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 <p class="is-style-lead">In an Oct. 17 post on X, Immutable co-founder Robbie Ferguson shares the news that the <a rel="noopener noreferrer nofollow" title="vesting" href="https://thebittimes.com/tag/vesting.html">vesting</a> of $67 million in <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> rewards will be delayed until July 2024.</p>
 <p>The move is said to enhance the Web3 game development platform’s long-term sustainability.</p>
 <h2 class="wp-block-heading" id="token-unlock-postponed">Token unlock postponed</h2>
 <p>According to the post, Immutable committed to re-locking 125M $IMX of the project’s dev allocation for another year, meaning that it would be just a few weeks from now the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s were scheduled to unlock. In a follow-up post, Ferguson stated that when the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s do unlock in July, they will be done on a linear monthly <a rel="noopener noreferrer nofollow" title="vesting" href="https://thebittimes.com/tag/vesting.html">vesting</a> schedule over time rather than a cliff.</p>
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    <p lang="en" dir="ltr">1/ We're here for the long run.<br><br>Last year, we committed to re-locking 125M $IMX of @Immutable’s Project Dev allocation for another 1 year. A few weeks from now, these <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s are scheduled to unlock.<br><br>We’re proud to once again re-lock this allocation until July 2024 at a minimum.</p>— Robbie Ferguson | Immutable (@0xferg) October 17, 2023
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 <p>At the same time, the thread on X highlights that Immutable holds 25% of supply of the IMX <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> on the platform’s balance sheet, quoting “long-term alignment.” Many of the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s are said to still be held by long-term aligned <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> holders – with 90% said to never have been sold.</p>
 <div class="cn-block-related-link">
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Immutable taps Amazon to boost web3 gaming adoption
 </div>
 <p>Immutable is said to have roughly four years of runway with 270 employees, alongside significant scaling of their headcount in Japan and Korea.</p>
 <h2 class="wp-block-heading" id="expanding-strategic-partnerships">Expanding strategic partnerships</h2>
 <p>These actions continue to show that, in Ferguson’s words, “bear runs are for building.”</p>
 <p>Just days earlier, on Oct. 11, Immutable announced its partnership with Amazon Web Services (AWS) in a move that would make it easier for game developers to launch products on blockchain networks, showing their development to long-term growth.</p>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Immutable X (IMX) price rises amid Upbit listing
 </div>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/immutable-extends-token-vesting-period-another-year-tbt66754.html">https://thebittimes.com/immutable-extends-token-vesting-period-another-year-tbt66754.html</a></p>

Immutable extends token vesting period another year

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