$IMX Token Is Getting Listed On The LCX Exchange

We are happy to announce the listing of $IMX. Starting on Thursday, 20th March 2025, at 12 PM CET. LCX Exchange will support the $IMX. Deposits will start on – Thursday, 20th March 2025, at 12 PM CET, and the trading pair $IMX/EUR will be listed. 

What is $IMX?

IMX is an ERC-20 utility token built for the purposes of rewarding pro-network activities on Immutable X, such as trading, liquidity provision and building applications. The token aligns incentives between traders, creators and marketplaces so that all participants benefit from protocol activity. Immutable has partnered with the token issuer, Digital Worlds Ltd. NFTS (the “Foundation”), to distribute IMX for use on the Immutable X protocol. Immutable is the exclusive service provider developing the Immutable X protocol and token, which will be managed by the Foundation. No director nor employee of Immutable, nor Foundation directors will be directly receiving any tokens as compensation for their services or their involvement in the project.

Token Utility

There are currently three core uses for IMX:

• Fees – 20% of Immutable’s protocol fee must be paid in IMX tokens. This fee can either be paid directly in IMX, or Immutable will automatically swap the actual purchase currency (e.g. ETH) for IMX on the open market.

This means users do not need to explicitly hold IMX tokens to be able to transact on the protocol. Note that there is no entitlement, allocation or rights to revenue of the Immutable X protocol purely on the basis of ownership of IMX tokens.

• Staking – IMX tokens received as part of the fee capture mechanism described in 6.1 will be sent to the “staking rewards pool”. At regular monthly intervals, this pool will be distributed proportionally between all users who are actively staking their IMX tokens on Immutable X. A user’s rewards will be proportional to the amount of IMX they have staked during the month, relative to all other active stakers. Staking will be activated a couple of months after the token launch.
• Decentralized Governance –  Token holders will be able to vote on token-related proposals via decentralized governance. Proposals will include topics such as how to allocate token reserves, voting on developer grants, activating daily rewards and changes in token supply. Other proposal categories may be added via the appropriate decentralized governance processes. 

Their goal is to continuously add to the utility and decentralization of the Token through user voting. In order to submit a proposal for voting, an individual needs to own a certain threshold of tokens, which will be determined at a later date. The Foundation has the right to propose items to be put to vote that are seen as positive for the ecosystem as a whole, and will perform a facilitation role in the curation of proposals that will be voted on by all Token holders. 

All votes that successfully pass will be executed accordingly and as soon as feasible given consideration of commercial and technological implementation limitations. Protocol governance is performed on L1, with wallet balances sourced across both L1 and L2. The more tokens a user holds, the greater their voting power.

Users can sign up for an LCX Account here