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What is Immutable X (IMX), How and Where to Buy It?

Blockchain technology continues to bring new generation technologies and developments to the world, as well as cryptocurrencies. Immutable X project and IMX Token are just one of the most popular projects of the last period…

In this content, we will try to give you the answers to the most frequently asked questions such as what is Immutable X and what is IMX Token, how and where to buy it.

What is Immutable X?

Immutable X is a Layer 2 project built for NFTs in the Ethereum ecosystem and on the Ethereum blockchain.

Aiming to implement zero gas fees, instant trading and carbon neutral NFTs for marketplaces, games and applications on the Ethereum blockchain without compromise, Immutable X also enables NFTs to be created in a short time with the API it provides.

According to Immutable X, which advertises itself as a “Limitless Exchange Protocol”, the future of asset trading is digital. With this in mind, the highlights of Immutable X, which enables NFTs to be traded in an open, decentralized ecosystem secured by Ethereum, are as follows:

  • Zero gas fees for peer-to-peer trading,
  • Determination of trade fees,
  • Opportunity for users to use their own private keys,
  • Massive scalability up to 9,000+ TPS,
  • Secured by Ethereum and a true L2 technology inheriting the security of L1,
  • Any NFT created or traded creates a 100% neutral carbon footprint.

In addition to these features, Immutable X, which also has a tool called Immutable X Mint, enables the creation and easy distribution of custom crypto assets. In addition to offering created assets with zero gas fees and securing Ethereum, Immutable X Mint also provides very fast transaction processes and single or multiple transaction options.

With the mission of continuous improvement, Immutable X performs 600 times faster than normal Ethereum performance and supports more than 9,000 transactions per second; Zero cost fee, zero knowledge proof, compatibility with metaverse and GameFi, a flawless system against hacking attacks, 100% reliability and environmental friendliness with zero carbon footprint are among its missions.

What is IMX Token?

IMX Token is the Ethereum-based native token of the Immutable X project.

Aiming to power Ethereum’s NFT ecosystem, IMX Token is tried to be kept strong in the market, provided that it is used as a minimum 20% payment method in Immutable X transactions. In addition, in the governance system of the Immutable X project, users and investors with IMX Tokens have the right to vote.

IMX Token, which has the staking feature and therefore offers the chance to win prizes, is designed to have a total supply of 2,000,000,000. While 4% of this total supply is kept as reserves, 19.26% of it was sold through private and general pre-sales, 25% was allocated to develop the project and the remaining 51.74% was allocated to the ecosystem.

In addition to Immutable X, which also has the Play to Earn project, there is a Play to Win system to ensure that IMX Tokens are kept in wallets. Depending on the game called Gods Unchained, users who play this game and connect their game account to Immutable X will be able to win 100,000 IMX Tokens distributed as a reward.

Where to Buy IMX Token?

There are basically two basic methods to purchase IMX Tokens: centralized crypto exchanges and decentralized crypto exchanges.

UniSwap, an Ethereum-based DEX platform, can be preferred from decentralized crypto exchanges, while centralized crypto exchanges that list IMX Tokens can also be preferred.

How to Buy IMX Token?

If you want to buy Immutable X (IMX) Tokens through a central crypto exchange, you can buy IMX Tokens on Gate.io Exchange, one of the crypto exchanges listing IMX Tokens, by following the steps below:

    • Login to your Gate.io Exchange account. If you do not have an account on the Gate.io Exchange, click here to create one.
    • Transfer as much as the IMX amount you want to purchase after logging into your account. You can use the Tron (TRX) cryptocurrency due to convenient transfer fees.
    • After your transfer arrives on your Gate.io account, go to the Markets page and first convert your transfer to Tether (USDT) and then type IMX in the search section and select the IMX/USDT parity.
    • On the page that opens, determine the amount you want to buy and click the Buy IMX button to complete the purchase.

If you want a different central crypto exchange instead of Gate.io Exchange, you can still choose the MEXC Exchange that lists IMX Tokens.

You can open an account on the MEXC Exchange and click here to buy IMX Tokens.

Frequently Asked Questions About Immutable X (IMX)

In this section, we will try to answer the most frequently asked questions by users about Immutable X and IMX Token. This area will be updated regularly with requests and questions from you.

What is Immutable X Coin?

Since Immutable X is a project built on the Ethereum blockchain, Immutable X (IMX) is a token unit, not a coin. Therefore, terms like Immutable X Coin or IMX Coin are incorrect terms.

Is Immutable X (IMX) a Future Project?

Since Immutable X is a project that has Ethereum security and was found very successful by Ethereum’s founder, Vitalik Buterin, its future seems bright. In addition to the features and technologies it offers, the fact that it supports metaverse and GameFi makes the project stand out..

Is Immutable X (IMX) Available on Binance Exchange?

Although Immutable X is listed on many crypto exchanges, it is not yet listed on the Binance Exchange. The main crypto exchanges listed are as follows:

Official and Followable Accounts of Immutable X (IMX)

Immutable X (IMX) Official Website
https://www.immutable.com/

Immutable X (IMX) Twitter
https://twitter.com/Immutable

Immutable X (IMX) Telegram
https://t.me/immutablex

Immutable X (IMX) Reddit
https://www.reddit.com/r/ImmutableX/

Immutable X (IMX) Discord
https://discord.com/invite/6GjgPkp464

Immutable X (IMX) CoinMarketCap
https://coinmarketcap.com/currencies/immutable-x/

Immutable X (IMX) CoinGecko
https://www.coingecko.com/en/coins/immutable-x

Esat Demirtaş

Esat Demirtas, who has been involved in corporate business life for a long time and has gained experience in corporate and financial management; He is the editor-in-chief of Binansal and also conveys news, information and developments about the crypto world to Binansal readers.