Token Unlocking of Immutable X
According to reports, Token Unlocks data shows that 18075990.62 IMX tokens of Immutable X will be unlocked at 18:00 Beijing time on February 25, with a value o…
According to reports, Token Unlocks data shows that 18075990.62 IMX tokens of Immutable X will be unlocked at 18:00 Beijing time on February 25, with a value of about 18.78 million US dollars, accounting for 0.904% of the total supply (2 billion). Among them, 9615385 were unlocked for project development and 8460606 were unlocked for private sales.
Data: IMX tokens worth nearly 19 million dollars will be unlocked on February 25
Interpretation of the news:
The recent unlocking of 18075990.62 IMX tokens of Immutable X on February 25, 2021, has created a buzz in the cryptocurrency world. The value of these tokens is estimated to be around 18.78 million US dollars, which accounts for 0.904% of the total supply of 2 billion. This news was shared by Token Unlocks data, indicating that the tokens were unlocked at exactly 18:00 Beijing time.
According to reports, the unlocking of these tokens was mainly for two purposes – project development and private sales. Among the unlocked tokens, 9615385 were reserved for project development, and 8460606 were designated for private sales.
The unlocking of tokens is a crucial event in the cryptocurrency world, as it directly influences the price of the token. In this case, the unlocking of IMX tokens was closely monitored, as it provides an indication of the future value of the token. The unlocked tokens have now become available to the public, allowing investors to trade in them, which will affect the overall market price.
Immutable X is a popular layer 2 scaling solution for Ethereum, which leverages the USDC stablecoin to create faster and more affordable transactions on the Ethereum network. This platform is designed to address the scalability limitations of Ethereum and is rapidly gaining popularity among investors.
In conclusion, the unlocking of IMX tokens plays a significant role in determining the future market value of the token. With 0.904% of the total supply now available to the public, investors will have a chance to trade in the tokens and influence the overall market price. This unlocking could be a turning point for Immutable X, as it gains more attention in the cryptocurrency world.
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