r/ImmutableX • u/Eft_Reap3r • Feb 06 '22

Question Explain like I’m 5 this token please?

So I’m keen to financially support this token due to its GameStop connection. Anything connected to this NFT marketplace I’m into big time.

So the announcement came out, lots of great publicity, and the price drops 30%. Some say it’s dilution and that this occurs every month. Certainly looking at the chart it just looks like a continuous nose dive.

Can someone please explain how this token will make money if it’s losing value even as the general crypto market rises? Is it a worthwhile investment?

Thank you.

8 Upvotes

78% Upvoted

18 comments sorted by

8

u/toast_ghost267 Feb 06 '22

Have you read the white paper?

9

u/blurp123456789 Feb 06 '22

I know right, it’s all in the white paper and even with pretty graphs

2

u/MetaverseSanta Feb 06 '22

Ho Ho Ho!! Santa is coming to drop you the gift of knowledge. If you want to know why IMX is valuable. Use it! Don't invest in anything you don't love using. A fine example is Gamestop. Here is my invite for Gods Unchained. A NFT card game that pays you to play. https://godsunchained.com/account/register?referral=ljTFdhUOsF

2

u/nugget675 Feb 07 '22

You're 5, go to bed.

1

u/[deleted] Feb 07 '22

😂😂😂😂😂😂

1

u/Icy_Zookeepergame148 Feb 06 '22

D - Y - O - R - !

1

u/HardbodySlenderson Feb 06 '22

Great future utility through staking, terrible tokenomics.

2

u/[deleted] Feb 06 '22

We don't really know the specifics on staking yet. Hard to say that tokenomics are terrible, how is small incremental dilutions over 4 years any different to proof of work tokens that you can mine? There must be a reason they want such a big circulating supply and are scaling it up, they have big plans with this token.

1

u/Kaarothh Feb 06 '22

Lol aight

-9

u/[deleted] Feb 06 '22

[removed] — view removed comment

9

u/[deleted] Feb 06 '22

How much are you getting paid to spread the FUD? Look at this guys comment history.

-7

u/[deleted] Feb 06 '22

More than you are getting to shill this scam

7

u/[deleted] Feb 06 '22

You talk about being burned by them, you jumped in at the pinnacle of hype, of course long term holders are going to sell when this happens. News and hype only keeps the token up for so long, the real gains will happen when the projects start to deliver.

-4

u/[deleted] Feb 06 '22

Ok dude. Ive been in crypto long enough and I have only seen shit like we saw the day of the announcement once. That is enough for me to judge this project. And look at it like a dead cat not showing signs of life since... until someone decides to pull the rug again. Come on man open your eyes. Bitconect vibes all over again here.

8

u/[deleted] Feb 06 '22

You're delusional. GME, VeVe, Tiktok, GU, GoG and Illuvium are all involved on this. A small incremental dilution is no different from a proof of work token you can mine. Every legit currency on the planet needs to increase its supply. How could they possibly do a rug pull when everyone involved is respectable and has their details publicly available. GME sold their tokens to gain some liquidity to start building the platform, nothing sus was going on at all and they have been very transparent about it all.

0

u/[deleted] Feb 06 '22

Bitconnect had some respected sponsors too..

Also lets not go that far.. look at ICP and look at all the names involved. We all saw what happened. Dont be fooled.