We had the opportunity to sit down with Felix, the founder of Planet IX. He shared some insights on our new releases and what’s to come. We are very excited and wanted to share the awesome times ahead with you!

Let's talk about Planet IX's Mining Pass and M3ta Crystals. Felix, you're clearly excited about these releases. Can you explain what the hype is about?

Felix: Let’s talk about M3ta Crystals first which is a new asset in the Planet IX ecosystem, similar to energy. Both of these assets are consumables, meaning they are used in staking pools and gameplay mechanisms. However, energy is only obtained by playing IX, making it the go-to asset for gamers. In contrast, M3ta Crystals are acquired through securing liquidity in the protocol.

So you’re catering to both gamers and degens?

Felix: Exactly. Now, we have assets that serve different users, and the locked value of IXT is increasing every day. There are currently around 15 million IXT staked, which is fantastic. Over 75% of the supply is now locked, which pushes the IXT price up due to the limited available tokens left on the market. This locked value also represents trust from the community, and it’s something we’re really proud of.

How much can you earn from staking M3ta Crystals?

Felix: Right now, the staking pool will distribute 800,000 IXT per month to Crystal holders, which is significant. However, this high level of distribution won't be sustainable in the long term. As the dollar value of IXT increases, the staking pool will distribute fewer tokens to maintain balance. Now is a great opportunity to accumulate IXT while the rewards are still extremely lucrative. 

Is it also a good time to get some Energy?

Felix: Definitely! The crypto markets, especially Planet IX, have efficient dynamics. Some staking pools may pull tokens away from others, reducing rewards in one pool while increasing them in another. With over 60,000 active wallets on our DeFi platform every month, this kind of ebb and flow creates an ever-changing environment, which is fascinating to observe.

How much have you personally staked in the Mining Pass?

Felix: I’ve staked over 1 million IXT, which shows my commitment to the project. I believe in the potential here and have no issue locking up tokens long-term. With everything we've built, the new staking pools and the releases we have under development, this is the right time to go all-in.

Visit the IX.Foundation to stake your IXT for M3ta Crystals