Immutable (IMX)
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About IMX
Immutable (IMX) is a Layer-2 scaling solution for Ethereum that focuses on creating a fast, zero-fee environment for non-fungible tokens (NFTs) and decentralized gaming. Powered by StarkWare's zk-rollup technology, Immutable X offers instant transaction finality, high throughput, and minimal environmental impact. Developers can create and trade NFTs without gas fees, while enjoying Ethereum-level security. IMX is the platform's native utility and governance token, enabling holders to participate in decision-making processes and earn staking rewards. For live IMX prices, historical data, and market insights, visit our Immutable Markets page to stay updated on this leading solution for NFTs and blockchain-based games.
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News
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New Hungarian Law Criminalizes 'Unauthorized' Crypto Trades, Rattling Firms
Under newly enacted legislation in Hungary, digital asset traders using "unauthorized" cryptocurrency exchanges could face up to two years in prison, with harsher penalties for larger transactions. Crypto Firms Eye Exit Amidst Legal Uncertainty Hungarian digital asset traders using “unauthorized”…
Frequently Asked Questions about Immutable
What is Immutable (IMX)?
Immutable (IMX) is a Layer-2 scaling solution for Ethereum aimed at creating a gas-free environment for NFTs and decentralized gaming, offering high throughput and instant transaction finality.
How does Immutable work?
Immutable X uses zk-rollup technology from StarkWare, allowing it to bundle transactions off-chain for processing, then settle them on Ethereum, providing high security, zero gas fees, and fast transactions for NFTs.
What makes Immutable unique?
Immutable’s gas-free NFT transactions, instant trade settlement, and environmental focus make it ideal for blockchain-based games and NFT marketplaces, attracting developers who seek scalability without compromising on security.
Where can I buy and trade Immutable?
Immutable (IMX) is available on major crypto exchanges, and our Immutable Markets page provides live IMX prices, historical data, and insights to help you make informed trading decisions.
What are the benefits of using Immutable?
Immutable provides gas-free transactions and high scalability, allowing NFT creators and gamers to build and trade with ease. Its Ethereum-level security and eco-friendly model enhance its appeal for decentralized applications.
How can I store my Immutable tokens securely?
IMX tokens can be stored in wallets that support ERC-20 tokens, such as Ledger, MetaMask, and Trust Wallet, providing flexibility and secure storage options for users.
What is Immutable staking?
IMX token holders can stake their tokens on the platform to earn rewards, supporting the network’s security and decentralization while contributing to its governance.
Is Immutable a good investment?
Immutable’s role in scaling NFTs and gaming on Ethereum makes it a promising project in the blockchain space. While volatile, IMX’s utility in decentralized applications offers potential for growth in the evolving NFT and gaming sectors.