How to Buy IMPT Token – Step-by-Step Guide for Beginners
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Sustainability has become a pressing issue within the cryptocurrency market, prompting many projects to implement measures that reduce (or remove) their carbon footprint. One project that looks to take things a step further is IMPT, aiming to revolutionize how carbon credits are traded and used.
With that in mind, this guide discusses how to buy IMPT token in detail, exploring what the project is and how it could shape the crypto market going forward. We’ll also highlight the token’s current price and provide insight into its future value based on the information we have today.
What is IMPT?
First thing’s first – what is IMPT? Put simply, IMPT is a brand-new crypto project that aims to revolutionize the carbon credits market. Leveraging the power of the Polygon blockchain, IMPT’s ecosystem allows users to buy, sell, and trade carbon credits easily by structuring them as NFTs – providing unique benefits to all stakeholders.
IMPT’s most appealing feature is how it allows users to obtain carbon credits. Instead of having to go through a complex investment process, users can simply acquire carbon credits through their everyday shopping activities. This is made possible through IMPT’s partnership with over 10,000 leading brands, including Apple, Microsoft, and Tom Ford.
As noted in IMPT’s whitepaper, each of these brands will dedicate a percentage of their sales margin to impactful projects. Shoppers will receive this margin in their crypto wallets in the form of IMPT tokens when they make purchases. IMPT tokens are the platform’s native ERC-20 token, which users can exchange into carbon credits through the built-in marketplace.
This unique feature is why IMPT has emerged as one of this year’s top cryptos to watch since it incentivizes both individuals and companies to become more sustainable. Moreover, the fact that carbon credits are structured as NFTs helps remove the ‘double spend’ problem seen in today’s market, providing a safer and more transparent ecosystem for all.
We’ll explore the IMPT project in more detail later in this article, highlighting how it could reshape the crypto market over the coming months and years. But for now, let’s turn our attention to how investors can get their hands on IMPT tokens through the project’s presale phase.
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How to Buy IMPT – Full Tutorial
Like many new cryptocurrency projects, IMPT is being made available to early investors through a presale phase. Presales are a popular way for crypto projects to generate awareness and raise capital, which the development team can then deploy to expand the project further.
Although presales differ from purchasing through a crypto exchange, buying tokens is still quick and easy. IMPT’s presale makes the process even more streamlined by accepting both crypto and FIAT currency – ensuring tokens are accessible to all.
So, without further ado, presented below are the four simple steps investors must take to buy IMPT tokens today – all of which can be completed in less than ten minutes.
Step 1 – Set Up a Crypto Wallet
The first step for those looking to buy IMPT tokens is to set up a crypto wallet. This wallet will be used to store the tokens after purchase but can also be used by investors who wish to buy IMPT using crypto.
Since IMPT is an ERC-20 token, the chosen wallet must support this token standard. Fortunately, most crypto wallets do – although we recommend using MetaMask since it’s free to download and easy to set up.
To obtain a MetaMask wallet, head to the official website and click ‘Download’. Choose the appropriate operating system and follow the instructions to set up the wallet.
Step 2 – Acquire Crypto (Optional)
As touched on earlier, investors can buy IMPT using FIAT currency. However, this will come with a fee levied by Transak, the platform that facilitates the payment. Investors who wish to avoid this fee can use crypto to exchange into IMPT.
At the time of writing, investors can use BTC, ETH, MATIC, SOL, and BNB to exchange into IMPT tokens. Most (if not all) of these digital currencies can be bought from major crypto exchanges and transferred into the wallet created in Step 1.
Step 3 – Connect Crypto Wallet to Presale
Head to IMPT’s homepage and click the ‘Connect Wallet’ button. In the box that appears, choose MetaMask or WalletConnect, depending on which crypto wallet is being used. After this, follow the on-screen instructions to pair the wallet with IMPT’s presale platform.
Step 4 – Buy IMPT Tokens
Once the crypto wallet has been connected, all that’s left to do is complete the investment. Investors can choose whether they’d like to buy IMPT using FIAT (e.g. USD) or whether they prefer to use crypto, as detailed in Step 2.
Regardless of which method is chosen, investors will be able to enter the number of IMPT tokens they wish to acquire. Once everything has been double-checked, all that’s left to do is confirm the exchange, and the IMPT tokens will be transferred to the linked crypto wallet.
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A Closer Look at IMPT
Investors looking for which cryptos to buy must consider many elements in their analysis, such as what the project is looking to achieve and whether it will have the longevity it needs to become successful. To help streamline the analysis process in regards to IMPT, let’s take a closer look at this project and how it functions:
What Are Carbon Credits?
As mentioned earlier, IMPT’s ecosystem revolves around the buying, selling, and trading of carbon credits – but what actually are these credits? According to NBC, carbon credits are a type of ‘permit’ representing one ton of carbon dioxide (CO2) being removed from the atmosphere.
These credits are ‘created’ by any entity that reduces, destroys, or captures emissions – for example, a major reforestation project. The exciting thing about carbon credits is that they can be bought and sold like any other asset, mainly by companies looking to offset their CO2 emissions. Here’s an example of how this works:
- Company A is only permitted to emit 20 tons of CO2 each year
- During Q3, Company A realizes that it is trending to emit 25 tons of CO2 for the entire year
- To ensure it remains compliant, Company A purchases five carbon credits
- The result is that the ‘net emissions’ are the same, yet Company A is able to stay within government guidelines
According to MSCI, carbon markets have grown to a staggering $270bn, making it a viable investment class for institutions worldwide. However, although the carbon credits market has undoubted potential, it is still plagued by a lack of transparency and is relatively inaccessible to everyday investors.
IMPT’s Carbon Credits Ecosystem
This is where IMPT comes in, as this revolutionary platform makes acquiring carbon credits quick and easy. As one of the year’s most exciting utility NFT projects, IMPT opens up a world of possibilities for both long-term and short-term investors – which has led to a tremendous buzz being generated around the project.
As noted earlier, IMPT allows users to acquire tokens through their everyday shopping activities. This benefits everyone involved, as it incentivizes shoppers to buy goods/services from specific brands. It also incentivizes those brands to partner with IMPT and become more sustainable.
Since IMPT structures carbon credits as NFTs, this means they are easily tradable. Carbon credit holders can benefit from the price fluctuations that occur, much like any other asset class. Alternatively, these holders can ‘retire’ their credits, permanently removing them from circulation.
As a reward for taking this approach, users will receive a one-of-a-kind digital artwork NFT, with ownership shared between the user and the original artist. These NFTs can also be traded on IMPT’s marketplace, providing another way for users to generate income.
Innovative Social Platform
Through the methodology laid out above, IMPT aims to become the greenest cryptocurrency on the market. However, the development team isn’t stopping there, as they will also be launching an innovative social platform that tracks the positive impact that individuals and companies have on the environment.
All members of IMPT’s ecosystem will be given an ‘IMPT Score’, which is based on how impactful they are. For example, individuals can receive points for shopping with one of IMPT’s partner brands or by retiring a carbon credit they own.
Everyone’s IMPT score is publicly-available, making it easy to see who is doing the most for the environment and who needs to step it up. Again, this provides a clear incentive for individuals and companies to become more impactful, as it’ll be evident if they aren’t doing enough.
This social platform, combined with IMPT’s groundbreaking use case, means it looks likely to be one of the most energy-efficient cryptocurrency projects of the year. With that in mind, let’s take a more in-depth look at why investors may wish to buy IMPT tokens.
Is IMPT a Good Investment? Key Points
Those looking for the best crypto to buy Reddit may wish to consider IMPT, as this token has all the makings of a top-quality project. To help clarify this further, detailed below are some of the main reasons why IMPT may become a good investment opportunity:
Appeals to Eco-Conscious Crypto Investors
Naturally, those looking for the most sustainable cryptocurrency to invest in will likely gravitate towards IMPT. This isn’t just because of the project’s eco-friendly goals but also because the ecosystem is hosted on the Polygon blockchain.
Polygon has made a name for itself as one of the greenest blockchains due to its low energy requirements. These energy requirements are so low because Polygon utilizes a ‘Proof-of-Stake’ (PoS) consensus protocol, which is much more energy-efficient than Proof-of-Work (PoW).
Moreover, Polygon is also involved in various climate change initiatives and even has a ‘Green Manifesto’ that details the network’s plans to go carbon neutral.
Various Use Cases for IMPT Tokens
IMPT tokens aren’t just used to speculate on the growth of the IMPT ecosystem – they also play an integral role in how it functions. These tokens serve as IMPT’s ‘native currency’ and are used to buy, sell, and trade carbon credit NFTs.
IMPT holders will also be able to unlock certain ‘premium’ features on the platform and gain access to exclusive NFT collectibles. Notably, IMPT’s team also aims to transition the project into a decentralized autonomous organization (DAO) in the future, meaning IMPT tokens will play a vital role in the governance process.
Already Gaining Significant Attention
IMPT may also be one of the most undervalued crypto projects at the time of writing due to the tremendous buzz already being generated by investors. Although IMPT’s presale only went live on October 3rd, more than 9,000 people have opted to join the official Telegram group.
Moreover, thousands of people now follow the project’s Twitter and Instagram pages, with IMPT also being featured on various leading crypto outlets. If awareness continues to ramp up, it’ll provide a solid foundation for the project’s growth.
May Benefit from Effective Timing
Finally, IMPT may prove to be a good investment due to the timing of this presale. With crypto prices crashing due to rising interest rates and a general ‘risk off’ sentiment in the market, investors are clamoring to find assets with positive price potential.
This is where IMPT comes in, as the token’s discounted price point will likely represent a viable opportunity for beginners and advanced investors alike. Due to the low price of IMPT tokens, investors don’t need a huge amount of capital to get involved, making the presale accessible to all.
IMPT Price Action – What to Know
Before rounding off this guide on how to buy IMPT tokens, let’s take a quick look at the project’s price potential. Although many market participants believe IMPT is currently the best crypto under $1, it’s important to remember that the project is still in its presale phase.
As noted earlier, this means that investors can obtain tokens while the project is still in development. Thus, there’s no guarantee that the token price will increase in future – which is the case with all investments.
Having said that, the first phase of IMPT’s presale sees tokens priced at just $0.018. As experienced presale investors will know, such as those who opted to buy Battle Infinity, acquiring tokens at such a discounted level can prove lucrative if the token ends up being listed on major CEXs or DEXs.
Thus, investors happy to take the risk may wish to get in while tokens are available at a discount since only 600 million will be available before the price rises to $0.023. A total of 660 million IMPT tokens will then be available to purchase, at which point the price will increase for the final time to $0.028.
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IMPT Price Forecast
It should be clear by now that IMPT’s price during the first presale is unlikely to be seen again – which is why more than one million tokens were sold during the first few hours of the presale going live. Given this information, where might IMPT’s price go in the future?
Like many new crypto launches, making accurate price estimations is challenging whilst the project is still in development. However, IMPT’s official Telegram group has already gained over 9,000 members in recent weeks, highlighting the appeal of this project.
Moreover, we can look to other presales to get an idea of how IMPT’s presale may play out. Tamadoge, one of the year’s best emerging cryptos, saw a 200% price increase once its presale ended and tokens were listed on OKX. Although there’s no guarantee that IMPT will achieve similar success, it does highlight the potential that presale cryptos have in today’s market.
The Verdict?
To conclude, this guide has explored everything investors need to know about buying IMPT tokens, ensuring the investment process is as streamlined as possible.
Those looking to buy IMPT tokens can do so in minutes through the project’s official website. The first phase of the presale sees each IMPT token priced at just $0.018 – and with only 600 million tokens made available at this price point, investors must act quick before the allocation sells out.
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FAQs
How do I buy IMPT tokens?
Investors can buy tokens through the IMPT presale platform, which is hosted on the project’s official website. All that’s required is a compatible crypto wallet (e.g. MetaMask) and some FIAT currency/crypto to make the exchange – with the entire process taking less than five minutes to complete.
What is the price of IMPT?
The price of IMPT during the first phase of the presale is set at $0.018. However, once this phase ends on November 25th (or the allocation sells out), the price will rise to $0.023 per token.
Is IMPT a good investment?
Given the increased demand for sustainable cryptos, there’s every reason to believe that IMPT could develop a strong investor base in the coming months. Combine this with the project’s innovative use case, and it’s clear to see why many are tipping IMPT to be one of the year’s most exciting cryptos.
What is the total supply of IMPT tokens?
There is a total supply of 3 billion IMPT tokens. Of these tokens, 600 million will be sold through the first phase of the presale, 660 million will be sold during the second phase, and 540 million will be allocated for the third phase.