IMPT has become one of the most anticipated cryptocurrencies in the past few months despite the collapse of the digital currency market. The number of users buying the presale coin has continued growing. In this IMPT price prediction, I will explain what IMPT is and whether it will be a good token to invest in.
What is IMPT?
IMPT is a blockchain project that seeks to provide solutions in the ongoing climate change concern. It hopes to achieve this by offering a simple, affordable, and effective mechanism that will make people invest in the planet.
According to its whitepaper, the project has already received support from over 10k retailers globally. These companies have committed about 2 billion individual projects as they seek to grow their environmental credentials.
IMPT’s solution on climate change will be to connect people with the most reliable environmental causes internationally. Precisely, it seeks to achieve this through the carbon offset market. In carbon offsets, companies commit to spend money on clean energy to compensate the carbon that they emit. This is a large market, which is expected to be worth over $271 billion. However, as shown below, there are serious concerns about the effectiveness of these carbon offset programs.
How IMPT will address the challenge
IMPT’s developers hope to address the carbon challenge by making it easy for anyone to buy carbon credits. Today, the process is relatively complicated and is often available to affluent companies. While several companies handle the challenge for individuals, they are usually opaque and centralized in nature.
IMPT will encourage participants to take part in this offset by having an IMPT.io score where people can earn points for their efforts. Also, being a decentralized platform, IMPT will be open source, allowing users to validate claims.
Further, IMPT has already secured deals with over 10,000 companies and the number is set to keep growing. In addition, it has various incentives for platform users.
IMPT price prediction
IMPT is not yet available in exchanges. As such, it is not possible to predict whether the price will continue rising or not. According to its website, IMPT price will start trading at $0.023 when it is unveiled in exchanges on December 14. IMPT has already raised $15.6 million from investors.
Still, using our experience, we can predict that the IMPT price will decline when it is launched in exchanges as token holders sell. We saw the same thing happen with Sweatcoin crypto. While it was extremely popular as an independent company, its token has crashed to a record low.
Besides, IMPT will be launched at a time when the crypto industry is reeling from the collapse of FTX and cryptocurrencies.