What is Immutable (IMX)?

Immutable X is a layer-2 (L2) scaling solution built on Ethereum, with features like instant settlements, higher scalability and near-zero gas fees for minting and trading of NFTs. Its main goal is to address the issues faced by the Ethereum network, like high gas fees, low transaction throughput, limited scalability and bad user experience, particularly in the NFT space.

With its dynamic performance, Immutable is also emerging as one of the fastest-growing web3 gaming projects, hosting some of the most popular blockchain-based games like Guild of Guardians, Illuvium, Ember Sword, Unchained and more.

IMX is the native utility token of Immutable. Launched in November 2021, it serves for 3 utilities- staking, governance and network fee. IMX holders and non-holders both can participate in the Immutable ecosystem as it takes only a portion (20%) of its fee in IMX tokens. Anyone who trades NFTs on Immutable gets eligible to earn IMX tokens as trading reward. Those who stake IMX enjoy a proportional share in the network fee. IMX has a capped maximum supply of two billion, with distribution as follows-ecosystem development (51.74%), project development (25%), private sale (14.26%), public sale (5%), and foundation (4%).

How Does Immutable (IMX) Work?

The core technology behind Immutable’s high performance is Zero-Knowledge (ZK) roll-up technology, which batches multiple NFT transactions into one roll, called ZK proof or more specifically a Zero-Knowledge Scalable Transparent Argument of Knowledge (ZK-STARK).  It is a method of validation that ensures privacy and security in the transaction of digital assets by providing only specific data without sharing sensitive information. This approach significantly reduces gas fees and increases throughput. As a result, the Immutable network offers a transaction speed of up to 9000 TPS. With Ethereum as its base layer, Immutable maintains this high performance without compromising security.

Furthermore, Immutable also provides developers with helpful tools, like REST APIs and a Software Development Kit (SDK). These tools help them facilitate the easy creation and transfer of NFTs without interacting directly with Smart Contracts.

Immutable currently supports multiple crypto wallets like MetaMask and Magic Link, which let users create a wallet using only an email address.  It also has a shared global NFT order book, allowing it to leverage multiple NFT marketplaces to facilitate high trading volume and liquidity.

How to Buy Immutable (IMX) in India?

There are many platforms where you can invest and Buy Immutable crypto in India.

One such platform is Flitpay. To buy Immutable (IMX) in INR, you have to sign up to Flitpay, where you will have to enter the required details and go through a small KYC verification process.

After the KYC approval, ensure you have correctly entered your bank details. Now, through the linked bank account, deposit the amount you want to buy IMX crypto and execute the purchase.

You can instantly convert your Immutable (IMX) to INR and INR to Immutable (IMX) and withdraw your INR through bank transfers whenever you want.

Flitpay also keeps introducing timely rewards for its users.

What to Do After Buying Immutable (IMX)?

IMX can be used to buy other cryptocurrencies after converting them to INR through crypto exchange platforms like FLITPAY. You can also hold the IMX till it reaches a high price, and then sell it through Flitpay's OTC order facility. Users can earn significant profits from buying it at a lower price and selling it at a higher price.

FAQs

What is an Immutable (IMX) coin?

IMX is the native utility token of the NFT minting and trading blockchain, Immutable. Those who use Immutable need to pay a minimal fee for IMX tokens. IMX also powers the staking and governance mechanism of Immutable. IMX has a capped maximum supply of two billion.

What is Immutable (IMX) price in India?

Check out the INR price of Immutable (IMX) crypto in India today on Flitpay.

Which is the best crypto exchange in India to buy Immutable (IMX)?

Flitpay is the best cryptocurrency exchange in India to buy Immutable (IMX), buy Pixels, or your favourite cryptocurrencies. Flitpay supports instant UPI and bank deposits and bank withdrawals with a minimum deposit and withdrawal limit of INR 100.

How to buy Immutable (IMX) in India?

You can easily buy Immutable (IMX) in India on the safest crypto exchanges like Flitpay, with the lowest fees.

To buy Immutable (IMX) coin in India:

1. Register on Flitpay and create an account.
2. Verify your identity through Know-your-customer (KYC).
3. Add INR or Fiat currency, corresponding to the amount of IMX you want. to buy.
4. Instantly buy Immutable (IMX) with the deposited funds.

What are the benefits of Immutable (IMX)?

Immutable (IMX) provides instant settlements, higher scalability, and near-zero gas fees for NFT minting and trading, addressing Ethereum's high fees and low throughput issues. Leveraging Zero-Knowledge roll-up technology, Immutable ensures privacy, security, and up to 9000 transactions per second. With its dynamic performance, Immutable is on its way to becoming the default “NFT and gaming blockchain”. As the native utility token of Immutable, IMX serves various crucial functions like staking, governance, and network fees. IMX holders can earn rewards through NFT trading and staking. Developers benefit from its REST APIs and SDK for seamless NFT creation and transfer. The platform also supports multiple wallets and a global NFT order book for enhanced liquidity and ultimate performance.

Is it safe to invest in Immutable (IMX) in India?

Yes, investing and trading IMX is safe in India. Flitpay is one of India's most secure cryptocurrency exchanges for buying Immutable crypto. It offers real-time prices and advanced investing features.

Where can I deposit and withdraw Immutable (IMX) crypto in India?

Your search for secure crypto deposits and withdrawals ends here. Flitpay is India's most trusted exchange to facilitate hassle-free and Instant deposits and withdrawals of all the top cryptocurrencies with minimal or no fees.