Immutable X

What is IMX and how Does It Work?

Immutable X, a Layer 2 scaling solution for Ethereum, utilizes zero-knowledge proof (zk-rollup) technology, aiming to address concerns related to Ethereum network's scalability. This Layer 2 solution enables higher pace and lower cost transactions on the Ethereum network. It has a specific focus on the non-fungible token (NFT) sector, enhancing user interactions with NFT creation and trading on the Ethereum blockchain. Through zk-rollup technology, the platform can facilitate batch processing of transactions, thereby promoting scalability. Within the Immutable X ecosystem, its native token, IMX, fulfils various functions, such as covering transaction fees and staking, as well as governance. Immutable X is an Australian product, crafted by Immutable, an organization backed with blockchain developers and industry professionals. It has gained recognition from several noteworthy projects and collaborators. Immutable X could possibly enhance Ethereum's scalability and utilization for NFTs by lowering gas fees and reducing network congestion, potentially facilitating a more efficient NFT experience.

The Vision and Mission Behind IMX

The IMX token functions within the Immutable X Layer 2 solution in a variety of ways geared to enhance user experiences. It plays a key role in protocol governance, providing users with a platform to actively participate in important decision-making processes relating to the platform's future growth. Furthermore, IMX is utilized as a staking token, allowing you to be an active part of the network's functionality. It also assists in dealing with fees within the Immutable X system, thus facilitating smooth operations across various applications. These functionality characteristics align IMX with the mission and vision of Immutable X.

How to Buy and Store IMX?

To purchase IMX, Flooz.xyz offers a streamlined process that provides a one-stop solution for buying this token. With Flooz.xyz, you can trade IMX directly and easily, all without the need to own a wallet. It's as simple as tap, tap, go! All payment methods are supported, ensuring a hassle-free checkout experience. But that's not all - Flooz.xyz also offers a reliable and convenient self-custodial web wallet. By using the Flooz web wallet, you can seamlessly store, send, and receive IMX tokens. Creating a self-custodial wallet on Flooz.xyz is quick and easy, allowing you to start trading in a matter of seconds. Plus, this powerful wallet ensures that you have full control over your funds at all times, thanks to the power of cryptography. Additionally, Flooz.xyz aggregates over 50+ providers to offer you the fastest and cheapest payment routes for your trades. With over 85,000 active traders already using Flooz.xyz, you can trust in the efficiency and security that this platform provides.

IMX Metrics:

• Current price: $1.8178

• Market cap: $3.64 B

• All-time high: $9.52 (Nov 26, 2021)

• All-time low: $0.38 (Dec 31, 2022)

• Daily trading volume: $298.75 k