Immutable X is the first Layer-2 for NFTs on Ethereum
Content on this page was provided by the Immutable X team
Immutable X is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT minting and trading, built in partnership with StarkWare. NFTs are only as valuable as the security and popularity of the blockchain they are built on. We built Immutable X to leverage Ethereum’s security and network effects so more people can access world-class NFTs.
Fast & SecureThe Immutable X protocol can achieve high transaction throughputs (9,000+ TPS) - speeds unparalleled on Ethereum. The protocol is non-custodial, meaning you’ll have full control of your assets, secured by the Ethereum blockchain.
Zero Gas FeesFluctuating and high gas prices have limited creators and buyers from developing and accessing the world’s best NFTs. Immutable X is developed on top of StarkWare’s bleeding edge zk-rollup technology to allow you to instantly mint and trade NFTs with zero gas fees.
Build Within Hours, Not DaysWe make Ethereum easy to use at a mainstream scale so that you don’t have to choose between user experience and the best underlying technology. Immutable X’s APIs lower the barrier to entry for developers getting started on their blockchain journey so you can build your project on Ethereum in hours and not weeks.
| Option 1 | Option 2 | |
| Asset | IMX tokens | IMX tokens |
| Supply for Sale | Up to 40,000,000 tokens (2% of total supply) |
Up to 60,000,000 tokens (3% of total supply) |
| Sale Period | September 8, 2021 17:00 UTC - September 14, 2021 23:59 UTC | September 8, 2021 23:00 UTC - September 14, 2021 23:59 UTC |
| Fixed Sale Price | $0.10 per token | $0.15 per token |
| Purchase Limits |
$100 min
$500 max |
$100 min
$500 max |
| Funding Methods | USDT, USDC, ETH, BTC | USDT, USDC, ETH, BTC |
| Lockup and Release | 6 month linear release starting on or around October 19, 2021 | 3 month linear release starting on or around October 19, 2021 |
| Eligible Participants | Users who do not reside in the US, Canada, Australia, Hong Kong, China, Democratic People’s Republic of Korea, Cuba, Syria, Iran, Republic of Crimea, or CoinList’s unsupported jurisdictions | Users who do not reside in the US, Canada, Australia, Hong Kong, China, Democratic People’s Republic of Korea, Cuba, Syria, Iran, Republic of Crimea, or CoinList’s unsupported jurisdictions |
| Sale FAQ | FAQ | FAQ |
* CoinList may in its sole and absolute discretion adjust the parameters of the CoinList website and/or access systems to prioritize access to the Immutable X sale or the processing of token purchases for certain high-quality users with demonstrated histories of positively contributing to token networks, existing Immutable X users, or otherwise evidencing indicia of crypto-savvy future users of Immutable X.
IMX is the native utility token of the Immutable X protocol. The token is designed to accelerate the growth of Immutable X by incentivizing adoption and rewarding users and developers who contribute to the ecosystem.
Token Utility
Transactions Fees20% of the protocol fee on every Immutable X transaction must be paid in IMX (this includes all applications and marketplaces powered by the protocol). If you do not own IMX, Immutable will convert the fee by purchasing IMX on the open market under the hood, with no user friction.
GovernanceActive Immutable X community members are able to use their IMX to have an IMX-weighted vote on the future of Immutable X. Published proposals will relate to the future development and expansion of the token ecosystem..
StakingAll IMX used to pay transaction fees is sent to a staking rewards pool. This pool will be proportionally distributed among users who are currently staking IMX — the more you stake, the more you’ll earn.
Earning IMX
Tokens will be rewarded on an ongoing basis to developers and traders who contribute to protocol growth. Every time a user performs an action which is beneficial to Immutable X (such as trading NFTs), they will earn points. A rewards pool will then be distributed proportionately amongst points holders.
Token Supply
There will be a total of 20,000,000 IMX, allocated as follows:
| Purpose | Allocation | Description |
| Ecosystem development | 51.74% | Allocated to user rewards, developer grants, liquidity provision and marketing purposes. |
| Project development | 25% | Allocated to the development of the Immutable X token, to be conducted by the service provider, Immutable Pty. Ltd. |
| Private sale | 14.26% | Allocated to private sale investors, both institutional and individual, who will be strong advocates for IMX. |
| Public sale | 5% | Allocated to the IMX public sale. |
| Foundation reserve | 4% | Allocated to ecosystem-development related initiatives, mainly liquidity provision for exchanges, marketing and other functions the Foundation deem in the best interest of improving token ecosystem. |
Token Supply Schedule
Note: * Allocations and percentages above are indications only and are based on anticipated amounts. Actual amounts may differ depending on network conditions, and proposals that are put forward by the Foundation or the community and voted on by the community.
Immutable X is a cutting edge protocol for NFTs which enables projects to build on Layer 2 Ethereum with a fantastic developer and user experience, built on state-of-the-art blockchain scaling technology.
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Scaling Engine By combining StarkWare’s state of the art L-2 scaling engine, StarkEx, with our years of expertise in blockchain and NFT, Immutable X can achieve a throughput of thousands of NFT transactions per second. You can instantly mint and trade assets without compromising the custody of your assets as transactions are batched into a single zero-knowledge proof and are verified on Ethereum. |
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API Suite Immutable X exposes a simple REST API which allows developers to build NFT projects without interacting directly with smart contracts. This allows successful NFT projects to be launched in hours, not weeks. |
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Global Order Book Immutable X has a global order book where developers can easily contribute to the list of NFT properties (metadata) -- without the need to build a complex backend from scratch. With the enriched metadata, sellers can create more opportunities for their NFT to be found and buyers can efficiently sort, search and filter their desired NFT on any Immutable X powered marketplace. |
We’re building a scalable trading ecosystem to mainstream world-class NFTs on Ethereum’s first Layer-2.
OpenSea is the world’s largest peer-to-peer marketplace for crypto collectibles and NFTs. By integrating with Immutable X, OpenSea users will be able to experience gas-free trading without compromising Ethereum’s security. Read More
Led by the former game director of Magic: The Gathering Arena, Gods Unchained is one of Ethereum’s highest grossing and most played games. Gods Unchained players completely own their digital items and have the freedom to trade and sell their cards on any Immutable X powered marketplace. Read More
ECOMI is leading the way in the mass market digital collectible space. Their app, VeVe, with over 350,000 active users, offers the most comprehensive digital collectible experience. Immutable X is ECOMI’s chosen technology partner and blockchain provider for interoperability of VeVe digital collectible NFTs on the world's most decentralized blockchain. Read More
Illuvium is a decentralized NFT collection and auto battler game built on Ethereum. By using Immutable X’s hyper-scalable protocol, Illuvium users will enjoy a variety of benefits including increased NFT liquidity for buyers and sellers. Read More
Immutable consists of 100+ team members with industry-leading backgrounds in blockchain, fintech and gaming.
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JAMES FERGUSON, Co-Founder and CEO Forbes 30 Under 30: James previously led a software development team at a billion dollar eCommerce company. After getting involved with Ethereum in 2015, he built the world’s first and one of the most successful multiplayer blockchain game, Gods Unchained, and the first zk-rollup for NFTs at Immutable. |
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ROBBIE FERGUSON, Co-Founder and President Forbes 30 Under 30, Thiel Fellow: Robbie previously built an automated tax reconciliation platform licensed to Australia's largest cryptocurrency exchange. |
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ALEX CONNOLLY, CTO Alex became involved in the Ethereum open-source ecosystem in 2017 and built a blockchain agnostic programming language for smart contract virtual machines. In April 2019, Alex popularised the most scalable system for creating ERC721-compliant NFTs at the time, now commonly referred to as “batched minting.” |
Initial Users ($6M)
$0.025 per token
Unlocking over 30 months, 1 year cliff
Early Users ($400K)
$0.05 per token
Unlocking over 30 months, 1 year cliff
Additional Community Growth ($800K)
$0.10 per token
Unlocking over 6 months, no cliff
