Disclaimer: The Industry Talk section features information from crypto industry players and is not part of the editorial content of Cryptonews.com.
IMPT is a brand new project that seeks to use blockchain technology to make the world more sustainable. It is an excellent candidate for the greenest cryptocurrency of the year.
After just five days of presale, the project’s native currency, the IMPT token, has already raised a whopping $2.1 million.
– Advertisement –
1 IMPT equals $0.018 in the first presale phase and the network has already sold 109 million tokens.
IMPT – The best ESG compatible cryptocurrency to buy today
By acquiring carbon credits, the equivalent of offsetting 1 ton of carbon, individuals and businesses can reduce their environmental impact through IMPT. To address the issues the sector is now facing, IMPT has decided to tokenize carbon credits.
This will eliminate any issues with double spend tokens and greatly improve the openness of the industry. There are several options for acquiring carbon credits. First, you can get them from the IMPT market.
However, IMPT has partnered with over 10,000 brands to reward users with purchase-only IMPT tokens, allowing anyone without access to a cryptocurrency exchange to get their hands on some. Carbon credits can be bought and traded with these tokens.
IMPT uses NFTs for carbon credits
With IMPT, NFTs can be used in an entirely new context: as a form of offsetting carbon emissions. Placing carbon credits on the blockchain makes them much harder to counterfeit than any other method.
The public nature of the ledger makes it extremely difficult to misuse carbon credits in any meaningful way. It also ensures that they are constantly transparent, which would not be possible without this system.
Carbon credits can be bought, sold and withdrawn on the IMPT carbon market. In order to create a market for carbon credits, NFTs are created. When used in carbon markets, blockchain technology eliminates the risk of double-counting and fraud.
An independent auditor verifies all carbon credits on the IMPT platform to ensure they are generated in accordance with global certification protocols.
Carbon credit issuers and holders must follow the Know Your Customer (KYC) process. Furthermore, the IMPT carbon trading platform operates on three levels:
- Tokens for the IMPT platform can be obtained by anyone at level 1 using cryptocurrency or fiat currency.
- The user can save these IMPT tokens and then use them to purchase carbon credits.
- Blockchain-based NFTs will replace carbon credits.
Users can trade and sell their carbon credit tokens on the market. Only IMPT tokens can be used to pay for goods and services, and users can either burn their carbon credit tokens to reduce their carbon footprint and see an effect immediately, or keep the tokens as an investment.
Users can buy and sell valuable NFTs obtained by burning carbon credit tokens at the third and final level. The user who burned the carbon credit tokens and the artist who designed the collectible NFT will each own a unique piece of art.
Visit IMPT today
If you want to buy IMPT tokens, you’re in luck because the IMPT presale is still going on. However, the IMPT pre-sale appears to have completely sold out well before the planned end date of November 25th.
Join their channels and social groups to learn more about the project.