This year, the growth of the NFT space and the Immutable X platform has been even more insane than we imagined. With potentially millions of users trading daily on the protocol, and partners like TikTok announcing that they will mint NFTs on Immutable X, we want to make the network as accessible as possible.
Therefore, as of 22 October 2021 midnight UTC, we are performing a supply split of IMX pre-launch so that every 1 token is now worth 100 (here is the new token contract). Supply will be increased proportionally, so all allocations and users will receive the same percentage share of IMX. To be clear, for those who have already participated in the IMX token sale or Play-to-Earn campaign you will receive the same share of the total IMX token supply as before, but 100 times the nominal token amount. For US participants of the Play-to-Earn campaign, your USDC dollar value will still remain the same.
This update will enable a better user experience as users won’t have to deal in small fractions of an IMX — e.g receiving 0.01 IMX as daily trading rewards or using 0.0045 IMX to buy an NFT. Ensuring users do not have to manage with nominal numbers aligns to our vision of pioneering seamless crypto experiences for everyone and will help mainstream network adoption.
You can read our latest whitepaper and website, where we have updated the IMX token supply cap from 20M to 2B.
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This communication is not for distribution to U.S. newswire or similar services or for any dissemination in the United States. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, IMX Tokens to any U.S. person (including, without limitation, any citizen or resident of the United States) or in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
Please see our website for full legal disclaimer here.