Is the IMX Token a form of investment?
The IMX token is not classified as an investment or a security asset.
For a detailed explanation and more information, please read our official disclaimer here.
Where can I purchase IMX?
You can do so through the Centralised and Decentralised Exchanges listed here in CoinMarketCap.
Will the Immutable team receive a part of the token distribution?
No, individual team members of Immutable X will not receive IMX tokens directly. The IMX tokens are issued by an independent Token Foundation, which is overseen by independent directors to ensure transparency and fairness.
Why is 25% of the supply minted and held by Immutable?
The 25% allocation is managed to simplify operational logistics for the protocol:
- IMX tokens are used within the Immutable X ecosystem.
- Unlocking tokens directly on Layer 1 (L1) and transferring them to Layer 2 (L2) would introduce unnecessary complexity.
Instead, all locked tokens are stored and distributed via a Time Lock Vault, a secure smart contract mechanism. Until distribution, the tokens remain in cold storage for maximum security.