Get to know IMX, the new Mainnet crypto asset on Indodax
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Get to know IMX, the new Mainnet crypto asset on Indodax

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Get to know IMX, the new Mainnet crypto asset on Indodax

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IMX crypto asset this week will be listed on Indodax. Open deposit will start on March 23, 2022 at 14:00 WIB and open trading will start on March 24, 2022 also at 14:00 WIB.

Immutable X is one of the ERC-20 crypto assets that uses the ZK Rollup. They take thousands of off-chain trades, produce proof that all of those trades are valid and then publish to the on-chain proof, where it is verified by smart contracts. Let’s cut to the chase! Come and find out more here!

What is Immutable X?

Immutable X is the first layer-2 scaling solution for NFTs on Ethereum, with instant trade confirmation, massive scalability, and zero gas fees — without compromising user custody.

Immutable and StarkWare partnered to create Immutable X, which combines StarkWare’s world-class layer-2 scaling knowledge with Immutable’s deep understanding of the NFT space.

Vision

Built by Immutable and StarkWare, their vision is to scale the world’s digital assets in an open and decentralized environment.

How does immutable work?

Immutable X uses a ZK rollup: they take thousands of off-chain trades, generate a proof that these trades were all valid (i.e. the users who owned the assets signed the trades), and then publish that proof on-chain, where it is verified by a smart contract. 

During this process, the on-chain user assets are held in the smart contract, and can only be released after a valid proof, including them, has been published in a batch.

IMX Crypto Assets

The current CoinMarketCap ranking is #142, with a live market cap of $369,161,573 USD. It has a circulating supply of 235,284,001 IMX coins and a max. supply of 2,000,000,000 IMX coins.

How to Buy IMX Crypto Assets on Indodax

For those of you who want to buy IMX crypto assets, you can buy them on Indodax starting March 23, 2022 at 14:00 WIB

Here’s how to buy it:

  1. For those of you who are not yet a member, you can click the link here
  2. After that, make a deposit. For those of you who are confused about how to deposit, click on this link
  3. After your deposit and balance come in, you can return to the market
  4. Look for IMX in the Rupiah market then click
  5. After entering, all you have to do is buy by filling in the balance and at what price you want to buy IMX. You can also buy it instantly or directly at the current price
  6. After that, you need to patiently wait for the price to increase for some time
  7. After the price increases, you can sell it at a higher price with the instant method
  8. If you sell with the limit method, you can place orders after buying. Make sure you enter a higher number when selling.
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