Immutable Coin (IMX) is the native token of ImmutableX, a layer-two scaling solution for Non-Fungible Tokens (NFTs) on the Ethereum blockchain. Here’s what you need to know:
- Purpose and Features:
- ImmutableX aims to address Ethereum’s limitations, such as low scalability and high transaction costs.
- It provides instant trading, massive scalability, and gas-free NFT minting.
- Using StarkEx zero-knowledge rollups (ZK rollups), ImmutableX achieves transaction speeds of up to 9,000 transactions per second (TPS) while leveraging Ethereum’s security.
- The ImmutableX Marketplace is the first gas-free NFT marketplace on Ethereum.
- Problems Solved:
- Ethereum historically faced scalability issues, affecting transaction throughput and gas fees.
- Web3 games, which rely on microtransactions, benefit from ImmutableX’s scalability.
- Web3 games allow players to truly own in-game assets as NFTs, enabling value extraction and cross-environment portability.
- Earning IMX:
- You can buy IMX directly on major exchanges like Coinbase, Gemini, and Binance.
- Additionally, you can earn IMX through the ImmutableX Trading Rewards program by trading NFTs on integrated marketplaces⁷.
- Staking IMX is another way to maximize holdings and earn staking rewards⁸.
Remember, cryptocurrency investments carry risks, so always research and make informed decisions! 😊
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