Thread by @playtern

1/ Playtern Thoughts 💭

A thread to catch you up on everything you need to know for the @Immutable Token Sale on Sept. 8

2/ For starters, @Immutable is the stellar team behind the games @GodsUnchained and @GuildOfGuardian

3/ NFTs on Ethereum have long been plagued with problems such as:

🔹 Low scalability (high gas costs price out users)
🔹 Poor user experience (tx take long and usually fail / frontrun)
🔹 Slow developer experience (since focus is building out the infrastructure)
🔹 Illiquidity

4/ So what is Immutable X?

Put simply, it's layer-2 for NFTs on Ethereum which features:
🔸 Instant trade confirmation
🔸 Scalability
🔸 Gas free minting / trading

all without compromising user custody

5/ Some projects that have expressed their desire to build on the @Immutable platform are:

@GodsUnchained @bfh_global @mycryptoheroes_ @mycryptosaga_ @RTFKTstudios @illuviumio @warriders @Blockparty @opensea

6/ Tokenomics

Total Supply: 20M $IMX

Ecosystem Development: 51.74%
Project Development: 25%
Private Sale: 14.26%
Public Sale: 5%
Foundation Reserve: 4%

Ecosystem development comprises:
1️⃣Daily rewards
2️⃣Developer grants
❗ Percentages for ecosystem dev not stated in whitepaper

7/ PRIVATE SALE

Seed Round (2018): $2.4M
Series A (2019): $15M

Notable investors include: @Naspers @GalaxyDigitalHQ @coinbase

8/ PUBLIC SALE (1M IMX)

👉 Option 1 👈
Date of Sale: Sept 8 17:00 UTC
Tokens sold: 400k @ $10 / token
Lockup: 6 month linear release starting Oct. 19

👉 Option 2 👈
Date of Sale: Sept 8 23:00 UTC
Tokens sold: 600k @ $15 / token
Lockup: 3 month linear release starting Oct. 19

9/ Statistics Post Public Sale

AVG Token Price (Public Sale): $13
Initial Marketcap: $23.4M
FDV after Public Raise: $260M

Initial marketcap calculation only includes public sale + foundation reserves (1.8M IMX)

Daily rewards were not included since % divisions were not stated

10/ Anticipated Token Circulating Supply Schedule

11/ Airdrop Program

100k IMX for early users (b4 July 22)
400k IMX for having completed 3 Gods Unchained In-Game Tasks

To see if you were eligible 👇
immutablex.medium.com/huge-imx-airdr…

Notes / Pod / Intern Squad 👇
@cmsintern @Darrenlautf @analyticalali @0xminion @wassiecapital @The_ReadingApe @degenism @0x4C756B65 @genpoor @jiminstupid @RenCryptoFish @zkchun @AnonNgmi @mevintern @delphiintern @PARADIGMintern @sandraaleow @0xminion @ahboyash

@PlayFutureFund @SnorlaxHODL @retripaladin @KenrickLuneX @Immutable