IMX Quote of the Day $IMX continues to rise after a volume pull-up on March 7. Recent trading volume has increased significantly and is stronger on long volume than short volume. The current uptrend is healthy and there is no strong supply present to buy. Short-term target $3.39.
Mainly a compilation of white papers and community content, does not contain any investment advice Point 1: The cost of Temasek and Tencent's stake is approximately equal to the coin price of $0.25$. Point 2: The development direction of the project is the game public chain. Planning is big, but progress is still slow. Point 3: 2% tax on on-chain transactions, 20% of which is used to buy back IMX coins, which are slowly rewarded to IMX pledges and activists. Point 4: The economic model does not make sense
What is the subsequent market for $IMX? Mainly a compilation of white papers and community content, does not contain any investment advice Point 1: The cost of Temasek and Tencent's stake is approximately equal to the coin price of $0.25$. Point 2: The development direction of the project is the game public chain. Planning is big, but progress is still slow. Point 3: 2% tax on on-chain transactions, 20% of which is used to buy back IMX coins, which are slowly rewarded to IMX pledges and activists. Point 4: The economic model does not make sense Sources of profit. At the moment, the main source is transaction tax. 2% transaction tax is charged for IMX on-chain (market platform) transactions, similar to Opensea (2.5%). Of this, 1.6% is paid directly in ETH, while the other 0.4% is paid in IMX. Immutable X is a company, of which 20% is IMX coin business and the other 80% belongs to the company only. So if the company is valued at $2.5 billion, then the theoretical value of IMX is $500 million. The corresponding coin price is $0.25$. In addition, for consumers, IMX coins do not need to be hoarded for a long time in theory. Because the transaction tax is only related to the transaction amount ($ or ETH), and the transaction allows you to hold other coins are automatically converted to IMX. IMX coin price fluctuations do not affect his payment. In contrast, fluctuations in the coin price of ETH can seriously affect the amount of gas (denominated in USD). The pledge campaign hasn't started yet, and there's no word on when it will start (supposedly it seems to be this month?) Probably because the transaction tax is still a long way off. Some people in the community think it will start in the next month or two, and the wave of pledging is credited to those people.
Because the pledge proceeds come from transaction tax dividends, the IMX in the reward pool is distributed to all pledgers proportionally.
The prediction is that after the pledge begins, the likely script will look like this.
As coins are pledged, the circulation decreases
Immediately after the start of business, the demand for IMX coins, driven by the transaction tax, will be converted into buying orders
If the project owner does not sell coins at this point, the price will rise
Price increase will bring confidence, which will drive more buying 5, transaction tax dividend IMX coins will be released a little bit to the pledger. Some of them will come back out of circulation to become the selling pressure 6, long-term continuous release of coins will become part of the selling pressure
So the key to maintain the price rise is: confidence and transaction tax Davis double strike, more than the dividend coins and release coins brought about by the selling pressure. If this part of the rise occurs early, it may be before and after the start of pledging; if it occurs late, it may come out at the stage when the transaction tax dividends expand.
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