Immutable to Delay 125M $IMX Token Unlock to July 2024

Immutable to Delay 125M $IMX Token Unlock to July 2024
Source: Immutable

Immutable has announced to delay the vesting of 125 million $IMX in token rewards to July 2024 at a minimum, and change the unlocking mechanism to a linear monthly vesting schedule, instead of a cliff unlocking. Immutable co-founder Robbie Ferguson stated the move is intended to enhance Immutable's long-term sustainability.

He also revealed there are over 200 funded games built on Immutable. Meanwhile, he claimed that Immutable’s treasury has approximately four years of runway for its 270 staff.

Regarding its roadmap, the project plans to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) alongside cross-rollup liquidity. In addition, its ecosystem blockchain games are set to debut over the next 12 months.

Related: Immutable Launched zkEVM Testnet with 12 Games in Development

Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!

Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!

If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com

Source

Immutable X

Layer 2

NFT

In This Article

Related News
Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint Quantum Cats NFT floor price plunges 54% post-Taproot Wizards mint
Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles Blur’s decline fuels OpenSea’s market share surge amid broader NFT struggles
Sony’s Soneium debuts its first music NFT collection with crypto record label Sony’s Soneium debuts its first music NFT collection with crypto record label
Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2 Corn raises $8.3 million in community funding to push Bitcoin’s use on its Ethereum Layer 2
Sony’s Layer-2 Blockchain 'Soneium' Goes Live Sony’s Layer-2 Blockchain 'Soneium' Goes Live
Latest News More More
1 Day Ago Eliza Labs unveils auto.fun, a no-code AI agent launchpad with 'fairer than fair' token model
1 Day Ago Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
2 Days Ago Base scrutinized over promotion of token that briefly crashed 95%; says part of 'contentcoin' vision
4 Days Ago Layer 1 MANTRA's token falls 90% in sudden crash; team blames 'reckless liquidations'
4 Days Ago Canada to launch spot Solana ETFs this week: report
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open