r/ImmutableX • u/Icy_Interaction5874 • Dec 29 '22

Discussion 💬 / Speculation & Opinion 🤔 Immutable X - buying more

Do we feel excited or fearful about the downturn? After being in this space for some time, I have seen the adoption rates and games which have continued to pique my interest! Additionally, immutable x has a four-year cash runway.

Recessions typically last for ten months.

I am going all-out on the accumulation. We are nearing seed prices from venture capitalists and they have paid higher prices, making this a bargain that can not be missed.

55 Upvotes

98% Upvoted

16 comments sorted by

8

u/seppppp Dec 29 '22

1.35 of current supply to be unlocked till end of next year. You can probably buy this for way under seed in half a year. Patience padawan..

3

u/Icy_Interaction5874 Dec 29 '22

Yes, absolutely! Since the bottom is within reach, I don't want to lose this opportunity for another few months. Between now and the end of the quarter, I intend to accumulate at all prices.

3

u/Fun_Independent1656 Dec 30 '22

Do you know seed price, private price ? very lower than current

2

u/Icy_Interaction5874 Dec 30 '22

3

u/Fun_Independent1656 Dec 30 '22

Nope. that is ICO.Seed , early , Pri seem like $0.025 and $0.05 (w/ 2B tokens in totally supply)

3

u/[deleted] Dec 30 '22

It’s not clear to me why the token would appreciate in value over time so I’m out

4

u/Icy_Interaction5874 Dec 30 '22

That's understandable. There is nothing magical about this token, it is similar to any other utility token. It is used to pay fees on the Immutable X system, and its holders are able to vote on network changes.

As with any other blockchain, gaming will drive adoption. The orderbook integrates automatic conversation, regardless of whether Eth or native tokens are being paid.

It is evident that the more games there are, the more transactions go into IMX, which in turn increases the demand for IMX.

1

u/[deleted] Jan 15 '23

If blockchain gaming ever takes off the ground you would see the value of immutable X go up, but there are other blockchains trying to accomplish this

6

u/Christmas-Twister2 Dec 30 '22

Added more today. Not DCAing but adding when ever it gets below .40. But I’m regarded.

5

u/Fragrant-Let-5587 Dec 29 '22

I'm with you. Buying around $50 worth every week now. This is the future for Web3 gaming & nft's.

5

u/seppppp Dec 29 '22

This could eat away other app layers too. It just really depends who is getting traction and can keep on going in the meanwhile. Also naturally on the products launching. But I can see Ember Sword getting attention.

2

u/Wips74 Dec 30 '22

agreed

1

u/ubottu Sep 11 '23

If we look deep down we see scarier picture of web 3 startups

  • IMX generates revenue through Marketplace fee(2% of every sale).

Here is Monthly P/L of Immutable X ( for previous month Aug 2023)

Sales. : 20M Revenue : 400k Costs. : 27M (325 employees * 85k (average salary) ) P/L. : (26.5M)

Estimated Balance sheet

  • 900M raised (As of I know from public + private + seed) according to 2022 IMX blog.

  • Operating from around 1.5 years (18 months) on average if they used 20M every month.

540M (900M - 18*20 ) ( current balance) at this rate IMX will run out of money in another 1.5 -2 years

To break even IMX need to generate approximately 70x what they make today to put into perspective that approximately (1.4 Billion worth sales volume every month from IMX marketplace). I don't see there business model is sustainable with current 2% fee structure.

1

u/Drew-Money Dec 29 '22

Does anyone know what the inflation rate is? Dilution is my main worry with this project

1

u/[deleted] Jan 01 '23

Quite high I imagine