IMPT is currently in presales and has not yet launched. The token was first put up for sale on official site on Oct. 3, and since then investors have bought millions. Not only because it has the potential to raise its price, but also because it should help reduce our carbon footprint.
What is IMPT?
IMPT is a token created by Impact Project, a platform where companies and individuals can trade carbon offsets. These permits give the holder the right to emit a certain amount of carbon dioxide into the atmosphere: one credit per ton of carbon dioxide.
These credits sell for between $40 and $80 depending on the market, which has gotten pretty big. In 2019, the market was valued at $211.5 billion and is expected to grow at a CAGR of approximately 31% between 2020 and 2027, to reach a value of $2.4 trillion.
Impact Project plans to enter this market to remedy some issues with the current system. For example, double counting is commonplace when the same carbon offset is claimed by two parties, and fraud is commonplace since there is no oversight.
IMPT will be different, as it will offer these offsets on the blockchain. The records on the blockchain are public and immutable which means that anyone will be able to monitor offset trading and the information cannot be changed by anyone.
How does IMPT work?
IMPT.io is the main platform of the project, where anyone wishing to acquire compensation can go. From there, you first purchase the IMPT token with which you can purchase the carbon credit of your choice from hundreds of environmental projects. All of these projects have been selected by IMPT after careful consideration, so you can be sure you’re doing something meaningful for the environment.
The compensation comes in the form of an NFT that you can keep in your crypto wallet or trade on the IMPT.io marketplace. If you wish, you can also withdraw or deactivate the NFT as compensation for your environmental impact and receive a one-time NFT that you can also keep or exchange.
Why should you buy IMPT?
In addition to the environmental benefits you bring, the IMPT token can also improve the performance of your investments. As we mentioned at the beginning, the public presale of the token has raised millions of dollars in a very short time and is in the “Early Adopter” phase.
Within three days of the first presale phase, $1 million was raised and was completed after raising $10.8 million after 23 days when it was scheduled to close after 52 days.
At that time, the IMPT token was selling for $0.018 and is now selling for $0.023 in the second pre-sale phase. The current phase aims to raise $25.98 million, and more than $12.9 million has been raised so far, up almost 50%.
With this phase expected to close on January 31, 2023, the pre-sale is well ahead of schedule.
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— IMPT.io (@IMPT_token) November 18, 2022
IMPT is running out fast and only the third phase remains, during which investors can start trading the IMPT token. Upon completion, IMPT expects to raise $41.1 million, and more than 10,000 brands have already pledged to participate in the project.
As soon as it goes live, the platform will be running at full capacity and IMPT will be a highly sought after token by investors. At its current price, it’s time to enter the ground floor and take the elevator to the top! IMPT tokens are available for presale here.