Difference between revisions of "Immutable X (IMX)"

From CryptoWiki

Line 65: Line 65:
* From their [https://www.immutable.com/ website] (30-3-2021):
* From their [https://www.immutable.com/ website] (30-3-2021):


''"Under Immutable X Volition model, users will be able to choose whether particular assets are held as a [[Validium]] [[Zero-Knowledge Proofs|ZK-proof]] or [[Rollups|ZK-Rollup]]."''
''"Under Immutable X [[Volition]] model, users will be able to choose whether particular assets are held as a [[Validium]] [[Zero-Knowledge Proofs|ZK-proof]] or [[Rollups|ZK-Rollup]]."''
===Fees===
===Fees===


* [https://metaversal.banklesshq.com/p/immutable-x-unveils-imx?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTA4Njc3MCwiXyI6IitrN3VtIiwiaWF0IjoxNjI3MjMwMTg3LCJleHAiOjE2MjcyMzM3ODcsImlzcyI6InB1Yi0yNDIxODEiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.4KXqeUKj_d82TdMNLiGky From] [[Bankless DAO (BANK)|Bankless]] (23-7-2021):
* ImmutableX is turning 2% fees on to be sustainable. From their [https://weekinethereum.substack.com/p/week-in-ethereum-news-june-4-2022?s=r blog] (30-5-2022):
''"This week, we are activating Immutable X’s “protocol fee” in preparation for the upcoming release of $IMX staking in June. The protocol fee isn’t a [[gas]] fee, nor do you need to pay it in $IMX directly — it’s a simple exchange fee on transactions, paid in the currency of the trade. Part of this fee is allocated to Immutable, and part to the $IMX staking rewards pool. Immutable takes a 2% “protocol fee” on all secondary trades, with no flat fee on each trade."''
*[https://metaversal.banklesshq.com/p/immutable-x-unveils-imx?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjozOTA4Njc3MCwiXyI6IitrN3VtIiwiaWF0IjoxNjI3MjMwMTg3LCJleHAiOjE2MjcyMzM3ODcsImlzcyI6InB1Yi0yNDIxODEiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.4KXqeUKj_d82TdMNLiGky From] [[Bankless DAO (BANK)|Bankless]] (23-7-2021):


''"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]]."''
''"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]]."''

Revision as of 04:59, 6 June 2022

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

  • ImmutableX is turning 2% fees on to be sustainable. From their blog (30-5-2022):

"This week, we are activating Immutable X’s “protocol fee” in preparation for the upcoming release of $IMX staking in June. The protocol fee isn’t a gas fee, nor do you need to pay it in $IMX directly — it’s a simple exchange fee on transactions, paid in the currency of the trade. Part of this fee is allocated to Immutable, and part to the $IMX staking rewards pool. Immutable takes a 2% “protocol fee” on all secondary trades, with no flat fee on each trade."

"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

(:

Knowledge empowers all and will help us get closer to the decentralised world we all want to live in!

Making these free wiki pages is fun but takes a lot of effort and time.

If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.

ETH tip address: 0x83460bE5F218b1520B69D702cE60A1DE37dD8E31

Also check out CoinTr.ee for more content.