# The first phase 

By [hohuhu](https://paragraph.com/@creatordaocc) · 2022-06-30

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xcited to announce staking! The first cycle will start at \*1 July 2022 0:00 UTC\*. Move your IMX tokens to your Immutable X layer 2 wallet before then. Recent events like Celsius highlight the priority for self-custodial staking. Your assets should always be yours.

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*Originally published on [hohuhu](https://paragraph.com/@creatordaocc/the-first-phase)*