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The proof is then published on-chain where it is verified by a smart contract.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Immutable X protocol is highly adopted by some currently popular NFT projects especially in the gaming sector such as Gods Unchained, Moody Krows, Guild of Guardians, Moonshot Garage, etc.</li><li><a href=\"https://market.x.immutable.com/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://market.x.immutable.com/</a> and <a href=\"https://tokentrove.com/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">https://tokentrove.com/</a> are the two main NFT marketplace for Immutable X to buy and sell digital collectibles built on the protocol.</li><li>Immutable X protocol is able to support two types of metadata, first is immutable metadata that is stored on chain consisting of permanent properties data such as ids or IPFS hashes, and second is mutable metadata that is fully controlled by the application, and not recorded on-chain.&nbsp;</li></ul>\n\n\n\n<h2 id=\"h-key-metrics\">Key Metrics</h2>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><tbody><tr><td>Ticker</td><td>IMX</td></tr><tr><td>Token Name</td><td>Immutable X</td></tr><tr><td>Token Type/Protocol</td><td>ERC20/Ethereum</td></tr><tr><td>Total Token Supply</td><td>2,000,000,000</td></tr><tr><td>Current Circulating Supply&nbsp;</td><td>See <a href=\"https://coinmarketcap.com/currencies/immutable-x/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a></td></tr><tr><td>Market Capitalisation</td><td>See <a href=\"https://coinmarketcap.com/currencies/immutable-x/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Coinmarketcap</a> </td></tr><tr><td>Token Creation Date</td><td>October 2021</td></tr><tr><td>Can it be mined?</td><td>No</td></tr></tbody></table></figure>\n\n\n\n<h2 id=\"h-who-is-behind-immutable-x\">Who is behind Immutable X? </h2>\n\n\n\n<p>Immutable X is a result of partnership between StarkWare and Immutable. James Ferguson, and his brother Robbie Ferguson both founded the company and currently act as the CEO and President of Immutable X.&nbsp;</p>\n\n\n\n<p id=\"h-institutional-investors-such-as-coinbase-naspers-nirvana-capital-apex-capital-partners-continue-capital-and-galaxy-digital-are-among-the-first-investors-into-the-platform-by-participating-on-the-seed-round-in-2018-and-series-a-in-september-2019\">Institutional investors such as Coinbase, Naspers, Nirvana Capital, Apex Capital Partners, Continue Capital and Galaxy Digital are among the first investors into the platform by participating on the seed round in 2018 and series A in September 2019.</p>\n\n\n\n<h2 id=\"h-what-is-the-purpose-of-immutable-x\">What is the purpose of Immutable X? </h2>\n\n\n\n<p id=\"h-imx-token-is-the-main-asset-in-the-immutable-x-l2-environment-it-is-used-as-a-reward-system-to-reward-users-for-their-contributions-to-the-platform\">IMX token is the main asset in the Immutable X L2 environment. It is used as a reward system to reward users for their contributions to the platform.&nbsp;&nbsp;&nbsp;</p>\n\n\n\n<h2>Insights</h2>\n\n\n\n<ul><li>Immutable X market is integrated with Moonpay so that users could easily purchase ETH that will directly go into their Immutable X wallet using debit or credit card. This could significantly lower the barrier of entry for new users to trade NFT on the platform and also lower the cost of fund transfer considering high gas fees on the Ethereum network at the moment.</li></ul>\n\n\n\n<h2 id=\"h-risks\">Risks</h2>\n\n\n\n<ul><li>L2 scaling solutions are racing to make L1’s i.e. ETH scalable. Hence, a risk of product substitution from L1 scalability breakthrough does exist. Besides that, there is also a risk of rivalry due to the low barrier of entry for potential competitors to build similar products since majority of L2 are utilizing an already existing technology such as zk-rollups, etc.&nbsp;&nbsp;&nbsp;</li><li>Security risk: as we have seen with the <a href=\"https://www.coindesk.com/tech/2020/10/27/4-bitcoin-lightning-network-vulnerabilities-that-havent-been-exploited-yet/\" target=\"_blank\" rel=\"noreferrer noopener\">bitcoin lightning network</a>, and some other L2 initiatives, they tend to have an unexplored potential security risk and vulnerability either due to its nature as L2 or the technological implementation.&nbsp;</li></ul>\n\n\n\n<h2 id=\"h-news-and-updates\">News and Updates:</h2>\n\n\n\n<ul><li>StarkWare is developing a new approach to scaling that they call as a solution on L3, an application specific layer built recursively over L2.</li><li>Immutable X recently secured a series B funding of <a href=\"https://www.smartcompany.com.au/startupsmart/news/immutable-82-million-nft-trading-tech/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">$82 million</a> led by institutional investors such as BITKRAFT Ventures, King River Capital, etc. The new funding will be used to expand and grow the marketing and product especially in the NFT based gaming platform sector, also to bolster partnerships with gaming companies.</li></ul>\n\n\n\n<p><strong>Disclaimer</strong><br>All investments are speculative and involve substantial risk and uncertainty. Investors should understand the nature of digital assets including the terms of return and the risk of assets. We encourage investors to fully understand the assets and the risk associated with them prior to making any investment.&nbsp;&nbsp;</p>\n","seo":{"title":"IMX to IDR - Buy Immutable X Instanly - Zipmex","metaDesc":"Buy or sell IMX. Get the latest IMX IDR (IMX to IDR) price quote, history, news and other information. Sign up to trade with low fees"},"categories":{"nodes":[{"slug":"listed-coin"}]},"acfCoinInfo":{"ciHomeFullName":"Immutable X","ciTickerSymbol":"IMX","ciIcon":{"localFile":{"publicURL":"/static/6e953d49e9986e58f9d8bf44a96c2f1c/IMX.svg"}},"websiteLink":"https://www.immutable.com/","whitepaperLink":"https://docs.x.immutable.com/docs","detailedRuleLink":null}},"otherCoinInfos":{"nodes":[{"slug":"ape-id","excerpt":"<p>ApeCoin is the famous NFT project, Bored Ape Yacht Club (BAYC)’s native token. It works as a utility and government token powering the APE ecosystem.</p>\n","acfCoinInfo":{"ciHomeFullName":"ApeCoin","ciTickerSymbol":"APE","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080818","images":{"fallback":{"src":"/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png","srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/e2842/APE.png 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/294d3/APE.png 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/03e84/APE.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/51ac8746e5d9954d5e3939b247b0a402/9f21a/APE.webp 100w,\n/static/51ac8746e5d9954d5e3939b247b0a402/752c3/APE.webp 200w,\n/static/51ac8746e5d9954d5e3939b247b0a402/02841/APE.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"cvx-id","excerpt":"<p>Convex Finance is a DeFi platform designed to provide additional yield and ease of use to the stakers and liquidity providers of CRV tokens.</p>\n","acfCoinInfo":{"ciHomeFullName":"Convex Finance","ciTickerSymbol":"CVX","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#383838","images":{"fallback":{"src":"/static/91481387571b0b76bb03a43dfffef980/03e84/CVX-3.png","srcSet":"/static/91481387571b0b76bb03a43dfffef980/e2842/CVX-3.png 100w,\n/static/91481387571b0b76bb03a43dfffef980/294d3/CVX-3.png 200w,\n/static/91481387571b0b76bb03a43dfffef980/03e84/CVX-3.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/91481387571b0b76bb03a43dfffef980/9f21a/CVX-3.webp 100w,\n/static/91481387571b0b76bb03a43dfffef980/752c3/CVX-3.webp 200w,\n/static/91481387571b0b76bb03a43dfffef980/02841/CVX-3.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"dydx-id","excerpt":"<p>dYdX is a DeFi protocol focusing on perpetual contracts products built on top of the Starkware layer-2 network. </p>\n","acfCoinInfo":{"ciHomeFullName":"dYdX","ciTickerSymbol":"DYDX","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#080828","images":{"fallback":{"src":"/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png","srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/e2842/dydx-website-banner.png 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/294d3/dydx-website-banner.png 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/03e84/dydx-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/bc6b9a01159c9240eeda3dcf900d6655/9f21a/dydx-website-banner.webp 100w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/752c3/dydx-website-banner.webp 200w,\n/static/bc6b9a01159c9240eeda3dcf900d6655/02841/dydx-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}},{"slug":"ygg-id","excerpt":"<p>YGG is the utility token of Yield Guild Games, a play-to-earn gaming guild. It is a Decentralized Autonomous Organization.</p>\n","acfCoinInfo":{"ciHomeFullName":"YieldGuildGames","ciTickerSymbol":"YGG","ciHomeFeaturedImage":{"localFile":{"childImageSharp":{"gatsbyImageData":{"layout":"constrained","backgroundColor":"#081828","images":{"fallback":{"src":"/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png","srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/e2842/Yield-Guild-Games-website-banner.png 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/294d3/Yield-Guild-Games-website-banner.png 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/03e84/Yield-Guild-Games-website-banner.png 400w","sizes":"(min-width: 400px) 400px, 100vw"},"sources":[{"srcSet":"/static/749075fe65de4abc76e5d62e97c31fd7/9f21a/Yield-Guild-Games-website-banner.webp 100w,\n/static/749075fe65de4abc76e5d62e97c31fd7/752c3/Yield-Guild-Games-website-banner.webp 200w,\n/static/749075fe65de4abc76e5d62e97c31fd7/02841/Yield-Guild-Games-website-banner.webp 400w","type":"image/webp","sizes":"(min-width: 400px) 400px, 100vw"}]},"width":600,"height":369}}}}}}]}},"pageContext":{"lang":"id_en","footerMenus":"[{\"slug\":\"about-us-id-en\",\"acfMenu\":{\"menuTitle\":\"About Us\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTg4\",\"label\":\"About\",\"url\":\"/en/about-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkx\",\"label\":\"Terms and Conditions\",\"url\":\"/en/terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDQxMzI=\",\"label\":\"ZipUp+ Terms and Conditions\",\"url\":\"/zipup-terms-and-conditions-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTky\",\"label\":\"Privacy Policy\",\"url\":\"/en/privacy-policy-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTkz\",\"label\":\"In the Media\",\"url\":\"/en/news/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo0NTAyMQ==\",\"label\":\"Careers\",\"url\":\"https://zipmex.bamboohr.com/jobs/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"mobile-id-en\",\"acfMenu\":{\"menuTitle\":\"Mobile\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjE1\",\"label\":\"iOS\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDo4MjE2\",\"label\":\"Android\",\"url\":\"https://zipmex.onelink.me/8NSq/15940e3a\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"products-id-en\",\"acfMenu\":{\"menuTitle\":\"Products\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo4MjIz\",\"label\":\"Trade\",\"url\":\"https://trade.zipmex.co.id/exchange/\",\"cssClasses\":[],\"target\":\"_blank\"},{\"id\":\"cG9zdDoyNDY3OQ==\",\"label\":\"Earn\",\"url\":\"/en/earn/\",\"cssClasses\":[],\"target\":null}]}},{\"slug\":\"support-id-en\",\"acfMenu\":{\"menuTitle\":\"Support\"},\"menuItems\":{\"nodes\":[{\"id\":\"cG9zdDo5OTk2\",\"label\":\"Support Center\",\"url\":\"/en/support/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk3\",\"label\":\"Announcements\",\"url\":\"/en/announcements/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk4\",\"label\":\"Contact Us\",\"url\":\"/en/contact-us/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDo5OTk5\",\"label\":\"Fees\",\"url\":\"/en/fee-schedule-id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozMjc3OA==\",\"label\":\"Get updates\",\"url\":\"https://communications.zipmex.co.id/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDozNTk2OA==\",\"label\":\"Learn\",\"url\":\"/en/learn/\",\"cssClasses\":[],\"target\":null},{\"id\":\"cG9zdDoxNDMyMjI=\",\"label\":\"Apply To List\",\"url\":\"https://zipmex.com/zipmex-labs-application-form/\",\"cssClasses\":[],\"target\":null}]}}]","latestPosts":"[{\"title\":\"What is CBDC? 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