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What is the issuance amount of ILV coins?
Immutable X's native utility token, ILV, has a fixed issuance amount of 2,000,000,000 coins, ensuring scarcity and preserving value over time.
Nov 26, 2024 at 09:48 pm
What is the Issuance Amount of ILV Coins?
Understanding ILV Coins
Immutable X (IMX) is a layer-2 scaling solution for NFTs on the Ethereum blockchain. Its native utility token, ILV, is central to the operation and governance of the Immutable X ecosystem. ILV plays a vital role in facilitating transactions, securing the network, and rewarding participants.
Issuance Amount of ILV Coins
The total issuance amount of ILV coins is 2,000,000,000. This supply is fixed and will not be increased through additional issuance or inflation mechanisms. The predetermined supply ensures scarcity and limits the potential dilution of ILV's value over time.
Distribution of ILV Coins
The initial distribution of ILV coins followed a specific allocation:
- Team and Advisors: 20% (400,000,000 ILV)
- Investors: 40% (800,000,000 ILV)
- Community: 25% (500,000,000 ILV)
- Ecosystem Fund: 5% (100,000,000 ILV)
- Staking Rewards: 10% (200,000,000 ILV)
The distribution aimed to ensure a balanced allocation among key stakeholders, foster community engagement, and incentivize participation in the network.
Benefits of a Limited Issuance Supply
The fixed issuance amount of ILV offers several benefits to the ecosystem:
- Preserves Value: The limited supply prevents excessive dilution of the token's value, maintaining its worth over the long term.
- Encourages Staking: The availability of a limited number of ILV coins incentivizes holders to stake their tokens to earn rewards, securing the network and contributing to its stability.
- Facilitates Governance: ILV holders have voting power in the Immutable X network, allowing them to participate in decision-making processes and influence the platform's development.
- Predictable Supply: The fixed issuance amount provides clarity and transparency regarding the availability of ILV tokens, fostering trust among users and investors.
Conclusion
The issuance amount of ILV coins is a key aspect of the Immutable X ecosystem. The fixed supply of 2,000,000,000 ILV ensures scarcity, encourages staking, facilitates governance, and provides predictability. This well-defined issuance strategy contributes to the long-term stability and success of the Immutable X platform.
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