Decrypt • Jun 06, 22
Ethereum NFT Game Illuvium Sells Over $72M in Digital Land Plots
The role-playing game’s first land sale on Immutable X yields a huge stash of crypto, even in a bear market for NFTs.
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Immutable has fallen by 1.23% in the past 7 days. The price increased by 1.35% in the last 24 hours. In just the past hour, the price grew by 0.97%. The current price is $0.60 per IMX. Immutable is 93.73% below the all time high of $9.50.
The current circulating supply is 1,167,293,573.49 IMX.
IMX is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, low fee transactions. IMX can be used for staking on Immutable X, voting on the future of the protocol, and paying transaction fees.
is a decentralized platform that uses advanced technologies to create simple products for people around the globe. Immutable aims to become a platform where people can read and write content without the fear of privacy endangerment, censorship, or expenses.
According to the , the platform plans to achieve its goals with the help of multiple networks such as , (BSC) network, InterPlanetary File System (IPFS), and many more. Immutable also intends to host all the data on IPFS for platform users. IPFS is a peer-to-peer file distribution system that aims to provide users access of all the browsers that are available on the market without installing any additional software.
The DARA is the native token of the Immutable which is available on the Binance Smart Chain platform. And, BEP20 is the token standard of DARA, used for creating or issuing on the Ethereum blockchain. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of on the blockchain. In addition, DARA is aiming to build a decentralized governance system to secure the ecosystem.
Thirty-six percent of the total token supply is distributed in public sale whereas 10% of it goes to the DAO fund. A is a type of organization that developers create to automate decisions and transactions. Moreover, 15% is distributed to the advisory fund and15% to the team fund. Twenty-one percent of the total token supply is kept locked in the DARA liquidity. And lastly, the remaining 3% will be utilized in marketing and promotion. is the conversion of an asset into traditional currency without impacting the market price.
Gigamesh is the founder of Immutable, and Louis Miles is the project director. According to the whitepaper of Immutable, the platform has a maximum total supply of 42,000,000 DARA coins. Also, the whitepaper was published on July 30, 2021.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Immutable is $694.60M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Immutable is $9.50. This all-time high is highest price paid for Immutable since it was launched.
Over the last 24 hours, the trading volume of Immutable is $16.11M.
The current circulating supply of Immutable is 1.2 billion.
The median time that Coinbase customers hold Immutable before selling it or sending it to another account or address is 61 days.
Immutable ranks 98 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 95% of Coinbase users are buying Immutable. In other words, 95% of Coinbase customers have increased their net position in Immutable over the past 24 hours through trading.
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