HotsCoin Lists Immutable X (IMX): A Second-Layer Solution Revolutionizing NFTs

On October 26th, Immutable X (IMX) made its debut on HotsCoin. Immutable X is a second-layer scaling solution built on the Ethereum blockchain, designed to provide the NFT industry with highly scalable and gas-free transaction and minting services. HotsCoin has now opened trading for IMX.

1. Introduction
   Immutable X is a second-layer scaling solution built on the Ethereum blockchain, with the primary aim of providing the NFT industry with highly scalable and gas-free transaction and minting services. HotsCoin has recognized its core features, including instant transaction confirmations, extremely low transaction costs, and user-friendliness tailored for mainstream gamers. Immutable X was created by Immutable, the developers of the blockchain-based game "Gods Unchained," and it specializes in the GameFi sector.

2. Technical Features
   HotsCoin has observed that Immutable X leverages zero-knowledge rollup technology to offer instant transaction confirmations. It boasts exceptional scalability, with the capability to process up to 9,000 transactions per second, all without the need for gas fees. Additionally, it provides a global order book, facilitating the distribution of NFTs to every market within the blockchain network.

3. User Experience
   HotsCoin has noticed that Immutable X integrates credit card payments, attracting mainstream gamers. For developers, Immutable X offers professional and user-friendly APIs and SDKs to expedite the release of new games.

4. Team and Investment
   HotsCoin acknowledges that Immutable X is led by an experienced team, with James Ferguson at the helm, who previously supervised software development teams at a billion-dollar e-commerce company. Immutable X has received support from well-known cryptocurrency venture capital firms, including Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital, and Galaxy Digital.

5. IMX Token
   Immutable X has its native IMX token, following the ERC-20 standard, with a total supply of 2 billion. Users can earn IMX by developing applications and trading NFTs. IMX serves various purposes, from rewarding users to paying transaction fees and staking for rewards, with the number of tokens determining voting rights.

6. Ecosystem and Games
   HotsCoin notes that Immutable X's ecosystem includes several successful games like "Gods Unchained," "Guild of Guardians," and "Undead Blocks." These games have attracted millions of players and achieved significant success in the NFT market.

7. Growth Prospects
   In summary, HotsCoin recognizes the strong growth prospects of Immutable X. By adopting zk-rollups technology, providing user-friendly APIs and wallets, creating its own marketplace, and focusing on the GameFi sector, Immutable X is poised to gain a competitive edge in the ever-expanding blockchain gaming market.

8. Market Data (as of May 25, 2022)

• Circulating Supply: 1,208,896,260.49 IMX
• Total Supply: 2,000,000,000 IMX
• Circulating Market Cap: $794,978,226.149
• Fully Diluted Market Cap: $1,315,213,310.08

1. Latest Developments
   HotsCoin highlights that Immutable X has partnered with Kongregate to launch a $40 million blockchain game development fund.

HotsCoin will continue to monitor the project's ecosystem. Please note that investments involve risks, and the above report is for reference purposes only; it does not constitute investment advice. (Report written on October 2023)