What is eco-friendly crypto?
Environmental issues are one of the hottest topics in the world.
The consequences of global warming are visible every day through increased ocean levels, higher carbon dioxide levels, and more.
Many crypto projects also have a poor reputation since they spend lots of energy and increase carbon emissions.
But, new eco-friendly blockchain projects are emerging, tackling the biggest problems of the crypto world and humankind.
One of those projects is IMPT - the platform that helps businesses and individuals reduce their carbon footprint.
This article will tell you about this eco-friendly crypto project - IMPT.io.
So, let's start!
What is this eco-friendly crypto IMPT?IMPT.io, or The Impact Project, is a decentralized application with the goal of financing the development of green initiatives.
They want to finance the development of such projects worldwide through shopping. IMPT will connect socially responsible brands with businesses and individuals. The main goal of such a relationship would be to reduce carbon footprint.
The platform empowers users to buy, sell and retire carbon credits.
As already mentioned, users can trade on the platform.
The platform will have a selection of hundreds of environmental projects that users can invest in. All projects are carefully selected to avoid fraud and guarantee the fulfillment of all regulations.
The IMPT only onboards projects that are accredited globally by regulatory bodies. Some projects include clean energy generation plants, wind farms, or forest conservation.
Users who wish to invest in an environmental project can check the CO2 compensation quality of each project before investing in it.
Carbon credits users buy will be minted into NFTs, and users can list and sell them on the IMPT.io marketplace. Users can keep their carbon credit tokens for future investments or burn them and reduce their carbon footprint.
If they choose to burn tokens, they will earn a collectible NFT that they can trade in the marketplace.
Collectible NFTs will be unique artworks with shared ownership. In other words, the user who burned the carbon credit and the artist who created the NFT will both be the token owners.
Participating in this project brings rewards to users. They will be able to take part in voting and decision-making processes. Initially, the decision-making process will be on the founding team.
But as the project grows, the eco friendly crypto token holders will get a chance to decide on crucial questions. With this, IMPT wants to create higher engagement and legitimacy during the decision-making process.
How IMPT works - Overview- Create your profile on the platform
- Buy IMPT tokens with another crypto or credit card
- Convert coins to carbon credits
- Carbon credits are minted into NFTs
- List and trade with carbon credits at the marketplace
- Choose whether you want to burn the tokens or keep them for further investments
- There are four main elements of this ecosystem:
- IMPT.io marketplace
- Shopping platform and deep linking
- Social platform
- IMPT tokens
Here is a bit more about each.
IMPT.io carbon marketplaceThis will be a place for investors to get their carbon credits and reduce their carbon footprint. The marketplace works on the principles of transparency, traceability, security, and affordability.
The main traits of the marketplace include:
- The platform will have credible environmental projects to choose from
- Simple carbon credit tokenization process. The tokenization process will be public, and all users will be able to track the process.
- Many opportunities to use carbon credits
- No fraud and double counting
- Rewards for investors who decide to burn their tokens
The shopping platform will have thousands of companies that sell millions of products.
Every time the users buy a product, they will receive a price margin in the form of IMPT tokens. Users then accumulate their tokens until they reach the preferred amount of carbon credits.
When they hit their target, they will receive NFTs with the value of the carbon credit. Then, they can decide whether they want to hold, sell or retire their carbon credits.
Each brand participating in the project will decide what percentage of price margin they will allocate. The project has already been supported by many well-known brands like Apple, Givenchy, Hugo Boss, Adidas, Asos, New Balance, and others.
IMPT.io Social platformThe social platform connects people and environmental projects. Everyone participating in the project can have an impact score that shows the level of impact they make.
Companies that integrate online and offline stores into the platform earn more points. Brands that allocate more margin will also get a higher number of points.
Users get points for every purchase they make on the platform. Similarly, they will receive more points if they retire carbon credits or buy or acquire NFT carbon credit.
Also, the platform supports referrals. If users refer the project to a friend who then joins the project, the referrer will get points.
IMPT.io tokensIMPT will use its token for every transaction on the platform. IMPT has already sold the first round of 90,000,000 tokens to early investors.
But everyone interested can still buy IMPT tokens at a presale. There will be two extra presale rounds before this eco friendly crypto token enters the public sale.
- The IMPT token will be used for the following:
- Payments on the IMPT platform
- To unlock advanced features like special series of NFTs or new trading opportunities.
- Discount on fees
articipation in DAO once the project moves to decentralized governing.
The sale of the IMPT tokens will start on October 1, and everyone interested will be able to buy the eco friendly crypto coin on the official IMPT.io site.
The first stage of the presale will last until November 25 or until all tokens sell out. In the first phase, 12,000,000 coins will be available for sale. The price will be 1 IMPT token for $0,06.
The second stage of the presale will start immediately after the finish of the first stage. In it, the token price will be 1 IMPT for $0,07.
After that, IMPT tokens will be available at a public presale for 1 IMPT for $0,08.
After the public sale finish, the IMPT token will list on exchanges. At the same time, IMPT will launch the marketplace. After that, the platform will work on community platform development and new partnerships.
Wrapping up
IMPT is a promising project that can help the world reduce carbon emissions. The project has $70 million of projected voluntary carbon offsets by 2027.
So, when it comes to eco friendly crypto projects, IMPT is definitely to keep an eye on
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