This new green crypto is predicted to 50x by 2023
The Impact Project presale has now raised just over $2.8 million, barely a week after it started. This number is just the latest milestone passed by the decentralized carbon credit marketplace and green trading platform, which crossed the $2 million mark in five days.
Given how quickly the pre-sale for Impact Project’s IMPT token has gone, it already stands as one of the most successful offerings of 2022, with the platform’s focus on the environment helping to attract ESG investors. But in a year where a number of exciting new coins have surged after a healthy pre-sale, it also attracts traders just hoping for above-average gains.
This new green crypto is predicted to 50x by 2023
Kicking off on October 3rd, pre-sales of the Impact Project quickly passed a number of key targets, first raise $150,000 within 24 hours. It then continued to reach $550,000 within 48 hours, 1 million dollars within 72 hoursand then $2 million within five days.
At the time of writing, the pre-sale has set IMPT’s price at $0.018. However, this is only for the first phase, with the second and third/final phases set to push the pre-sale price to $0.023 and $0.028 respectively. It therefore appears that many investors have rushed in to acquire the altcoin before it becomes 27.7% more expensive, which is coming soon.
Of course, investors are also taking to the Impact Project because of its fundamentals and roadmap. Running on the Ethereum blockchain, it will give consumers the ability to shop via a network of “thousands” of retail brands that distribute a percentage of their sales to environmental initiatives.
Not only will the Impact Project’s platform allow consumers to shop in a more environmentally conscious way, but it will also reward them for doing so with carbon credits in the form of non-fungible tokens (NFTs). Such credits can also be easily purchased via Impact Project’s marketplace, where users can also sell them.
By providing users with tokenized carbon credits for eco-friendly shopping, the Impact Project will stimulate greener behavior on the part of consumers. Similarly, by providing an influx of consumers willing to use green brands, it will in the long run motivate retailers to go green to enter such markets.
It is also worth pointing out that by putting carbon credits on the Ethereum blockchain as NFTs, the Impact Project will help make the market for carbon offsets more transparent. For too long, this market has been undermined by opacity and inefficiency, but by making the issuance and circulation of credits more open, the Impact Project should help correct this.
It is for such reasons that the Impact Project has captured the interest of ESG investors. And with ESG investing increasing in popularity in recent years, Impact Project has arguably emerged at the right time to capitalize on this growing trend.
How high can it go?
Predicting the future is a tricky business, but other major presales from 2022 give an indication of what IMPT can do once the presale is over and it gets its first listings.
Tamadoge (TAMA), for example, ended its presale after raising $19 million. It was then listed soon after on OKX, before continuing to rise by over 1,800% from its pre-sale price.
Similarly, Battle Infinity (IBAT) sold for $0.0015 during the presale. Shortly after it went public in August, it rose to $0.00554060, representing a 269% return for all those who sold at the top.
Of course, there is no guarantee that IMPT will replicate such gains. Nonetheless, the fundamentals are strong, and with pre-sales already doing well, it looks like it has the kind of momentum that will carry into the first batch of listings.
