IMX Specifications

Type

TOKEN

Algorithm

Ethash

Protocol

PoW

Start Date

21/10/2021

Max Supply

2,000,000,000

Circ. Supply

1,719,283,101

Website

Explorer

Social Media

Info

Immutable X (IMX) is a Layer 2 blockchain built to scale NFTs on Ethereum, eliminating gas fees and enabling instant transactions. It provides a secure platform for creators, traders and developers. IMX powers governance, staking and transaction fees while being available on leading exchanges to maintain liquidity across its ecosystem.

Market Impact

Immutable X has reshaped the NFT ecosystem by offering a gas-free and efficient trading environment. Its ability to support high transaction volumes has enhanced the adoption of token swaps, while its availability on major exchanges has broadened market participation and increased liquidity across DeFi and NFT sectors.

History

Immutable X was launched by Immutable and StarkWare to solve Ethereum's high gas fees and scalability challenges, particularly for NFTs. The platform introduced zk-rollup technology, which combines scalability with Ethereum-level security. Since its launch, Immutable X has integrated token swaps and gained traction by becoming a vital infrastructure for NFT marketplaces.

Features

Gas-Free Transactions
Immutable X eliminates gas fees for minting and trading NFTs, making it cost-effective for users engaging in token swaps.
High Scalability
The platform processes thousands of transactions per second, enabling smooth and efficient exchanges for digital assets.
zk-Rollup Security
By leveraging zk-rollup technology, Immutable X ensures secure and decentralized processing for assets, protecting users and platforms alike.

Website

Explorer

Social Media

*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.