The article below is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.
A lot has happened in the past year regarding terra (LUNA), terraUSD (USDT) stablecoin and the company Terraform Labs. The incident started when terraUSD lost its ‘stick’ or link and was no longer worth $1.
As a result, the algorithm broke down and panic ensued in the market. More than 99% of the total value of the Terra ecosystem evaporated within days.
Terraform Labs has now started a new blockchain with a new terra (LUNA). However, the old crypto does not just disappear. This coin is now called terra luna classic (LUNC) and is managed by the community.
>>> Now for IMPT Presale <<
Terra Luna Classic Price: Has Bottom Been Reached?
If you have been away from the market for a while, you may be shocked. Where LUNC tokens were once worth more than $100, it is now only $0.00023. This is due, among other things, to the fact that it was decided to bring many more LUNC coins to the market.
Decisions like these can now be voted on by the entire community behind LUNC to create a future for Terra Classic. Another recent decision made by the community is that from now on 1.2% of each transaction will be ‘burned’. As a result, the supply of LUNC may shrink and the price may increase.
The proposal created a lot of hype in September, and LUNC did very well, although the price has since fallen again. Even so, the price is still three times as high as before the increase in September.
So it’s starting to look cautiously that LUNC still has a future against all odds.
New crypto IMPT scores high
In addition to the problems surrounding Terra and the many developments that have taken place around this crypto, there is of course much more going on in the crypto world. For example, there is a new cryptocurrency that is getting more and more attention from potential investors: IMPT.
IMPT stands for Impact Project, and you can already invest in this sustainable cryptocurrency by participating in the pre-sale. This pre-sale is very interesting because it is divided into 3 phases. In the first phase you buy the coin for $0.018 and then the price per coin increases. phase by $0.005.
As the first investor, you have already earned $0.01 per token profit between the moment you buy the coin and the sale ends. The coin will then be available on an exchange so you can sell it. There the price will be $0.028 for the first few seconds before the price moves in its own direction.
The project aims to make an impact, and it does so by bringing unique green applications to blockchain. The best example of this is the ability to carbon credits to buy with your IMPT tokens.
With a CO2 credit, you as an individual, company or organization get the right to emit 1 tonne of CO2. You can now buy the credits with your IMPT tokens to trade them as they may become worth more.
The other choice you have is to destroy the carbon credits. No one can then make use of this credit anymore and in this way you ensure that less CO2 ends up in the atmosphere.
In exchange for destroying carbon credits, you get a green NFT in addition to a good feeling. This NFT can in turn be traded on IMPT’s NFT marketplace.
The total carbon offset market consists of mandatory and voluntary parts and is valued at approximately $271 billion in mandatory carbon credits and $2 billion in voluntary donations.
Voluntary purchase of CO2 credits is becoming more and more popular, which is why IMPT appears at the right time. If the market continues to grow in the coming years and IMPT is the first choice for blockchain applications around carbon credits, the token could rapidly increase in value.
You can also find all kinds of sustainable projects on the IMPT platform that you can contribute to. You can also buy products from one of the platform’s partners. A portion of your purchase amount is then used for sustainable projects.
>>> Now for IMPT Presale <<
The above article is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.