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Immutable X (IMX) offers gas-free transactions, scalability on Ethereum, decentralised security, seamless interoperability, a specialised NFT infrastructure, and a user-friendly experience. These factors make it an appealing investment choice.
Gas-free transactions: Employs layer-2 scaling solutions to enhance the efficiency of transactions,
Scalability and throughput: Designed to address the scalability challenges of the Ethereum network.
Decentralisation and security: Benefits from the underlying security and decentralisation of the Ethereum blockchain.
Interoperability with Ethereum Ecosystem: seamlessly integrates with the broader Ethereum ecosystem.
NFT-Focused Infrastructure: tailored for NFTs, offering a specialised infrastructure that caters to the unique needs of the non-fungible token space.
User-Friendly Experience: strong emphasis on user experience, aiming to make blockchain transactions accessible to a broader audience.
Immutable X is a decentralised protocol built on Ethereum to facilitate the trading and minting of NFTs. It employs layer-2 scaling solutions to enhance the efficiency of transactions, eliminating gas fees, and ensuring a seamless experience for users engaged in the NFT ecosystem.
Immutable X (IMX) stands out for being a layer-2 scaling solution for Ethereum that focuses on providing fast, secure, and gas-free transactions for NFTs (Non-Fungible Tokens). Its uniqueness lies in being the first layer-2 protocol for NFTs that operates on Ethereum, offering instant trade confirmation, scalability, and ecological sustainability.
The price of IMX is typically determined by market forces, influenced by factors such as demand and supply dynamics, market sentiment, adoption rate, and the overall performance of the NFT market. External factors, including developments in the blockchain and crypto space, can also impact IMX's price.
IMX was created by the team behind Immutable, a blockchain technology company. The primary motivation for creating Immutable X was to address the challenges associated with NFT transactions on the Ethereum network, such as high gas fees and slow confirmation times. The goal is to provide a scalable and user-friendly platform for NFT trading and minting.
The total supply of IMX refers to the maximum number of IMX tokens that can ever be in circulation. To provide the most accurate information on the current supply, it's recommended to check real-time data from reliable sources, as token supplies can be subject to changes based on the protocol's design and governance decisions.
At BTC Markets, we give our clients the technology and resources they need to buy, sell, and trade cryptocurrency securely. Our sophisticated trading platform, designed for all traders, is protected by institutional-grade compliance (ISO 27001, SOC1), multi-signature technology (Bitgo), two-factor authentication (2FA), biometric scanning, cryptocurrency address whitelisting and onshore asset custody. Our platform has a seamless user interface, lightning-fast trade executions, an uptime of 99.99% that leads the industry, and several API integrations.
We are 100% Australian owned and operated with locally based customer support, available seven days a week to help you with any questions, from account setup through to transaction execution. We offer an onshore OTC Desk and dedicated Account Managers to assist with high-volume trades to manage slippage and exposure to market fluctuations and provide direct access to our global network of liquidity providers and same day transactions.
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To store and transfer IMX, you need to use a wallet. There are several kinds, and some are more secure than others. Two general types of wallets are hot storage and cold storage.
Hot storage or software wallets are stored on devices connected to the internet like a computer, smartphone, or an exchange.
Cold storage are devices not connected to the internet like dedicated hardware wallet devices like Ledger or Trezor. Other forms are paper wallets or more durable materials like wood, metal, or fireproof wallets. Cold storage wallets are the safest to use because they are not connected to the internet.
