CoinList announces Immutable X Token (IMX) Sale on September 8, Listings on 19th October
- Registration for IMX tokens on CoinList is now open.
- Sale will go Live on 8th September 10:30 pm IST
Coinlist is a trusted platform for new crypto offerings. It is a reliable platform where one can access the best new tokens before they are listed on any exchange. CoinList announced the Immutable X (IMX) token sale which is supposed to go live on 8th September zt 10:30 pm IST. CoinList is a simple, safe and concise platform that provides its users with early access to newly launched tokens and also gives them a safe offline wallet to store their funds. With CoinList crypto investors can be early adopters and enjoy the perks of best security and less fees.
What we are going to learn?
What is Immutable X?
Immutable X is the first layer 2 scaling solution for NFTs on Ethereum. It provides instant trading, massive scalability and zero gas fees for minting and trading, and all of this without compromising on the safety and security of the user and their account. Instead of competing with Ethereum, Immutable X uses the well-developed security, ecosystem, connections and community of Ethereum. Immutable aims to ensure that the NFTs are traded in an open, decentralised ecosystem which is secured by Ethereum.
Immutable is built with StarkWare’s powerful STARK prover and rollup technology and is considered the most technically advanced solution for NFT scaling. Immutable believes that the users should not suffer due to the limitations of the Ethereum Blockchain, so it is bent on creating a world-class experience for its users excluding the drawbacks. It is creating a Layer 2 Ethereum with a fantastic developer and user experience.
What is an IMX Token?
The IMX token is the native ERC20 utility token of the Immutable X protocol. It is built with the purpose of rewarding the activities on the platform like trading, building applications and liquidity provision. The token is used as an incentive for traders, creators and marketplaces. The IMX token is distributed by Immutable in a partnership with Digital Worlds Ltd. NFTS. The token will not be distributed to any director or employee of Immutable.
The IMX Token is used for paying Immutable’s protocol fee, directly or indirectly. The users are rewarded IMX tokens in a proportion of 6:1 for actively staking these tokens on the platform. The token holders also earn a privilege to vote on issues related to token-proposals through decentralised governance. There will be 20,000,000 IMX tokens allocated to Ecosystem development (51.74%), Project development (25%), Private sale (14.26%), Public sale (5%) and Foundation reserve (4%).
Why Immutable X?
According to Uri Kolodny, CEO and Co-founder of StarkWare, “NFTs will have an unprecedented impact on digital economies, and Immutable is paving the road to that future.” Let us dive into the project to see what Immutable has to offer :
Immutable X supports all desktop Ethereum wallets lacking the need for their users to switch networks. The Immutable network provides the “link’’ which enables NFT-specific wallet experience with a world-class quality. So, without compromising the security Immutable is able to support a third-party marketplace ecosystem.
Zero Gas fees
The high gas fees have restrained the creators and buyers from developing and accessing the high class and best NFTs. The high performance minting and the limitless exchange protocol allows the users to instantly mint and trade NFTs with zero gas fees. This removes the economic limitations and neither the creators, nor the users will have to pay any gas fees for minting or exchanging assets.
Fast and Secure
The Immutable X network supports over 9000 transactions per second. This is a high transaction speed and remains unparalleled on Ethereum. It also has a 600X improvement over native limits. In addition to this, Immutable X combines NFT-specific exchange and proof logic with the rollup technology developed by StarkWare to create the most advanced tool for trading NFTs ever built.
Immutable X not only solves the limitations of Ethereum blockchain providing a Level 2 scaling but also makes it easy to use Ethereum on a main scale. This will keep the user from making a choice between satisfactory user experience and reliable technology. Immutable’s API makes it easy for the developers to start their blockchain journey by converting complex blockchain interactions into simple API calls.
Immutable believes that in order to maximize the liquidity of NFTs, they have to be traded on different marketplaces. Therefore, Immutable provides a shared global orderbook to facilitate liquidity. The orders for NFT can be created on one marketplace and can be filed on another leading to a promotion of various effective marketplaces.
IMX Token Sale Details on CoinList
The sale has two public options. Investors can choose from any of the below mentioned options:
- Price : $10/IMX Token. Supply upto 400,000 tokens. Lockup=6 months linear release starting around October 19. This will take place on 8th September at 10:30 pm IST.
- Price : $15/IMX Token. Supply upto 600,000 tokens. Lockup=3 months linear release starting around October 19. This will take place on 8th September at 4:30 am IST.
IMX Token CoinList Sale : Should you invest in it?
CoinList is known to launch good and high quality tokens. Most of them perform well in the market. IMX is using the most reliable technology of Ethereum and has made excellent efforts to solve the drawbacks. The security, safety and zero gas fees are other attractive features about the Immutable platform. The token is expected to do well in the future and has a potential for growth.
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