Immutable X benefits from being one of the first layer-two solutions that utilize zk-rollups and focus exclusively on NFTs. With zk-rollups growing in importance as a scaling solution, the project finds itself at the cutting edge of development in the Ethereum ecosystem. Immutable X has a good chance of becoming the default “NFT blockchain” in the future, provided its promised transaction speed of more than 9,000 tps can be achieved.

A crucial component to fulfilling this promise is the API abstraction layer. Thanks to REST APIs, every NFT-related interaction like minting, trading, and transferring is a simple API call on Immutable X. The company anticipates this to be a key component to attracting new entrants like established gaming and content companies in the space.

Moreover, users will not have to switch networks when connecting their wallets. The protocol also provides an intermediate layer called the “Link,” which enables an NFT-specific wallet experience and allows Immutable X to support a third-party marketplace ecosystem without security risks.

With its shared global order book facilitating protocol liquidity, NFT marketplaces can be built on Immutable X without a backend. In consequence, third-party marketplace solutions can co-exist with the protocol’s native marketplace. The protocol also expects to lower the barriers of entry for content creators and smaller developers with this solution.

Token utility

There are currently three core uses for IMX:

Fees: 20% of Immutable’s protocol fee must be paid in IMX tokens. This fee can either be paid directly in IMX, or Immutable will automatically swap the actual purchase currency (e.g. ETH) for IMX on the open market. This means users do not need to explicitly hold IMX tokens to be able to transact on the protocol. Note that there is no entitlement, allocation or rights to revenue of the Immutable X protocol purely on the basis of ownership of IMX tokens.
Staking: IMX tokens received as part of the fee capture mechanism will be sent to the “staking rewards pool”. At regular monthly intervals, this pool will be distributed proportionally between all users who are actively staking their IMX tokens on Immutable X. A user’s rewards will be proportional to the amount of IMX they have staked during the month, relative to all other active stakers. Staking will be activated a couple of months after the token launch. For your IMX to be considered staked, you must: • Be holding IMX on L1 or L2 • Have voted on a governance proposal in the last 30 days, and • Either: 9 › Be holding an NFT on Immutable X; or › Have completed trade in the last 30 days. As rewards are distributed on L2, users are required to have an L2 wallet linked with their L1 wallet to be eligible to receive staking rewards. Note that staking reward terms may be subject to change via protocol governance or a similar process. Staking will begin once it has been added to the protocol.
Decentralized Governance Token: holders will be able to vote on token-related proposals via decentralized governance. Proposals will include topics such as how to allocate token reserves, voting on developer grants, activating daily rewards and changes in token supply. Other proposal categories may be added via the appropriate decentralized governance processes. Our goal is to continuously add to the utility and decentralization of the Token through user voting. In order to submit a proposal for voting, an individual needs to own a certain threshold of tokens, which will be determined at a later date. The Foundation has the right to propose items to be put to vote that are seen as positive for the ecosystem as a whole, and will perform a facilitation role in the curation of proposals that will be voted on by all Token holders. All votes that successfully pass will be executed accordingly and as soon as feasible given consideration of commercial and technological implementation limitations. Protocol governance is performed on L1, with wallet balances sourced across both L1 and L2. The more tokens a user holds, the greater their voting power.

Links

Website:https://www.immutable.com/

Whitepaper:https://support.immutable.com/hc/en-us/articles/4405227590799

X:https://twitter.com/Immutable

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What is the development prospect and future value of IMX?

The market value of IMX currently stands at $255.19M, and its market ranking is #108. The value of IMX is widely recognized by the market. When the bull market comes, the market value of IMX will likely continue to increase.

Moreover, if IMX can play a greater role in practical applications, such as Immutable builders fully leveraging the potential of IMX, partnering with more businesses, and increasing its user base, the long-term value of IMX will be significantly enhanced.

What will the price of IMX be in 2027?

Based on IMX's historical price performance prediction model, the price of IMX is projected to reach $0.2136 in 2027.

What will the price of IMX be in 2032?

In 2032, the IMX price is expected to change by +43.00%. By the end of 2032, the IMX price is projected to reach $0.4943, with a cumulative ROI of +289.38%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of IMX and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

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Is IMX worth investing or holding? How to buy IMX from a crypto exchange?

If you want to buy IMX, the following information may be helpful for your investment decisions:

In the last 7 days, the price of IMX has fallen by -8.13%, leading to negative returns for most IMX investors. The market is currently pessimistic about the price trend of IMX.

It is important to note that the current price of IMX has retreated by -98.66% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether IMX is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in IMX or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of IMX, if you want to buy or sell IMX, you can consider Bitget for your trading needs. The best place to buy IMX is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in Immutable has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy Immutable. Here's a step-by-step guide on how to buy Immutable on Bitget.

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How to get Immutable through other methods？

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All crypto airdrops and rewards can be converted to Immutable through Bitget Convert, Bitget Swap, or spot trading.

What is Immutable used for and how to use Immutable?

The use case of Immutable may expand as the crypto market and the project itself develop. Currently, you can use IMX to achieve the following goals:

Arbitrage by trading IMX: Since IMX is a frequently traded cryptocurrency, the price of IMX is always fluctuating. Earn more IMX by buying low and selling high on the exchange. Bitget spot market provides a variety of IMX trading pairs to fully meet your needs.

Earn by staking IMX: You can also generate income through financial management methods such as staking IMX or lending IMX. Bitget Earn offers a variety of financial products designed to help you earn more income from your IMX.

Send or pay IMX: If you want to give IMX to your friends, a charity, or a fundraiser, or you want to pay someone with IMX, you can quickly and easily send IMX to the recipient through their payment address.

You can also go to the official website of the Immutable project to learn more about the use cases of IMX. For example, find out if the Immutable project supports the use of IMX within its community or ecology, or if the Immutable project allows you to purchase physical or virtual products in IMX.

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