04.05.2024

I'm going to show you how to find your. l2 immutable x wallet as you know. immutablex. imx token. initiated staking it starts on july 1st. which is tomorrow. and some of you might have trouble. finding even where is the l2 wallet that. you're supposed to stake your immutable. x token into if you're you know a kid. probably i go too slow for you so this. is more for the older adults you need a. little bit more time being walk through. how to set this stuff up so if you need. help staking your immutable x tokens. this isn't financial advice i'm not. recommending you do anything talk to a. financial advisor if that's what you're. looking for i will show you just from a. technical perspective step by step you. know how i was able to stake immutable x. tokens before i begin i do want to. address the audience who's been.

Following the channel as we talked about. an exciting new launch sky labs vsl. token that's launching soon uh. you might be wondering why am i talking. about immutable acts when there's you. know this exciting launch coming up well. you know those of you who've been using. vetter platform to find you know. projects that are launching out there. early stage blockchain projects and. you've been generating you know the. three x's i saw a 97 x that's you know. nine thousand seven hundred percent. returns that people are seeing uh more. often 2x which is 200 percent. those of you that are using this. to. generate profits during this bear market. as you know one of my strategies again. not financial advice for you but one of. my strategies is to take some of those. profits that we're generating and for. those that aren't familiar with this.

Platform you know. these are you know 3x reported yesterday. another 3x by someone else 7x. uh some of them are really big there was. a 30x down here and they don't all get. reported we saw a 97x last month. we take the profits and we put them into. projects. uh at least i do like immutable x that. are that have strong fundamentals and. that have revenue. the other reason why i'm talking about. immutable x uh for those of you that are. wondering with the sky labs launch. coming up is because sky labs has a. revenue based staking system in other. words they're not printing tokens and. giving stakers tokens printed out of. thin air which is an inflationary type. thing it drives the price of the tokens. down i mean how many times have you guys. gotten into staking and then the token. price goes way down well that's because.

A lot of these projects just print. tokens out of thin air and that's how. they pay their stakers that's not going. to be very effective. uh you know sky labs isn't going to do. that sky labs uses a revenue based model. they're sharing revenue with their. stakers immutable x is doing the same. thing so for those of you that are. excited about the skylabs launch you're. wondering why i'm talking about. immutablex so much that's one of the. reasons i'll be talking about a lot of. projects that i take profits uh from the. projects that we're getting into that we. find on on better platform and i put. them into these projects like immutablex. and there's others that have longterm. huge potential because they have found. fundamentals that are strong and they. have revenue and they're doing smart. sustainable practices like their.

Immutable x. revenue based staking which is just like. what sky labs launch. are coming up is doing that's their type. of staking very sustainable anyway okay. so that's why i just needed to address. that's why i'm going to be talking about. these things guys even though yes sky. labs is exciting but. there's other things going on in crypto. and it all connects you take you know. i'm taking profits from launches and i. put it into other things that have long. this is how you do it again not advice. but. talking to myself i guess so okay how do. you. get set up. with immutable x well first of all if. you're at immutable.com. uh imx token you click up here and. you're gonna see that they've got the. staking section how to staking work i'm. not going to do a big long video on how. it works here. we'll do more followup videos on that.

On that i want to kind of move into how. do you find your l2 wallet. uh and put your imx in there. and get set up for staking because you. need to have it in there i will just. read a little bit here sticking works on. 14 day cycles during each cycle protocol. fees again that's revenue are collected. and 20 of those fees are converted to. imx and made available for distribution. to eligible imx stakers i will go over. real quick what it takes to be eligible. uh see an example below and they're just. kind of showing that what you get you. know if you staked 100 imx tokens and. the total staked in this example was a. thousand by the entire community of. stakers you know then you would your. reward would be ten percent of the of. the revenue pool that's generated. uh you know from the protocol fees. so pretty cool.

Uh how do i earn imx rewards against. stake tokens trading nfts is another. requirement so they're saying you trade. one nft at least within that 14 day. cycle in addition to staking your tokens. uh in order to qualify and then it says. receive imx rewards at the end of the 14. day cycle your proportion of imx rewards. will be attributed to your wallet okay. so. i just want a little a little message to. those of you who may maybe don't have a. lot of resources right now maybe you. haven't you know. been able to take advantage of these. three x's and seven x's maybe you're new. to this channel you know you might want. to follow this channel because i'll be. talking a lot more about all these. things. but uh if you're low on resources again. not financial advice but this w this is. how i. navigated this stuff early on before i.

Wanted to risk a lot of things while i. was learning. you know i would take like the minimum. amount of something like here they. require only 10 imx tokens which is like. 10 bucks. and i would go through the process so i. would be learning what's going on in d5. without risking anything or at least you. know 10 bucks you know so you don't need. to go all in on stuff. in order to start learning and as you. learn then you start to be informed and. then you can get with your financial. advisor and get the advice that you need. and make informed decisions on what you. want to do you don't need to risk it all. right away. okay so i'm going to go ahead and click. here and again you could go to. immutable.com click on imx token and. click here as well if you need to you. know. study this stuff uh it says. state tokens it says learn more here so.

That's how i'm getting here and this is. just taking you directly to the recent. post they did which is kind of funny. because they such a big organization but. they're just taking you to their twitter. thread where they posted some of this. stuff and here's where it gives you more. details you know the first phase of. staking will begin with automatic. rewards for. active imx users at the end of each. cycle. before soon switching to a. selfcustodial i did want to talk about. that a selfcustodial staking process so. so right now it's not selfcustodial. but they will be moving to. selfcustodial that's also referred to. as noncustodial so what's. selfcustodial or non-custodial versus. custodial custodial is when. the organization controls your tokens. and and and it's generally being seen as. bad because tara luna for example and a.

Whole bunch of other projects have been. you know locking up people's tokens. they're not in your control. centralized exchanges are custodial and. people have been talking about you know. not your keys not your wallet you know. if you put your tokens into binance or. coinbase you may never see them again uh. you know not likely with those two but. some of the smaller exchanges but. nonetheless the risk is there if it's. custodial so just know that right now. immutable is using. uh custodial. staking but what they're saying here is. they will soon switch to selfcustodial. meaning it's in your control. and the other cool thing about immutable. it's just so interesting how many. similarities they have to sky labs you. know vsl that's launching soon is vsl's. you know skylab staking is also going to. be selfcustodial right from the get-go.

Immutable started out building this. where it would be custodial and now. they're after tara luna collapse and. everything else. uh they're now going to switch to. selfcustodian but does start out as. custodial. it says to be eligible for this first. phase of staking your immutable xl2. wallet needs and i'm going to show you. how to find that if you don't know it. needs to hold 10 minimum imx tokens. throughout the 14 day cycle and you also. need to trade at least one nft during. the cycle you can trade in nf t for. almost nothing so again for those of you. don't want to risk a lot but you want to. learn you know again not financial. advice but it just seems reasonable that. you would you know. you know just 10 bucks of imx tokens and. you start learning what the nft space is. about you start learning how to do this.

Kind of stuff without having to risk the. farm you know what i mean the first. staking cycle will be from july 1st to. july 30th okay i'm not going to read the. rest of this i'm going to go into more. of this in future videos follow my. channel if you want to really follow. what's going on with immutable why do i. pick immutable it's one of a handful of. projects that i'm taking advantage of in. the bear market as i generate profits. you know from better platform and and. all these other early stage blockchain. projects that are given these high. returns i take a portion of that and i. put it into projects like immutable i'll. be talking about that on this channel so. follow this channel if you want to learn. more about immutable why immutable what. are some of the other projects that i'm. getting into those of you that are in my.

Tribe 100x discord we're going to be. diving deep into this stuff uh you know. for really you know seeing the full. gamut of what i'm doing again never. financial advice but just kind of. sharing with you my journey and how i'm. taking advantage of the bear market. okay so let's show you how to find your. l2 your immutable x l2 wallet. connect that wallet and get set up. so to do that you need to go to. market.immutable.com. and i'll put links below this video that. i'm referring to market.immutable.com. and you'll need to connect your wallet. so. i i do need to say you need to have imx. token. in your metamask wallet in order to then. move them into the immutable xl2 wallet. to stake them so i'm not going to show. you how to buy imx you can use uniswap. coinbase for those of you in the u.s. uh you know depending on where you are.

In the world you'll need to get imx. token in your metamask wallet. in order to then do what i'm going to. show you now which is move them into. the immutablex l2 wallet to stake them. okay so i'm going to go ahead and just. pause my screen. i have. another wallet that i've already done. this in it's been a little bit of. time since i connected my wallet and. stuff so give me a second here as i. as i uh. just kind of get set up you're going to. need to be on the ethereum. blockchain. uh so make sure. you know on your immutable ask and i'll. go ahead and show my screen here so my. you know my meta mask is up here i'm on. the ethereum main net so make sure. you're there now i don't have any imx in. here because i'm actually i've already. staked my imx with another wallet. just know you'll need imx in here. obviously in your metamask.

That you purchase as i was just saying. before you can obviously move them into. your imx. custodial. l2 wallet okay. so. connect connect wallet. and then this says you know. connect or create your own wallet to. access immutable x i'm going to show you. with metamask. that's what i used so. and i'm. not going to show everything here. because you know just for privacy but. i'm going to click meta mask. and so i can show you this so it says. unlock immutable x connect a wallet. account sign to give access set up an. immutable x key. okay so let's go i'm going to go ahead. and. i'm going to go ahead and click get. started down here. you know you can pause the. video if you need to kind of go slower. we're just connecting the wallet you. know so you don't see this part but i'm. selecting my wallet. and i'm hitting next. and then i can show you this here.

Connect to to this particular wallet i'm. going to say connect. so what you're doing is in this case i'm. connecting metamask you know that you. would want to have imx token and i don't. because i've already staked them. actually with a different wallet i've. already gone through this process. but i just wanted to kind of show you. how to do this because at first you know. i was having trouble even finding where. was my l2 l2 immutable x wallet okay so. it says sign to give access so i'm going. to sign. so you're just connecting your wallet. that has imx in it. and by the way if you wanted to connect. your wallet even before there was imx in. it you could do that you could connect. your wallet to their custodial wallet. and then you could add imx to your. metamask and come here and load it in. really easily i'm going to click sign.

It's a lot of little steps to make the. connection between your wallet in this. case my metamask wallet and. the l2 custodial wallet on immutable x. set up immutable x key a unique key will. be linked to the following wallets this. is like security stuff if you already. did this. check you have the correct wallet. address selected setup key. you know so you're just going to go. through this process i'm going to hit. sign. setup complete. registration i actually pause my screen. here. registration of your wallet with. immutable x has been complete this. window will appear each time you make a. transaction delex so i mean it might. seem a little clunky and i'm sure as the. market. continues to evolve and develop. you know it's become easier and easier. to use but now you see you know again. we're at market.mutable.com.

And now you see my wallet address up. here. and you can go to balances. also remember one of the requirements to. get the staking rewards is you're going. to have to trade an nft now that can be. really really inexpensive like. some of them you can get for pennies and. i'll have other videos on how to do that. i'm just showing you how to stake your. tokens so you can at least get in the. game you know and have them staked for. this 14day cycle. so balances you know it says add funds. you know so this is where. you would need to it says instant i. never use the credit card option. uh so i do it you know. deposit from wallet so i just clicked on. that. you know and then you would choose the. currency. uh what do you want to add in this case. we would select immutable x because you. want to stake the amino imx tokens right.

And then you would say how many you want. to add but again. you would need to have imx token in your. wallet to do this and so i would enter. the amount that i i want and i would hit. next and then you would you know confirm. the transaction and and then you would. have. you know once you went through that. process which i've done on a different. account then when you went to balances. you it would show that you had immutable. x in your l2 wallet again this is a. custodial wallet it's in their control. not yours just like if you use exchanges. like binance or coinbase or some other. exchange it's custodial it's in their. control not yours but the point that. they were making is they're going to. transition soon. to noncustodial or self-custodials the. same thing noncustodial and. selfcustodial meaning they're going to.

Set up staking that's in your control. because that's where the industry is. probably going after the tara luna. collapse and all kinds of other things. and people seeing the risks of giving. your tokens to somebody else and i just. want to point out again for those of you. been following the sky labs launch and. vsl staking that's coming out uh with. you know with that project that's that's. going to start out being selfcustodial. or noncustodial it will never be. custodial which is super cool all right. guys so that's where you find your l2. immutablex wallet. that's how you can start staking imx. tokens on their l2 immutable x. wallet i just remember it's a 14 day. cycle you need to have at least 10 imx. tokens in there to be able to get the. rewards which is only about 10 bucks. and you do need to be able to do at.

Least one nft trade i'll have other. videos on how to do that i really love. immutable x uh there's zk roll ups for. those that don't know um it's just a way. to be able to trade nfts. uh at. basically zero cost almost. uh as opposed to you know. ethereum fees and all these other. chains that cost quite a bit to trade at. nft immutablex has brought the price. pretty much to zero i mean there's. little transaction fees here and there. to get set up but once you're set up and. you're trading in the marketplace it's. free to trade nfts. uh other than the cost of the nft itself. i will just show you really quick and. again follow this channel if you need. more help and assistance with this kind. of a pace in this kind of a detail. uh. because i'm going to be going over a lot. of these things not just with immutable. x but other projects that have strong.

Fundamentals and. do sustainable practices like the. move towards custodial or sorry. noncustodial or self-custodial staking. and the fact that they're paying stakers. royalties out of revenue just like sky. uh skylab's vsl token that's launching. is is doing these are the kinds of. things that we look for. uh. you know again. uh it's really important now more than. ever to be looking for projects that are. using sustainable practices. uh if that's not obvious after the. terror luna collapse so. you know. one of the projects that and i'll have. other videos on this one of the projects. where i've purchased some nfts and i'll. probably doing my trading to qualify for. the staking is here with god's unchained. which immutablex actually owns it's one. of the projects that they have in their. marketplace you saw how i just clicked.

On that. again if we're at the. market.immediablex.com we went to guides. unchained right here. and these are different nfts that you. can use in the gods unchained game. and i originally started playing that. game just for research just to. understand like this is what you got to. do if you want to be successful and. again it doesn't have to cost a bunch of. money to do it you can do minimal and. you can see like some of these things. cost almost nothing this is two cents so. you could just buy an nft and you don't. even know why you're buying it just to. qualify for staking and even if you're. only using 10 imx tokens for less than. 10 bucks you might not be making getting. rich or anything but at least you. understanding the process and you're. getting into the process so that when. you are ready to maybe invest more a.

Decision that you make not from my. advice. uh then you will be informed on how. everything works and when people talk ab. you know you're learning about. uh. the metaverse and nfts and trading and. all of these things. you'll understand what it means. so because you can't really fully. understand what's going on if you're not. engaging with it. so i just wanted to point out would be. less than 10 bucks. to set up your staking with immutable x. and you could trade things that cost two. cents you know so we're not talking. about a cost. prohibitive situation here uh to be able. to engage with these kinds of things so. anyway showed you how to find your l2. immutable x wallet. i showed you how to connect it and kind. of walk you through how you can stake. on their custodial. l2 wallet. and just know that things will be.

Changing and again if you want to follow. all of that come back here. and uh to a different a different. address immutable.com. in fact i'll just give you this. immutable.com click on imx token and. then scroll down. and see where it says how does staking. work. and then if you want to know the details. about where this is all going later. click learn more here. and go to their their twitter and just. read this announcement about the staking. and read through all of these they got. like 10 different posts and they're. talking about how eventually they're. going to move to noncustodial staking. if you want someone to walk you through. all this as it evolves i'm really into. immutablex for one of my longterm plays. one of the things that i'm investing. into in the bear market that's where the. opportunities are again for those.

Following what i usually talk about i. will continue you know obviously using. this channel to talk about what we're. doing off the vetter platform i love. this resource. where. you see these early stage blockchain. projects that are newly launching across. 16 different chains. a lot of them off the bsc but there's. also all of them. and. we get into these and you it's just. incredible the returns that we're. getting you know three x's three x's. seven x and again i saw a 97 x last. month 30 x not long ago that's three. thousand percent and then we're taking. some of those profits and i'm putting. them into these kinds of projects like. immutable x and then staking and stuff. so. i'll be talking a lot more about this on. this channel and then in our tribe 100 x. discord we'll be deep diving to the. stuff for those that really want to know.

how am i taking advantage of the bear. market we'll see you soon