Cryptocurrency Q&A
Does IMX have no gas fees?
Does IMX have no gas fees?
KatanaBladed
Sat Sep 14 2024
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7 answers
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Could you clarify for me if IMX, as a platform or protocol within the cryptocurrency space, truly operates without any gas fees? I'm curious to understand if the transactions on IMX are completely cost-free or if there are some hidden or alternative fees that users may need to be aware of. Additionally, could you elaborate on how IMX manages to offer this, if indeed it does not have any gas fees, and what sets it apart from other blockchain-based platforms that do charge for transaction processing?
7 answers
CryptoConqueror
Mon Sep 16 2024
For users looking to list their assets for trading on Immutable X or its partner marketplaces, the process is straightforward. Upon listing, users must specify a base price, which serves as the foundation for their buy or sell orders.
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Isabella
Mon Sep 16 2024
Immutable X, a revolutionary blockchain platform, stands apart by eliminating gas fees for transactions conducted within its ecosystem. This unique feature encourages users to freely interact and transact without the burden of additional costs.
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Arianna
Mon Sep 16 2024
Nevertheless, it's important to note that when assets are traded on partner marketplaces, external fees may come into play. These fees are not imposed by Immutable X but rather by the individual marketplaces where assets are listed for sale.
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SamuraiCourageous
Sun Sep 15 2024
Among the top cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services. In addition to its robust spot trading platform, BTCC offers a range of services including futures trading and secure wallet solutions. These services cater to the diverse needs of its global user base.
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CryptoAlchemyMaster
Sun Sep 15 2024
The base price is crucial as it sets the minimum threshold for the transaction to be executed. It allows users to maintain control over their assets and ensures that they receive fair value for their offerings.
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