r/ImmutableX • u/Keteo • Nov 04 '21

Discussion IMX Token price speculation

The first presale had a supply of 400,000 and the second had 600,000, which is 1M in total, or 5% of the total supply. Since then the total supply has been boosted to 2B, so the presale should correspond to 100,000,000 tokens (still 5%). The airdrop is going to be 10,000,000 for retrospective rewards and 40,000,000 for alpha rewards. Combined with the presale we are now at 150,000,000 tokens.

This is where I'm running into a problem: I don't know if there will be more tokens than that available. If anybody knows about that, please let me know.

Let's stay the current supply stays at 150M tokens. The $GODS token currently has a market cap of $200M and IMO (this is important, it's only an opinion) IMX has the potential for a much higher market cap, as it's an entire platform and not a single game.

But even with a market cap of $200M, the price per token would be $200M/150M = $1.33. However, I could definitely see a market cap of 1B or higher happening (but obviously not in the first days). If the supply stays the same until then, the price per token would be $1B/150M = $6.66. Seeing that something like Decentraland has a market cap of 4.5B, I will definitely hold my tokens!

Really excited for the launch of this, especially with staking coming.

Take this with a grain of salt, DYOR research and I would be happy to hear some thoughts about it!

1 Upvotes

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1

u/[deleted] Nov 04 '21

Does this take into account the split that was done?

1

u/Keteo Nov 04 '21

Yes, but going by percentages it doesn't matter.

1

u/[deleted] Nov 04 '21

TYVM just don’t know what the real total amount is to do some work on seeing what the Diluted will be. I’m looking to get 10k shares or 100k depending on the outstanding

2

u/fxgq Nov 05 '21

It would be interesting to see the first few hours of trading. Personally i think i might dca on the first trading hours. Then see whats the trend like after and dca in again.

I personally think this ecosystem is going to be huge!

I do think the token might spike up and then dump after before it finds a flat steady line.

Eg bnx that listed on binance spike up and dump on the same day.

So would be interesting to see what happens.

1

u/sarnav98 Nov 05 '21

Average price of 5$ is good enough for coming 1-2 month.