What is Immutable?
Essential Details:
- Immutable X was co-founded by three co-founders: James Ferguson is currently CEO, Robbie Ferguson is another co-founder who is president, and Alex Connolly is currently the company's CTO.
- Immutable X is a Layer 2 of Ethereum. What is special about Immutable X is that it is built specifically to improve NFT transactions, offering higher speed and lower gas fee for users on the network.
Immutable X has a coin called the IMX coin, limited to 2,000,000,000 IMX data as of March 11, 2022 from the website coinmarketcap.com indicates that 235,284,001 IMX coins have been produced, the total market capitalization is $378,124,069 (approximately 12,580 million baht), used to make the highest price at $9.50 USD per coin as of November 26, 2021.
IMX coins can be divided as follows.
- 51.74% – for system development
- 25% – for project development
- 14.26% – Direct Sales to Organizations or Individuals
- 5% – Sell to the public
- 4% – keep in funds
Benefits of IMX Token?
IMX is a native token of Immutable X, which is designed to support the use of NFT on mass adoption scale.
The benefits of IMX are as follows;
- Pay for transaction fee - any transaction related to NFT that occurs on Immutable X will include a transaction fee that uses IMX as a medium.
- Staking for rewards - IMX holders can participate in a staking program in order to improve the overall security of the network. The IMX tokens that are deducted from the aforementioned transaction fee will be compiled in the Staking Rewards Pool and then distributed to participants on a monthly basis.
- Governance - IMX token also grants its holders the right to participate in the governance of the network.
Why invest in Immutable X?
- Immutable X is Ethereum's Layer 2 so it is highly secure.
- Using Layer 2 makes gas fees cheap, fast and accurate.
- Mainly supports NFT trading.
- Immutable X wallet, there is a feature that allows users to generate Private Key as well.
Website : https://www.immutable.com/
Whitepaper : https://docs.x.immutable.com/docs/minting-on-immutable-x
