What is Immutable X Digital Currency? Introducing IMX tokens
Introduction
Immutable X digital currency is one of the newest cryptocurrencies released on September 8 through the CoinList platform. Immobile X digital currency is the first way to improve Layer 2 (L2) scalability for NFTs in the Ethereum network. The essential features of IMX tokens are high speed in confirming and performing transactions, high throughput, and zero commission (GAS) without compromising Ethereum security.
What is Immutable X Digital Currency?
The Immutable X protocol was created to successfully launch and execute NFT projects with minimal hassle for developers. Although we have seen a dramatic increase in the popularity of NFTs in recent months, there are still many barriers for developers and users. Immobile X’s digital currency allows developers to create NFT projects globally without compromising liquidity and impacting the Ethereum network.
The Immutable X digital currency development team believes that anything unique and tradable, including art, in-game assets, and physical goods, can be considered public blockchain NFTs. But for now, he has shown a lot of interest in games. The gaming industry’s value is currently $ 300 billion, and it is expected to grow by approximately 10% per year between 2021 and 2025, surpassing the sports, film, and music industries. This industry is a tremendous opportunity for tokens; In fact, each asset would be more valuable to users if provided in NFT format. 
Games like Axie Infinity have gained more than 350,000 daily active users and have billions of dollars worth of tokens. The total market value of “applied NFTs” has risen sharply this year, and this is just the beginning.
Project goals
Improve user experience
Immutable X Digital Currency offers users the best trading experience with zero commission, high speed, and liquidity through the general order office.
Improve scalability without compromising security
The Immutable X protocol supports very high throughput (TPS + 9000+) without compromising the security and capital of individuals.
Improve the experience of developers
Immutable X digital currency (SDKs and APIs) has made it possible to launch an NFT game or decentralized app market in just a few days.
What are the benefits of creating a Layer 2 protocol in Ethereum?
Improving the scalability and blockchain infrastructure has been one of the main goals of the Immutable X project. Also, it is essential to note that the project development team is not interested in creating another or side blockchain; Because NFTs have acceptable performance with the identical current blockchain.
Ethereum is currently the best platform to reap the benefits of smart contracts. So the Immutable X digital currency, as a proper dual rollup layer, inherits its security directly from the Ethereum blockchain. Users can move their assets Trustlessly between Layer 1 and Layer 2; This means that there is no such thing as a Poly Network hack.
Another advantage of Ethereum is its stable, stable, and growing condition. Ethereum has an active development ecosystem that builds practical applications and integrations across the ecosystem, ultimately securing end-user communities and a large market. This makes it easier to accept Immutable X digital currency; Because with it, we will have access to the tools available in the Ethereum network, such as stable coins, Defi protocols, and wallets.
Introducing IMX tokens
The IMX Token is an ERC20 token designed to accelerate the growth of Immutable X by rewarding network fan activities such as trading, liquidity, and applications. The three main uses of the IMX token are:
- Transaction: Fees 20% of the protocol fee per Immutable X transaction must be paid by IMX.
- Voting rights: As an active member of the Immutable X digital currency community, users will be able to vote by purchasing an IMX token.
- Sticking: All IMX tokens used to pay the transaction fee are sent to the sticking pool. The pool is evenly distributed among steak users. The more shares users have, the more revenue they will earn.
Misconceptions about NFT tokens
People who have just entered the digital currency market, especially the NFT market, do not clearly understand this concept. Two misconceptions about NFTs are:
- NFTs are “jpeg only”; However, NFTs are not limited to “jpeg” (images). They are unique digital tokens that indicate ownership of everything, including videos, in-game items, music, clothing, property, and more. Thanks to blockchain’s decentralized and transparent nature, people can easily verify the actual ownership of these assets and value NFTs.
- The use of NFTs is very harmful to the environment. However, with the improvement of blockchain technology, the amount of energy required to use NFT will be drastically reduced. The Immutable X digital currency is at the forefront of the initiative and uses a fixed amount of energy, regardless of scale (less than ٪ 1% of Ethereum’s standard energy cost).
What is the use of Immutable X?
Dozens of companies are currently using the Immutable X platform to develop and advance their business, and hundreds of people are on the waiting list to use it. While most partners in games, collections, markets, and projects operate defy, the Immutable X digital currency is designed to be a unique solution for great experiences shortly. Here are some of the biggest partners the platform is integrating with:
OpenSea is the world’s largest peer-to-peer marketplace for cryptographic and NFT collections, currently responsible for billions of dollars in NFT. Also, Immutable X integration with OpenSea lets users make instant, fee-free transactions in Ethereum without compromising asset security.
Illuvium is a decentralized NFT and game set based on Ethereum. Using the ultra-scalable Immutable X protocol, Illuvium users will enjoy various benefits, including increased NFT liquidity for all traders.
With the introduction of VeVe ECOMI has, more than 350,000 active users and is the most comprehensive digital collection for licensed NFTs. So Immutable X is ECOMI Select Blockchain for VeVe Collectible Digital NFTs. 
What are the benefits of Immobile X digital currency?
using Immutable X digital currency to buy and sell NFT There are several benefits too, as follows:
- Zero fees for peer trading
- Possibility to determine the commission
- Increase scalability to 9000 transactions per second (TPS)
- L2 decentralized
- Establish security using Ethereum Blockchain
How much does it cost to use Immutable X?
Whether you are a developer or a consumer, Immutable X does not require fees when using this platform. Of course, applications developed using the forum can receive a payment from users by default.
How does Immutable X digital currency work?
Immutable X uses ZK Rollup. ZK Rollup handles thousands of out-of-chain transactions, proves that all of these transactions are valid (asset owners have signed the transactions), and then certifies them in the chain, where they are then verified through smart contracts. He does.
During this process, users’ assets are kept in a chain in a smart contract, and only after publication is a valid document containing the assets released in batches.
How to buy and maintain IMX (wallet and exchange)
Currently, Immutable X digital currency has been listed in OKEx, Huobi Global, FTX, By bit, and Bitte. So to buy Imotable X digital currency, you can first buy Tetra through Iranian exchange offices and use Rials. Then, you can go to one of the introduced exchange offices to buy IMX tokens. So you can use Walt and Metamsk Trust wallets to store Immutable X digital currency.
Immutable X digital currency price history
The Immutable X digital currency was traded at around $ 5.6 per IMX token when introduced in early November 2021. So the price of this token has been on the rise so far.
Concluding remarks
Immutable X Digital Currency is a Layer 2 protocol for trading Ethereum-based NFTs that allows users to perform transactions at high speed, extensive scalability (9000 transactions per second), and zero-fee without compromising user ownership. Creating IMX tokens aims to make NFTs easier to extract and trade than traditional digital assets.
