Live IMX Price Summary
As of Nov 28, 2023, the global cryptocurrency market cap is $1.70B with a +3.50% change in the last 24 hours. Today's price of IMX is $1.36, with a 24-hour trading volume of $--. IMX is +3.33% in the last 24 hours, with a circulating supply of 1.25B IMX coins and a maximum supply of 2.00B IMX coins. IMX ranks 39 by market cap. It has a 24H high of $1.37 recorded on Nov 28, 2023, and its 24H low so far is $1.27, recorded on Nov 28, 2023.
What Is the Highest Price of IMX?
IMX has an all-time high (ATH) of $9.52 , recorded on Nov 26, 2021.
What Is the Lowest Price of IMX?
IMX has an all-time low (ATL) of $0.378055, recorded on Dec 31, 2022.
About Immutable (IMX)
What Is Immutable X (IMX)?
Immutable X Protocol is the first Layer 2 scaling solution built on Ethereum for non-fungible tokens (NFTs) and gaming DApps.
Powered using advanced ZK-rollup technology, StarkWare, Immutable X facilitates instant transactions at near-zero gas fees when trading 100% carbon-neutral NFTs without comprising asset security.
Built to power the next generation of web3 games, Immutable X features user-friendly APIs that allow the building of games in a matter of hours and free minting of play-to-earn NFTs, as well as an integrated credit card payment for mainstream adoption.
Additionally, Immutable X has a supercharged order book that instantly distributes NFT assets across multiple marketplaces. Further, the platform is compatible with all desktop Ethereum NFT-enabled wallets, and users don’t need to switch between networks.
An ERC-20 utility token, IMX is at the core of the protocol’s operations and provides incentives to all protocol participants.
Immutable X Price
IMX tokens entered the open market on Nov 5, 2021, at $5.20. IMX rapidly slid to a low of $3.15 on Nov 9 but just as quickly recovered to double in price to hit $6.06 on Nov 13.
After a slight correction, IMX continued with the bullish momentum and rose from $5.46 on Nov 19 to $8.64 on Nov 21. After a slight price correction, IMX rallied again to hit its all-time high of $9.52 on Nov 26, 2021.
Soon after, the Immutable X price began a gradual decline with close to a 50% drop in Dec 2021 where it dropped from $8.20 on Dec 1 to $5.14.
The downward trend continued in Jan 2022 when its price slashed by over half to cap that month at $2.58. IMX’s price continued to slide for months and dumped further following the Terra Luna crash in mid-May 2022 where its price dipped below $1.00.
IMX hasn’t recovered from the drop, and the continued bearish market conditions have made its price stagnate around $0.40 for many months.
What Is IMX Used For?
At the moment, there are three core uses of IMX tokens in the Immutable X ecosystem. Fees are the primary source of revenue for the protocol where 20% of these fees have to be paid using IMX tokens (Immutable X will automatically swap the actual purchase currency such as ETH into IMX, so users do not need to hold IMX for transactions). Immutable X charges a 2% fee on all primary asset sales and NFT trades. The fees are used to incentivize different participants on the platform.
Another core use of IMX is staking which is facilitated by the platform’s fee mechanism. By holding IMX tokens, or participating in voting for proposals, users will be rewarded with IMX tokens at monthly intervals.
Lastly, IMX is used to power decentralized governance on the Immutable X network. IMX token holders can vote on token-related proposals from changes in token supply to developer grants.
Immutable X Tokenomics
IMX has a total supply of 2 billion tokens which will be unlocked progressively for different user groups. IMX tokens are allocated as follows:
Ecosystem development — 51.74%
Project development — 25%
Private sale — 14.26%
Public sale — 5%
Foundation reserve — 4%
Who Is the Founder of Immutable X?
Immutable X was co-founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly.
How To Store IMX
As an ERC-20 token, you can store IMX in Ethereum-compatible wallets such as MetaMask, Trust Wallet, Guarda, and Atomic Wallet.