Immutable X (IMX) is used for several key purposes:

1. Transaction Fees: IMX is used to pay for protocol fees on Immutable X. A 2% protocol fee is applied to every transaction, and 20% of this fee is converted to IMX and transferred to the staking rewards pool.

2. Staking: IMX holders can stake their tokens to earn additional rewards. The staking rewards pool is replenished with the 20% of the protocol fee converted to IMX. Users can re-stake their tokens at the end of each 14-day staking cycle to compound their earnings.

3. Governance: IMX holders have the right to vote on token-related proposals, including allocating token reserves, awarding developer grants, and changes in token supply. Voting power is determined by the number of IMX tokens held.

These uses are integral to the functioning and growth of the Immutable X ecosystem, which focuses on NFTs, blockchain gaming, and decentralized applications.

To store Immutable X (IMX) tokens securely, you can use a hardware wallet like Ledger or Trezor. These wallets are highly recommended for their robust security features and ease of use. Here are the steps to store your IMX tokens:

1. Choose a Ledger Wallet:

   • Select and purchase a Ledger hardware wallet of your choice, such as the Ledger Nano S Plus or Ledger Nano X.
   • Download and install the Ledger Live app on your desktop or mobile device.

2. Set Up Ledger Live:

   • Create an account and add a new Immutable X account within the Ledger Live app.
   • Manage your IMX tokens, track your balance, and perform transactions securely through the app.

3. Transfer IMX Tokens:

• If your IMX tokens are currently on an exchange like FTX, you can withdraw them to your Ledger wallet.
• Ensure you have sufficient ETH for gas fees if you plan to transfer your tokens to a wallet like MetaMask.

By following these steps, you can securely store and manage your Immutable X tokens using a Ledger hardware wallet and the Ledger Live app.

To buy Immutable X (IMX) tokens, you can follow these steps:

1. Choose an Exchange: IMX tokens are available on several exchanges, including Bybit, Coinbase Exchange, CoinList Pro, Gate.io, Huobi Global, KuCoin, OKEx, and SushiSwap.

2. Create an Account: Sign up for an account on the chosen exchange. For example, on KuCoin, you need to create a free account, secure it, verify your identity, and add a payment method.

3. Fund Your Account: Deposit funds into your account using various methods such as credit/debit cards, bank transfers, or other cryptocurrencies. On Gemini, you can use wire and bank transfers, ACH transfers, Apple Pay, Google Pay, debit card purchases, or crypto transfers.

4. Search for IMX: Find the IMX token on the exchange. On Coinbase, you can search for Immutable in the search bar.

5. Place an Order: Select the desired trading pair and place an order to exchange your existing crypto or fiat for IMX tokens. On KuCoin, you can choose to buy IMX with a credit or debit card, bank transfer, or other cryptocurrencies.

6. Store Your IMX: Once you have purchased IMX, store it in a secure wallet. You can use custodial or non-custodial wallets, depending on your preference.

Additionally, MoonPay offers a fast and easy way to buy IMX with credit cards, bank transfers, Apple Pay, Google Pay, and more. You can purchase IMX in small or large quantities, starting from as little as $30.