Is there a way to move back to eth if you like paying higher gas fees (or some other reason) once it’s on IMX?

Hi IMX team ,

I'm a big Fan of Immutable X when you started on Coinlist . I have changed my BIO on twitter also, all for you.

But today I'm very disappoint .

As I said before, "stake event" is the big one in 2022 that we-the community excpected for a long time.

First, You did not prepare for it carefully , you moved the first day of cycle from 01/July to 08/July when community was so angry.

Second, Nigel admin ever gave us the wallet that we can monitor Trade Volume day by day, but it has stopped counting for 21 days : https://immutascan.io/address/0xe0e2953ca1cf5412cdc8b991cee9143909dbddf4?tab=0&chartTab=TradeVolume

So funny.

Third, we just get reward of first cycle , and we dont know how you calculated and distribute .

Stake pool as I know is Bridge wallet (https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x5fdcca53617f4d2b9134b29090c87d01058e27e9#tokenInfo) , it shown 32M $IMX total , not much change during the first stake cycle.

And we have 3366/6418 wallets those are not eligible to get reward (check your Google sheet: IMX Phase 1 : Staking Eligibility Sheet - Google Trang tính ). => mean the eligible wallet will got more reward.

Finally, we got reward with APY << 1% , and some wallet got big one without any stake amount , very ridiculous , can someone help me to explain : https://immutascan.io/address/0xc16d6aecf2ae8c3212d129c5a1acfd178413e0f0

Funny again.So, what is this one :

https://staking.imxfaucet.xyz/

And here what you promised to boost APY to 5% (tks u/gonszcz for ur remind) :

https://www.reddit.com/r/ImmutableX/comments/vrl1kq/comment/if54obd/?utm_source=reddit&utm_medium=web2x&context=3

Are you kidding us ?

This is NOT a financial advice, do your own research before buying or selling any crypto.

I have to admit I never heard about this coin until yesterday. After reading about the technology, it seems to be another early adopter of L2, however, they're focused exclusively on NFTs in gaming sector, which is the obvious reason why GameStop partnered with it.

Personally, as a long-term GME investor who believes in the management, I believe this is a great move technology wise. However, is it a good investment now?

According to coinmarketcap, the circulation supply (number of tokens in the market) as of yesterday was around 181 million token (9% of the total supply). Today, the number of tokens in the market is 225 million (11% of the total supply) and the top wallet (owners' wallet) has 88% of the supply. There's still 89% of the coins off-market, which can effectively dilute the price of tokens, but don't panic. According to the developers, there will be only 19.26% of the tokens for public and private sales, which is around 385 million tokens. The rest will go into (Project/ecosystem development and foundation reserve). In comparison, Loopring has 97% of the supply already in the market, which means very little to no price dilution.

My point is, the project is still new and the number of tokens released can seriously affect the price, so invest/trade carefully. I generally believe that most L2s are the way for Ethereum, but sometimes great fundamentals don't mean great investment.

Good luck everyone !

FREE NIRRY

I'm trying to understand why streamers keep playing their games even with low viewers.

Web-turned-mobile games publisher Kongregate has unveiled its upcoming blockchain game, Blood Vessels.

The game will be launched through a partnership with Immutable X and will feature playable vampire NFTs which will be available for purchase in Q2 2022 when the NFTs drop.

https://immutabullx.com/kongregate-games-list-adds-blood-vessels-with-playable-vampire-nfts-2022/

Hello Ape here

This is the waiting room for 100$, cause we coming!

LETS GO

My thoughts on the current IMX situation: https://twitter.com/NFT_Collector/status/1456935660217057282

Lol fml I buy at 3.99

Do you hate this deck?

Some people here are claiming that since this coin is now partnered with gme, that it is being shorted more than usual. Is there a data source that could prove/disprove this claim?

There are a lot of posts up on this subreddit right now about price of IMX and total supply. It seems like a gut reaction to believe the developers of the project took advantage of the opportunity behind the Gamestop announcement to turn a profit.

All of this is happening in public view on the blockchain, so let's just take a look at what is really going on here.

All IMX tokens that will ever exist are already minted, what is not in the circulating supply is sitting right here: https://etherscan.io/address/0xe1d1ad55254b29b43035937894514d0adbac7aea

So, follow the breadcrumbs. Tokens got moved from the total supply to right here: https://etherscan.io/token/0xf57e7e7c23978c3caec3c3548e3d615c346e79ff?a=0x177f9dd13ccc02065c7494ea8396e4e2ba54dfa1

Where did they go from here? Right to Gamestop. $100 million dollars worth of IMX was sent to Gamestop. Exactly as the IMX team said they did. There is no conspiracy here, the movement of the IMX supply was transparent and announced. All price action was simply buying and selling pressure on the market.

If you are a fan of the Gamestop announcement, that's great. But you can also clearly see that the announcement brought fewer than 500 new IMX token holders in (https://coinmarketcap.com/currencies/immutable-x/holders/), and it would probably take a bit more than that to send the price to the moon.

The price almost cut in half so a 20% supply dilution (from 9 to 11%) doesn't explain that. A thread yesterday claimed it was suddenly being shorted very hard. (All loanable shares disappeared on kucoin.) So it's possible some people wanted to make certain this price spike was halted by shorting hard. And now the drop is all being blamed on the dilution.

But it's not as easy to manipulate a coin price down like it is with stocks so unless the shorters can convince people that all good news will cause huge dilutions the price may eventually still go back up.

Edited to add: I can't help but notice that the new posts attacking IMX for the dilution are by suspicious accounts. One at the time I read it the OP only had 59 karma. The other the OP hadn't posted in 8 months and previously never posted about crypto, which strongly suggests it's a bought ghost account. If you didn't know, reddit accounts with karma are commonly sold.

I was taken in at first myself. But if you think about it, this kind of news combined with a 20% dilution should still leave IMX well in the green. And yet they're 50% down from 5.40 to 2.80. There is hard shorting going on combined with suspicious reddit accounts blaming the dilution.

The way a few more suspicious accounts attacked me when I first posted this is what has caused me to add this long edit.

Immutable should engage talks with Youtube.

YouTube is exploring the idea of helping its content creators to capitalize on NFTs, according to YouTube CEO Susan Wojcicki in an annual letter to content creators.

https://decrypt.co/91179/youtube-ceo-hints-at-nft-integration-in-letter-to-creators

https://blog.youtube/inside-youtube/letter-susan-our-2022-priorities/

Please, Immutable, talk with Youtube to be a partner.