The live price of Immutable X (IMX) today is 1.4508 USD, and with the current circulating supply of Immutable X at 1,605,299,431.39 IMX, its market capitalization stands at 2,329,045,928 USD. In the last 24 hours IMX price has moved -0.0383 USD or -0.03% while 35,324,220 USD worth of IMX has been traded on various exchanges. The current valuation of IMX puts it at #42 in cryptocurrency rankings based on market capitalization.
Learn more about the Immutable X blockchain network and how it works or follow the price of its native cryptocurrency IMX and the broader market with our unique COIN360 cryptocurrency heatmap.
Reasons for investing in Immutable X (IMX) | Reasons against investing in Immutable X (IMX) |
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Immutable X (IMX) is a Layer 2 scaling solution for Ethereum that focuses on enabling fast, secure, and scalable transactions specifically for non-fungible tokens (NFTs). Developed to address Ethereum's limitations, such as high gas fees and slow transaction times, Immutable X leverages the power of Zero-Knowledge Rollups (zk-rollups) to offer near-instant transaction confirmations and negligible gas fees. This makes it particularly well-suited for applications in the gaming and digital collectibles space, where the volume of transactions can be substantial.
IMX is the native token of the Immutable X platform, used to incentivize participation in the network, pay transaction fees, and govern the protocol. The goal of Immutable X is to provide a seamless and user-friendly experience for creating, buying, and selling NFTs while maintaining the security and decentralization of the Ethereum blockchain.
Immutable X employs zk-rollups to aggregate thousands of transactions into a single batch, which is then processed off-chain. This significantly reduces the load on the Ethereum network and minimizes gas fees. By doing so, Immutable X can achieve high throughput and quick transaction finality without compromising on security.
Immutable X is committed to environmental sustainability. The platform achieves carbon neutrality by offsetting the carbon footprint generated by its operations. This is particularly important in the NFT space, which has faced criticism for its environmental impact due to the high energy consumption of blockchain transactions.
Immutable X offers a user-friendly experience with instant trade confirmations and zero gas fees for peer-to-peer trading. This lowers the barrier to entry for users who may be deterred by the complexities and costs associated with other platforms.
Immutable X provides robust APIs and SDKs that allow developers to easily integrate its technology into their applications. This fosters innovation and enables the rapid development of new NFT projects and gaming applications.
The platform supports a wide range of NFT marketplaces, enhancing liquidity and enabling seamless trading across different platforms. By integrating with popular NFT marketplaces, Immutable X ensures that users can easily buy, sell, and trade their digital assets.
Immutable X was developed by Immutable, an Australian technology company co-founded by brothers James and Robbie Ferguson. Immutable is known for its popular blockchain game, Gods Unchained, which served as a proof of concept for Immutable X's capabilities. The company has raised significant funding from prominent investors and continues to expand its ecosystem through partnerships and collaborations.
The ownership of Immutable X is decentralized, with a governance model that includes IMX token holders. Token holders have the ability to vote on key decisions regarding the protocol, ensuring that the community has a say in its development and future direction.
Staking IMX involves locking up a certain amount of tokens to support the security and operations of the Immutable X network. In return, stakers can earn rewards in the form of additional IMX tokens. Here are the general steps to stake IMX:
First, you need to acquire IMX tokens from a cryptocurrency exchange that supports them. Some popular exchanges include Binance, Coinbase, and Huobi.
The Immutable X community has a staking platform, or you can use a third-party staking service. Just be sure that the platform you choose is reputable and secure.
You can deposit between US$10 and US$10,000 worth of IMX tokens into the staking platform. Follow the instructions to stake them. You will be asked to specify the amount of IMX you want to stake and agree to lock them up for a certain period.
Once staked, your tokens will start earning rewards. These rewards are distributed every 2 weeks, a timeframe known as epochs. You can monitor your staking performance through the platform interface.
To mint NFTs on Immutable X, follow this straightforward process. It’s designed to be accessible even to those new to blockchain technology. Here’s a step-by-step guide:
First, set up a compatible wallet that supports Immutable X, such as MetaMask. Ensure your wallet is funded with ETH to cover any associated costs.
Visit the Immutable X platform and connect your wallet. Follow the prompts to authorize the connection.
Navigate to the minting section of the platform. Here, you can upload the digital file you want to tokenize, such as artwork, music, or other digital assets. Provide the necessary metadata, including title, description, and any relevant attributes.
Once you’ve configured your NFT, initiate the minting process. Immutable X will use zk-rollups to batch the transaction, ensuring it’s cost-effective and fast. After minting, your NFT will be available in your wallet and can be listed for sale on supported marketplaces.
IMX can be purchased on several major cryptocurrency exchanges. Here are some popular options:
Binance is one of the largest and most widely used cryptocurrency exchanges. It offers high liquidity and a variety of trading pairs for IMX.
Coinbase is known for its user-friendly interface, making it an excellent choice for beginners. It supports fiat currency purchases of IMX.
HTX is a major global exchange that provides robust trading features and supports a wide range of cryptocurrencies, including IMX.
KuCoin is a popular exchange known for its extensive list of supported cryptocurrencies and competitive trading fees. It also supports IMX trading pairs.
Gate.io is another reputable exchange that offers IMX among its listed assets. It provides various trading options and supports a wide user base.
Immutable X Price | 1.4508 USD |
Market Rank | #42 |
Market Cap | 2,329,045,928 USD |
24h Volume | 32,527,082 USD |
Circulating Supply | 1,605,299,431.39 IMX |
Max Supply | 2,000,000,000 IMX |
Yesterday's Market Cap | 2,388,619,520 USD |
Yesterday's Open / Close | 1.5263 USD / 1.488 USD |
Yesterday's High / Low | 1.5801 USD / 1.4872 USD |
Yesterday's Change | -0.03% ( 0.0383 USD ) |
Yesterday's Volume | 35,324,220 USD |