Immutable X (IMX) Listing on Tuesday, 11th March 2025 at 12 PM CET

We are happy to announce the listing of $IMX. Starting on Tuesday, 11th March 2025, at 12 PM CET. LCX Exchange will support the $IMX

LCX, a leading cryptocurrency exchange, is excited to announce the listing of IMX. Starting on Tuesday, 11th March 2025, at 12 PM CET, LCX Exchange will be supporting the IMX token.

Deposits will begin on Tuesday, 11th March 2025, at 12 PM CET, and the trading pair IMX/EUR will be available to traders.

What is IMX?

IMX is an ERC-20 utility token designed to reward pro-network actions on Immutable X, such as trading, providing liquidity, and building applications. The token aims to align incentives among traders, creators, and marketplaces, ensuring all participants benefit from protocol activity.

Immutable has partnered with the token issuer, Digital Worlds Ltd. NFTS (the “Foundation”), to deploy IMX for use on the Immutable X protocol. Immutable is the exclusive service provider for the Immutable X protocol and token, which will be managed by the Foundation.

No director or employee of Immutable, nor Foundation directors, will receive any tokens directly as compensation for their services or involvement in the project.

Token Utility

IMX serves three primary functions:

This implies that users do not need to hold IMX tokens to perform transactions on the protocol. It’s crucial to note that there is no entitlement, allocation, or rights to revenue of the Immutable X protocol based solely on ownership of IMX tokens.

The goal is to incrementally add to the utility and decentralization of the Token through user voting. To submit a proposal for voting, an individual must own a certain minimum threshold of tokens, which will be specified later. The Foundation can propose items for voting that benefit the ecosystem as a whole and will facilitate the selection of proposals to be voted on by all Token holders.

All proposals that pass the vote will be implemented as soon as possible, considering commercial and technological implementation constraints. Protocol governance takes place on L1, with wallet balances collected from both L1 and L2. The more tokens a user holds, the greater their voting weight.