Exploring the Utility of IMX

Immutable X is an Ethereum layer 2 for NFTs and a popular scaling solution for what many consider to be the next generation of crypto games such as Illuvium, Ember Sword, and Guild of Guardians.

The Immutable ecosystem is underpinned by the IMX token, for which the dominant use cases are to bootstrap and govern the network and as a medium of exchange. Recently, there have been several developments within the Immutable X ecosystem that have provided additional utility but have also affected the token’s supply schedule. As such, this report will be broken down into 3 sections:

1. The tokenomics and supply schedule.

2. Staking and daily rewards.

3. Insights into the value accrual mechanisms for the token.

Toke