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About Immutable X
Disclosures
Immutable X risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading Immutable X. All crypto assets are risky, there are general risks in investing in Immutable X. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Immutable X’s price performance
Immutable X on socials
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Immutable X FAQ
Immutable is a Layer 2 scaling solution that allows you to mint and trade NFTs on Ethereum securely and instantly at zero gas fees. IMX is the name and ticker symbol of Immutable protocol's native ERC-20 token.
Immutable solves Ethereum's scalability issue by using their ZK-rollup technology called ZK-STARKs. Using this technique, Immutable combines several NFT transactions off-chain. These bundled transactions are sent to the main Ethereum chain in a single transaction, drastically reducing gas fees.
Easily buy IMX tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include IMX/USDT. You can also buy IMX with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Tether (USDT), and USD Coin (USDC), are also available.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for IMX with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into IMX, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Dive deeper into Immutable X
Immutable is a Layer 2 scaling solution for non-fungible tokens (NFTs) and Web3 games on Ethereum. With Immutable, you can mint and trade NFTs securely in a carbon-neutral way without any gas fees. IMX is the name and ticker symbol of Immutable's native ERC-20 token.
Ethereum, the most popular blockchain for minting NFTs, is not scalable in its current form. It can only process 5 to 15 transactions per second and has high gas fees during network congestion. Immutable positions itself to solve these issues and makes NFT purchases on Ethereum as simple as traditional e-commerce shopping without compromising security.
Developed by Starkware, Immutable's ZK-rollup technology, STARK proof combines hundreds of NFT transactions off-chain and generates a cryptographic Proof of Validity that ensures the validity of transactions. In addition, Immutable has wrapped this ZK-rollup scaling solution in a set of powerful REST APIs, allowing developers to build their NFT applications easily.
Traders can use Link, an intermediary layer between Ethereum wallets and Immutable, to connect any Ethereum wallet with Immutable. Once connected, NFTs can be traded on Immutable's marketplace. On the same note, their roadmap also includes rolling out an integration with Opensea for NFT trading.
IMX, the native cryptocurrency of the Immutable platform, is used to pay protocol fees, earn staking rewards, and participate in the protocol's governance.
IMX price and tokenomics
IMX has a total supply of 2 billion tokens. 51.74 percent of IMX tokens are allocated for ecosystem development, including user rewards, developer grants, liquidity provision, and marketing. The second biggest share, 25 percent, is reserved for project development.
Private and public sales account for 14.26 percent and 5 percent of tokens, respectively. The remaining 4 percent is reserved for the foundation and used for ecosystem-related activities such as providing liquidity to exchanges. Tokens allocated to private and public sales and foundation reserves have varying cliff vesting periods and unlocks.
About the founders
Immutable was created by the company behind popular NFT projects like Gods Unchained and Guild of Guardians, in partnership with StarkWare. It was founded by two entrepreneur brothers, James Ferguson and Robbie Ferguson, who were part of the Forbes 30 Under 30. The company has over 100 team members from blockchain, FAANG, finance, fintech, and management consulting.
Immutable has raised $77.4 million from big-name investors like Coinbase Ventures, Nirvana Capital and Galaxy Digital, among others. In addition, social media giant Tiktok also partnered with Immutable to launch their first creator-led NFT collection.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for IMX with zero fees and no price slippage by using OKX Convert.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into IMX, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
Disclaimer
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.