Ethereum’s first layer 2 scaling solution, Immutable X, has announcement plans to begin its next staking campaign by July 31 on Twitter. As revealed, the staking campaign would last two weeks and end on August 13 at exactly 23:59 UTC.
As revealed, the staking campaign will manifest on Layer 2. However, the popular Layer 2 scaling solution reaffirms its commitment to continuously offer staking incentives to its users. He promises to work on improving the customer experience.
Additionally, Immutable X said that users must own at least ten IMX tokens during the staking period, which according to the protocol will allow users to earn rewards.
Similarly, Immutable X introduced a reward calculator. As revealed, this calculator will help users estimate their incentives. Additionally, Immutable X announces its mission to invest in a long-term and sustainable staking procedure. Additionally, he noted that the rewards must be equal to the original value means to ensure that the protocol and the token remain resilient.
Immutable X also announced a technique to ensure that the reward aggregation goal is equal to the actual source of value. The company said that IMX staking reward estimates are specified by protocol fees accrued through NFT transactions on its platform, which maintains a reasonable means of rewards through NFT transactions on the protocol.
Apparently, Immutable X has allocated around 50% of its total IMX token supply to community development to facilitate adoption of the protocol. Furthermore, he noted that its users are eligible to enjoy the protocol’s recorded successes.
Recall that a popular GameFi company identified as GameStop announced a partnership with Immutable X. As revealed, the two companies have reportedly raised over $100 million to support the development of the GameFi industry. GameStop noted that it leverages Immutable X zero gas fees to trade and mint NFTs in a carbon neutral environment.
According to Coinmarketcap, the native Immutable X token, the IMX token is trading at 0.8972. It also records a live market cap of $211,096,840.
Battle Infinity – New Crypto Presale
- Presale until October 2022 – 16500 BNB Hard Cap
- First Fantasy Sports metaverse game
- Play to Earn Utility – IBAT Token
- Powered by Unreal Engine
- CoinSniper Verified, Strong Proof Verified
- Battleinfinity.io roadmap and whitepaper