How to Buy Immutable X (IMX)

While it is impossible to offer an accurate ImmutableX price prediction over any duration, several fundamental factors could be considered critical drivers of price action and volatility in the IMX crypto. These include:

Level of Adoption of ImmutableX

As more developers pick the ImmutableX platform to support their Web3 games and NFT collections, the price of IMX token could strengthen. Launching more projects would bring in more users, boosting the on-chain activity on the Layer-2 network and making the ImmutableX token a more valuable digital asset.

Future Developments of ImmutableX Ecosystem

Future developments include new partnerships with renowned businesses to launch their projects via ImmutableX, especially those outside the crypto industry and from mainstream businesses. In addition, whenever developers roll out more upgrades that improve the efficiency of the ImmutableX platform and marketplace, the IMX price could also witness an uptrend.

Market Sentiment

Market sentiment is critical in determining how the price of IMX cryptocurrency moves. A positive or bullish outlook towards digital assets and NFTs could drive gains in the ImmutableX price. However, a bearish or risk-averse sentiment could send investors away from the market, causing sell-offs that could weaken the value of IMX token.

$IMX is the native crypto asset of the ImmutableX ecosystem and serves the following purposes:

Native Currency

IMX is used to pay 20% of the protocol fee on every transaction undertaken on ImmutableX. Even if you do not own IMX, the ImmutableX platform converts the fees paid by buying $IMX on the open market for this purpose.

Staking

All the transaction fees paid in IMX are staked in the ImmutableX staking pool by the platform. You can earn rewards from the platform’s revenues by staking IMX in this manner.

Governance Token

You can also enjoy voting rights and participate in the decentralized governance mechanism of ImmutableX by holding IMX. In this manner, you can contribute your thoughts on proposals that decide on the future evolution of the platform.

Crypto Asset to Trade and HODL

Trade ImmutableX against other cryptocurrencies to profit from market conditions and volatility changes. You can buy or sell IMX against other digital assets or hold it long-term if you believe in the future potential of ImmutableX.

Earn Passive Income on KuCoin

You can also leverage your IMX holdings to earn passive income on KuCoin through our Crypto Lending service. Lend liquidity in IMX here over a period of seven days, 14 days, or 28 days to earn daily interest and grow your crypto portfolio in a safe and risk-free manner.

The ImmutableX Marketplace is home to some of the most popular NFT collections. Here’s how you can buy non-fungible tokens on ImmutableX Marketplace:

1. Visit the ImmutableX Marketplace app and connect your non-custodial crypto wallet to its interface.

2. Ensure your wallet is sufficiently funded with ETH to buy NFTs on the app. You can buy ETH on KuCoin or other supported platforms and transfer the funds to your wallet.

3. Review the NFT collections listed on the ImmutableX Marketplace.

4. Click on the collection you are interested in, and check the available NFTs.

5. Review the price of the NFT you wish to buy and click on Buy if you want to buy it directly. You can also bid for the asset by clicking on the ‘Make an offer’ button. You can own the NFT at your bid rate if your bid wins.

6. Confirm the transaction using your wallet.

7. You can now receive the NFT you purchased and store it in your wallet.

You can stake IMX on ImmutableX and earn rewards from the revenues generated by the platform. Follow the steps given below for staking IMX:

1. Visit the Staking section of the IMX Community website at this link.

2. Connect your crypto wallet to the app. Ensure your wallet has sufficient funds of IMX for staking. You can buy and transfer IMX crypto from KuCoin or other supported platforms to your wallet to fund it.

3. Enter the number of IMX tokens you wish to stake and click on the Stake button to confirm.

4. Confirm your transaction from your wallet.

5. Your IMX tokens are now staked and locked up for 14 days. You can unstake your tokens and rewards at the end of each staking cycle to grow your IMX holdings.