Since the launch of the first NFTS, he has gradually gained popularity not only among the Crypto investors, but also among the artists, celebrities and people from all the fields of life.
But popularity gave some challenges. The cost of scalability and transactions quickly became a major headache, especially on the atherium, Go-Two Network for NFT. Layer 2 model replaced the game by addressing these pain points, making the transactions uninterrupted and efficient.
It is the same model that gives powers to a major blockchain platform irreversible X for gamefi projects and NFT collections. Let’s take a deep look how this project works.
What is irreversible X and how does it work?
Irrevocable X A layer 2 solution designed to fix the largest NFT problem of the atherium is: high gas fee. By adding an additional layer to process transactions more efficiently, irreversible X makes NFT trading and growth rapidly, cheaper and more accessible to all.
The project began in 2018, with James and Robbie Ferguson working closely with Alex Konoli, with Starkware.
So, how does IMPTABLE X work? It uses ZK-Stark technology to efficiently batch the transaction while keeping all the data completely private. This helps reduce blockchain congestion, promote security and process up to 9,000 transactions per second – keeping all gas fees low.
What is irreversible X Cryptocurrency?
The irreversible X (IMX) is the utility token of the irreversible X platform, how it works and the core for its overall ecosystem.
As the ERC -20 utility and governance tokens with a total supply of 2 billion, the IMX fulfills a lot of purposes within the network. It is used to pay for transactions fees, ensuring that everything goes smooth and well on the platform. IMX is also important in stacking, which helps tokens to protect the network and receive rewards.
Additionally, token enables regime, which provides users the ability to vote on platform decisions, and serves as an incentive for users to connect with the platform.
For whom is it used?
Let’s go in more detail on the use of irreversible X Cryptocurrency:
- 20% network fee is paid in irreversible X (IMX), but users do not need to catch the tokens themselves. The network automatically converts the payment portion to cover the required fees in the IMX.
- All the IMX collected from the fees is sent to a stacking rewards pool. If you are actively stopping your token, you will receive daily awards. To qualify, you need to vote on a governance proposal or have a trade within the last 30 days and will have to hold your IMX token on L1 or L2 either.
- The IMX cryptocurrency holders have to say how the platform develops. You can vote on decisions such as adjusting tokens, distributing stores, or funding developers. To cast a vote, you just need to keep a certain number of IMX tokens – what is this number, however, depends on the community.
Unchanged x Value History and Future Trends
The IMX tokens were launched in early November 2021, and a few weeks later, it hit a high level of $ 9.50 on 25 November. After reaching its ath, the price of the token started continuously falling, finally it fell back where it began. By February 2025, the price of the token is approximately $ 0.79, meaning its price has barely changed because it was launched for the first time, showing zero increase.
The future of IMX will depend on some major factors: how widely unchanged X’s layer -2 solutions are adopted, NFT and growth of gaming markets, and overall mood in the cryptocurrency world. If its platform becomes more popular as a Go-Two option for rapid and cheap transactions in NFT space, it can see development.
questions to ask
How many irreversible xs are there?
2 billion IMX tokens are in circulation in irreversible X. Half of them is used for the development of ecosystems, setting separately for founders, funding rounds and strategic marketing and partnership efforts.
What makes irreversible x unique?
The irreversible X actually stands out by addressing the major problems of the atherium – dull speed and steep fee. It uses a layer 2 solution with ZK-Stark Tech, which makes the transaction sharp and cheaper, allowing thousands of transactions per second. This makes NFT trading very smooth and simple.
What is unchanging x safe?
Yes, irreversible X is safe. Using the ZK-Stark technique, it efficiently adds transactions, which helps protect the data and reduces the congestion of blockchain. It keeps things fast and safe. In addition, being built on Etreum means that it enjoys the additional protection of Etreum’s network, making it a reliable platform for NFTs and gamefi.
