IMPT Token Set For 30x Rise as Presale Blasts Past $500,000 Mark

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The Impact Project has just announced raising over $500,000 in the presale for its native IMPT token, with this milestone having been achieved in 48 hours. This represents a significant early achievement for the Ethereum-based platform, which plans to use blockchain technology and NFTs to establish a decentralized, transparent and fair market for carbon credits.

Based on other coins that have had similarly successful presales this year, such growth sets IMPT up for notable gains once it receives its first exchange listings. 60% of the coin's overall supply will be sold in three stages, with the current first stage making it available at $0.018 before its price eventually rises to $0.028.

IMPT Token Set For 30x Rise as Presale Blasts Past $500,000 Mark

IMPT token's presale has already marked some important milestones in its very short life so far, having raised $150,000 in its initial 24 hours. Then this figure rose to $250,000 within 48 hours, before doubling to $500,000.

This growth offers an indication of the kind of appreciation IMPT may witness once it goes live on crypto-exchanges, following in the footsteps (for example) of Tamadoge (TAMA), which (after being listed on OKX) has risen by a hugely impressive 1,500% since its presale a month ago.

And as with Tamadoge, the Impact Project has some sound fundamentals (as outlined in its whitepaper), which promise to sustain interest in its native token long after its presale has ended. 

As stated above, it's creating a decentralized marketplace for carbon credits, based on the Ethereum blockchain. Not only will it enable individuals (and businesses) to trade such credits, but it will reward individuals for spending money with selected Impact Project partners, all of which will be involved in green initiatives in some way or another.

By harnessing the Ethereum blockchain, the Impact Project will ensure that carbon credits can be traded transparently, eliminating the scope for double-spending of credits or their improper retirement.

At the same time, by linking with environmental projects and eco-friendly retailers, the Impact Project will incentivize individuals to consume in a more environment-conscious way. It will do this in part by rewarding them with NFT-based credits and by assigning them an IMPT score, which grows the more they contribute to green initiatives.

It's because of this interesting concept that the Impact Project's presale has got off to such a flying start. This sale has given itself a hard cap of $10.8 million (or 600 million IMPT), and with 5% of this total already gone, it's likely that it will end in advance of its November 25 deadline.

Other 2022 Presales and New Listings Suggest Big Gains

While the Impact Project has not mentioned any specific exchanges, it will inevitably have some already in mind or lined up for when its presale ends. And judging by previous sales this year, its initial listings will mark the occasion when investors who got in early will lock in some significant returns.

Not only has TAMA risen by around 1,500% since its presale, but a cursory look at the 'New Cryptocurrencies' category on CoinMarketCap shows that the most successful of these new coins make double-digit gains in 24 hours.

CoinMarketCap's 'New Cryptocurrencies' page as of 08:51 (UTC) on Oct 5

Given the Impact Project's interesting fundamentals, it has every chance of joining such coins. And with Ethereum's shift to proof-of-stake arguably increasing the market's appetite for more environmentally aware projects and platforms, it may have arrived at just the right time.

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