Immutable Launches Perpetual Rewards with $93,000 in $IMX Up for Grabs

Immutable has officially launched its Perpetual Rewards program with the very first Weekly Draw kicking off on April 10th. And yes, it's a big one — a whopping 235,758.46 $IMX is on the line. With $IMX trading at around $0.39, that's nearly $93,000 in rewards up for grabs. Let's break down what this is all about and how you can jump in.

What Is the Immutable Perpetual Rewards Program?

First announced in December 2024, Perpetual Rewards is the next chapter in Immutable's push to reward loyal players. It builds on the "Main Quest" system from earlier that year, which gave players ways to earn Gems for engaging with web3 games like Guild of Guardians and Illuvium.

In March 2025, the beta version rolled out. But the real fun began this week, with the first-ever Weekly Draw.

The program is all about turning in-game activity into something real. Complete game quests, collect 500 Gems, and redeem them for a Key — your golden ticket to the Weekly Draw.

So What's the Weekly Draw?

The Weekly Draw is where the magic happens. Here's how it works:

• Phase 1: Redemption (Thurs-Mon UTC) – Redeem 500 Gems for a Key.
• Phase 2: Rewards Calculated (Tues UTC) – Immutable works its number-crunching algo.
• Phase 3: Claim (Weds UTC) – You log in, cross your fingers, and claim your prizes.

Each Key you redeem enters you into that week's draw — and the loot? It's sweet. Think: $IMX tokens, bonus Gems, free entries for future draws, and Key Tier upgrades. Note that each player can only redeem one key per week. 

Who Can Enter?

If you've already earned 500 Gems through previous game quests, you're good to go. Just log in with your Immutable Passport wallet, link your social account, verify your phone number, and trade those Gems for your Key.

Not there yet? No stress — you can earn more Gems by:

• Completing in-game quests
• Watching videos
• Claiming daily Gem drops
• Interacting with Immutable's partner games, or
• Jumping into limited-time promos

Heads up: only Immutable Passport users can enter. If you're still using a MetaMask or other EOA wallet, you'll need to migrate first.

Prize Pools and Key Tiers: How It All Connects

In the Immutable Perpetual Rewards system, your Key Tier directly matches your prize pool. That means if you hold a Common Key, you're drawing from the Common tier prize pool. Got a Legendary Key? You'll be competing in the Legendary tier pool, where the rewards are even bigger. The deeper your engagement — like completing more game quests — the higher your Key Tier and the better your rewards.

Here's how the Week 1 prize pool of 235,758.46 $IMX breaks down:

• Common Tier – 5.88% (13,862.60 $IMX): Even the base tier gets you a shot at every prize type.
• Uncommon Tier – 11.36% (26,782.16 $IMX)
• Rare Tier – 21.98% (51,819.71 $IMX)
• Epic Tier – 18.67% (44,016.10 $IMX)
• Legendary Tier – 17.12% (40,361.85 $IMX)

But that's not all — there's also the Mythic Draw, which is open to everyone, no matter your Key Tier. This special prize pool holds 25% of the total rewards (58,939.62 $IMX), with 100 random winners scoring anywhere from 181.548 $IMX to 20,955.888 $IMX. That's up to $8,260 USD from a single draw.

The bottom line is that your key tier controls your base prize pool, but everyone has a shot at the Mythic jackpot.

What Happens Next?

Once the draw is processed each Tuesday, you can claim your rewards starting Wednesday. Just don't wait, as the rewards expire after 30 days. If you win a Free Entry or Tier-Up, it will auto-apply the next time you redeem your Gems.

All in All

Immutable's Perpetual Rewards system just made play to earn easier than ever. It's not about who wins the most matches or grinds one game to death — it's about showing up, exploring different titles, and earning rewards for simply being part of the ecosystem.

You don't need to be locked into a single game or sweat every leaderboard. With Immutable's platform, you can play across multiple games, knock out quests, rack up Gems, and cash in every week.