IMPTThe original token that will power the carbon credit / carbon offset trading platform IMPT.io based on the revolutionary blockchain, ended trading around 4% lower on Wednesday, despite being listed on a new cryptocurrency exchange, a development that usually increases demand and price.
IMPT/USD last changed hands on Uniswap at around $0.017 per token, up more than 10% from Tuesday’s low of $0.01550 but down nearly 25% from a recent high in the $0.0225 region.
IMPT’s underperformance despite the wider slow feel for cryptocurrency market trade amid low volume last year is likely to do with the fact that the cryptocurrency broke below the short-term upward trend channel, triggering a technical selling war.
IMPT launched on BitMartExchange
The IMPT.io token was launched on BitMart cryptocurrency exchange on Wednesday the 28thTh December, expose the token to traders/users of fresh cryptocurrency. Users can trade IMPT on BitMart here.
The next IMPT will be listed on the Gate.io exchange on 1St January along with the $100,000 IMPT token airdrop that could generate significant hype.
The token’s first exchange token offering took place a few weeks ago on the LBANK cryptocurrency exchange. Users can trade tokens on LBANK here.
Price Prediction – Where Next for IMPT?
In the short term, IMPT appears to be at a crossroads as it recently formed a pennant structure, which could lead to a bullish or bearish breakout. A bullish breakout could see the cryptocurrency quickly rise to test new highs in the $0.02250 area, while a bearish breakout could open the door to a possible quick drop back to $0.012.
But with a positive update on the development progress of IMPT expected, and the token will be listed on other exchanges in the coming days, which can increase its demand, all the price back to $0.012 can be met with a significant buying demand.
What is IMPT.io?
IMPT.io is a blockchain-based carbon credit trading platform designed to make it easier for businesses and consumers to offset their carbon footprint. Users earn carbon credits by collecting IMPT tokens, which are then converted into carbon credits issued as non-fungible tokens (NFT). Users can then hold this carbon credit NFT, trade it on the IMPTs market, or burn it, in this case, they will receive a new NFT with a unique artwork.
But IMPT.io is more than just a carbon credit market. The project seeks to encourage consumers to “responsibly shop” with environmentally conscious brands. Users will be able to shop on the websites of more than 10,000 brands that have committed to the IMPT.io project and earn IMPT tokens from each purchase through an online widget.
Meanwhile, IMPT.io has an inbuilt mechanism to encourage users, be they individuals or businesses, to collect and burn carbon credit NFTs. The platform awards IMPT.io scores to users, which increase each time users shop and collect IMPT tokens, refer new users to the platform, or earn and retire NFT carbon credit NFTs. Business owners can integrate the IMPT.io platform into their stores, which will also increase their score.
Investors wary of new crypto projects should note that the founding team of IMPT.io 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 well-respected companies known only for legitimate crypto projects.
What’s next for IMPT.io?
According to an update from the CEO of IMPT.io a week and a half ago, the blockchain-based carbon credit trading platform is set to publish the first images of Use Case 1, as well as release more information before the platform plans to go live. in February. IMPT.io will also release a list of the top 500 affiliate brands, as well as the latest additions, this week. Finally, the IMPT token will be listed on cryptocurrency exchange Changelly Pro later this week.
New images and information about the project before its launch in February will increase the hype around the project, IMPT bulls hope, with some predicting that the cryptocurrency could quickly hit a post-ICO record in the $0.025 region.