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Exchange Immutable X (IMX)

If you're looking to swap Immutable X, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Immutable X or some fresh information about IMX’s price movements. And, of course, we provide you with the multiple Immutable X exchange options so that you can choose the offer with the best rates and lowest Immutable X fees, as well as other parameters that suit you.

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Immutable X Price Stats

To help you make a decision about exchanging your Immutable X, we gathered some cold hard numbers: Immutable X price chart and other stats, such as Immutable X market cap.

24H HIGH

24H HIGH $0.7694

IMX MARKET CAP

IMX MARKET CAP $1,506,800,000

CIRCULATING SUPPLY

CIRCULATING SUPPLY 2,000,000,000 IMX

24H LOW

24H LOW $0.7506996

IMX PRICE

IMX PRICE $0.7534

24H VOLUME

24H VOLUME $5,172,716.072

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Immutable X Price Chart

Here you can see the current price of Immutable X, as well as Immutable X price history.

What is Immutable X?

What is Immutable X?

Immutable X is a Layer-2 scaling solution for NFT built on top of Ethereum. It claims to overcome the limitations that Ethereum and other major blockchains have, such as low scalability, poor user experience, issues with liquidity, and slow development experience. It offers users instant trading and massive scalability while paying zero fees for minting and trading NFTs. The main goal of the project is to provide a world-class experience for users and developers. 

The main focus of Immutable X is NFTs while the chain itself utilizes the zk-rollups. This technology allows the transfer of the data without exchanging passwords, while still staying secure. As less data is required the transactions become faster and cheaper. Accounts on Immutable X are represented more like indexes than addresses, reducing the transaction size from 32 bytes to 4. 

When the transactions are batched the proof is submitted to the blockchain and verified by a smart contract. The Zk-rollup smart contract maintains all the transaction details on Layer 2 to verify the proof quickly. The computing power and storage to verify the blocks will be lower too.

Immutable X has all the chances to become “the default NFT blockchain” with promised 9000 transactions per second. 

Immutable X utilizes STARK zk-rollups that allows users to create and distribute assets like ERC-20 and ERC-721 tokens on a massive scale. At the same time, the network offers Ethereum-grade security and a user-friendly API. The liquidity is facilitated through shared global order books.

The Immutable X solution was founded by entrepreneur James Ferguson, who previously worked as a leader of the development team for the billion-dollar e-commerce company. The other co-founders are his brother Robie Fergusson and Alex Conolly. The team of Immutable X has over 100 members with experience in the spheres of blockchain, fintech, finance, and management consulting. 

One of the major parts of the Immutable X is the API abstraction layer, which allows minting, creation, and transfer of NFTs with a simple API call. It is supposed to attract new companies to join, for example, established gaming and content companies.

Another advantage is that users don’t need to switch networks to connect their wallets. Additionally, the network provides the intermediate layer called “Link”, which allows Immutable X to support third-party marketplaces without compromising security.

Gods Unchained is just one of the projects that already builds on Immutable X. According to its game Director, the network helped it to implement a new meta-system that was previously impossible. 

IMX is the native utility and governance token of the network. It is used to pay transaction fees and can also be staked to secure the network. It has a total supply of 2 billion tokens.

All the coins are created, issued, and distributed by the partner of Immutable X, Digital World NFTs. To earn tokens users can also earn IMX by completing the activities which are good for the protocol, for example, trading NFTs. 

Average Immutable X Fees

Users must pay 20% of the protocol fee for each transaction that goes to the staking reward pools. Protocol fees are collected each 14-day cycle. The protocol fee is set each month. For example, the protocol fee for June was at the level of 1%, and then returned to the regular 2%. 

IMX Wallets

To hold or trade the IMX tokens the users need an Ethereum wallet. Examples can be MetaMask, Magic, Trezor Model T, Atomic Wallet, Exodus, imToken, Gnosis Wallet, Coinbase, and others. 

A Simple Way To Exchange Immutable X Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1150 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

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