Key Metrics

Real Volume (24H)$246.21
Fully Diluted Valuation$730,268
ATH Date8/13/2021, 4:25:16 PM
ATL Date7/14/2022, 3:06:30 PM
Circulating SupplyN/A
Total Supply42M
Popularity Rank9892
What is Immutable?

IMX is a cryptocurrency token that powers Immutable X, a scaling solution for non-fungible tokens (NFTs) that aims to enable near-instant and low-fee transactions. Apart from paying transaction fees, IMX can be used for staking on Immutable X and voting on the future of the protocol.

Immutable is a decentralized platform that seeks to provide simple products for people worldwide by utilizing advanced technologies. The platform aims to create an environment where users can read and write content without censorship, privacy risks, or financial barriers. According to the whitepaper, the platform plans to achieve these goals by using multiple blockchain networks such as Ethereum, Binance Smart Chain (BSC) network, InterPlanetary File System (IPFS), and more.

Immutable's primary goal is to host all data on IPFS for platform users. IPFS is a peer-to-peer file distribution system that aims to provide users with access to all browsers available on the market without the need for additional software.

DARA is the native cryptocurrency token of Immutable, available on the Binance Smart Chain platform. BEP20 is the token standard of DARA used for creating or issuing smart contracts on the Ethereum blockchain. Smart contracts are digital protocols that run on the blockchain and are used to automate and enforce agreements.

Immutable is aiming to build a decentralized governance system to secure the ecosystem, and DARA tokens will play a crucial role in this. The total token supply is 42,000,000 DARA coins, with 36% distributed in public sale, 10% allocated to the DAO fund, 15% to the advisory fund, 15% to the team fund, 21% locked in the DARA liquidity, and 3% utilized in marketing and promotion.

Gigamesh is the founder of Immutable, and Louis Miles is the project director. The whitepaper was published on July 30, 2021, providing the community with detailed information about the platform's goals and objectives.

In conclusion, IMX and DARA tokens are integral to the operation of Immutable X and Immutable, respectively. By leveraging advanced blockchain technologies and innovative solutions, Immutable aims to create a decentralized platform where people can read and write content without censorship or privacy risks. The platform's use of multiple blockchain networks, coupled with its focus on IPFS, ensures that Immutable is poised to revolutionize the content creation and distribution space.


The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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