Immutable launches Trade to Earn Program

The Trade to Earn program started on July 27th and ends on August 10th, giving away 40k IMX tokens every day to users who trade NFTs on the Immutable X order-book.

Jul 31, 2022
by Dragan
Immutable launches Trade to Earn Program
News

Immutable has launched a Trade to Earn Program for its Immutable X NFT platform.

The Ethereum-based Layer 2 platform has started rewarding 40k IMX tokens every day from July 27th to traders who meet the necessary requirements, with the program set to end on August 10th. To qualify, users have to trade $10 or more on the protocol’s Global Order Book, meaning that there are some NFT collections that do not count. Both buying and selling NFTs count towards a user’s trading volume. When buying an NFT, the fees paid as a buyer also count towards the trading volume.

In order to prevent wash trading, only users who hold an NFT for at least 24 hours will have their trading volume counted on that NFT. The amount a user can earn each day depends on both the user’s trading volume but also the overall trading volume on the protocol, meaning that if a user’s trading volume is $100 and the total trading volume is $1000, the user will be able to receive 4000 IMX tokens out of 40k. 

Aside from the Immutable X marketplace, there are other marketplaces that have integrated the protocol’s Global Order Book, making trades on those platforms also eligible for the program. These include the following featured marketplaces: OKX, Mintable, TokenTrove and Kinguin.

The daily token rewards are given out “cumulatively each week by end of day Friday UTC on August 5th and August 12th." A third of the rewards are unlocked straight away when distributed, while 2/3 is unlocked every month during the next 5 months.

Last month, Immutable launched a $500 million gaming fund.

Disclaimer: The information provided on this page do not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Individuals should do their own research before taking any actions related to the product they read about and carry full responsibility for their decisions.
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