Is the IMPT a Scam? Full Project Review

While the IMPT project has attracted a lot of attention, there are concerns about it. Is it a scam?

According to its founders, IMPT is an initiative that allows businesses and people to cut CO2 emissions. Users may purchase things from partner businesses like as Puma, Sephora, and AliExpress, earn cashback from the IMPT token, and burn carbon credits.

IMPT in X and Reddit: What Do People Think?

To be honest, the best way to gauge something is by getting real people’s opinions.

Cryptonica searched for information on the IMPT project before launching a survey on our social networks (by the way, follow us on X) but found nothing from other users except for the company’s own posts. This is strange for such an environmentally important project, especially when their partner companies include AliExpress, Fila, Guess, etc.

Okay, now let’s move on to our audience. Even with a small number of reactions, it became clear that only some people trusted this project. What about the comments? One positive, and two doubtful. Interesting.

There are also mixed reviews about IMPT on Reddit.

Positive reviews:

• Some users have praised IMPT for its unique approach to carbon offsetting and its partnerships with well-known companies such as Microsoft, Samsung, and Amazon.
• Others have expressed optimism about the potential of IMPT to make a positive impact on the environment and reduce carbon emissions.

Negative reviews:

• Some users have raised concerns about the legitimacy of IMPT, citing issues such as the lack of registration with the FCA and the fact that it is an unregulated investment platform.
• Others have pointed out that the value of IMPT tokens has decreased since its launch, which some view as a sign of a potential scam.

Community, Website, and Social Media Accounts

As for the company’s official website, which can be found here, at first glance it does not evoke any negative emotions. This means that people are working on the project, this is not a one-day page.

What about social networks and community in there? We’ve created a comprehensive table:

The involvement of active users is best displayed in the IMPT Telegram chat. There is not a single mention of the project by third parties in the X account. The same you can note on Facebook. As for Instagram, the average number of likes on posts on the project account is from 4 to 10, and there are practically no comments. The project’s YouTube also does not receive the attention of viewers, since it receives an average of 100–300 views and a total of 343,707 views; the channel is a little over a year old.

As a result, social media subscribers may be outdated or inflated.

IMPT Management and Investors

IMPT was founded by Denis Creighton and Michael English, who are also directors of IMPT Shopping. Hugh Phelan is the company secretary. IMPT Shopping is owned by AI Tokenomics Limited, and the team has undergone a Coinsniper KYC audit. However, information about IMPT’s investors is currently unavailable.

Source & Copyright: © IMPT

IMPT has raised $15.6 million in its presale, with ESG-conscious investors contributing $5 million in the first two weeks.

IMPT Token Info: Supply, Distribution, and Usage

The total supply of IMPT tokens is 3 billion, and the token distribution of IMPT is as follows:

1. 16.30% is allocated to Ecosystem
2. 5.40% — to Team
3. 10.90% — to Marketing
4. 10.90% — to Early Adopters
5. 21.70% — to Presale 1
6. 15.30% — to Presale 2
7. 19.60% — to Company Reserve

With the IMPT tokens, one can buy carbon credits on the platform’s marketplace which can be exchanged for credits. In the future, IMPT tokens will become vital as the platform shifts to a DAO.

IMPT’s Current Price, its History, and Market Cap

Source & Copyright: © TradingView

The price of IMPT can vary depending on the source, but as of the end of 2023, it currently ranges from $0.0039 to $0.0065. IMPT has a market capitalization of around $5 million and its circulating supply is 1.3 billion IMPT tokens out of a maximum supply of 3 billion. The price of IMPT has fluctuated over time, reaching a high of $0.0198 and a low of $0.0037.

Summary: Is IMPT a Scam Project or Not?

IMPT project’s goals might appear odd: buy tokens, burn them, pay again, reduce carbon footprint, exchange tokens for goods, and participate in an affiliate program. But it is possible to reduce carbon footprint without blockchain, by consuming consciously.

However, there are some key points to consider:

Why IMPT might not be a scam:

1. IMPT has collaborated with several environmental projects from around the world that are certified by globally recognized regulatory bodies.
2. IMPT has disclosed the identities of all its team members and has undergone a complete smart contract audit.
3. IMPT has attracted partnerships with well-known companies.
4. IMPT collected $15.6 million during the presale within the first two weeks.

Why IMPT might be a scam:

1. Some critics have raised concerns about the legitimacy of IMPT, citing issues such as the lack of registration with the FCA and the fact that it is an unregulated investment platform.
2. IMPT has been promoted by companies like Crypto PR and Finixio, which some critics view as a red flag.
3. The value of IMPT tokens has decreased since its launch, which some critics view as a sign of a potential scam.

While IMPT may not be a scam, conducting thorough research and due diligence before investing in any cryptocurrency, including IMPT, is essential.

Our Scamometer gives to the IMPT project 4 scams from 5.

Share your thoughts about it and, if necessary, give arguments “for” this project. We’ll be happy to discuss and find the middle of the issue with you!

Originally published at Cryptonica.news