Immutable X (IMX) is a solution that aims to enhance the scalability and user experience of NFTs on the Ethereum blockchain. This article will provide an overview of what Immutable X is and how to buy it using TRY.
Immutable X was founded in 2018 by James Ferguson, Robbie Ferguson, and Alex Connolly. Its primary goal is to address the scalability challenges faced by Ethereum-based NFTs. By utilizing innovative scaling technology, Immutable X offers instant transaction confirmation and near-zero transaction fees for minting and trading NFTs, delivering a seamless and cost-effective experience. It aims to unlock the full potential of NFTs while maintaining the security and decentralization of the Ethereum network. For the latest technology news, you can visit NEWSLINKER.
At the core of Immutable X is a Layer 2 protocol called Zero-Knowledge Rollup (ZK-Rollup). This protocol aggregates hundreds of transactions into a single zero-knowledge proof called zk-STARK. The proof is then sent to the Ethereum Blockchain and verified by a smart contract, significantly reducing the computational and storage resources needed for transaction validation. As a result, Immutable X achieves speeds of up to 9,000 transactions per second (TPS) with zero transaction fees for end-users, making it an efficient solution for NFT trading and minting.
In addition to its scalability benefits, Immutable X is also environmentally friendly. By utilizing ZK-Rollup, the platform achieves 100% carbon neutrality, reducing energy consumption compared to traditional Ethereum transactions. Moreover, Immutable X provides robust REST APIs and user-friendly software development kits (SDKs) that enable developers to easily integrate NFT functionality into their applications. This facilitates the rapid development of NFT projects, including play-to-earn games, with minimal time and effort.
IMX coin is the primary network asset of Immutable X and serves as both a utility and governance token within the platform. With a total supply of 2 billion, IMX is used to pay transaction fees, incentivize users and developers, and participate in platform governance. Participants can earn IMX coins through various activities such as trading NFTs, contributing to platform growth, and staking in reward pools. IMX holders also have voting power in the governance of Immutable X, allowing them to submit community proposals and participate in votes.
To buy Immutable X (IMX) using TRY, Binance TR is the most suitable cryptocurrency exchange for investors in Turkey. Binance TR allows users to create an account quickly and offers a wide range of cryptocurrencies, including IMX. Follow these steps to buy IMX with TRY on Binance TR:
1. Open an account on Binance TR by visiting the trbinance.com website and clicking on the “Create Account” option.
2. Provide the necessary information, such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
3. Complete the email/sms verification process to confirm your information.
4. Proceed to the identity verification (KYC) process by hovering over the “Profile” option on the Binance TR website, clicking on “Identity Verification and Limits,” and then selecting “Verify.”
5. Scan the QR code that appears with your phone’s camera or click on the “Copy URL” option to send the verification address to your phone via SMS.
6. Follow the instructions on your phone to complete the identity verification process, including uploading the necessary documents and taking a selfie.
7. Deposit TL into your Binance TR account by going to the trbinance.com website, hovering over the “Wallet” option, and selecting “Deposit.” Choose your preferred bank and transfer the desired amount using the provided information.
8. After your bank completes the transfer process, the funds will be reflected in your Binance TR account.
9. Click on the “Buy-Sell” option in the top left menu on the Binance TR website to buy IMX with TL.
10. Type “IMX” in the search section and select the IMX/TRY option from the results.
11. Enter the price and quantity of IMX you want to buy, then click the “Buy IMX” button to complete the purchase.
Binance TR is the Turkish cryptocurrency exchange launched by Binance, the world’s largest exchange by trading volume. Binance TR provides fiat-to-crypto and crypto-to-crypto trading services and allows users to deposit and withdraw Turkish lira (TRY) directly through bank channels. It offers market-leading spot trading liquidity, advanced security protocols, custody solutions, and risk controls.
Please note that the information provided in this article does not constitute investment advice. Cryptocurrencies carry high volatility and risk, and investors should conduct their own research before making any investment decisions.
