on the crypto
The IMPT token may be one of the few projects that has a chance to withstand the recent cryptocurrency crash, and many investors continue to flock to its presale despite the broader market downturn.
The collapse of cryptocurrencies has affected the entire industry
The cryptocurrency crash of the past 24 hours has been significant given the ramifications of the FTX crash. As one of the biggest market makers in the entire cryptocurrency space, there is sure to be some degree of contagion going forward.
Not only that, but it remains to be seen exactly how much money FTX has lost with its degenerate trading practices. It seems that FTX has pledged its FTT token to take out loans and then make directional operations on the market, a very unusual and extremely risky practice.
If it turns out that this is what has happened, those who have deposited with FTX will likely be declared unsecured creditors, meaning they will not get all their funds back. According to Martin Shkreli, if the depositors "don't get 100 cents," the SBF will likely go to jail.
IMPT may be able to weather the storm
In times of extreme volatility, investors and capital allocators are often looking for superior returns to ensure their portfolios can stay in good shape.
The IMPT team believes they are one of the few projects that can weather the storm, as the narrative of the green investments remains strong as ever, even if the cryptocurrency markets are not.
At the moment the cryptocurrency markets still have the problem of colliding with a narrative war with those who support the ESG space, particularly with regards to Bitcoin (despite the fact that Bitcoin is a very ESG friendly investment).
While many consumers and retail investors are currently dissuaded from investing in the cryptocurrency space, a project focused on rewarding consumers with responsible shopping is the perfect crypto project to bridge the gap with the retail community.
IMPT's presale raised $ 12,5 million
The IMPT presale raised a whopping $ 12,5 million out of a total of $ 26 million and is running out very quickly. Those wishing to participate in the presale can do so on their website, where the presale is currently underway.
