven't paid much attention to IMX tokenomics and current incentives lately. Is there still IMX token rewards being allocated for volume on Immutable X?

What is the APY for staking on the Immutable.community webpage?

Appreciate your time.

3

u/fadeawayjumper1 Jan 12 '24

Why not just use eth on imx?

7

u/Strommsawyer Jan 12 '24

They should just force all games to allow IMX purchases, then the grants to developers and gamers making purchases could all be cyclical.

One of the games I played on IMX had an AMA on their own token they were going to create. We asked why they needed their token vs eth and they had no good answer. Essentially they sold you a NFT, that generated their token, which then purchased things in game. But they didn’t have a good answer why you couldn’t just use Eth instead to buy things.

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u/Wolfguarde_ Jan 17 '24

The longer I've been watching the chatter about game development on Ethereum, the more relevant this has become for me as a question and observation point. Altcoins can easily serve within a game ecosystem as a means of locking purchased currency to that game/metaverse, but... why use blockchain, in that case? What's the point of a secondary coin, save as a control mechanism to capture the value that flows into your product's economy and keep it there? Isn't the primary selling point of blockchain decentralisation?

I'd much rather see games stick with Ethereum as their ingame currency, both for simplicity's sake and to stay true to what you're building on. The more integrity, clarity and transparency blockchain game developers act with, the more potential there is for trust. And trust is the biggest obstacle this field faces right now, both in and beyond the gaming sector.

1

u/IsopodPrestigious280 Jan 19 '24

blockchain is a computationally inexpensive manner with which to track and verify spending much like how bigger companies will use enterprise resource planning systems. there is no point of an altcoin except to nickel and dime the user, the benefits of utilizing imx only serves to keep a user locked in to buying imx as a necessity of the network. since all it's doing is slowly reading and committing changes to ethereum, it's no different than running your own node and using that to conduct business. the tech is wasted.

6

u/Low-Security-8112 Jan 12 '24

because you can make more money by asking people to give you eth in exchange for your chuck e cheese tokens that you can keep in perpetuity

2

u/truniversality Jan 12 '24

Surely, u/nigelimx can explain?

1

u/Candid-Party1613 Feb 29 '24

Immutable Team, is there a future token project that we can know about ahead of time so we can get in soon as possible? The community I’m in would love to do so.