Crypto experts and traders are expecting IMPT to pump when it lists on major exchange LBank today.
Investors are hugely excited by the eco-friendly protocol that aims to help ease the climate crisis by transforming carbon credits into NFTs so users can offset their carbon footprint.
The IMPT token – which saw mass investment in the final days of its presale – is set to list at 10am UTC, with analysts speculating the coin could reach as much as 10x.
With the token to list at $0.0253, that would mean a price of around $0.25.
Experts have pointed to other hyped crypto presales, such as Tamadoge, STEPN, ApeCoin, Lucky Block and Battle Infinity as evidence that the best crypto presale projects can return major gains even in a bear market.
Tamadoge, the most recent of those coins to have its IEO, surged from an early presale price of $0.01 all the way to an all-time high of $0.194 – making nearly 2,000% gains for some investors.
Even those that missed the presale and bought after listing managed to bag an impressive 550% gain, with TAMA having a list price of $0.03.
IMPT could follow a similar trajectory with the high-potential project seeing huge hype in the final days of its presale, with whales rushing to secure tokens before the list price.
What is IMPT?
IMPT is a unique carbon-friendly protocol and a rare crypto project that has a real-world use case.
IMPT users select vetted and approved eco-friendly projects then use IMPT tokens to purchase carbon credits – permits that allow holders to emit greenhouse gas, with one credit equal to one ton of CO2 – which are minted as NFTs.
The carbon credit holders can then decide to sell their NFT, hold it as an investment or, most notably, retire it from the market (send it to a burn address) to take it out of the system.
That means the retiree has thus reduced their carbon footprint and helped remove CO2 from the atmosphere. In return, holders are given a new NFT which can be sold on or held as an investment.
By minting carbon credits on the blockchain, IMPT will also reduce fraud in the carbon market as they will be housed on an immutable and transparent ledger.
Furthermore, the voluntary carbon market is expected to see huge growth in the next decade, with Bloomberg estimating it could grow from its current value of $2 billion annually to $50 or $100 billion.
As well as directly buying tokens to convert into carbon credit NFTs, IMPT users can also earn them while they shop.
IMPT has partnered with thousands of major retailers to offer IMPT tokens back as a percentage of sale – the likes of Amazon, Samsung, Nike, Dyson and Macy’s have already partnered.
The project will also give its users a score to encourage greener choices, while users can further their own green choices by selecting retailers that offer a better percentage of sale.
For more information on IMPT, read the whitepaper or join the Telegram group.
IMPT Listing Info
IMPT tokens will be listed on LBank from 10am UTC on Wednesday, December 14, 2022.
The token will also be listed on Uniswap and is set for other exchanges in the near future.
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