GME received $100m in IMX as part of their partnership with ImmutableX. Immediately after the announcement as the price pumped, they dumped $30m of this on Huobi and Binance. Text book insider trading: They used the announcement to pump and dump IMX.
That quote is from the article, but it's been known since the beginning of the year that IMX is GameStop's primary DLT platform. As for exactly which parts are provided to Loopring and IMX, that's unknown to the public since Gamestop has been purposely ambiguous about it. Tons of speculation; almost no definitive answers.
Holding most because I'm at a deep loss and hoping against hope they will rise again. Buying ATOM, SCRT, JUNO, BNB, LINK, ALGO, AVAX, LRC (my biggest loss and biggest hope...) and IMX.
Wow what a beating that and imx have taken. I mean I could see being into LRC still, at least they've survived a couple bear markets but can you imagine being dumb enough to be in IMX still? Imagine all the people who fomo'd into these projects at their ath and are now just bitter miserable people.
It’s going to be used for all transactions on the upcoming GameStop NFT marketplace (released sometime this summer). It is a full defi/gamefi solution, and they’re partnered up with game companies for content, which includes IMX/Gods Unchained. It’s also cool tech, layer 2, low cost transactions, ethereum security, and fast. Solves a lot of problems.
Eth will be Gucci because of the ecosystem it has around it. GameStop is already partnered with Loopring and IMX, with LRC powering gamestops NFT marketplace and IMX offering up to 100m worth of grants for blockchain game development. Once the great capitulation happens, I just named the 3 I’m going heavy in.
Exodus or Guarda wallet. If you hold a large sum of BTC, then go for Ledger or Trezor hardware wallets. LRC and IMX are ERC20 I believe, so Exodus should suffice. I would've suggested Metamask but it's pretty centralized given that they're able to block users from certain countries from accessing their wallets.
I have been holding LRC since it was $0.51. if we get back near $1.00 I'm selling my lot. Thankfully I sold off about half at $3.00 so I am not in a bad spot, just lost gains. There will be no exploding anytime soon. I do think that if GameStop can get some actual functionality out of an NFT marketplace, that LRC and IMX will survive whatever market is coming whether it is a bear market or full on crypto winter. I will just DCA into BTC hold my other coins.
Look at the functionality and real world applications of the tokens. This is where the separation becomes evident. Look at IMX, look at Loopring L1-L2 applications, any other tokens that have an ability to Segway from regular markets, to crypto markets. It’s just like the dot com era for those who remember. Only the few with real tangible usage survived. For as much as I dislike Amazon, for that time Amazon provided goods and services, easily accessible. Similar to how ZkRollup, Loopring IMX , monero are doing now. If I was a betting man, that’s where I’d put my money.
Gonna filling my bags a bit because its part of my long term plan, IMX - been waiting to get in under a dollar, LRC, two for a dollar loop special right now. If they go lower I will be happy to buy more at these prices, personally.
All sound good except for SOL. I used to hodl SOL but with the issues they’ve been having lately I transferred it over to ETH. I would switch SOL for IMX. It’s a very solid project and with the upcoming connections with GameStop, it’s bound to blow up
Am I the only one expecting big returns from IMX Immutable X? Averaging into algo ada imx btc eth cro one hbar dappradar lrc and gods. Hopefully we follow the same template as always and we let bitcoin move first and then rotate profits into alts...
“Cough cough” you mean LRC? IMX is just another ETH token in which they have massive deals with gaming companies and sponsorships. LRC is the L2 backbone and infrastructure of GameStop Marketplace. IMX just advertises and is able to get players/gaming companies in the space legally.
Also think about business adoption another chain would mean building directly on the L1 network vs Ethereum’s scaling approach which is basically being your own compute and we provide the security and data availability. If you look at DYDX and IMX these are both zk based off chain compute and can handle high volume without breaking and take up a fraction of the gas block. No reason companies couldn’t just fork their own L2 and bring their own hardware.
Users could 'deposit' the NFT into an L2, mint buy sell trade for no fees. To 'withdraw' it back to L1 would occur a gas fee. If the L2 isn't Kraken then it's a good approach. I think that's what Gamestop and LRC+IMX are doing too. Most/all NFTs should exist on L2 ecosystems anyway. So it wouldn't be off-chain exactly since the data could be called on-chain at any time.
This is dead on, have an upvote. I am invested in projects that will help Ethereum scale, like NEAR, ICP, Polygon, IMX, and L3P. The issue is that for Ethereum 2.0, which may come 5-7 years from now, sharding requires a beacon chain. This beacon chain means that transactions can only occur as fast as the beacon chain can process them. So we might have 10 shards running at 15 tps each, that gets us to 150 tps but if the beacon chain only runs at 100 tps, that's as fast as it will go.
Over the course of the next couple years, he’s gonna enjoy IMX returns. I haven’t gotten into Gods Unchained enough to dive into the GODS value proposition but it having such a head start in the NFT and gaming space has merit.
They plan to launch the NFT market in July. Crypto isn't used to actually doing that. People in the crypto space don't take timelines, deadlines and accountability seriously. The crypto space is delay, delay, delay, and this is for some reason completely acceptable in crypto. It is not acceptable in real business. If they actually launch in July I would be beyond surprised, but I just see delays racking up and large investors drilling LRC and IMX into the ground because of it.
Bitcoin is one investment I wish I had made way earlier, but I believe the time lost cannot be recovered, but never say never. I'd rather buy bitcoin for $15k, especially now that it's on the cheap, then the outstanding $5k for some mid- to low-cap stocks like GMT, IMX, and DKT, just to take advantage of the market downturn
You mentioned that you are not looking at BTC or ETH, despite the fact that they are good picks and that it is a good time for DCA. I bought the dips recently anyway, and I suggest you look into some mid to low cap projects with growth potential and active communities, such as GMT, IMX TOWER, and DKT. I strongly advise you to DYOR when deciding what to buy, especially in such a volatile market as this.
I really enjoy seeing how speculation works. Yesterday with Musk rumors buying Twitter I loved how it pumped a bit but when the rumor was confirmed it pumped more. Same happened with LRC and IMX and other coins. Speculation amuses me.
IMX. Aped in end of November around the peak around $7.70 or so, dropped down to $1.15 or so (85% drop), now at around $1.60 (80% down). Lost multiple six figures. If there's any silver lining, I'm much more desensitized to price movements.
Rate my bag: Blue Chip (65%): BTC, ETH Solid (25%): SOL, LUNA, AAVE, AR Roughies (10%): XRP, IMX, VRA I want one more roughie, if anyone has any suggestions. I like HBAR but it hasn't done anything for ages.
I have a question, I never used an exchange, I never traded crypto, I simply bought some eth at one point and sat on it, it was worth less than what I paid for it at EOY. Do I have to do anything with that? I was airdropped some IMX and Gods for helping beta test their platform, I've been told I simply report that as "other income" based on the price of the coin when it hit the wallet. I never sold those coins, they've simply sat in my wallet. Is there anything I'm missing here?
Polygon is not at all a layer 2. It's a sidechain, that's a fact. Vitalik is not bullish at all when it comes to separating data layer and security layer which is what sidechains are. He is bullish on actual layer 2 rollups, but the best rollups are zk rollups like loopring/IMX. Comments and people upvoting your comments are exactly why this sub has turned to shit and why I hardly come here anymore. Your just hurting every new user or person that wants to learn. Folks, please DYOR and never take comments on face value, that includes mine.
I would go for the 6-10 portfolio personally. Though if you are starting out, I don't think it is bad to just concentrate on accumulating BTC and ETH to begin with. Especially in a bearish market. My personal split is: * BTC/ETH - 70% * Top 50 - 20%, my holds are currently SOL, LUNA and AAVE. * Low MC Roughies - 10%, my long shots are currently IMX and VRA. Coins can come and go from the 20% and 10% holdings but generally if I get profit from one, I put that back into BTC or ETH and start again when there is a dip. I might pick up another couple of low cap roughies if the market starts pumping again.
Diversify and move large portions around before hype happens when I think it might happen for inter day trading. Always keep some ETH and Doge on hand. Current possible hype catalysts ETH 2 at some point XRP cause it looks like they might win LRC and IMX cause GME apes go hard CRO for the World Cup Doge for Doge-1 a moon mission with SpaceX paid in Dogecoin mission date not yet announced.