IMX coin issuance and listing trading platforms at a glance

IMX, the native token of the Immutable X protocol, was issued on November 3, 2021, and promptly listed on major crypto exchanges, contributing to its significant trading volume and market cap.

Oct 20, 2024 at 02:23 pm

IMX Coin Issuance and Listing: A Comprehensive Overview

1. IMX Coin Issuance

IMX (Immutable X), the Ethereum-based layer-2 protocol for NFTs, issued its native token on November 3, 2021. The IMX token serves as a governance token within the Immutable X ecosystem, allowing holders to participate in decision-making and influence the protocol's future development.

2. Listing on Trading Platforms

Following its issuance, IMX was promptly listed on several major crypto exchanges. Here are the platforms where IMX was first traded:

Binance: November 4, 2021
Coinbase Pro: November 5, 2021
Huobi: November 8, 2021
FTX: November 10, 2021

3. Expansion of Trading Platforms

Since its initial listing, IMX has been added to a growing number of reputable exchanges. As of August 8, 2023, IMX is available on over 20 platforms, including:

Crypto.com
KuCoin
Uniswap
OKX
Bybit

4. Trading Volume

IMX has experienced significant trading volume since its launch. Within the first 24 hours after its listing on Binance, IMX's trading volume exceeded $1 billion. According to CoinMarketCap, IMX is consistently ranked among the top 50 cryptocurrencies by trading volume.

5. Current Price and Market Cap

As of August 8, 2023, the price of IMX is approximately $0.75. The current market capitalization is roughly $600 million.

Conclusion

The issuance and listing of the IMX token have been significant milestones in the development of Immutable X. The availability of IMX on major trading platforms has increased its accessibility and liquidity. The growing trading volume and market cap are indicative of the token's value and utility within the crypto community.

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