The IMPT token may be one of the few projects that stands a chance of resisting the recent crypto crash, and many investors are continuing to flock to its presale despite the broader market downturn.
The crypto crash has affected the entire industry
The crypto crash over the last 24 hours has been significant given the ramifications of FTX’s collapse.
As one of the largest market makers in the entirety of the crypto space, there is sure to be some degree of contagion going forward.
Not only this, but it remains to be seen exactly how much money FTX has lost with their degenerate trading practices.
It seems that FTX were posting their FTT token as collateral to take out loans to then make directional plays on the market, which is a highly unusual and extremely risky practice to take.
Imagine McDonald's makes its own money, let's call them clown-bucks, keeps most of it, and sells some to the market.
McDonald's then uses their remaining clown-bucks as collateral for actual loans.
And then people remember clown-bucks aren't real.
— Lyn Alden (@LynAldenContact) November 8, 2022
If it does emerge that this is what has happened, then those who deposited to FTX will most likely be decreed as unsecured creditors, which will mean that they won’t get all of their funds back.
According to Martin Shkreli, if depositors “don’t get 100 cents to the dollar”, SBF will most likely do some prison time.
IMPT may be able to weather the storm
In times of extreme volatility, investors and capital allocators are often searching for outsized return in order to ensure that their portfolios can stay in nice shape.
The team at IMPT believe that they are one of the few projects that may be able to weather the storm, with the narrative of green investing remaining as strong as ever, even if the crypto markets aren’t.
The crypto markets at the moment still have the problem that they are coming up against a war of narratives with those who support the ESG space, particularly with regard to Bitcoin (despite the fact that Bitcoin is a very ESG friendly investment).
Whilst many consumers and retail investors are currently being dissuaded from investing in the crypto space, a project focused on rewarding consumers with responsible shopping is the perfect crypto project to bridge the gap to the retail community.
The IMPT presale has now raised $12.5m
The IMPT presale has now raised an impressive $12.5m out of a total $26m, and is selling out extremely quickly.
Those who wish to participate in the presale can now do so on their website, where the presale is currently live.
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