With the negative stigma surrounding the amount of energy cryptocurrency uses, it’s about time crypto projects step up and start to make a difference from inside the industry. One project that entirely focuses on helping crypto go green is IMPT – a blockchain-based carbon credit ecosystem.
Put carbon credits on the blockchain
IMPT’s mission is to positively impact the environment by connecting socially responsible brands with businesses and individuals seeking to reduce their carbon footprint. Users will also be able to easily buy, sell or retire carbon credits online.
Carbon credits refer to permits which represent the carbon emissions that have been removed from our atmosphere. A carbon credit is one ton.
Large companies often have to buy carbon credits in order to reduce their carbon footprint from industrial production. Although large corporations are legally required to purchase carbon credits to offset their industrial output, many small businesses or individuals hesitate to do so because of its complex and fragmented structure.
IMPT is an ecosystem which aims to improve the carbon credit market. It allows users to buy, sell, or retire carbon credits easily.
This is the ecosystem.
- The Carbon Marketplace
- Shop on a Shopping Platform
- A Social Platform
- Carbon Credit NFTs
When the Carbon Marketplace launches in 2023, users can buy carbon credits from it directly.
As mentioned, today’s carbon credit market is fragmented, making it difficult for individuals to enter as they have limited pricing data with no method to know if they are purchasing genuine carbon credits. The best thing about IMPT carbon credit is their NFT status on blockchain. This allows buyers to track and verify authenticity and transparency.
The NFT can be sent to a burned address if a person or company wishes to stop using carbon credits. Additionally, users will receive unique collectible NFTs after retiring a carbon credit – created by unique artists. The NFTs can be used to create a new trend in environmental consciousness and offer additional incentives for people who want to retire carbon credits.
You can earn carbon credits by shopping regularly
IMPT will create a shopping platform where users can earn carbon credit while shopping regularly. Global top-tier brands and retailers have teamed up with the project, who are willing to donate a percentage of their sales for environmental projects.
The sales margin from a purchase made on the platform is kept in the user’s account under IMPT tokens, until enough tokens are available to buy a carbon credit.
This innovative feature allows individuals to shop for items that they are familiar with and reduce their carbon footprint.
An international score to track carbon footprint impacts
IMPT also plans to create a social platform which encourages people and companies to be more eco-friendly and conscious. The social platform will help users measure their impact on their own carbon footprint and will provide the world’s first global score as a metric to track.
Global score gives businesses and individuals an index to determine their global impact relative to others.
The IMPT Presale is all eyes.
IMPT will now be starting a series presales to raise funds for the native token. The “Early Adopter” phase sold 90 million tokens in a matter of weeks as investors rushed to be a part of the crypto that is helping the industry go green.
The next presale is “Phase 1”, starting at the beginning of October. 600 million tokens are being sold at $0.018 in the initial presale. This will last for a month, and then “Phase 2” will begin, seeing 660 million tokens offered at $0.023. Finally, the third presale is “Phase 3,” which will see 540 million tokens offered at $0.028.
Public sale will take place after all three phases of presales are completed. This is expected to be February 2023.
Ethereum is stepping into energy efficiency
In case you’re wondering, IMPT is a carbon-zero company, and the platform is hosted on the Ethereum network. The Ethereum blockchain entered into a Proof-of-Stake Blockchain, which has reduced its energy use by as much as 99.95%. This makes it the ideal choice for IMPT. Furthermore, Ethereum’s ability to partition data and scale upward ensures a future-proof blockchain for the project.
To find out more, consider joining the project’s official Telegram group and follow them on Twitter.
Go to IMPT today