Experts believe this crypto could go 50x by 2023 – Best performer of the year?
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The Impact Project presale has now raised $1.5 million, just four days after it opened to investors. This represents an average of $375,000 raised per day, suggesting that the decentralized carbon credit platform could reach its sales hard cap of $10.8 million in another 25 days.
The IMPT presale has quickly become one of the most talked about token offerings in the cryptocurrency market. This is largely based on the Impact Project’s goal of building a marketplace where consumers can shop with eco-friendly retailers and environmental initiatives, and where they can trade the carbon credits they accumulate as NFTs.
And with the pre-sale making IMPT available for just $0.018, early investors could see some big gains as the coin receives its first listings.
Experts believe this crypto could go 50x by 2023
There is a good possibility that the IMPT pre-sale could reach its $10.8 million hard cap earlier than the 25 days suggested above, as its daily increase numbers have slightly increased since its inception. In the first 24 hours it raised ‘only’ $150,000, but in the last couple of days it has raised $500,000.
Assuming an average of $500,000 per day, the IMPT token sale will reach $10.8 million in another 19 days, give or take. In other words, interested parties may not have much longer to act if they want to buy some IMPT at a discounted price.
In fact, IMPT’s presale price will rise in the next few days. It is currently in the first phase of the sale, where it can be bought for $0.018, but after this it will rise to $0.023 and then, in the third and final phase, to $0.028.
Given how low such prices are, IMPT could see big gains once the pre-sale ends and it starts listing on exchanges. The main reason for this is that the fundamentals look promising, with the vision of a blockchain-based carbon credit market and an eco-friendly trading platform proving to be quite unique to the cryptocurrency sector.
Impact Project’s platform, which runs on the Ethereum blockchain, basically has two main points.
On the one hand, it will enable users to shop online with retailers that give a percentage of their sales to environmental initiatives and causes, with the Impact Project reporting in its whitepaper that it “also engages thousands of the largest retail brands that allocate a certain percentage of the sales margin for environmental projects.”
On the other hand, it will enable users to acquire and trade NFT-based carbon credits, which can either be purchased directly through the platform, or received through the purchase of goods with partner retailers and initiatives.
This is where things get interesting, as by tokenizing carbon credits as NFTs, the Impact Project is creating a more transparent and fair market for them. All transfers and sales of carbon credits can be seen on the Ethereum blockchain, reducing the possibility of double spending and fraud, which has been a major problem for the existing global carbon offset market to date.
By providing consumers with tradable carbon credits, the Impact Project will encourage more environmentally conscious spending and behavior. This is also aided by the IMPT.io scores it provides to users, which help them track how green their consumption has been.
Above average performance?
All in all, such features make the Impact Project one of the most promising presales and new tokens out there. And at a time when the broader cryptocurrency market has been stagnant, it’s one of a crop of new altcoins promising big returns.
In fact, it has already attracted quite a few converts, who, despite the very young age of the project, have already begun to see its progress and predict good things for the future.
Based on other large pre-sales seen this year (eg Tamadoge, Battle Infinity), it may very well witness significant price movements after the first batch of listings. For example, Tamadoge rose over 1000% compared to its token sale price when it was listed on OKX, meaning it cracked the top 200 cryptocurrencies by market capitalization in a matter of days.
Something similar could happen with IMPT, and while the future is not predictable, the Impact Project has certainly laid the groundwork to make it a success.
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