Cryptocurrency and climate change: how IMPT.io aims to reshape the industry

IMPT

Blockchain has long been labeled as a technology that is bringing the global environmental crisis closer. But the situation may change in the near future. The most global event in this sphere was the gradual transition to energy-efficient coin mining technologies. There was also a merger of Ethereum. This gives hope that cryptocurrency has a future in the modern ecological world.

Not so long ago, the industry began to introduce technologies designed to reduce its carbon footprint. One of the latest interesting projects was the IMPT.io platform. Its main goal is to offer business owners and ordinary users convenient and safe tools to offset their carbon footprint.

Let’s take a closer look at the features of the IMPT.io project and find out what advantages it already has at the current stage.

How IMPT.io helps to contribute to the fight against the environmental crisis

The IMPT.io platform is designed to help ordinary users offset their carbon footprint by engaging with leading brands when purchasing specific products and services. Manufacturers partnering with the platform will set aside a portion of their sales margins to influence projects. These funds will accumulate in users’ accounts in the form of IMPTs. Once the required number of tokens is collected, the customer will be able to transfer them into carbon credits.

To purchase a carbon credit, the following steps must be followed:

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  1. Complete registration on the IMPT.io platform.
  2. Purchase the tokens directly from a credit/debit card or with the cryptocurrency available.
  3. Convert the purchased IMPT tokens into carbon credits. The latter are automatically tokenized into NFT. Due to this approach, operations are transparent and traceable.

Purchased credits can be accumulated. Also on IMPT.io there will be an open market where users can buy, sell and withdraw carbon credits.

NFT token holders will be able to store them as investments or burn them to offset their carbon footprint. The platform will eliminate from the sphere all the drawbacks that are present now. These include fraud and double counting of carbon credits. When burning NFT, the user will receive a collectible non-mutualizable token at his disposal.

The IMPT.io project will also implement the ability to track current contributions to preventing the global environmental crisis. Users will receive points for their activity on the platform. It will be possible to improve the rating in several ways:

  • Purchasing goods from partner brands.
  • Receiving a carbon credit.
  • Attracting new users to the platform.
  • Burning carbon credit.

Companies will also be able to earn points on IMPT.io. To do this, they will need to integrate their stores into the platform. The main goal of the project is to popularize carbon credit technology.

Simplifying the process of carbon offsetting

The main danger of carbon, which enters the atmosphere with the emissions of various businesses, is that it has a direct impact on air temperature. Even minimal fluctuations in temperature can trigger massive melting of Antarctic ice and subsequent waterlogging. It is important to fight warming in order to ensure a normal existence on the planet for future generations. It would be possible to completely shut down industries that emit dangerous gases into the air, but this would not be economically viable.

Instead, schemes could be utilized that would lead to a gradual reduction in harmful emissions. Carbon footprint compensation is one such tool.

Individuals, companies and businesses are given the opportunity to purchase carbon credits to offset harmful CO2 emissions. Carbon credits are special certificates that prove that one ton of carbon dioxide will be removed from the atmospheric air.

Companies and businesses are required to offset their carbon footprint. Individuals, on the other hand, can do the deal on a voluntary basis. Although carbon footprint offsetting has many benefits, the technology is not particularly popular. Right now, the carbon credit market is something complicated and incomprehensible to the average buyer. Buying a carbon credit is a daunting and tedious endeavor that not many people choose to pursue.

IMPT.io simplifies carbon offsetting

The introduction of the IMPT.io platform to the market is designed to make the entire process much simpler. The program provides the ability to offset carbon emissions by investing in an IMPT token. The platform’s ecosystem is designed to connect environmentally responsible brands and private consumers who are looking to reduce their carbon footprint. Users will not only be able to buy credits directly. The platform will also allow them to earn tokens by purchasing goods from partner brands.

Building a carbon credit marketplace on the blockchain makes it possible to complete all transactions securely and without double charging. This will eliminate cases of fraud.

IMPT.io attracted investors even at the initial stage

IMPT.io is a project that wants to make the carbon footprint offsetting procedure massively popular by utilizing Web3 technologies. If the platform continues to develop according to the proposed roadmap, soon more people and companies will join the initiative to prevent the global environmental crisis and the subsequent warming of the planet.

The developers have decided to issue 3 billion tokens. In early pre-sales, investors have already managed to hand over about 10% of the total. The value of the coin at the first stage will be 0.0120 dollars. Now investors have every chance to purchase the cryptocurrency at a low price to expect maximum returns in the future.

In total, the pre-sale phase will include three parts:

  • 600 million tokens (20%) at $0.018.
  • 660 million tokens (22%) at $0.023.
  • 540 million tokens (18%) at $0.028.

The platform aims to offer solutions for different categories of users:

  • For businesses. Most of today’s buyers prefer to engage with companies that are committed to reducing their carbon footprint. The project provides the ability to easily reduce and offset carbon emissions.
  • Industrial companies. This is the category of businesses that have the largest carbon footprint. The IMPT.io platform will help them to easily invest in environmental projects and reduce their negative impact on the environment.
  • Government organizations. The carbon footprint offsetting process can be customized to local standards and regulations. Local bodies get convenient and efficient environmental tools at their disposal.
  • Community organizations. Partnering with IMPT.io will simplify the process of participating in social initiatives such as renewable energy, forest conservation, and so on.
  • Individuals. It is important for ordinary consumers to remember that any product has a carbon footprint. On the IMPT.io platform, you can learn about companies that support environmental initiatives and purchase relevant credits to offset your footprint.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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