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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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