Trent Rhode
IMPT.io, one of the most advanced carbon offsetting and climate change initiatives on the planet, is nearing the completion of its highly successful token presale. The presale has raised over $500k in the past 24 hours alone and looks like it will raise a lot more before it finishes on Dec. 11.
IMPT connects users to hundreds of environmental projects globally, working with thousands of well-known retail brands that donate a designated portion of each sale on the platform towards the projects.
The IMPT token will be listed at $0.0253, 10% above the final presale price, according to an announcement from the company. The project has raised $15.5 million in barely two months.
Meanwhile, in addition to the listings already solidified with exchanges LBank and Changelly, the company recently announced that a further seven exchange listings are underway.
What IMPT is and How it Works
IMPT.io’s online widget and mobile app make it easy for shoppers to buy products from affiliate brands, both offline and online, and earn NFT-based carbon credits. They can then retire/burn the carbon credits for unique resellable NFT collectible rewards designed by recognized artists or sell them on IMPT’s carbon credit marketplace.
In return for their purchase, shoppers also receive IMPT tokens, while a portion of what is spent will be donated to a vetted green project working to capture carbon. Credits not retired can still be traded on the IMPT marketplace.
IMPT’s innovative platform has already partnered with thousands of affiliates including big names such as Netflix, Microsoft, Amazon, Samsung, Macy’s, and Dominos.
The sustainable crypto platform has been designed with ecological values at its core. All green projects listed on the platform as beneficiaries are sourced from accredited environmental bodies, meaning each carbon credit purchased through the platform will directly contribute towards real-world sustainability initiatives.
“The best way to predict the future is to create it.” – Alan Kay
Changes start with each step we take, each action, and every thought!
Start with yourself!
Grab some $IMPT now!
Remember, the presale ends on the 11th of December! ⬇️
https://t.co/8KSvC4GHjF pic.twitter.com/Aov2OW6lMk— IMPT.io (@IMPT_token) December 7, 2022
Projects are selected based on their ability to make a difference on a grassroots level, including contributing to clean energy generation and forest conservation and restoration. Users can check the CO2 compensation quality of each project as well to better understand their impact.
IMPT will also allow users to track and measure their overall impact on the environment over time, helping them understand where their carbon credits are going and how much of an effect they are having.
The Technology: How Blockchain Helps Carbon Offsetting
Blockchain can efficiently put a stop to fraud and double-counting, which are two huge issues with carbon trading. The carbon credits are minted into NFTs and anyone can see which addresses hold them, whether a credit has been retired or not. The burning mechanism permanently and irreversibly removes a retired NFT from circulation so that it cannot be resold. NFTs and tokens are linked to a cryptographic proof of the right, making it impossible for someone to create new NFTs or fake tokens.
IMPT Sustainable Crypto Token Use Cases
Besides carbon credit NFT tokens, a major part of the ecosystem, as discussed, is the IMPT token. The main use of the IMPT token is as the currency in the IMPT.io carbon marketplace. Every service offered within the platform will be charged using the IMPT token. Users will also be able to purchase NFT carbon credits and different products from affiliates on the platform, while holders of the tokens can unlock additional premium services. Discounts are also available when using IMPT tokens on shopping platforms, and IMPT holders will eventually have access to governance voting in an upcoming DAO.
The Potential Value of IMPT and the Carbon Markets
The mandatory carbon market was valued at $271 billion in 2021, a 128% increase from 2008. The voluntary carbon offsetting market grew in value towards $2 billion in 2021, quadrupling from the previous year, and is expected to hit $50 billion by 2050. The global carbon market in general is expected to hit $22 trillion by that same year.
The growth of the carbon credit market has been spurred by both rising demand as a result of an increasing awareness of the need to act on climate change, and the corresponding price increase for credits. In 2021, around 500 million credits were traded at an average price of $4 per ton, up 60% from 2020 levels.
As the world increasingly demand carbon credits, it will become apparent that we need a credible, transparent, verifiable and environmentally robust carbon market solution, and IMPT is a very strong contender to become the platform for the job.
Conclusion: Support and Invest in Sustainable Crypto IMPT
It’s clear that IMPT has the potential to revolutionize the carbon credit market and make it easier for people to help reduce their negative impact on the environment. By providing an easy-to-use platform for individuals, businesses, and organizations to purchase carbon credits, IMPT is paving the way for a sustainable future with crypto while simultaneously looking to be one of the best crypto buys of 2022.
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This article was written for Business 2 Community by Trent Rhode.
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