Trade to Earn with Immutable X: Max 100,000 IMX tokens to win everyday-OKX Tutorial

Dear Users of OKX NFT Marketplace:

Immutable X is officially launching its new Trade to Earn program. During the program(Starting on 11th August) trading IMX NFT in OKX NFT Marketplace, you can participate in the daily maximum 100,000 $IMX tokens reward.

How does Trade to Earn work?

Program Time: August 11th — TBA

Reward Conditions: During the program, trade IMX NFTs through the OKX NFT Marketplace, trading over $10 to participate in the $IMX token reward.

Reward Rules: Daily Reward = Daily Trading Volume/ Daily Total Trading Volume * Reward Pool
Reward Pool: The daily reward pool of IMX tokens will depend on the total transaction volume on that day.
Here’s how the rewards pool will scale:

Total transaction volume <$1.2m = 40,000 $IMX

Total transaction volume $1.2m - $2m = 60,000 $IMX

Total transaction volume $2m-$3m = 80,000 $IMX

Total transaction volume >$3m = 100,000 $IMX

( Real-time trade volume and the rewards pool https://imx.community/rewards)
Distributing Rules: While token rewards will be calculated daily, your daily earnings will be distributed cumulatively each week by end of day Thursday UTC

Example scenario: On a given day, if $1.5M in total is transacted on the protocol and you trade $15,000 (1% of Total Volume), you would receive 600 IMX tokens (1% of 60,000).

Note: IMX official has taken steps to identify and eliminate wash trading. For the avoidance of doubt, such trades will not be eligible for the Trade to Earn program. Please refer to the latest rule on https://www.immutable.com/trade-to-earn

Trade volume will be counted on NFTs held for at least 24 hours. If you buy and then sell an asset within 24 hours, your trade volume will not be counted.
We’ve set a maximum limit on eligible trades per wallet ($10,000 buy volume and $10,000 sell volume) per day.
Trades in 0 royalty fee collections will not be eligible for rewards

How to trade IMX NFTs on OKX NFT Marketplace?

Explore IMX NFT

OKX NFT Marketplace has enabled the trading of IMX NFTs. To browse the IMX NFT collections, you can visit our OKX NFT Marketplace through the web page, and apply the filter to find all the IMX NFTs.

Connect Wallet

Click connect wallet and select OKX Wallet or MetaMask to connect.

Deposit ETH or Other Tokens to IMX Network

Follow the guide and deposit the token from the Ethereum network to IMX. It may take 1-5 min. If it is your first try, it may take longer. You are almost there!

Buy IMX NFT

You can confirm your purchase once you have deposited enough tokens. Read the wallet message, sign the message and confirm. You are all set - purchase complete!

Sell IMX NFT

Click the 'list' button and set the price, currency, and expiration date. Follow the wallet message, sign the message and confirm. You are all set - listing complete!

（Note: IMX is currently only supported on the web, please visit OKX with a browser）

What is the cost of trading IMX NFTs?

Transaction costs are currently composed of three parts, protocol fee, royalty and service fee.

Royalty fees can vary with different IMX items. It is set and collected by the creators.

The service fee is simply collected by platforms, and you can trade IMX NFTs with 0 TRADING FEE on OKX NFT to get a chance to share the rewards!

Terms and conditions

Only trades in the following timeframe will count: August 11th - TBA. IMX official has taken steps to identify and eliminate wash trading. For the avoidance of doubt, such trades will not be eligible for the Trade to Earn program. Please refer to the latest rule on https://www.immutable.com/trade-to-earn

Depending on whether you’re a buyer or seller, amounts paid in fees also count towards the volume tracked.

Fees are included in ‘buyer’ volume as the buyer is paying the fee.

Fees are excluded in ‘seller’ volume as the buyer is paying the fee.

Rewards will be subject to an unlock period: 1/3 of rewards will be available immediately, with the remaining 2/3 unlocking over every month for the next 5 months.

Only trades of NFT collections in the Immutable X Global Order Book will count towards the tally and rewards. (ps. collections on OKXNFT Marketplace are all counted)

As described above, users must meet certain minimum volumes to be eligible for token rewards

Service fees are payable on underlying trades in the ordinary course

For trades on the IMX Marketplace, please refer to Immutable X official Marketplace Terms

The IMX token is issued by Digital Worlds NFTS Ltd. Immutable X Pty Ltd is an independent service provider to Digital Worlds NFTS Ltd.

For any questions, please contact the IMX support team.

OKX NFT

August 12th 2022

Step 1: Log in to your OKX account
Before you can start buying or selling cryptocurrency on OKX, you must first log in to your OKX account. If you do not yet have an account, click Sign up and complete the registration process.
Step 2: Select Buy/Sell
Once you have logged in to your OKX account, click Buy Crypto in the upper left-hand corner of the screen to get started.
Step 3: Select your purchasing method
The next step is to choose how you would like to buy or sell . There are two primary options on OKX: Express and P2P trade.