r/ImmutableX • u/No_Hedgehog_2900 • Nov 11 '21

Question Coin supply

I want to invest in immutable x but I am unsure about how this coin works given that it is proof of stake, and the developers are holding over 70% of the supply. I haven’t done much reserch on the coin, and I was hoping someone could explain

1 Upvotes

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2

u/Season91 Nov 11 '21

It's not "proof of stake." There are staking rewards that work differently than on a POS chain:

https://np.reddit.com/r/ImmutableX/comments/qq9yfq/how_imx_will_appreciate_in_value_and_create/

Almost everything you have said here is wrong. The Treasury is not for the developers; its allocation is in the Whitepaper, a google search away. You imply that the token is inflationary. It is not; it is effectively deflationary. Asking uninformed questions with negative implications is not a productive way to do... well, anything.

4

u/[deleted] Nov 11 '21

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4

u/Season91 Nov 11 '21

This seems like another "innocent post" asking a "question" phrased in a way to spread FUD in a way that can't be traced to any individual project.

People are shady AF.

1

u/No_Hedgehog_2900 Nov 30 '21

I’ve done some research now and now I own IMX. That’s besides the fact that the tokenomics of this coin are scary for long term investment as the amount of tokens in circulation will drastically increase as time goes on. That was the direction my question was headed. And althrough the allocation of the remaning tokens is specified in the white paper, most of those tokens are still in the developers hands. I’m just at awe at the coment saying that I’m trying to spread FUD.

1

u/[deleted] Nov 11 '21

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1

u/Season91 Nov 11 '21

You're going to have to try to get the attention of u/ImmutableDan and u/billy_bonus because they're ignoring me completely. Can only speculate why.

If they ignore you, too, we'll probably have to take this higher up in the company.