Immutable X is a layer-2 scaling solution for Ethereum that aims to solve the problem of high gas fees and slow transaction times on the Ethereum network. The platform is designed to provide fast and affordable transactions for decentralized applications (dApps) while maintaining the security and decentralization of the Ethereum network.
Immutable X is built on top of Ethereum and uses the Ethereum Virtual Machine (EVM) to execute smart contracts. It uses a technology called zk-rollups to bundle multiple transactions into a single transaction, thereby reducing the cost and time required for each transaction. Additionally, Immutable X has implemented zero gas fees for users, allowing them to transact on the platform without having to pay gas fees.
The native token of Immutable X is IMX, which is used to pay for transaction fees on the platform and for staking in order to participate in network governance. IMX tokens can also be used to access exclusive features and benefits on the platform.
One notable feature of Immutable X is its focus on the gaming industry, with the platform providing a fast and affordable way for gamers to buy, sell, and trade in-game assets. The platform has already partnered with several major gaming companies, including Ubisoft and Double Jump Tokyo, to integrate their games with the Immutable X network.
Immutable X is a promising layer-2 scaling solution for Ethereum that aims to provide fast and affordable transactions for dApps while maintaining the security and decentralization of the Ethereum network.
With a total market cap of over $629 million, Immutable is the No. 53 cryptocurrency by market size. The currency symbol for Immutable is IMX. There will only ever be 2 billion Immutable tokens issued. So far 1.16 billion tokens (58.5% of the total supply) have been issued.
We found crypto protocols offering up to 21.1% APY on Immutable deposits (21.1% APY DeFi). Check out our Immutable staking yields table for further details.
The technical price analysis for Immutable below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Immutable.
AYes Immutable is an NFT. NFT is an abbreviation of Non-Fungible Token, which is a special type of cryptographic token which represents something unique such as a unique piece of property. Wikipedia.
QIs it possible to stake Immutable to generate passive income?
AYes, staking is available for Immutable on a number of platforms. For a full list of Immutable staking yields see our list of Immutable staking yields.
QHow much can I earn staking Immutable?
AYou can earn up to 21.1% APY by staking your Immutable tokens. Check out our Immutable staking yields table for further details.
QWhere is the best place to stake Immutable?
ARight now the best staking rates are on Uniswap with an income rate of up to 21.1% APY.
QIs it a good time to buy Immutable?
AYou can check the technical indicators for Immutable on the Immutable Price Trend tab. These indicators are based on the analysis of multiple trading signals for Immutable.
QWhere is the best place to buy Immutable?
AYou can find the cheapest exchange on which to buy Immutable on the Immutable Buy tab.
QWhich venture capital firms have invested in Immutable?
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