Immutable X
Immutable XIMX1.50$ -5.87%

Layer 2 for NFTs on Ethereum

56 Rank
2.32B$ Market Cap
24.46M$ 24H Volume

IMX price live chart

1.50$-5.87%
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Immutable X Price statistic
Immutable X price today
Immutable X price
1.50 $
Price change (24h)
5.87% -0.09 $
Trading volume (24h)
24.46M $
Market Dominance
0.044%
Market rank
#56
Immutable X price history
All Time High
Sep 8 2021 (2 years ago)
90.03% 15.00 $
Immutable X Market Cap
Market Cap
2.32B $
Immutable X Supply
Circulating Supply
1.54B IMX

Download Immutable X wallet app

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Monitor your IMX balance in USD

You can track your Immutable X value in 11 fiat currencies: USD ($), RUB (₽), EUR (€), INR (₨), THB (฿), KRW (₩), UAH (₴), GEL (₾), TRY (₺), GBP (£), BRL (R$).

Receive IMX in ETH network

Cropty cryptocurrency wallet supports Bitcoin, Ethereum, BNB Chain, Polygon and Tron networks. To receive Immutable X in Ethereum (ERC-20) network, just download the app, sign up and share your public address or QR-code with th sender.

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No more confusion with crypto public addresses: in the Cropty cryptocurrency wallet you can send Immutable X just by mobile phone number, QR-code and even a nickname! Make instant zero-fee Immutable X transfers in your usual ways.

IMX wallet mobile app for iOS and Android

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Immutable X basics

Name

IMX

Category

Infrastructure

What is Immutable X?

Immutable X operates as the first-ever Layer 2 scaling solution for NFTs on the Ethereum blockchain. Utilizing zk rollup technology, Immutable X aims to solve high gas fee and scalability concerns when minting and trading NFTs.

Immutable X token type

Token name

IMX

Token type

ERC-20

Token uses

Payments, Vote

What is Immutable X used for in 2024?

IMX tokens primarily serve "pro-network" functions such as building applications, direct value exchange, and providing liquidty. More specifically, the IMX token draws fees, can be staked, and offers decentralized governance.

Below are descriptions of each utility:
-20% of network fees must be paid in IMX. Users do not need to hold IMX to facilitate these transactions, as the network can automatically swap the actual purchase currency (e.g. participants can pay 100% in ETH, and Immutable will convert the mandatory 20% into IMX).
-All fee-produced IMX tokens are sent to a staking rewards pool. This pool proportionally distributes tokens on a daily basis to those actively staking IMX tokens. For IMX tokens to be considered staked, they must be held on L1 or L2 and the member must have voted on a governance proposal within the past 30 days. Additionally, members must have completed a trade within the preceding 30 days or be holding an NFT on the network. **

Note: Rewards are distributed on L2, dictating that members must have an L2 wallet linked to their L1 wallet to receive reward tokens.

-Member voting accounts for a significant portion of the token’s utility. To vote on proposals, the member must be holding a certain number of tokens. This threshold, like other governance protocols, is subject to change pending the voting community. Potential voting proposals include supply changes, token reserve allocations, and developer grants.

Immutable X history and first price

Launch style

Private Sale, Fair Launch

When did Immutable X launch?

5% of the total supply was made eligible as part of the public sale, as it was divided into discount and non-discounted tranches. According to the whitepaper, the public sale (5% of total supply) contained a normal and discounted tranche. The discounted tranche accounted for 40M tokens (six month cliff), while the non-discounted tranche accounted for 60M tokens (three month cliff).

Could not participate: Australia, Canada, China, Crimea Region, Cuba, Hong Kong, Iran, Syria, US non-accredited investors. Additionally, a private sale was conducted during a similar time frame. Shortly thereafter, 6,000,000 tokens were made available on Huobi as part of an IEO.

How did Immutable X come about?

Developed from a partnership between StarkWare and Immutable, Immutable X serves as a direct response to the current challenges facing NFT ecosystems on Ethereum. NFT transactions have accounted for as high as 30% of all network activity, often experiencing slow processing times, high gas fees, and even failed trades. Immutable X employs a specific zero knowledge (zk) rollup, called a zk STARK (developed by StarkWare) to combat these persistent issues. The network boasts up to 9,000 transactions per second, while using no gas costs, and leveraging Ethereum’s Layer 1 security.

A primary goal of Immutable X is to serve as a back-end, liquidity platform for products, marketplaces, or games using NFTs. Additionally, the project seeks to lower entry barriers for game developers by implementing APIs and programming language-specific SDKs. This is to facilitate much faster game development and promote greater access to the Immutable X wallet in a platform-agnostic manner.

Immutable X also posits itself as a true carbon-neutral organization, relying on its zk rollup solution to greatly minimize any significant carbon footprint. The remaining emissions created are subsequently offset through various monetary investment efforts.

Functionally, any NFT on Immutable X can be traded anywhere within a partner organization’s ecosystem. For example, Immutable X and GameStop have agreed to a partnership, where Immutable X will become a Layer 2 platform for GameStop’s NFT marketplace, and GameStop will establish up to $100M worth of IMX tokens for developer and contributor grants. Once launched, the marketplace will have access to every Immutable-developed game asset moving forward.

Immutable X roadmap 2024
ERC 20/ERC721 transfer
January 1970 ·

Enables user transfer of ERC 20 and 721 tokens from L2 wallets to other L2 wallets from Immutable X marketplace

Maker/taker fees on trades
January 1970 ·

Implementation of ecosystem fees on all trades within the Immutable X marketplace

Staking
January 1970 ·

Enables users to stake their IMX tokens to receive shares of the overall protocol trading volume

Ecosystem maker/taker fees
January 1970 ·

Marketplaces can determine maker and taker fees applied to all buy orders and sell orders made on their marketplace. Maker and taker fees allow for the marketplace to receive revenue even if an NFT is listed (made) on their marketplace but sells (taken) on another marketplace

Calculate L2 IMX balances and vote weights for governance
January 1970 ·

Support for calculating IMX L2 balances and L1 wallet vote weight for governance purposes via Snapshot.

Off-ramp L2 Eth and USDC to fiat
January 1970 ·

Users will be able to exchange L2 ETH and L2 USDC directly for fiat. The fiat will be directly deposited into users bank accounts

Off-ramp L2 ETH and USDC to fiat
January 1970 ·

Users will be able to exchange L2 ETH and L2 USDC directly for fiat. The fiat will be directly deposited into users bank accounts

On-ramp Fiat to L2 ETH and USDC
January 1970 ·

Users will be able to buy ETH and USDC with their credit card and have it instantly deposited into their Immutable X L2 wallet

Protocol Fee
January 1970 ·

Implementation of the 2% protocol fee that is applied to all transactions on the protocol. This includes transacting payment currencies into IM

Enable bulk NFT transfers
January 1970 ·

When a user wants to transfer many NFTs at once, the system will process them in batches of 50, requiring the user to sign for every NFTs being transferred

Email wallet creation/login
January 1970 ·

Users will be able to create and log into their Immutable X L2 wallet by using their email address

Bulk NFT transfer user experience
January 1970 ·

The user experience for transferring many NFTs at once will be updated so that it’s clear when all NFT transfers are complete

Mainnet Launch
April 2021 ·

Completion of initial blockchain development

ICO
September 2021 ·

Final day of initial public token sale

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Immutable X technology explained

Immutable X utilizes its STARK zk rollup scaling solution to achieve both lower costs and scalability. Primarily, its architecture is comprised of the rollup scaling engine, Link UI, and its APIs. The APIs wrap the Immutable X exchange engine's logic in a way that prevents developers from needing to interact with smart contracts directly. This, in conjunction with its SDKs, ultimately allows developers to focus on the fundamental components of game design while back end tasks are relegated to Immutable X.

To support consistent data availability to its users, the protocol maintains two availability modes, rollup and validium. Rollup mode incurs a small linear transactional cost as state changes between batches are published to L1. In validium mode, each batch is signed by a Data Availability Committee (DAC) to indicate proof of data retention. This is so that even in the event of Immutable going offline, users will still be able to access their data.

Assets can be minted on L2 with immutable metadata, which acts as a blueprint when interacting with L1 move or withdraw assets. This makes ERC 721 tokens both highly accessible and secure, while supporting a far higher quantity and speed when minting NFTs. To finalize transactions, users must provide key pair signatures taken from the network's STARK protocol. Immutable X has built what they call "Link" Layer between any Ethereum wallet and Immutable X. The key pair is ultimately generated based on the user's signature of a security message. With this utility, even if the STARK key pair becomes lost, signatures can be re-generated using an Ethereum signature, as the wallet's security is tethered to its corresponding Ethereum wallet. From a usability perspective, users can authorize various asset transactions from partner platforms, as partners of the project can embed the Link interface directly.

Building on the project's Link interface, a further aim revolves around providing more ubiquitous liquidity for developers and network participants. By maintaining a shared orderbook, all connected marketplaces will show Immutable's listed assets. This means that users can transact with assets from a different marketplace than they are currently using. More collective asset listings raises visibility and subsequently, demand. Maker and taker fees are automatically configured by Immutable's shared asset book.

Immutable X core contributors
User photo
Alex Connolly
CTO
User photo
James Ferguson
User photo
Robbie Ferguson
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Immutable X supply limit

General Emission Type

Fixed Supply

Precise Emission Type

Burn & Mint Equilibrium

Is capped

Yes

Max supply

2000000000

Immutable X supply curve details

Initial sales (private and public totaled 385M tokens. The discounted public tranche carried a six month unlock duration, where as the non-discounted tranche carried only a three month unlock duration. Neither mandated a cliff, unlike the private sale, which has a one year cliff and subsequent 18 month unlock duration.

Project development has a four year unlock period and one year cliff.

Ecosystem development is comprised of both daily reward and developer grants. The ecosystem rewards are somewhat variable, as they have different unlock capacities, unlock dates, and pending release schedules. Specifically, only 66.6% of daily reward are subject to locking, unlike the developer grants (100%). Neither employ a cliff, however the unlock period for developer grants totals two years, as opposed to only six months for daily rewards.

The foundation reserve employs no cliff and no locking period. All other token allocations maintain a 28 day unlock frequency.

The ecosystem rewards are somewhat variable, as they have different unlock capacities, unlock dates, and pending release schedules. While the max supply is 2,000,000,000, ecosystem tokens (rewards and developer grants) were removed from the release schedule.

Who funds Immutable X core development?
User photo
Apex Capital
User photo
Coinbase
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currency. Founded in June of 2012, Coinbase is one of the world's oldest and largest digital currency wallet and exchange platforms. They have served 20 million users and have processed $150 billion of digital currency transactions as of December 2018.
User photo
Continue Capital
User photo
Galaxy Digital
Galaxy Digital is a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, and blockchain technology. Galaxy Digital currently operates four distinct business lines, which include: Trading (arbitrage, macro, market making/OTC), Asset Management (management of external capital across passive and ecosystem funds), Principal Investing (private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies), and Advisory (capital markets, M&A/restructuring, and technical consulting services to both start-ups and established institutions). Galaxy Digital’s CEO and Founder is Michael Novogratz.
User photo
Naspers
User photo
Nirvana Capital
Nirvana Capital is a San Francisco/Beijing based blockchain fund that focuses on primary market investment and exploration in edging ideas of technology and economics. Its founding partners are also early supporters of Ethereum. To bring together ecosystems that revolutionize the social productions and labor relations with the communities underneath, Nirvana Capital provides end-to-end strong support to its portfolio projects, including advisory on strategies/operations and resources matching.
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USD to IMX converter
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Immutable X consensus

General consensus mechanism

Proof-Of-Stake, Other

How Immutable X works?

As part of its ecosystem development component, Immutable X allocates some of its supply to user rewards, liquidity, and marketing collateral. Immutable X allows members to earn points by actively participating in network activities. These activities include trading, depositing, or mining assets. Precise calculations for points remain subject to adjustment pending network demands and voting outcomes. 66.6% carry a six-month linear unlock to promote longer-term participation in the network.

The rollup methodology generates a validity proof, submitting those proofs to an L1 smart contract. Natively, this rollup permits for more than 9,000 NFT transfers, trades and mints per second.

Assets remain in state as a Merkle tree (every leaf node is a vault containing an asset). The other nodes exist as a hash of its two children. The logic governing this tree is encoded in an on-chain smart contract (governing deposits, withdrawals, and state updates) as well as the L2 proof logic, written in StarkWare’s Cairo language. This will determine the 7 requirements for valid state transitions (the asset being transferred is owned by the user transferring it).

Immutable X governance

Onchain governance type

Direct On-Chain Vote

What is Immutable X governance?

FAQ
1.What is the best app to store Immutable X?

Store Immutable X with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer IMX from external wallet.
2. How can I receive Immutable X?

Receive Immutable X to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Immutable X safely?

You can transfer your Immutable X holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Immutable X holding except you.

4. How to start investing in Immutable X easily and securely?

Start investing in Immutable X with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer IMX from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Immutable X. Cropty targets to become one the best crypto wallets for Android and iOS in 2024. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Immutable X as payment?

You can receive Immutable X as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Immutable X IMX safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Immutable X holdings immediately.

7. How can I receive Immutable X donations?

You can receive Immutable X donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Immutable X without verification?

You can receive Immutable X donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Immutable X without fee?

You can send Immutable X instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Immutable X?
  1. Sign up to Immutable X wallet.
  2. Top up your balance with Immutable X.
  3. Store, trade or deposit your Immutable X.
  4. Get Immutable X deposit interest directly to your Cropty wallet.
USD to IMX converter
USD
$
IMX
coin
Immutable X Price statistic
Immutable X price today
Immutable X price
1.50 $
Price change (24h)
5.87% -0.09 $
Trading volume (24h)
24.46M $
Market Dominance
0.044%
Market rank
#56
Immutable X price history
All Time High
Sep 8 2021 (2 years ago)
90.03% 15.00 $
Immutable X Market Cap
Market Cap
2.32B $
Immutable X Supply
Circulating Supply
1.54B IMX
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