The world of cryptocurrency and blockchain technology is changing rapidly. In the meantime, Immutable (IMX) has emerged as an important project, especially NFTs (Non-Fungible tokens) is designed. In this blog, we will tell you in detail about Immutable, its features, team and how you can buy IMX Token.
What is immutable?
Immutable is a layer-2 scaling solution, designed for NFT on Etreum Blockchain. This means that it works above the Ethereum but also solves problems associated with it such as slow transaction speed, high gas fees and prior user experience.
The main objective of immutable
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Fast Transactions: Ability to process more than 9,000 transactions per second.
Due to this technology, users can easily make ERC-20 and ERC-721 token at large level and trade.
Immutable features
Immutable has some important features, which make it different from other platforms:
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ZK-RLLUPS Technology: This technology makes transactions fast and economical. This means that many transactions are processed simultaneously, which reduces both time and cost.
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Zero Gas Fee (0 Fuel Charges): Users can buy, sell and trade NFTs without any extra fees. This is especially beneficial for gaming and digital art projects.
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Canny API Layer: All the interactions related to NFT can be easily managed through Rest APIS. It is also very easy for gaming companies and content creators.
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Fluid Market: In addition to its native marketplace of Immutable, third party marketplace can also join it. It provides more options for NFT Buying and Selling.
Founder of Immutable
Immutable was founded by James Ferguson and Robbie Ferguson.
James Ferguson: James Ferguson is a successful entrepreneur, which is included in Forbes 30 Beneath 30. He had earlier led the software development team in a large e-commerce company.
Robbie Ferguson: He is also included in Forbes 30 Beneath 30 and is a thiel fellow. He is an important contributor in the field of blockchain technology.
Immutable’s team consists of more than 100 professionals, which BlockchainFAANG companies, Finance, Fintech and Management are connected to the consulting background.
About Immutable Token (IMX)
The IMX is the native token of the immutable protocol, which is released as ERC-20 token on the Etreum Blockchain. It is used for three main purposes, the first of which is the first, 20% fees on transactions are paid in the IMX, the second can earn a part of the network fees by stake to the IMX token and the third can vote on the decisions of the IMX HOLDER project, which gives the holders opportunity to participate in the development of the network.
Immutable’s token distribution
The token distribution of Immutable is as follows: 51.74% share for ecosystem development, including user rewards, developer grants and marketing. The 25% share is allotted for project development, while 14.26% is for private cells, with a one -year cliff and being unlocked in two years. There are 5% tokens for public cells, which will be unlocked after 6 months and the foundation is allotted 4%, which will be used for ecosystem development.
Immutable security
Immutable is a layer -2 blockchain that takes advantage of the security of Ethereum. Immutable’s security is strong as it uses the native security of Etreum, making 51% attack. In addition, the transaction data through ZK-Rollups Generation is recorded on Layer-1 Etreum, which keeps security and transparency. It is fully dysmented, so that users can keep full control on their digital assets and can do transactions in a secure manner.
Where to buy Immutable (IMX)?
If you want to buy IMX Token, these major exchange are available:
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Okex
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Huobi world
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Bybit
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Bitget
You can buy an IMX through Crypto or Fiat Forex by creating an account on these exchanges.
Benefits of Immutable
Immutable has many advantages, such as fast and chip transactions that improve user experience. It has zero gas fees facilities, which reduces transaction expenses. The network is secure and decentralized, which insures the safety of users’ digital assets. Excellent API support is available for NFT Marketplace, so that developers can easily create applications. In addition, users can recommend rewards through staking and governance and participate in the development of the project and participate.
Immutable Future
Immutable’s week is to emerge as “NFT Blockchain”, with the speed to process more than 9,000 transactions per second. It is constantly moving towards development to attract gaming companies and content creators. Also, maintaining new features by maintaining the native security of Etreum, the security and reliability of the network will be further strengthened, so that it can play a lead role in the NFT EcoSystem.
Conclusion
Immutable (IMX) is ready to bring a revolutionary change in the world of NFT. Its fast, secure and gas-free transaction technology shows a new direction for digital assets. If you want to invest in the fields of NFT and Crypto, Immutable is an excellent option. So what is the delay now? Start your crypto journey with IMX.
