ImmutableX (IMX) is the native cryptocurrency of the Immutable X network. It is the first zk-rollup for non-fungible tokens (NFT) on the Ethereum blockchain. Immutable X is a Layer 2 scaling solution that aims to solve the scalability and high transaction costs associated with Ethereum. It utilizes zero-knowledge proofs to enable fast and secure transactions for NFTs.
- Scalability: Immutable X provides a Layer 2 solution that can handle a high volume of transactions, significantly improving scalability compared to the Ethereum mainnet.
- Zero Knowledge Proofs: The use of zero-knowledge proofs ensures privacy and security while maintaining the integrity of transactions on the network.
- NFT Support: Immutable X is specifically designed for NFT transactions, allowing users to seamlessly buy, sell, and trade NFTs with minimal gas fees.
- Ethereum Ecosystem: As an asset built on Ethereum, Immutable X leverages the existing Ethereum network and ecosystem, providing compatibility with existing Ethereum tools and infrastructure.
Immutable X is currently ranked 61st in terms of market capitalization. Over the past 30 days, the price of IMX has seen a 61% increase.
For more information about Immutable X and the IMX token, you can visit their official website: https://www.immutable.com
Immutable X (IMX) is listed on various cryptocurrency exchanges, including:
- Coinbase Exchange
- WOO X
- Crypto.com Exchange
- Uniswap V3 (Ethereum)
- AscendEX (BitMax)
- BtcTurk | Kripto
- Binance US
What is ImmutableX?
ImmutableX is a Layer 2 scaling solution on Ethereum that focuses on enabling fast and secure transactions for non-fungible tokens (NFTs).
What is the purpose of IMX token?
IMX is the native token of the Immutable X network. It is used for various purposes within the network, including transaction fees, staking, and governance.
How does Immutable X ensure scalability?
Immutable X achieves scalability by utilizing zk-rollup technology, which allows it to process a large number of transactions off-chain while maintaining the security and decentralization of the Ethereum mainnet.
Is IMX listed on any cryptocurrency exchanges?
Yes, IMX is listed on multiple cryptocurrency exchanges, including Binance, Coinbase Exchange, Kraken, KuCoin, and many others.