The current price of Immutable X (IMX) is $0.4429 USD**, with a 24-hour trading volume of **$24.55 million. IMX has experienced a +0.00% change in the last 24 hours. The circulating supply stands at 1.87 billion IMX, with a maximum supply capped at 2 billion IMX.
What Is Immutable X?
Immutable X is the premier Layer 2 scaling solution for Ethereum-based NFTs, offering:
- Instant trading with zero gas fees.
- Unmatched scalability without compromising security.
- Advanced technology powered by StarkWare’s STARK proofs and rollup tech.
The native IMX token (ERC-20) serves multiple functions within the protocol:
- Earning rewards through network activities (e.g., trading).
- Paying fees, governance participation, and staking.
A Brief History of Immutable X
Founded in 2018 by James and Robbie Ferguson, Immutable X was designed to solve Ethereum’s NFT scaling trilemma:
- Accessibility: Low-cost transactions.
- Scalability: High throughput for mass adoption.
- Decentralization: User custody and security.
Key milestones:
- $15M Series A funding led by Naspers Ventures, Galaxy Digital, and Apex Capital Partners.
- First carbon-neutral NFT chain via partnerships with Trace and Cool Effect.
How Immutable X Works
Core Features:
- Batch Minting: Effortlessly issue NFTs in bulk.
- Flexible API: Enables third-party dApp integration.
- Solidity Compatibility: Developers can migrate Ethereum dApps without rewriting code.
Eco-Friendly Commitment:
- Carbon-neutral operations through verified climate partners.
- Volition Model: Users choose between zk-Proof (Validium) or zk-Rollup for asset security.
Use Cases for Immutable X
Token Utility (IMX):
- Pay for smart contracts and asset creation.
- Trade on major exchanges.
- Stake to earn passive income and network rewards.
NFT Dashboard:
- Create, issue, and distribute ERC-721/ERC-20 tokens.
- Customizable trading parameters for decentralized marketplaces.
FAQs About Immutable X
1. What makes Immutable X different from other NFT platforms?
Immutable X combines Ethereum’s security with Layer 2 scalability, eliminating gas fees while ensuring instant trades.
2. How do I earn IMX tokens?
Participate in pro-network activities like trading or staking IMX for rewards.
3. Is Immutable X eco-friendly?
Yes! It’s the first carbon-neutral NFT chain, offsetting emissions through verified partners.
👉 Discover how to stake IMX for passive income
4. Can developers use existing Ethereum tools?
Absolutely. Immutable X supports Solidity, so no recoding is needed.
5. What’s the max supply of IMX?
2 billion IMX, with 1.87 billion currently circulating.
6. How does Immutable X ensure asset security?
Through zk-Proofs and zk-Rollups, allowing users to choose their preferred security model.