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GameStop and Immutable Announce Trading Rewards and Staking

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Ladies and gentlemen, the moment you’ve all been waiting for…

The GameStop NFT Marketplace is live on ImmutableX! This represents a huge milestone in bringing web3 gaming to mainstream players. Not only will this integration unlock some of the biggest web3 games in the world which are currently being built on ImmutableX including, Gods Unchained, Guild of Guardians and Illuvium, it also allows for 100 percent gas-free and carbon-neutral minting and trading on the GameStop NFT Marketplace.

To celebrate this partnership, we’ve selected GameStop to be the next featured marketplace in our Trading Rewards Spotlight program! GameStop will be offering 0.2% marketplace fees during this event and Immutable will be offering $IMX to traders. Trade NFTs on the GameStop marketplace and earn $IMX. Track GameStop marketplace volume here.

Additionally, GameStop wallets will be eligible to stake $IMX through Immutable’s Staking Rewards program. This represents another way for the GameStop community to earn even more $IMX! IMX Staking Rewards currently offers over a 20% rewards rate. 

The Partner Spotlight is a special edition of Trading Rewards where we reward our community for showing some love to our partners. Our partners, everything from games to marketplaces, are a critical part of the ImmutableX ecosystem and we are genuinely invested in their success. We’re excited to welcome GameStop and their tens of millions of gamers to the ImmutableX community! 

The GameStop Spotlight includes all of the same mechanics from the Trading Rewards program, but only trades on the GameStop marketplace will count towards your Trading Rewards eligibility. Trades on any other marketplace will not be eligible for Trading Rewards.

The GameStop Spotlight will run from November 2nd at Nov 2nd 0:00 UTC to November 16th 0:00 UTC - Here’s how it works:

1. Make sure you have a registered wallet on ImmutableX or GameStop.

2. Each day you trade (buy or sell NFTs) $10 USD or more of an Eligible Collection on the GameStop marketplace will result in IMX tokens delivered to your wallet.

  • The Eligible Collections list is determined by assessing the quality of the NFTs, community engagement, royalty fee, and other criteria deemed relevant.

3. At the end of each day, you’ll be rewarded IMX tokens based upon the proportion of your eligible trading volume to the total eligible trading volume on GameStop.

  • Eligible Trading Volume = Buy amount + Sell amount + Fees.
  • For example: In a given day, if there is $1.8M in eligible trading volume on GameStop and your eligible trade volume is $18,000 (1% of eligible volume), you would receive 1% of the IMX tokens rewarded on that day.

4. The daily amount of IMX tokens available for distribution as rewards will depend on the total transaction volume (buy volume + fees) on GameStop that day. Here’s how the rewards will scale linearly during the GameStop Spotlight:

  • If the total transaction volume on GameStop is less than $1,00,000 USD, 800 IMX tokens will be rewarded for every $10,000 USD in transactions.
  • After the $1,00,000 TTV threshold is reached, 66 additional IMX tokens will be rewarded for every $10,000 increase in TTV.
  • A maximum of 100,000 IMX tokens will be rewarded in a single day.
  • Total transaction volume on GameStop is in reference to actual volume shown on the Trading Rewards Dashboard.
  • For example: In a given day, if $1.8M in total is transacted on GameStop (buy volume + fees), 85,280 IMX tokens will be rewarded.

5. While token rewards will be calculated daily, your daily earnings will be distributed cumulatively each week by end of day Friday UTC

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