IMX Token Launch Review

It’s been about one month since the IMX token launch on April 29, and a lot has happened in the first month of IMX’s history.

Certik Audit Published

IMX TGE And Airdrops

Simultaneously with the token launch, 14,000,000 IMX tokens were airdropped to 35,000 Uniswap liquidity providers. This represents 14% of the IMX max supply of 100m tokens. Each airdrop recipient each got 400 IMX. This token distribution was a way to get the tokens into the hands of those most likely to use them and create an immediate market of users, buyers, and sellers, who were already familiar with the value of liquidity providing.

Impermax also airdropped 500,000 IMX to users who borrowed or leveraged tokens on the Impermax platform in the first two months after the app launch before the IMX release.

Total Value Locked Skyrocketed At Launch

TVL For April 19 to May 18 2021

May 2021 Crypto Market Volatility

The Best Interest Rates In Crypto

Projected interest per year generated by the platform for users is calculated with a one-year projection of daily interest income. It’s a way to measure how much value the platform is generating for lenders and borrowers across all funds and all pairs.

Reserves Generated

In the two weeks after launch, the Impermax reserves grew from about $3,000 to over $50,000 held in USDT, USDC, ETH, and all other supported tokens. This is a great demonstration of the potential for the platform to generate fee income to sustain itself and reward holders.

Reserves generated from fees April 19 to May 18 2021

Integration With DeFi and Crypto Tracking Sites

CoinGecko

Coinmarketcap

DeFi Pulse

DEXTools

Team Growth

We're developing a DeFi ecosystem that will enable investors to leverage their LP Tokens