What is IMX

1. Project Introduction
Immutable X (IMX) is an Ethereum Layer 2 scaling solution specifically designed for NFTs, offering an efficient platform with instant transaction confirmations and extremely low gas fees. By utilizing ZKRollup technology, Immutable X achieves high scalability, processing up to 9,000 transactions per second. The platform allows users to easily mint and trade NFTs while ensuring the security of their assets. IMX, as the platform’s native token, is used not only to pay transaction fees but also to earn rewards through staking and governance participation, motivating users and developers to contribute to the ecosystem’s growth. The shared global NFT order book enhances liquidity, promoting greater transaction volumes.
Summary: Immutable X is an efficient and low-cost Ethereum Layer 2 NFT scaling platform, utilizing ZKRollup technology to improve scalability. The IMX token supports transactions and rewards within the platform, driving ecosystem development.
2. Team & Investment Info
The team consists of over 100 members from diverse backgrounds, including FAANG companies, traditional finance, fintech, and management consulting. Immutable X was founded by James Ferguson, who previously worked as a software developer at e-commerce company ShopYak and was recognized as a Forbes 30 Under 30 entrepreneur. Additionally, Robert Ferguson, James's brother, is also part of the team. Robert is a Peter Thiel Fellow and entrepreneur.
Funding:
Immutable X has raised a total of $15 million through a seed round in 2018 and a Series A round in September 2019. Investors include Coinbase, Sapers, Nirvana Capital, Apex Capital Partners, Continue Capital, and Galaxy Digital (Mike Novogratz). Their support has provided strong financial backing for Immutable X’s growth.
3. Social Media URLs
X: https://x.com/Immutable
Reddit: https://www.reddit.com/r/ImmutableX/
Discord: https://discord.gg/CYsjMdctsP
YouTube: https://www.youtube.com/channel/UCR_WlrGou7hm0ACXYpldcuA/featured
4. Token Info
Token Symbol: IMX
Total Supply: 2,000,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xf57e7e7c23978c3caec3c3548e3d615c346e79ff
Token Distribution:
Ecosystem Development: 51.74%
Project Development: 25%
Private Token Sale: 14.26%
Public Token Sale: 5%
Foundation Reserve: 4%
5. Related Links
Official Website: https://www.immutable.com/
LinkedIn: https://www.linkedin.com/company/immutable-1/
White Paper: https://cdn.prod.website-files.com/646557ee455c3e16e4a9bcb3/6499367de527dd82ab7475a3_Immutable%20Whitepaper%20Update%202023%20(3).pdf