Immutable
IMX
Evaluation Score
Overall rating on a scale of 0-10
Crypto Token Health Score Explained
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AI Analysis
Comprehensive evaluation of the token
Immutable X (IMX) Overall Evaluation
Immutable X stands out as a mature, NFT-focused Layer-2 on Ethereum, combining high throughput, gas-free UX, and robust security. Active development (8/10) and strong community engagement (8/10) underpin a transparent roadmap and healthy contributor base. Tokenomics (8/10) balance utility (gas, staking, governance) with disciplined vesting, though large locked reserves pose moderate sell-pressure risk. Market fit (7/10) is validated by top partnerships (GameStop, Gods Unchained) but faces intense L2 competition. The founding team and governance (8/10) are credible and well-backed, while security (9/10) is top-tier with multiple audits and a clean incident history.
Key Strengths:
- Gas-free NFT minting/trading via zk-Rollups with carbon-neutral branding
- Transparent, on-chain governance and disciplined inflation/burn mechanisms
- Strong security audit record and active bug bounty program
Risks:
- Token concentration in foundation/team may centralize governance or trigger sell-offs
- Crowded Layer-2 landscape competing for NFT market share
Overall, IMX demonstrates solid fundamentals and real-world utility, justifying a positive medium-risk allocation.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Immutable (IMX)
Immutable (IMX)
Immutable (IMX) is the native ERC-20 token of Immutable X, a Layer-2 scaling solution for non-fungible tokens (NFTs) on Ethereum. Immutable X leverages zero-knowledge rollups (zk-rollups) to enable gas-free minting, trading, and transfers of NFTs while maintaining the security and decentralization of the Ethereum mainnet.
Key Features
- Gas-Free NFT Trading: Users can mint, buy, and sell NFTs without paying Ethereum gas fees.
- High Throughput: Supports thousands of transactions per second through zk-rollup batching.
- Carbon Neutral: All on-chain activity is offset by renewable energy credits.
- Secure & Non-Custodial: Assets remain in users’ wallets; Immutable X delivers Layer-2 scalability without sacrificing Ethereum’s security.
- Developer Tools & APIs: Comprehensive SDKs, APIs, and marketplace integrations for dApp and gaming projects.
Token Utility
- Protocol Fees: IMX is used to pay and subsidize network fees on Immutable X.
- Staking & Rewards: Participants can stake IMX to secure the network and earn protocol rewards.
- Governance: Holders may participate in on-chain governance to shape protocol upgrades and parameters.
Technology
- Framework: zk-STARK based rollups for Ethereum Layer-2 scaling
- Token Standard: ERC-20 on Ethereum Mainnet
- Bridge: Trustless bridge between Ethereum and Immutable X Layer-2
Use Cases
- NFT Marketplaces: Gas-free trading environments powered by IMX.
- Web3 Games: Fast in-game item minting and trading.
- Digital Collectibles: Carbon-neutral minting for artists and creators.
Resources
- Official Website: https://www.immutable.com
- Whitepaper: https://www.immutable.com/whitepaper
- Explorer: https://explorer.immutable.com
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