Immutable X is a layer 2 Ethereum scaling solution that allows users to mint, deposit, withdraw, and trade NFTs, or non-fungible tokens with faster transaction times and lower gas fees.
To achieve faster transaction times and lower gas fees, the Immutable X protocol uses zero-knowledge proofs (ZK–proofs) instead of a consensus mechanism to validate transactions, leveraging the security of Ethereum in the process. Simply put, ZK–proofs achieve valid proofs of transaction data without transmitting or revealing said data to either party. With a focus on scalability, speed, and efficiency, the Immutable X protocol claims to support up to 9,000 transactions per second (TPS), providing a foundation for NFT and blockchain-based gaming applications.
In addition to the scaling engine that securely validates transactions, Immutable X offers developer-friendly tools including APIs and an SDK that allows developers to build NFT marketplaces and other infrastructure directly on the protocol.
Finally, the Immutable X marketplace, built and maintained by the project team, allows users to mint and trade NFTs with zero gas fees. All trading activity is carbon neutral thanks to climate-conscious partnerships and carbon offsets.
What is Immutable X (IMX)?
IMX is an ERC-20 token that powers the Immutable X protocol. IMX is used for fee payments, and governance. The protocol collects a small fee on primary, or first-time, NFT sales and all NFT trades, a portion of which is payable in IMX or the requested cryptocurrency, in which case the protocol will automatically swap the asset used as payment for IMX.
How to buy Immutable X (IMX) on Binance.US
Trade Immutable X (IMX) on the IMX/USD and IMX/USDT pairs.
Buy Immutable X (IMX) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
Deposits and withdrawals are now open for IMX.
Note: This article was last updated on April 27, 2022. Deposits for IMX first opened on April 26, 2022 at 5 p.m. PDT / 8 p.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
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