How much is the circulation of Immutable (IMX) currency?

With a circulation supply of approximately 2 billion tokens, IMX's market value and potential growth is significantly influenced by token circulation dynamics.

Dec 08, 2024 at 04:23 pm

How Much is the Circulation of Immutable (IMX) Currency?

Understanding Token Circulation

In the realm of cryptocurrencies, token circulation represents the number of tokens currently in active use within the ecosystem. Understanding the circulation supply is crucial for assessing a token's availability, market value, and potential growth.

Immutable (IMX) Currency

Immutable (IMX) is a decentralized protocol designed for gaming and non-fungible tokens (NFTs). IMX tokens empower users to trade, mint, and scale NFTs securely and efficiently.

Circulation of IMX Tokens

As of August 2023, the circulating supply of IMX tokens stands at approximately 2,000,000,000 out of a maximum supply of 9,000,000,000.

Token Distribution

The distribution of IMX tokens is divided among various stakeholders:

• Team and Advisors: 20%
• Token Sale: 15%
• Ecosystem Fund: 10%
• Game developers and Partners: 30%
• Strategic Partners: 15%
• Community and Liquidity: 10%

Estimating Token Circulation

To calculate the circulating supply, several factors are considered:

• Initial Coin Offering (ICO) or Token Sale: The amount of tokens sold during public and private sales.
• Token Burn: The process of reducing the circulating supply by permanently removing tokens from circulation.
• New Token Issuance: The creation of additional tokens that enter the circulation.

Significance of Circulation Supply

The circulation supply has significant implications for the token's valuation:

• Lower Circulation: Tokens with a lower circulation supply tend to have a higher value, as they are considered rarer.
• Higher Circulation: Tokens with a larger circulation supply may have a lower value, as they are more widely available.

Factors Influencing Token Circulation

Several factors can influence the circulation of IMX tokens:

• Market Demand: Increased demand for IMX tokens from users, investors, and gaming platforms can reduce the circulation supply.
• Token Utility: The utility and adoption of IMX tokens within the gaming and NFT ecosystems can positively impact their value and circulation.
• Platform Development: The growth and adoption of Immutable's decentralized platform can drive token usage and increase its value.

Conclusion

The circulation of Immutable (IMX) currency plays a vital role in its market valuation and growth potential. Understanding the token circulation, distribution, and influencing factors is crucial for informed decision-making in the cryptocurrency space.