Updates to the IMX Play to Earn for US supporters
Latest Update: 30 October 2021 at 11:00 AM (AEST)
Unfortunately, after we launched the IMX Play to Earn campaign, we had to update it to prevent US users from receiving IMX directly.
Originally, our solution to this challenge was to reward eligible US supporters of the Play to Earn campaign with ETH equivalent of the IMX they earned, priced at $0.10 USD per IMX. We know that option didn’t cover all use cases, and we’ve been working hard to find the best possible solution.
Now, we’re excited to confirm that we can offer two options for US participants to receive their rewards:
- Fixed price (the original option) — you’ll get the USDC equivalent of $0.10 USD per IMX instantly upon claiming, or
- Floating price — you’ll get the USDC equivalent of IMX at an average weighted price over 4 weeks. For example, if the average weighted price of IMX over 4 weeks post-launch trading is $30, then you’ll get $30 per IMX in USDC.
Note that users will receive USDC rather than ETH in both cases, for logistical reasons. Eligible US participants will have 90 days to execute the fixed price option or 1 week to select the floating price option when the reward claim process has activated (date to be announced soon). If the participant misses the deadline for the floating price option, they will be given the fixed price option by default due to logistical considerations.
We’ve outlined the claim process here: Play to Earn Campaign
This communication is not for distribution to U.S. newswire or similar services or for any dissemination in the United States. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, IMX Tokens to any U.S. person (including, without limitation, any citizen or resident of the United States) or in the United States or in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the laws of any such jurisdiction.
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