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What is Immutable?

  • IMX is an ERC-20 utility and governance token. It’s used to pay for transaction fees and incentivize users and developers on Immutable X. Token holders can earn rewards through staking and participating in the platform's governance.

What is an IMX Loan?

  • Immutable loan is the loan borrowed against IMX coin as collateral. Here’s how it works: you bring some cryptocurrency IMX to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit IMX lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Immutable Loans

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FAQ

What is Immutable used for?IconPlus

IMX serves as a utility token, providing various benefits to token holders within the Immutable X ecosystem. By staking their IMX coins in reward pools, users have the opportunity to earn rewards. Additionally, IMX token holders can actively participate in the governance of Immutable X by both submitting their own proposals and voting on community proposals. It's important to note that the voting power of token holders increases in proportion to the number of IMX coins they hold, allowing greater influence in the decision-making process.

Why should you consider Immutable loan?IconPlus

  • Immutable offers an array of tools specifically designed for blockchain developers, with a focus on non-fungible tokens (NFTs) and web3 gaming applications.
  • To enable seamless and gas-free creation and trading of NFTs within blockchain games, Immutable developed the Immutable X layer 2 solution for Ethereum.
  • Supporting the underlying infrastructure, the IMX token plays a vital role in the Immutable X protocol. It serves as a means to cover NFT transaction fees on the platform.
  • Additionally, IMX can be utilized for staking purposes, providing opportunities for users to earn rewards.
  • Furthermore, IMX token holders have the ability to actively participate in the governance of the community, contributing to the decision-making process surrounding the protocol.

How does Immutable loan work?IconPlus
Immutable lending is a service that issues loans with IMX cryptocurrency collateral for a yearly interest. The interest can vary from 12% up to 13,8% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your IMX loan.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant IMX loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your IMX transaction. The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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