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  • Market Cap: $3.1991T 1.910%
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When was the Immutable (IMX) coin issued?

The Immutable (IMX) coin was issued on March 31, 2021, providing a layer-2 scaling solution for NFTs on the Ethereum blockchain.

Dec 07, 2024 at 11:21 am

When was the Immutable (IMX) coin issued?

Immutable X (IMX) is a layer-2 scaling solution for NFTs on the Ethereum blockchain. It was launched on March 31, 2021.

Immutable X (IMX) is a layer-2 scaling solution for NFTs on the Ethereum blockchain. It was launched on March 31, 2021.

Key Features of Immutable X (IMX)

  • Zero Gas Fees: IMX eliminates the high gas fees associated with NFT transactions on Ethereum, making it more affordable for users to buy, sell, and trade NFTs.
  • Instant Transactions: IMX uses a zk-rollup technology to bundle multiple NFT transactions into a single transaction, which is then processed off-chain. This results in near-instant transaction speeds.
  • Scalability: IMX can process up to 9,000 NFT transactions per second, making it one of the most scalable NFT platforms available.
  • Security: IMX inherits the security of the Ethereum blockchain, ensuring that all NFT transactions are secure and immutable.

Use Cases of Immutable X (IMX)

  • NFT Marketplaces: IMX is used by a number of NFT marketplaces, including Immutable X Marketplace, GameStop NFT Marketplace, and VeVe.
  • NFT Games: IMX is used by a number of NFT games, including Gods Unchained, Guild of Guardians, and Illuvium.
  • Metaverses: IMX is used by a number of metaverses, including Sandbox, Decentraland, and Axie Infinity.

Tokenomics of Immutable X (IMX)

  • Token Name: Immutable X (IMX)
  • Blockchain: Ethereum
  • Total Supply: 20,000,000,000 IMX
  • Circulating Supply: 10,451,518,556 IMX (as of May 10, 2023)
  • Token Use Cases: IMX is used for paying transaction fees on the Immutable X platform, staking to earn rewards, and participating in the Immutable X DAO.

How to Buy Immutable X (IMX)

IMX can be purchased on a number of cryptocurrency exchanges, including Binance, Coinbase, FTX, and Kraken.

How to Store Immutable X (IMX)

IMX can be stored in a number of cryptocurrency wallets, including MetaMask, Ledger, and Trezor.

Conclusion

Immutable X (IMX) is a layer-2 scaling solution for NFTs on the Ethereum blockchain. It offers a number of advantages over traditional NFT platforms, including zero gas fees, instant transactions, scalability, and security. IMX is used by a number of NFT marketplaces, NFT games, and metaverses.

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