Immutable X (IMX) Introduction
- Project Introduction
Immutable X is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT minting and trading, built in partnership with StarkWare. NFTs are only as valuable as the security and popularity of the blockchain they are built on. We built Immutable X to leverage Ethereum’s security and network effects so that more people can access world-class NFTs.
The Immutable X protocol can achieve high transaction throughputs (9,000+TPS) — speeds unparalleled on Ethereum. The protocol is non-custodial, meaning you’ll have full control of your assets, secured by the Ethereum blockchain.
Fluctuating and high gas prices have limited creators and buyers from developing and accessing the world’s best NFTs. Immutable X is developed on top of StarkWare’s bleeding edge zk-rollup technology to allow you to instantly mint and trade NFTs with zero gas fees.
The Immutable X makes Ethereum easy to use at a mainstream scale so that you don’t have to choose between user experience and the best underlying technology. Immutable X’s APIs lower the barrier to entry for developers getting started on their blockchain journey, so you can build your project on Ethereum in hours and not weeks.
Token Distribution and Lock-in:
There will be 2,000,000,000 IMX tokens, provisionally allocated to the following areas:
|Allocation||Allocation Rate||Token Release Schedule|
(e.g. User Rewards & Developer Grants)
|51.74%||4 year unlock|
|Project Development||25%||4 year unlock, 1 year cliff|
|Token Sales||19.26%||Mixed unlocks|
|Foundation Reserve||4%||Fully unlocked|
- 8 April 2021 - Immutable X launches Alpha mainnet with gas-free NFT minting and trading on Ethereum Layer 2
- 3 September 2021 - Self serve minting and trading is live on Immutable X
- 14 September 2021 - Immutable raises $60 million in Series B funding
- 27 September 2021 - IMX public token sale raised over $12.5 million
- Q4 2021 - More features activate: Liquidity pool reward program, daily trading points, staking and ERC20 support for orders
Immutable X is created by Immutable, an Australia-based company that consists of more than 100 team members with industry-leading backgrounds in blockchain, fintech and gaming. Immutable is responsible for launching the most successful blockchain Trading Card Game, Gods Unchained, which is headed up by Chris Clay, the former director of Magic the Gathering Arena. Immutable X has announced integrations with established marketplaces such as OpenSea and Mintable, and is powering some of the largest NFT plays across DeFi (SuperFarm), Collectibles (ECOMI, Epics.GG, TikTok), and gaming (GreenPark Sports, Illuvium, MyCryptoHeroes+).
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*Content on this page was provided by the Immutable X team.
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets is risky. Please read our Risk Reminder text here.