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IMPT Token is The Biggest Presale Happening Right Now – Here’s What You Need to Know

Simon Chandler
Last updated: | 3 min read

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

The ongoing IMPT token presale has now reached the milestone of $1 million raised, barely 72 hours after opening to investors. The blockchain-based carbon credit marketplace had taken the step of launching its sale during a difficult period for the wider cryptocurrency market, yet the market negativity doesn’t appear to have blunted investor demand for its native token.

With a stage one target of $10.8 million, IMPT’s first presale round is now almost 10% complete. It’s currently in its first stage out of three, with the first stage price at $0.018, the second at $0.023, and the third at $0.028.

The total IMPT presale hard cap (overall fundraising target), across all three rounds, is $41.1 million.

Here’s everything interested readers need to know about the altcoin in case they’re wondering whether or not to join the sale.

IMPT Token is The Biggest Presale Happening Right Now

Beginning on Monday, October 3, the IMPT presale has already passed a number of significant thresholds, from $250,000 raised in 24 hours to $500,000 within 48. Now, it has just celebrated raising $1 million, with the past 24 hours seeing roughly half a million dollars in IMPT sold.

With each token going for $0.018, this means it has sold nearly 55 million IMPT, out of a hard cap for this stage of 600 million. Assuming a similar rate (i.e., roughly $500,000 per day) for the rest of the sale, it could sell out within 20 days.

This would put the end of the sale on Wednesday, October 26. Of course, given that it began only three days ago, it could continue accelerating, implying an earlier end.

As for what’s exciting investors so much, the IMPT platform is developing a decentralized marketplace for carbon credits. Running on Ethereum, its platform will also enable consumers to purchase items from retailers that support environmental initiatives, as well as enable them to support environmental projects directly.

Either way, spending via the IMPT project’s network will provide users with carbon credits. These will be tokenized as NFTs, meaning that holders can trade them.

At the same time, tokenizing carbon credits means that the sale and use of such credits becomes more transparent. As explained in the IMPT white paper, this solves a number of problems that undermine the carbon credit market today, such as double-selling credits, overcalculating credits, and also not performing proper retirement procedures.

On top of this, the project also provides users with an IMPT score, which enables users to track just how positively impactful their spending and actions are. At a time when increasing numbers of people are aiming to become more environmentally conscious and responsible, such a score will prove a big help.

Likewise, the launch of the IMPT platform comes at a time when demand for ESG (environmental, social, and corporate governance) investing is rising. As such, it could benefit considerably from arriving at the right place at the right time and with the right functionality and utility.

2022 Has Been a Good Year for Crypto Presales

While 2022 has been disappointing for the cryptocurrency market as a whole, it has offered more encouraging signs when it comes to presales.

Examples of this include Tamadoge, which after raising $19 million in its presale, proceeded to surge well over 100% within the first 24 hours of its listing on OKX. In addition, the New Cryptocurrencies category on CoinMarketCap continues to turn up newly listed coins that record double-digit gains in their first days and weeks, far in excess of the performance of most established cryptocurrencies.

Only time will tell if IMPT will join such altcoins. However, with a very encouraging start to its presale and with strong fundamentals, it’s on track to perform well once it receives its initial listings.

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