Immutable X
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Strengths
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Scalability
Can handle high transaction volumes
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Security
Uses Ethereum blockchain for secure transactions
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Speed
Transactions are processed in seconds
Weaknesses
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Limited functionality
Only supports ERC-20 tokens
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High gas fees
Transaction fees can be expensive
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Dependency on Ethereum
Vulnerability to Ethereum network congestion and gas price fluctuations
Opportunities
- Can increase functionality and reduce dependency on Ethereum
- Can increase adoption and usage
- Can increase liquidity and trading volume
Threats
- May lose market share to other solutions with better functionality or lower fees
- Potential for regulatory crackdown on cryptocurrencies and blockchain technology
- Potential for hacks or exploits that could damage reputation and user trust
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Immutable X Plan
Immutable X offers a gas-free, layer-2 scaling solution for Ethereum-based NFTs with a flat fee of 0.5% per trade.
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