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Token Unlocks Show Release of Immutable X Coins

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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…

Token Unlocks Show Release of Immutable X Coins

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 news from Token Unlocks about Immutable X is making rounds in the cryptocurrency and blockchain communities. According to reports, at 18:00 Beijing time on February 25, 2021, 18075990.62 IMX tokens will be unlocked. The tokens have a value of roughly 18.78 million US dollars, which accounts for 0.904% of the total supply of 2 billion IMX tokens.

Amidst the release, 9615385 of the coins are being unlocked to fuel project development pursuits while the remaining 8460606 will be unlocked to facilitate private sales. These sales are critical in scaling the position and reach of Immutable X in its industry.

Immutable X was developed to promote the efficient and secure transfer of non-fungible tokens (NFTs) on Ethereum’s blockchain. It is considered one of the leading platforms for NFTs by some crypto enthusiasts, thanks to its impressive transaction speed, low gas costs, and other high-end features. It’s worth noting that throughout the year, various NFT projects have been looking to scale their availability and promotion using the Immutable X platform. Also, the platform announced its $60 million Series B funding round with essential investors such as BITKRAFT Ventures and Sequoia Capital.

Looking at this development from a broader point of view, it’s worth noting that similar releases like these can have a profound impact on the crypto market. The release of 0.904% tokens from Immutable X could potentially cause market fluctuations, creating ripples worldwide that can bring about further changes. However, these fluctuations can also pave the way for traders to earn profits, thus making it an exciting period for crypto enthusiasts worldwide.

In conclusion, Token Unlocks’ reports are a significant development in the cryptocurrency and blockchain communities, as they signal market fluctuations and crypto enthusiasts’ future earnings. As the Immutable X token release period approaches, it’s essential to keep track of how the situation unfolds in the coming weeks.

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