Immutable X
IMX
$3.22

Sector

NFT

Exchange Debut

2021-06-11

Market Cap

4,475,964,265

Maxim Supply

2,000,000,000

Circulating Supply

1,389,224,659

Circ. Supply(%)

69.46%
immutable

Immutable X

IMX

Price

$3.22

Market Cap

Sector

Exchange Debut

4,475,964,265
2021-06-11

Volume 24h

High 24h

Low 24h

69964772
3.406356945286
3.162297197225

Change 24h

Change 7d

Change 30d

-4.8133
1.2187
62.1937

Maxim supply

Circulating supply

Circulating supply(%)

2,000,000,000
1,389,224,659
69.46%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Immutable X cryptocurrency:

Immutable X, the pioneering layer-two scaling solution for Ethereum-based NFTs, promises massive scalability, zero gas fees, and a user-friendly experience. Highlighted by the integration of the cutting-edge STARK zk-rollups technology, a concept Ethereum co-founder Vitalik Buterin heavily endorses, the project aims to offer a transformative experience for both developers and users. Achieving an impressive overall score of 8.2665 in our fundamental analysis of the Immutable X cryptocurrency, it’s evident that this project is more than just buzz.

SOCIAL & MASS MEDIA: Score 8.9 out of 10

The project boasts a strong presence on social media platforms and in the media at large. With top scores in attracting followers and media presence, it showcases the project’s appeal and public recognition. However, while the size of their chat groups is commendable, the activity level of social media administrators and the community can be improved.

AUDIT & SECURITY: Score 7.6 out of 10

In our fundamental analysis of the Immutable X cryptocurrency concerning its audit and security, the project shines in its transparency and liquidity on exchanges. Yet, there’s room for improvement in its audit results, ensuring heightened trust among potential investors.

TOKENOMICS: Score 5.85 out of 10

A critical aspect of any crypto project is its token economy. Immutable X has a moderately inflationary token with reasonable inflation rates annually. However, there are concerns regarding the centralization of its monetary mass, which could affect its long-term stability.

ECOSYSTEM DEVELOPMENT: Score 8.6 out of 10

Immutable X stands out in its dedication to achieving its objectives and introducing new developments. The commitment to ecosystem development is evident, suggesting a promising future and continual growth for the platform.

TEAM & DEVELOPERS: Score 9 out of 10

With an experienced team leading the way, the project’s potential is further bolstered. Despite this, the number of software developers remains an area where augmentation would be beneficial, ensuring swift and continual product evolution.

PRODUCT & UTILITY: Score 8.92 out of 10

The utility of the product and the role of tokens within the ecosystem are commendable. The product’s utility is on the verge of being excellent, ensuring its relevance in the ever-evolving crypto world.

PARTNERS & INVESTORS: Score 8.9 out of 10

Having robust partners and investors is crucial. Immutable X doesn’t disappoint in this regard, especially when it comes to the quality of partnerships. Nevertheless, attracting more prominent investors could amplify its growth trajectory.

Fundamental analysis of Immutable cryptocurrency – The final conclusion

Upon concluding our fundamental analysis of the Immutable X cryptocurrency, the project showcases a plethora of strengths. With an impressive score in areas like team experience, ecosystem development, and media presence, it’s clear that Immutable X has the foundation to become a dominant force in the crypto space. However, potential investors should tread with caution regarding certain aspects, like token centralization and the need for more software developers. In summary, while the opportunities in Immutable X are vast, it’s always essential to balance potential rewards against risks when considering an investment.

Immutable X is the first layer two (L2) scaling solution for non-fungible tokens (NFTs) on Ethereum, with instant trading, massive scalability and zero gas fees for minting and trading, all without compromising user or asset security. Immutable X is the most technically advanced solution for NFT scaling ever built, developed with StarkWare’s powerful STARK prover and rollup technology. The IMX token is the native ERC20 utility token of the Immutable X protocol, which users can earn by conducting pro-network activities such as trading, and which can be used to pay fees, perform governance or stake on the protocol. 

Immutable believes NFT users and developers shouldn’t have to choose between the security and network
effects of Ethereum, and creating a world-class experience for their users. 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.

This is achieved through several core components:

ZK-Rollup Scaling Engine
API Abstraction Layer
NFT-Enabled Wallets
Platform SDKs
Shared Liquidity & Orderbook
Compliance & Support for World-Class Partners
Default Marketplace & Transaction History Explorer

The new release will lower the barrier to entry for Ethereum-based gaming apps and make the processes of tech development more robust and cost-efficient. Also, it is set to attract new liquidity to the Web3 games sphere as a whole. Polygon Network (MATIC) will supercharge new-gen platform for game devs: What is Immutable zkEVM?Per the official announcement made by the Polygon Network (MATIC) team yesterday, March 20, 2023, Immutable zkEVM, a novel EVM-compatible ZK-rollup fueled by Polygon (MATIC) tech and integrated with Immutable (IMX) platform, will kick off in mainnet in the coming months.

Roboworld and ImmutableX are launching a URA Airdrop Token through the Galxe platform to kick off their collaboration. This milestone partnership is sure to attract the attention of blockchain enthusiasts.

În ciuda dominației Ethereum în ansamblu și a cererii clare pentru NFT, Ethereum are de depășit obstacole substanțiale pentru a fi platforma de bază care extinde NFT-urile la o audiență globală. Din ce în ce mai mult, alte blockchain-uri, fără efectele de rețea ale lui Ethereum, concurează pentru a câștiga piața NFT, de obicei prin compromiterea securității Ethereum pentru a-și spori scalabilitatea și a-și îmbunătăți experiența utilizatorului. Principalele provocări cu care se confruntă Ethereum sunt:

Scalabilitate scăzută

Experiență slabă a utilizatorului

Experiență de dezvoltator lent

Lichiditatea     

Fundamental analysis of the Immutable cryptocurrency

Immutable X - IMX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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