Immutable X (IMX)

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An NFT exchange and L2 sollution. Immutable X is a ZK rollup engine for minting and exchanging NFTs on Ethereum.

Basics

  • Based in: Sydney (9-3-2022).
  • Started in / Announced on: 21-10-2020
  • Mainnet: "We are aiming to release our first public version in Q1 2021." (on the website as of 30-3-2021). Update: launched on 8-4-2021.

"Immutable X is a decentralized, non-custodial exchange that scales trading on the Ethereum network with instant settlement and zero gas fees."

History

Audits & Exploits

Bugs/Exploits

Governance

"Immutable X is still a fair way off but, once it’s live, assets will be minted directly onto the platform. Existing users will also be able to move their Gods Unchained items onto the platform without handing control of those assets over to us. Overall, when Immutable X launches we’ll still have zero control over its users items and won’t be able to touch or alter those items in any way. Immutable X merely acts as a facilitator to make more efficient trades. To reiterate what was said above (as it’s vital): Immutable X will be non-custodial; users will be able to trade their assets without trusting the security of Immutable’s infrastructure."

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

"Unlike sidechains, we're not controlled by central operators that can be easily attacked (51%) and ransomed, nor do we require a novel token to use."

Stablecoin

Coin Distribution

Technology

  • Whitepaper can be found [insert here].
  • Code can be viewed [insert here].

Implementations

  • Built on: Ethereum
  • Programming language used:

Transaction Details

How it works

"Under Immutable X Volition model, users will be able to choose whether particular assets are held as a Validium ZK-proof or ZK-Rollup."

Fees

"Once live, a 20% cut of all Immutable X transaction fees will be denominated in $IMX; these fees will go to a staking rewards pool as yield for $IMX stakers."

Upgrades

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding, Partners

  • Full team can be found [here].

Team

Funding

"Raised $200 million in a Series C financing round led by Temasek. The company is now valued at $2.5 billion and Immutable plans to use the funds to scale the startup’s gaming studio."

  • Raised $60m in a Series B round (14-9-2021).

Partners