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Immutable

IMX

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

About Immutable

IMX is an Ethereum token that powers Immutable X, a scaling solution for NFTs that aims to enable near-instant, low fee transactions. IMX can be used for staking on Immutable X, voting on the future of the protocol, and paying transaction fees.

Immutable is a decentralized platform that uses advanced technologies to create simple products for people around the globe. Immutable aims to become a platform where people can read and write content without the fear of privacy endangerment, censorship, or expenses.

According to the whitepaper, the platform plans to achieve its goals with the help of multiple blockchain networks such as EthereumBinance Smart Chain (BSC) network, InterPlanetary File System (IPFS), and many more. Immutable also intends to host all the data on IPFS for platform users. IPFS is a peer-to-peer file distribution system that aims to provide users access of all the browsers that are available on the market without installing any additional software.

The DARA token is the native token of the Immutable which is available on the Binance Smart Chain platform. And, BEP20 is the token standard of DARA, used for creating or issuing smart contracts on the Ethereum blockchain. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. In addition, DARA is aiming to build a decentralized governance system to secure the ecosystem. 

Thirty-six percent of the total token supply is distributed in public sale whereas 10% of it goes to the DAO fund. A DAO is a type of organization that developers create to automate decisions and transactions. Moreover, 15% is distributed to the advisory fund and15% to the team fund. Twenty-one percent of the total token supply is kept locked in the DARA liquidity. And lastly, the remaining 3% will be utilized in marketing and promotion. Liquidity is the conversion of an asset into traditional currency without impacting the market price.

Gigamesh is the founder of Immutable, and Louis Miles is the project director. According to the whitepaper of Immutable, the platform has a maximum total supply of 42,000,000 DARA coins. Also, the whitepaper was published on July 30, 2021.

Market

United Kingdom Market Stats

Market cap

£2.5B

Volume (24h)

£41.2M

Circulating supply

1.5B IMX

Typical hold time

46 days

Popularity

#36

All time high

£7.60

Price change (1h)

+0.77%

Price change (24h)

+2.86%

Price change (7d)

-3.17%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Immutable on social media

3,074 unique individuals are talking about Immutable and it is ranked #119 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Immutable has an average sentiment score of 3.2 out of 5. Finally, Immutable is becoming more newsworthy, with 0 news articles published about Immutable. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about Immutable. There were 30.84% of tweets with bullish sentiment compared to 11.08% of tweets with a bearish sentiment about Immutable. 58.07% of tweets were neutral about Immutable. These sentiments are based on 832 tweets.

On Reddit, Immutable was mentioned in 112 Reddit posts and there were 200 comments about Immutable. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

3,074 people

Volume rank

#119

Average Sentiment

3.2 out of 5

Twitter

Reddit

Posts

112

Comments

200

Post Score

10,774

Comment Score

11,528

Immutable is on the decline this week.

The price of Immutable has increased by 0.77% in the last hour and increased by 2.86% in the past 24 hours. Immutable’s price has also fallen by 3.17% in the past week. The current price is £1.70 per IMX with a 24-hour trading volume of £41.16M. Currently, Immutable is valued at 77.65% below its all time high of £7.60. This all-time high was the highest price paid for Immutable since its launch.

The current circulating supply of Immutable is 1,456,815,249.39 IMX which means that Immutable has as total market cap of 1,456,815,249.39.

FAQ

What is the current price of Immutable?

We update our Immutable to GBP currency in real-time. Get the live price of Immutable on Coinbase.

What is the market cap of Immutable?

The current market cap of Immutable is £2.48B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Immutable?

The all-time high of Immutable is £7.60. This all-time high is highest price paid for Immutable since it was launched.

What is the 24 hour trading volume of Immutable?

Over the last 24 hours, the trading volume of Immutable is £41.16M.

What other assets are similar to Immutable?

Assets that have a similar market cap to Immutable include Wrapped Bitcoin, Toncoin, Internet Computer, and many others. To see a full list, see our comparable market cap assets.

How many Immutable are there?

The current circulating supply of Immutable is 1.5 billion.

What is the typical holding time of Immutable?

The median time that Coinbase customers hold Immutable before selling it or sending it to another account or address is 46 days.

What is the relative popularity of Immutable?

Immutable ranks 85 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Immutable?

Currently, 95% of Coinbase users are buying Immutable. In other words, 95% of Coinbase customers have increased their net position in Immutable over the past 24 hours through trading.

Can I buy Immutable on Coinbase?

Yes, Immutable is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Immutable guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024