When was the Immutable (IMX) coin issued?

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.