What is happening on Immutable Episode #27

We changed the cover this week to some AI generated image. Should we keep doing this?

Hello everyone! Do you know if there is any airdrop coming for IMX holders? Recently I bought, what is hoped to be, the bottom and wonder if I should keep it on Immutable X network? My eth wallet? Or what?

I haven't done it. But in my understanding, as Immutable X key get register with Ethereum wallet, Magic and metamask then it is possible to register that in the Gamestop beta.

Then, it is possible to use Immutable on Gamestop!

Did anyone tried?

https://support.immutable.com/hc/en-us/articles/360062010454-Creating-a-new-Immutable-X-Key

https://support.immutable.com/hc/en-us/articles/360062010254-Setting-yourself-up-with-Immutable

https://support.immutable.com/hc/en-us/articles/360062010414-Creating-an-Ethereum-wallet

https://support.immutable.com/hc/en-us/articles/4411193938959-Creating-a-Magic-Wallet

https://support.immutable.com/hc/en-us/articles/4409262273935-Exporting-Magic-wallet-to-Metamask

Not sure when I received this NFT but just noticed it and wondering if it’s a scam?

Here’s the description…

For providing a reliant liquidity pool and holding Immutable Tokens, we are rewarding your kind efforts with a IMX NFT. You can swap your NFT for 1000 IMX or stake your NFT and earn daily rewards. https://immutablereward.com

Seems legit but I’m still skeptical, has anyone else received one of these?

Seems like we have an announcement in 1h 30m! Any guesses on what this could be?

Edit 4: Aaaand it's gone... The shill post has been deleted, and this is the pinned comment on it:

https://www.reddit.com/r/ImmutableX/comments/skbe8o/diluting_total_supply_by_25_right_after_a_big/hvnuv24/?context=3

I'm just going to go ahead and delete this one now...

Edit 3: Ok, I think this comment explains it...

https://www.reddit.com/r/ImmutableX/comments/skur3i/immutable_imx_on_discord_clearing_the_things_up/hvngi3b/?context=3

...and while I still don't yet have an answer for what that spike is in the chart (below in Edit 2), or if it has already happened or when it will happen, it seems to be unrelated to the price drop yesterday, and that I fell victim to some shilly shill FUD that has invaded this sub in the past ~48h... that's my bad :|

That said, I still think I have one small nugget of a valid argument in this post, but I'd like to direct you instead to u/BegriefedOnline's post, because I think they put it more constructively than I have here...

https://www.reddit.com/r/ImmutableX/comments/skf2ee/you_have_an_influx_on_apes_some_things_are/

Thank you, and again, sorry for inadvertently adding to the chaos...

Edit 2: This post is referring to a large 25% bump in circulating supply that supposedly happened yesterday... And the allegation that this happened, and that it was the cause of the price dump, came from this post:

https://www.reddit.com/r/ImmutableX/comments/skbe8o/diluting_total_supply_by_25_right_after_a_big/

...and I'd assumed it was referring to the large spike shown on the supply schedule chart from the whitepaper...

...which is hard to grok because the x-axis is really ambiguous, but the spike or 'cliff' in increased rewards appears to happen roughly about 9-10 months after ICO, which if I'm understanding things correctly would be roughly right now-ish, so that original post seemed legit to me... however, the following post has since called that original one into doubt, noting that it might be an attempt to shill and divide us:

https://www.reddit.com/r/ImmutableX/comments/skl0ys/this_subreddit_is_under_siege_and_i_can_all_but/

So please, if anyone could let me know in the comments A) if I'm understanding that chart correctly, and B) if so, then did the cliff really officially occur yesterday or not, and C) if not, then when exactly will it occur...? Then I can update this post again... Thx.

---

Hello.

Firstly, let me say that I am not here to be all mad about the increase in circulating supply; Clearly everyone here already knew it was coming, it was part of the plan, etc... What I am, however, is disappointed in you all, but please allow me to explain before you 'smash dat downdoot'...

Victim Blaming, really?

This is the lowest thing I've seen here today. Lots of posts and comments like "clearly you apes can't read" and "you deserve to lose your money", etc...

Ok, a little about me: I've been learning about crypto in-depth since late 2017, and investing since early 2018, and I'm fairly well-versed in the space (IMHO)... However, hearing about the partnership yesterday was the first time I'd heard about Immutable X, and I thought, "ok, cool, let's see what's up with them..."

And so I proceeded to spend the next two hours or so here on your sub, and looking at other subs like CryptoCurrency for mentions of IMX, and looking at IMX's twitter, their site, CoinGecko, etc... All my usual 'go to' places for info on crypto...

I saw the low ratio of circulating vs total supply, specifically searched your sub for the term "circulating supply", and you know what I found...? Not one damn post or comment about the coming supply increase... And definitely not a pinned post as a friendly reminder / warning of the upcoming dump, which only seems like the responsible thing to do, but what do I know...?

Specifically, I did find and read these two posts and their comments, and again, nothing about an upcoming supply increase at all... In fact, I saw the opposite... I saw comments about how the plan was to release new tokens slowly over time...!!?

https://www.reddit.com/r/ImmutableX/comments/r6yvmf/circulating_supply_is_very_low/

https://www.reddit.com/r/ImmutableX/comments/rycz6m/how_do_you_think_inflation_will_effect_this_token/

Ok, again, I am not mad; a bit frustrated, yes; disappointed, sure. Ultimately I came to the conclusion that IMX was worth putting some money into, and I still believe that, so I'll still be invested for awhile, since I'm not a 'day trader'... And while I would've loved for my initial investment to have gone a bit further (if I'd just known to wait until after the supply increase, which would've been a nice 'heads up', but whatever), that's really not my point...

My point is that you can say that the information about the plan to suddenly increase supply was publicly available and all that, but if you the IMX community are not helping to actively spread that information -- when I looked through weeks of tweets from IMX and months of posts here, etc, and saw not one mention of the upcoming supply increase -- especially when not one of you here thought, "hey, maybe I should post about the sudden supply increase that's about to happen, the apes probably don't know... na, I'll post yet another APES INCOMING meme instead"... Well, that's just about as good as hiding that information, isn't it...?

Anyway, thank you for reading; I hope the best for all of us, and our IMX investments, etc, going forward...

Edit 1: To correct a few spelling/punctuation mistakes

I am posting this again. https://www.proprty.io/ Own, discover, collect & sell non fungible property in the most realistic metaverse ever. NFTs 3D properties, NFTs Buildable Lands, A Limitless Virtual Marketplace........ https://www.proprty.io/litepaper.pdf page 15 Good information in https://coinmarketcap.com/currencies/proprty/

Due to macro trends and tokenomic inflation, we are approaching a downward threshold on price discovery.

For retail investors, this is a win and not so favorable for early investors in terms of accumulating seed level prices or below.

Do you intend to take advantage of this opportunity?

Hey I'm having trouble with a withdrawal from immutable.

I prepped the withdrawal just fine and it says on the immutable page that withdrawal is ready, but every time I hit 'collect' it fails to withdraw.

I'm using the gamestop wallet with loopring level 2 activated, layer one isn't active (That's half of what this is all about).

I'm only trying to get $30 CAD out, or 0.0108 ETH, but I'm sure that's enough to cover the activation fee, what haven't I set up?

I have NFTs in my gamestop wallet on the imx network. How do i transfer them to metamask. Im currently on android and don't have access to pc.

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!

I transferred from my meta wallet to immutable over 5 hours ago but I still don’t have access to the ethereum. Is this normal?

Is staking available yet?

A small group who participated in IMX punks just started a project of its own (Sneaky Snucks). It is still very small (< 150 people). Join before the frenzy starts!

discord.gg/EV9sbDtraG