2022 turned out to be a disappointing year for the cryptocurrency market. If back on January 1, the total market capitalization was estimated at $2.33 trillion, at the moment this figure is about $1 trillion. The losses as a whole reach almost 57%. Despite the fact that the overall picture of the cryptocurrency market is quite negative, at the moment there are several altcoins that are growing in value and showing great promise. ApeCoin, Lido, Quant, Ethereum Classic, and Tamadoge have all improved their market performance.
Another altcoin is likely to appear on the list soon. It is about the coin of the IMPT project. This platform is built on the Ethereum blockchain. It will have its own NFTs. In this case, the main goal pursued is to encourage large companies and ordinary users to reduce the burden on the environment. The platform will allow purchasing carbon credits and burning them to reduce their own carbon footprint.
The project has only recently announced the start of the pre-sale period. You can judge its success by analyzing the parameters of the current trades. Only for the first 48 hours after the start it was possible to attract 600 million dollars. At the first stage, the project developers offer customers to purchase tokens at a price of 0.018 per unit. In total, it is planned to hold three stages of presale. During this time, investors will receive 1.8 billion tokens out of the existing 3 billion. Judging by the current results, the presale may end earlier than expected.
The project has all chances to start successfully on the market. It has occupied the niche that will remain relevant for a long time. Nowadays, more and more companies are adopting the principles of green production with reducing their negative impact on the environment.
Predictions: IMPT could increase in value 85 times by as early as 2023
According to the accompanying documents, as well as statements of the project developers, the main goal of the Impact Project is to help companies and ordinary consumers to reduce their carbon footprint. This is planned to be realized using the IMPT token, a platform for tokenizing carbon credits in the NFT.
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By building a carbon credit market based on NFT, the project will offer a number of benefits to private users and businesses that have already offset their carbon footprint. They will be able to generate additional income through the implemented cashback system.
Despite the fact that the project has just been launched and token presale is underway, it is already interesting for consumers. At the moment it is known about cooperation with more than 10 thousand popular brands. All these companies allocate a percentage of their sales to support environmental programs. It is this partnership that will allow users to purchase carbon credits. At the same time, it will be possible to make a purchase on the platform in several ways.
The technical documents state that users will be able to purchase carbon credits through their regular purchases. It will also be possible to make the purchase directly on the platform using USDT or ETH, which are stored on the wallet.
The platform has a two-way positive impact on the environment. It raises funds for environmental projects and connects consumers with eco-friendly brands. The project is powered by blockchain and NFT. It allows the purchase of carbon credits through responsible purchases or directly. At the same time, each user gets the opportunity to evaluate their environmental performance and accumulate tokens as a reward for their efforts.
A special feature of the project is the tokenization of purchased carbon credits. As soon as a user makes a purchase, his carbon credit is converted into NFT.
A unique eco-friendly collection will be created specifically for the platform. The introduction of NFT technology eliminates the double spending of credits. Re-application of carbon credit is also eliminated.
This approach will eliminate all the problems that currently exist in the carbon credit market. These are:
- Fraudulent activities.
- Overvaluation of credits.
- Overselling.
- Non-compliance with the procedures for withdrawing carbon credits, etc.
The use of blockchain will make all processes as transparent as possible. The creators of the project are confident that the implemented approach will help to completely change the current market of carbon credits. It will become more fair and efficient after the introduction of blockchain technology.
Is an 85-fold growth in 2023 realistic?
The Impact Project does look quite promising. The first significant event was the start of token presales. In the first phase, investors can purchase the coin for $0.018 per unit. After the start of the second stage, the price will increase to 0.023 dollars, and at the third stage the trades will be conducted at 0.028 dollars per coin.
It is planned to sell out 600 million tokens during the first stage. The planned date of the end of this process is November 3, 2022. At the same time, there are all prerequisites for drawing conclusions about the premature end of sales.
Only in the first 48 hours since the start of the auction, the project managed to attract investments worth 500 million dollars, and this is taking into account that Impact Project has not yet received too much attention among investors. With a high probability the pre-sale will end up being a success Especially considering that the project is centered on a clean blockchain.
It’s worth noting that lately, new cryptocurrencies have been attracting the attention of investors much more than established coins. While bitcoin periodically crosses the price threshold of 20 thousand dollars, many altcoins that appeared on the market just a couple of months ago, show active and promising growth.
It is worth remembering only the Tamadoge project. It managed to raise 19 million dollars and complete the pre-sale stage earlier than planned. Now the TAMA token is actively traded on well-known exchanges, constantly increasing its value. According to the assurances of investors who managed to purchase coins at the first stage, at the moment the amount of profit is calculated in three times of the initial investment.
IMPT has all chances to repeat the success of Tamadoge, especially since the project has occupied a rather promising niche. If everything the developers announced is realized, it will remain relevant for many months and even years.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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