Gauntlet to partner with Immutable on the IMX Rewards Program
Gauntlet is thrilled to announce our newest partnership with ImmutableX. ImmutableX is the leading web3 gaming platform that offers developers a one-stop shop to launch their game, host their marketplace, and trade digital assets. In partnership with Digital Worlds Foundation, Immutable recognizes that incentive programs require a focus on capital efficiency and user impact, both of which are best understood by utilizing accurate pictures painted by insightful data points. This increases the influence of the rewards, by benefiting the users and the growth of the protocol simultaneously. The Foundation and Immutable are partnering with Gauntlet to optimize the efficiency and impact of IMX trading rewards. Gauntlet’s Incentive Optimization platform will be customized to fit the IMX landscape as the teams work together to achieve Immutable’s goals and provide Immutable’s community with real ownership.
Gaming has long been a means to innovate with emerging technologies while uniting creativity and business. Web3 has opened many doors for the entertainment industry, providing ownership of in-game assets to users over corporations and allowing developers access to build in new ways. By providing a vertically integrated developer platform, zero gas fees, and massive liquidity, Immutable is at the forefront of bringing gaming to Ethereum. The IMX Rewards program creates an economic ecosystem where developers, traders, gamers, and marketplaces all benefit from driving pro-network activity. A robust rewards offering will pair well with the onboarding of new games in the upcoming months as Immutable continues to focus on growing rapidly.
Gauntlet is very excited to take our first steps into the gaming realm and Immutable is a great first partner. In learning from our experiences optimizing incentives budgets and allocations, Gauntlet has gathered valuable insights and built powerful modeling engines that will translate nicely to IMX. Gauntlet will integrate with Immutable to ingest various data points such as user behavior, asset activity, and market volatility, always in a compliant way. Initially, we will work together to optimize the mechanisms of the program and develop a system that efficiently rewards users and the long-term protocol health itself.
“IMX Rewards are a core part of our growth strategy. In partnership with Digital Worlds Foundation, we are deploying over 1bn IMX tokens as incentives over 4 years to grow ImmutableX. I’m excited to partner with Gauntlet and their industry-leading experts to improve the efficiency and effectiveness of rewards for all IMX holders.” — Eddie Burrowes, SVP of Tokens & Data at Immutable
About IMX:
Immutable X is the one-stop-shop platform designed to provide a simple, secure, and reliable solution for developers to build web3 projects for mainstream audiences. The IMX token is issued by Digital World NFTS Ltd and Immutable X is an independent service provider to Digital Worlds.
About Gauntlet:
Gauntlet is a simulation platform for on-chain risk management. Gauntlet uses battle-tested techniques from the algorithmic trading industry to help protocols manage risk, fees, capital efficiency, and incentives. Our agent-based simulation models optimize parameter decisions for tens of billions of dollars in DeFi TVL.
