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Immutable X Breaks Records with Over 720,000 Registrations for $12.5M IMX Sale on CoinList By DailyCoin

by Mike Robinson

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Immutable X Breaks Records with Over 720,000 Registrations for $12.5M IMX Sale on CoinList

Immutable X has sold out its CoinList sale of more than $12.5 million USD in IMX tokens in less than one hour, with a record breaking number of registrants for the platform. This record-breaking sale took place on the same platform that ran sales for protocol such as Solana and Flow.

The sale saw 720,000 registered accounts sign up. Purchases were limited to $100 – $500 per person and only 3.6% (roughly 25,000) of registrations were able to purchase due to demand. Officially, the sale concluded after Immutable had announced their $60M USD SeriesB and began a string of prominent business integrations.

IMX is the native token of Immutable X, aiming to be Ethereum’s “Stripe for NFTs”. Immutable X is Ethereum’s first zero-knowledge rollup (zk-rollup) scaling protocol for gas-free NFT minting and trading. This protocol announced integrations for marketplaces OpenSea (Mintable), TokenTrove and powers some of the most important NFT plays in DeFi (SuperFarm), Collectables(Epics.GG) and gaming (GreenPark Sports. Illuvium. MyCryptoHeroes+).

StarkWare has launched the hypersecure scaling protocol. This follows a series of security issues involving non-layer 2 solutions like the Poly Network hack that cost $600m.

The IMX token was created to speed up the Immutable X Protocol’s growth. Every user that trades in any Immutable X app, market, or game earns the token. This token aligns incentives to developers and users who help grow a sustainable NFT ecosystem through pro-network activities such as liquidity provision, trading and application building. Here is the whitepaper.

The token sale is over, but supporters still have the opportunity to obtain IMX tokens via developer grants or future community initiatives. NFT developers can join the L2 community and receive up to 30,000 IMX if they launch successful NFT projects using Immutable X before September 31st.

“We’re beyond thrilled with this response. It’s insane.”
said Robbie Ferguson, co-founder of Immutable X,

“we’re excited to help take NFT businesses mainstream with hundreds of millions of NFT transactions per day, without compromising on security, liquidity, or most importantly – living on blockchain’s version of the open internet: .”

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