The Project Impact presale has now raised just over $2.8 million, just a week after its launch. The figure is just the latest milestone for the decentralized carbon credits market and green buying platform, which crossed the $2 million mark in five days.
Given how quickly the pre-sale of Project Impact’s IMPT token has progressed, this is already one of the most successful offerings of 2022, with the platform’s focus on the environment helping to attract ESG investors. Yet, in a year in which a number of exciting new coins have risen after a healthy pre-sale, they are also attracting traders simply hoping for above-average gains.
This new green crypto is expected to grow 50 times by 2023
Launched on October 3, the Project Impact presale quickly exceeded a number of key objectives, first raise $150,000 in 24 hours. He then reached $550,000 in 48 hours, 1 million dollars in 72 hoursthen $2 million in five days.
At the time of writing, the presale has priced IMPT at $0.018. However, this is only for the first stage, with the second and third/final stages expected to push the pre-sale price to $0.023 and $0.028, respectively. So it seems that many investors have been rushing to acquire the altcoin before it becomes 27.7% more expensive, which should happen soon.
Of course, investors are turning to Project Impact also because of its fundamentals and track record. Running on the Ethereum blockchain, it will offer consumers the ability to shop through a network of “thousands“Brands that devote a percentage of their sales to environmental actions.
Not only will Project Impact’s platform allow consumers to shop in a more environmentally friendly way, but it will also reward them for doing so with carbon credits in the form of non-fungible tokens (NFTs). Such credits can also be simply purchased through Impact Project’s marketplace, where users can also sell them.
By providing users with symbolic carbon credits for eco-friendly purchases, Project Impact will encourage greener consumer behavior. Likewise, providing a flow of consumers willing to spend with green brands will, in the long term, incentivize retailers to go green in order to tap into these markets.
It is also worth pointing out that by placing carbon credits on the Ethereum blockchain as NFTs, Project Impact will help make the carbon offsets market more transparent. For too long this market has been plagued by opacity and inefficiencybut by making the issuance and circulation of credits more open, Project Impact should help remedy this.
It is for these reasons that the Impact project has attracted the interest of ESG investors. And with ESG investing is growing in popularity In recent years, the Impact project has arguably emerged at the right time to capitalize on this growing trend.
How far can he go?
Predicting the future is a wild ride, but other big presales from 2022 offer an indication of what IMPT might be up to once its presale is over and its first signups.
Tamadoge (TAMA), for example, closed its pre-sale after raising $19 million. He then signed up shortly after on OKX, before going for an increase of more than 1,800% from his presale price.
Similarly, Battle Infinity (IBAT) sold for $0.0015 during its pre-sale. Shortly after listing in August, it rose to $0.00554060, representing a 269% return for anyone selling at the top.
Of course, there is no guarantee that the IMPT will replicate these gains. Nonetheless, its fundamentals are solid, and with its pre-sale already doing well, it looks like it has the kind of momentum that will carry over into its first batch of listings.