Earlier this week, the token of a promising up-and-coming green crypto project called IMPT.io listed on the LBank Exchange, the first public listing for the token following an eyewatering $20.5 million pre-sale fundraising round. That ranked the IMPT pre-sale as one of the biggest of 2022, according to CoinCodex, indicative of the hype that has been growing around the project.
IMPT to the Moon?
According to some industry experts, IMPT.io, a crypto-based carbon offset/carbon credit trading platform, could be a massive hit. Commentators expect the platform to benefit from a rising desire amongst businesses, investors and consumers to offset their carbon footprint as concerns about man-made climate change increase.
With the size of the carbon credit market expected to 100x in valuation over the next few decades to around $50 billion, according to McKinsey, as businesses, government and individuals step up their efforts to tackle their carbon emissions, it is easy to imagine the value of IMPT.io’s IMPT token going a lot higher. With the token last changing hands around $0.0175, still close to its pre-sale price, investors still have the opportunity to get their hands on the token on the cheap.
IMPT tokens still going on the cheap. Source: TradingView
At current price levels, the fully diluted value (FDV) of IMPT is around $38.5 million. That’s a drop in the ocean compared to the expected size of the total carbon credit market in 2030. If IMPT can even manage to get to 3.0% of this, that would imply a fully diluted market capitalization of $1.5 billion, a near 40x return.
As a result, plenty of cryptocurrency experts and influencers are raving about the project and the IMPT token. Top cryptocurrency experts and influencers from across the globe have been raving about the project, including the likes of CryptoHeroesLIVE, one of Germany’s top analysts, Wise Advise, one of India’s top analysts, VoskCoin and Jacob Bury.
What is IMPT.io?
IMPT.io is a blockchain-based carbon credit trading platform that is designed to make it easier for businesses and consumers to offset their carbon footprint. Users acquire carbon credits by accumulating IMPT tokens, which then they then convert into carbon credits that are issued as non-fungible tokens (NFTs). Users can then hold onto these carbon credit NFTs, trade them on IMPTs marketplace, or burn them, in which case they will receive a new NFT with unique artwork.
But IMPT.io is much more than just a carbon credit marketplace. The project seeks to incentivize consumers to engage in “responsible shopping” with environmentally-conscious brands. Users will be able to shop on the websites of the more than 10,000 brands that have committed to the IMPT.io project and gain IMPT tokens from each purchase via an online widget.
Meanwhile, IMPT.io has an inbuilt mechanism to encourage users, be that individuals or businesses, to accumulate and burn carbon credit NFTs. The platform gives users an IMPT.io score, which goes up each time a user shops and accumulates IMPT tokens, refers new users to the platform, gets and retires NFT carbon credit NFTs. Business owners can integrate the IMPT.io platform into their stores, which will also boost their score.
Investors wary of new crypto projects should note that IMPT.io’s founding team has been Know Your Customer (KYC) verified by CoinSniper and the project has undergone a full security audit by Hacken. CoinSniper and Hacken are both widely respected firms know to only greenlight legitimate crypto projects.
Disclaimer: This is a paid release that was not written by Crypto Online News. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Crypto Online News. Crypto Online News does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Comments