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The Impact Project (IMPT) presale has now reached over $4.3 million in funds raised, less than two weeks after opening to investors. This represents an average daily raise of roughly $397,776, indicating that the decentralized carbon credit marketplace will reach the end of stage 1 of its sale in the next 19 days or so.
The Impact Project has set a $10.8 million target for this first stage, at which point the IMPT token’s presale price will rise from $0.018 to $0.023 before eventually rising again to $0.028 once it enters the third and final stage. Following this, IMPT will receive its first exchange listings, and given the success that other new altcoins have had this year, it could end up securing a sizeable return for its early investors.
This Green Crypto is the Biggest Presale of 2022 – Can Anyone Buy In?
Since launching on October 3, nearly every day has brought a new milestone for IMPT’s presale. It raised $150,000 within its first 24 hours, before reaching $550,000 within 48 hours, $1 million within 72 hours, $2 million within five days, $3 million within a week, and now over $4 million in 11 days.
The Impact Project’s presale has gained so much momentum largely because of the platform’s fundamentals, which tap into the growing concern of investors and much of the world for the Earth’s environment.
Based on Ethereum, the Impact Project will enable consumers to shop via a network of “thousands” of retail brands, all of which direct a portion of their revenues to environmental initiatives. This means users will be able to support the development of eco-friendly activities and projects simply by shopping online.
On top of this, the Impact Project will reward consumers who spend on its platform with IMPT, which can then be used to purchase NFT-based carbon credits. Once acquired, these credits can also be traded directly via the networks’ marketplace, where they can also be retired.
The tokenization of carbon credits will incentivize greener behavior on the part of consumers, while the ability to connect with environmentally aware shoppers will also ultimately attract retailers and projects to the IMPT platform, forming a virtuous circle. At the same time, the Impact Project provides users with an IMPT.io score, which enables them to track just how beneficial their actions have been for the environment.
Importantly, the Impact Project’s use of the Ethereum blockchain will help make the market for carbon credits more transparent, with opaqueness having been a problem for this market for several years. This transparency is a big part of the reason why the Impact Project’s presale has been so successful so far, with (ESG) investors already seeing its potential.
How to Participate
Anyone can participate in the Impact Project’s presale. They must head to IMPT.io, click the Connect Wallet button, and then connect either their MetaMask or WalletConnect address.
As stated above, 1 IMPT currently costs $0.018, with this amount payable in either ETH or USDC. Stage 2 is scheduled to begin either when the sale raises $10.8 million or by December 1, at which point the price will rise to $0.023.
After that, investors who have acquired IMPT will then need to sit tight and wait for the sale to end, at which point the Impact Project will inevitably announce some exchange listings. There’s a chance that the price of IMPT could rise dramatically in the wake of its first listings, with Tamadoge (TAMA) – one of the most successful presales of the year – rising by 1,800% at one point over its cheapest presale price.
Given that the wider cryptocurrency market continues to struggle with poor macroeconomic conditions, even a fraction of the above gain would constitute a good investment for most investors. And with strong fundamentals and a long-term plan, the Impact Project looks like one to watch for the future.