The ImmutaSwap Minimum Viable Product (MVP) presents a novel approach to a cryptocurrency exchange for the Immutable X community. The MVP cryptocurrency exchange has been operational since March of 2022 and has processed over $32M in transaction volume since inception.
The following example illustrates a typical ImmutaSwap exchange process.
User has IMX tokens worth 5 USDC and wants GODS tokens
User buys a 5 USDC ImmutaBuck NFT from ImmutaSwap for 5.89 IMX
User lists ImmutaBuck for 14.77 GODS on the global orderbook
ImmutaSwap bot buys the ImmutaBuck for 14.77 GODS
The mechanics of the ImmutaSwap token exchange fundamentally involves four key components: ImmutaBucks NFT, Liquidity Pool, ImmutaBots, and UX. The following sections provide details of ImmutaBucks NFTokenomics and the exchange methodology.