Immutable X has established itself as the pioneering layer-2 protocol specifically designed for Ethereum, streamlining NFT transactions with its promise of zero fees and instant processing times.
What Does Immutable X Offer?
As an open-source protocol, Immutable X enables users to create decentralized applications, including marketplaces and gaming platforms. It boasts a remarkable capability of handling 600 times more transactions per second than conventional Ethereum NFT marketplaces, ensuring a seamless experience for users and gamers.
Is Immutable X a True Exchange?
Despite being labeled an “exchange,” Immutable X primarily functions as a marketplace. With a peer-to-peer design that boasts 9,000 transactions per second, it is essential for gamers, where every second counts, to avoid any delays that could negatively impact their performance.
The platform allows users to mint and deploy NFTs efficiently, either individually or in bulk, and does so without charging any fees. NFTs created on Immutable X are instantly available for trading in the market while benefiting from Ethereum’s robust security.
IMX serves as the platform’s native utility token, designed as an ERC-20 token to promote ecosystem growth through community rewards and staking. With a total supply of 2 billion tokens, IMX grants users voting rights on key platform decisions. However, ultimate control remains with the Immutable X team.
Where Can Users Purchase IMX Coin?
To obtain Immutable X Coin, users can trade securely on Binance, the largest cryptocurrency exchange globally. IMX Coin is available in several trading pairs, including IMX/BTC, IMX/USDT, and IMX/BUSD.
To buy IMX, users should register on Binance, deposit cryptocurrency or fiat, and then select the desired trading pair. For instance, selecting IMX/USDT allows users to specify the amount and proceed with the purchase by placing a Buy IMX order.
