Ideamarket Docs
  • Introduction
  • 1-minute onboarding
  • Selling old tokens & unstaking
  • Navigating the app
    • How to make a good post
    • Citations
    • Post page
    • User Profile
    • Why rate posts?
  • $IMO token
  • So we've posted your thought
  • Offical T-Shirt
  • Join us on Discord
  • Build with us!
  • Use Cases
    • The New News
    • The Last Internet Argument
    • DeSci credibility, citations, and income
    • DAOs: Activism-for-profit
    • Prediction markets for public opinion
    • Crazy ideas
  • Roadmap
    • Partnerships & Integrations
    • Global knowledge graph
    • Bounties
  • PHILOSOPHY
    • Future epistemology (Ribbonfarm)
    • Status vs Truth
    • Summary of hypotheses
    • Heat Death of the Infoverse
    • Sun vs Wind
    • Bullshit recapture technology
    • Mirroring the world brain
    • Increasing population-scale comprehension
    • Journalism must become the trust-earning business
    • Exit the intellectual mafia
    • An Open Letter to Revolutionaries
    • Ideamarket Art
    • Does Ideamarket "measure truth"?
    • Beware "cryptographic truth" and the ledger of record
    • Meme Vault
  • FAQ
    • Why Arbitrum?
  • Past Experiments
    • Social account markets
    • The URL Market
  • Contracts
    • Quantstamp Audit
    • Overview
    • Bonding curve
    • IdeaTokenFactory
    • IdeaTokenExchange
    • InterestManager
    • IdeaTokenVault
    • MultiAction
    • IdeaTokenNameVerifier
  • Legal
    • Terms of Service
Powered by GitBook
On this page
  • Official links
  • Upcoming features
  • Governance
  • Initial distribution
  • FAQ

Was this helpful?

$IMO token

$IMO stands for "in my opinion" because opinions are all we have.

PreviousWhy rate posts?NextSo we've posted your thought

Last updated 2 years ago

Was this helpful?

Staking $IMO on a user gives them curation power, for both post quality and importance. You can unstake at any time, and there’s no risk of loss.

The more $IMO staked on your profile…

  • the more a post’s visibility increases after you rate it (the posts on the homepage are sorted by “amount of $IMO staked on all users who rated this post”)

  • the more your ratings affect the Confidence Rating of each post (the colorful % number in the corner of each post) [UPDATE 8/31/22: We are currently displaying Average Rating instead of confidence rating, so that new users can have the excitement of affecting every post they rate. Once Sybil attacks become an issue, we'll switch to Confidence Rating to make Sybil attacks expensive.]

We might not always do things this way, but it’s how things are starting out.

IMPORTANT: You can spend ETH to stake, and we’ll convert it to $IMO in our smart contracts. You can also stake $IMO directly. Buy $IMO on SushiSwap (Arbitrum).

Official links

  • Token address: 0xB41bd4C99dA73510d9e081C5FADBE7A27Ac1F814

Upcoming features

Governance

Users can create, rate, and cite Posts in the IMO-Governance category of our web app to influence Ideamarket's future. We will gradually introduce more governance features into the Ideamarket ecosystem, beginning with Snapshot governance.

Initial distribution

  • Early investors — 10%

  • Team (present & future) — 18%

  • Strategic partnerships — 10%

  • Retroactive Airdrop — 5%

  • Ecosystem & Treasury — 25%

  • Community rewards — 32%

    • Listing Token staking — 5%

    • $IMO staking — 3%

    • Sushiswap LP rewards — 5%

    • Future rewards programs: 13%

    • Community airdrops — 4%

    • Verification rewards — 2%

85% of investor tokens are subject to a 2-year vesting schedule — a 1-year lockup beginning on 2/2/2022, plus a 1-year linear unlock. The remaining 15% of $IMO is unlocked on 2/2/2022 to provide liquidity on Sushiswap.

All $IMO allocated to Ideamarket team members are subject to a vesting schedule at least as long.

FAQ

"Couldn't you just buy a bunch of $IMO and spam the homepage?"

In theory we suppose you could, but:

  1. You’d have to have more $IMO staked on you than most other users combined, or their collective ratings would push different posts above yours.

  2. If you do buy enough $IMO to spam the homepage, you’d want the value of $IMO to go up, and the way that happens is if the best posts are at the top so that more people rate, more post owners make money, and more new people join and participate. Spamming the homepage would only hurt you.

$IMO stands for "in my opinion" because

— input $IMO token address vs ETH

$IMO will also be used to pay for upcoming features such as , which will put $IMO in the hands of people whose opinions the public genuinely values.

opinions are all we have.
CoinMarketCap
CoinGecko
Arbiscan
Dexscreener
Buy on SushiSwap (Arbitrum)
bounties