IMPT.io, a sustainable crypto and industry-innovating carbon offsetting and climate change initiative, has nearly completed its highly successful token presale. In just the past 24 hours, the presale has raised over $1 million, with more funds expected to come in before it finishes on Dec. 11.
IMPT.io connects users to hundreds of environmental projects all around the world that are supported by thousands of well-known retail brands. Every time a user makes a purchase through IMPT.io, a designated portion of the sale is donated towards these various projects.
According to an announcement from the company, The IMPT token will be listed at $0.0253, 10% above the final presale price. In barely two months, $16.2 million has been raised for the project.
In addition to LBank and Changelly, which will list the IMPT token in early 2023, seven more exchange listings are currently being solidified.
How IMPT Works: A True Sustainable Crypto
IMPT.io’s online widget and mobile app makes it easy for shoppers to buy products from affiliate brands, both offline and online, and earn NFT-based carbon credits. They can then redeem the carbon credits for unique NFT collectible rewards designed by recognized artists or sell them on IMPT’s marketplace.
When shoppers make a purchase they will be rewarded with IMPT tokens and a portion of what is spent will be donated to an independent project working to fight climate change. Credits not retired can still be traded on the IMPT marketplace.
IMPT’s platform has partnered with thousands of affiliates including Microsoft, Netflix, Amazon, Dominos, Samsung, and Macy’s.
The platform is based on a truly sustainable crypto model and has been designed with sustainability as its foundation. Listed green projects on the platform that receive benefits are from accredited environmental organizations, meaning each carbon credit bought through the platform contributes directly to real-world sustainability initiatives.
IMPT users can choose projects to support based on how much of a difference they will make. Projects include those contributing to clean energy generation or forest conservation and restoration.
Over time, users will be able to track and measure their overall impact on the environment, which will help them understand where their carbon credits are going and show the impact they are making.
The Technology: How Blockchain Helps Carbon Offsetting
The use of blockchain prevents carbon credit fraud and double-counting, which are both large problems impeding the development of an effective global market for trading carbon credits. Carbon credits will be minted into NFTs (non-fungible tokens), allowing anyone to retire/burn the tokens while verifying the ownership addresses of the credits. A token-burning mechanism can remove retired/burned carbon credit NFTs from circulation– making it impossible for someone to resell them. The cryptographic proof attached to each NTF/token makes counterfeiting impossible.
IMPT Token Use Cases
As well as carbon credit NFT tokens, a key element of the ecosystem is the IMPT token. The primary use of the IMPT token is as currency in the IMPT.io carbon marketplace. Every service provided within the platform will incur a charge using the IMPT token. Users will also be able to purchase NFT carbon credits and various products from affiliates on the platform, while holders of the tokens can access additional premium services.
Not only can you get discounts when using IMPT tokens on shopping platforms, but holders will eventually also be able to vote on governance decisions in an upcoming DAO.
The Potential Value of IMPT and the Carbon Markets
In 2021, the value of the mandatory carbon market reached $271 billion–a 128% increase from 2008. Furthermore, the growth in value of voluntary carbon offsetting quadrupled from 2020 to reach $2 billion in just one year. Experts predict that by 2050, this number will climb to an impressive $50 billion.
As the world becomes more aware of the need to act on climate change, demand for carbon credits has increased, driving up prices. In 2021, around 500 million credits were traded at an average price of $4 per ton – a 60% increase from 2020 levels.
It is clear that we need a reliable and environmentally sound solution for the carbon market, and IMPT is in a strong position to become that platform.
Conclusion: Support and Invest in Sustainable Crypto IMPT
IMPT offers a much-needed solution to the global issue of climate change by allowing people to purchase carbon credits and offset their emissions. The company provides a user-friendly platform for businesses, organizations, and individuals alike to make sustainability achievable on both an individual and societal level. In doing so, IMPT is playing a key role in creating a better future for us all while providing a good reason to invest in the environment.
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