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

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:

1

ByBit

5020 $
bonus for new users!

9.8

VISIT Read Review

ByBit provides convenient and safe conditions for cryptocurrency trading, offers low commissions, high level of liquidity and modern tools for market analysis. It supports spot and leveraged trading, and helps beginners and professional traders with an intuitive interface and tutorials.

2

Binance

Earn a 100 $ bonus

for new users!

9.5

VISIT Read Review

The largest crypto exchange where you can quickly and safely start your journey in the world of cryptocurrencies. The platform offers hundreds of popular assets, low commissions and advanced tools for trading and investing. Easy registration, high speed of transactions and reliable protection of funds make Binance a great choice for traders of any level!

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.

Author: Saifedean Ammous, an expert in cryptocurrency economics.