Research Report | Immortal Rising 2 Project Overview & IMT Market Analysis
I. Project Introduction
is a dark fantasy RPG that builds upon its predecessor, offering an expanded world, enhanced gameplay, and new systems. Players take on the role of , battling in a world ruled by the , seeking legendary artifacts to grow stronger and face even greater foes.
The game blends elements, featuring , and other multiplayer activities. In addition to traditional leveling mechanics, players can collect and to enhance their abilities and craft unique gear and skill builds.

Launching in , will introduce its in-game economy alongside the official release. , the game’s primary token, can be earned by exchanging and is used for , and more. Unlike traditional games, offers players more freedom, including the ability to trade certain in-game assets.
Currently, the game has attracted early players, with and already underway. Looking ahead, the development team plans to continuously refine gameplay, expand new regions, and introduce more engaging mechanics.
II. Project Highlights
1. Dark Fantasy RPG with Varied Gameplay and Freedom to Grow
retains the world from its predecessor but significantly enhances the gameplay experience. The game integrates , allowing players to follow different progression paths based on their playstyle. Players can obtain , customize their combat styles, and build their characters freely.
In , players can compete against other Immortals, use strategy and skill to climb the rankings, and fight for rare resources.
2. Three-Tier Token System for a Balanced Economy
The game implements a with , ensuring economic stability and reducing risks such as inflation or single-token dependency.
- $IMT (Immortal Token): The core governance token used for voting on decisions, trading NFT assets, and staking for additional rewards. It can also be exchanged for Starlight to participate in the in-game economy.
- Starlight: A key in-game resource, primarily obtained through ranking rewards and high-difficulty challenges. It can be used to craft NFT items, summon mercenaries, purchase land, or be exchanged for Stardust.
- Stardust: A general in-game currency used for upgrading equipment, summoning high-tier items, and acquiring special resources in the mystery shop. It serves as the main medium for daily transactions.
3. Tradable Assets & Long-Term Playability
Key in-game resources, such as , can be freely traded as , allowing players to buy and sell assets in the marketplace—bringing the concept to life.
Unlike traditional games with , grants players the ability to :
- Equipment, items, and land can be sold in the marketplace, with rare gear potentially becoming valuable collectibles.
- Guild war and PvP rewards are distributed as Starlight, allowing top players to trade and circulate them in the market.
- Staking mechanisms enable $IMT holders to earn additional rewards through staking, increasing the long-term value of the token.
III. Market Valuation Expectations
As a , integrates innovative gameplay with a sustainable economic model, incorporating such as .
The game’s is , and its long-term market potential can be compared to established such as:
- Illuvium (ILV)
- Axie Infinity (AXS)
- Matr1x (MAX)

IV. Economic Model
Total Token Supply
- Total supply: 1 billion
- Initial circulation: 141.2 million (14.12%)
Token Allocation
- Community Reward & Ecosystem – 28% (280M tokens)
- 0.58% unlocked at TGE, with the remainder released linearly over 48 months.
- Staking Reward – 10% (100M tokens)
- 2% unlocked at TGE, 20% unlocked on Day 1, with the rest distributed over 48 months.
- Liquidity Reserve – 10% (100M tokens)
- 3% unlocked at TGE, 30% unlocked on Day 1, with the rest released over 48 months.
- Airdrop – 7% (70M tokens)
- 100% unlocked at TGE, allocated for market promotions and ecosystem incentives.
- Private Sales & Investors – 14.6% (146M tokens)
- 1.46% unlocked at TGE, 10% unlocked on Day 1, with a 6-month lockup, followed by distribution over 18 months.
- Public Sales – 0.4% (4M tokens)
- 0.08% unlocked at TGE, 20% unlocked on Day 1, with a 6-month lockup, followed by distribution over 18 months.
- Partnership & Advisory – 10% (100M tokens)
- 6-month lockup, then released gradually over 42 months.
- Team – 20% (200M tokens)
- 6-month lockup, then released gradually over 42 months.
Token Utility

V. Team & Funding
Team Information
- As of now, official team details have not been disclosed.
Funding Information
- As of now, no information on funding rounds, amounts, or investors has been revealed.
VI. Potential Risks
- If Starlight production surpasses demand, $IMT demand could drop, leading to depreciation.
- PvP season rewards and DAO governance adjustments may also impact token market expectations.
- Poor governance decisions could result in inflation or player attrition, potentially destabilizing the economy and negatively affecting token prices and in-game asset values.
VII. Official Links
- Website: https://immortalrising2.com/
- Twitter: https://x.com/immortalrising2
- Discord: https://discord.com/invite/immortalrising2