New carbon-reducing cryptocurrency project IMPT is undergoing one of the most successful presales in 2022 – and by the second week of December 2022, IMPT is going to be listed on one of the biggest decentralized exchanges (DEXs) in the space.
With only a week left before the presale ends and a listing on market-leading DEX Uniswap confirmed for December 14, interested buyers have only limited opportunity to buy this token before the price soars.
What is IMPT?
The United Nations Environment Program states that carbon emissions must fall by 25% before 2030 to keep the temperature increase below 2 degrees before 2100. In order to tackle this problem, IMPT has leveraged blockchain technology to reduce carbon emissions.
IMPT (IMPT) is an ERC-20 cryptocurrency token and the native cryptocurrency of this platform. The IMPT whitepaper states that the cryptocurrency plans on connecting interested customers and businesses that are willing to contribute to environment-friendly causes.
IMPT will release a shopping platform through which players will get a chance to earn IMPT tokens and buy Carbon Credits.
Notably, IMPT tokens exist on the Ethereum blockchain – a network which has reduced its own carbon emissions by 99.99%. Recently, Ethereum made a switch as it transferred from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) algorithm.
Since the PoS mechanism was introduced uses far lesser computational power and non-renewable resources making it a much greener and more scalable alternative to the PoW consensus.
Tokenized Versions of Carbon Credits
IMPT aims to reduce carbon emissions by tapping into the carbon offset market and the platform also utilizes blockchain technology to promote fairness and transparency.
IMPT offers Carbon Credits, which are permits that represent a certain amount of CO2 emissions to be removed from the atmosphere – each Carbon Credit on IMPT represents 1 ton worth of CO2 emissions.
Crucially, these Carbon Credits are minted as tokenized assets on the Ethereum blockchain and represented as individual Non-Fungible Tokens (NFTs).
Various companies and institutions usually purchase the Carbon Credits to reduce emissions that may have been generated when engaging in harmful activities such as industrial production or logistics.
The whitepaper of this project also states that the Carbon Offset industry is a billion-dollar market with great potential of increasing in the coming years, with Bloomberg estimating the voluntary carbon market will grow from $2 billion to as much as $100 billion in 2030.
Receive Tokens Through a Shopping Platform
According to the IMPT whitepaper, users can access IMPT tokens without having to directly purchase the asset. IMPT will release a shopping platform which will connect shoppers with multiple brands.
The IMPT shopping platform collaborates with thousands of leading global retailers, including Apple, Microsoft, Samsung, LEGO and many more. These businesses have decided to contribute a percentage of their sales margin on the online shopping platform to environmental projects that focus on purchasing carbon credits.
The environment projects supported are onboarded by IMPT, ensuring that they meet all the requirements of the carbon market.
When shoppers purchase products on the platform, they will receive a percentage of the sales margin in the form of IMPT tokens. Thus, you can earn tokens simply by purchasing items from your favorite retailers.
On the other hand, IMPT can be directly purchased on the platform via Transak – a third-party payment service which lets users purchase tokens with fiat currency.
After collecting enough IMPT tokens through the shopping platform, users can exchange the cryptocurrency for Carbon Credit NFTs on the IMPT platform – there are two purposes of the Carbon Credit NFTs: trade them like a regular investment or burn the Credits.
Burning or retiring the Carbon Credits will effectively remove the emissions they represent and after a user retires the credits, the NFT will no longer exist on the blockchain. Since the NFTs can be tracked on the distributed ledger – it avoids fraud or double counting on any transactions.
Social Trading Platform
Another feature that IMPT is working on is a social trading platform. On this, both businesses and shoppers can see their contributions to carbon-reducing causes.
Businesses can earn points on their social trading account by contributing sales margins to their shoppers and shoppers, in turn, identify businesses that are contributing to sustainable means and can shop accordingly.
Similarly, a shopper is also awarded points for purchasing with their favourite businesses and retiring Carbon Credits.
One of the benefits of retiring credits is that players can earn unique new NFTs that have been minted on the IMPT blockchain. Members will get part ownership of these NFTs and the original artists – these NFTs will also be available to trade on secondary markets.
Buy this $14 Million Cryptocurrency Before the Presale Ends
IMPT is currently undergoing one of the best cryptocurrency presales in 2022 but there is now less than a week for investors to secure tokens before the project reaches exchanges.
The tokenomics of IMPT state that this token has a total supply of 3 billion and originally 60% of the were to be distributed through three presale rounds. However, the doxxed and KYC-verified developers have now opted to bring the game-changing protocol to market sooner than expected.
IMPT tokens, which have also been fully audited by blockchain security firm Hacken, will remain on sale in the presale for $0.023 until Sunday, December 11, 2022, but stage 3 of its presale will no longer take place.
All presale tokens have no vesting period and any unsold phase 2 tokens will be burned, while the phase 3 allocation will now be locked for the next 12 months.
IMPT has already secured more than $14 million in investment and has seen a huge increase in purchases since the Uniswap listing was announced – with prices expected to soar once it reaches exchanges.
IMPT Will Conduct its IEO on 14th December
IMPT has announced that existing presale token holders will have a 48-hour window to claim their tokens after the presale closes on December 11, 2022 and before its IEO (Initial Exchange Offering) on December 14, 2022, on Uniswap.
IMPT will also be listed on centralized exchanges LBank and Changelly Pro – soon after the Uniswap DEX listing, although no dates have been confirmed by those exchanges.
Uniswap is one of the biggest decentralized exchanges (DEXs) in the cryptocurrency space with millions of active users and millions of dollars traded daily.
As seen with previous IEO token listings, the price can increase with a surge in trading volume.
The switch in the presale allocation also means that hundreds of millions fewer tokens will be available to buy during the IEO, potentially leading to supply shock and a further surge in price.
IMPT has the potential to become a hugely valuable cryptocurrency in the long term and many popular analysts predict this token can surge by 10x in price after the exchange listing.
Even from a current market cap of more than $14 million through the presale – a 10x valuation would make the cryptocurrency worth only $140 million.
In comparison, popular meme coins like Dogecoin (DOGE) have a market cap of over $14 billion. Compared to IMPT, Dogecoin is also inflationary due to its unlimited token supply.
Furthermore, IMPT’s use cases make it a favourable cryptocurrency over many other top tokens in the market.
Stay updated with this cryptocurrency’s updates by joining the IMPT Telegram Channel.
How to Buy IMPT
Following the steps below, interested investors can purchase IMPT on presale now:
Step 1: Get a Crypto Wallet – Before purchasing IMPT, investors must download a suitable cryptocurrency wallet. MetaMask and Wallet Connect are popular options that allow users to connect to the IMPT presale.
Step 2: Buy ETH/USDT – IMPT can be swapped with other ERC-20 tokens such as Ethereum (ETH) and Tether (USDT). If you do not hold these assets in your wallet, buy IMPT or ETH from a suitable cryptocurrency exchange and transfer them to your cryptocurrency wallet or buy directly on the IMPT website via Transak.
Step 3: Connect with the Presale – Head over to the IMPT presale platform and click on ‘Connect Wallet’. Choose your preferred wallet option and follow the instructions on-screen to connect the wallet.
Step 4: Buy IMPT – After the wallet is connected, click on ‘Buy with USDT/ETH’ – depending on which asset you hold. Click on ‘Convert’ to complete the transaction.
You will be able to claim tokens from December 12 by accessing the platform again.
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