Green and eco-investing is set to be one of the biggest growing industries in the next decade as governments, institutions, and individuals push for solutions to the climate crisis.
One such solution is from the new crypto presale project IMPT, which aims to help fight global warming by offering businesses and individuals an easier way to offset their carbon footprint.
The Ethereum-based protocol will allow its users to buy, earn and own carbon credits and has so far raised $13 million of investment in just a month.
Carbon credit investing to grow 50 times
Carbon credits are already big business at the government and state levels, with many nations imposing strict mandates and legislation on how much companies have to offset their carbon footprint.
However, at the recent COP27 climate summit in Egypt, UN Secretary-General Antonio Guterres outlined that much still needs to be done, saying:
“Our planet is still in the emergency room. We need to drastically reduce emissions now and this is an issue this Cop did not address. The world still needs a giant leap on climate ambition.”
Much of the blame was pointed at the US and China, the world’s two largest polluters, to do more to cut their fossil fuel usage.
While the mandatory market is estimated to be worth around $300 billion annually, the voluntary carbon market is worth just $2 billion – but Bloomberg estimates the next decade will see it grow 50-fold to $100 billion per year.
US Climate Envoy John Kerry described the next decade as “critical” in the fight against climate change, and IMPT is offering one such solution to help ease its effects.
What is IMPT?
IMPT has emerged as one of the fastest-growing cryptocurrencies of 2022 because it offers a real-world solution to an extremely important real-world problem.
At its core, IMPT will offer people the chance to turn its native crypto token into carbon credits which can then be used to offset the holder’s carbon footprint.
Carbon Credit NFTs
Carbon credits are permits that allow a holder to emit carbon into the atmosphere in exchange for funding eco projects around the world, with one carbon credit equal to one ton of carbon dioxide.
Users buy IMPT tokens to purchase carbon credit NFTs, select a verified eco project to fund, and can then burn the NFT to offset their carbon footprint.
Carbon credit NFT holders can also choose to sell them for profit or hold them as a long-term investment.
Holders who burn their carbon credit NFT not only offset their carbon footprint but also receive another NFT in return, which can also be held as an investment or sold for profit.
Furthermore, IMPT will utilize blockchain technology to reduce fraud in the carbon credit market.
With the NFTs housed on an immutable and transparent ledger, fraudulent activities such as the creation of bogus carbon credits and double-counting – where two companies claim ownership of the same carbon credit – will be reduced.
Earn IMPT Tokens While Shopping
In addition to buying IMPT tokens to convert into carbon credit NFTs, users are also able to earn them by doing their usual shopping.
IMPT has affiliate partnerships with thousands of retailers and globally recognizable brands that will offer IMPT back to shoppers as a percentage of the sale.
Samsung, Microsoft, LEGO, and Macy’s are among the brands to have already partnered.
Shoppers can then make further green choices by selecting brands that offer a better percentage in return, while IMPT will also keep a scoreboard to track the carbon-offsetting efforts of individuals and businesses.
IMPT Presale
As mentioned above IMPT is currently in its presale stage and has already attracted $13 million in investment.
Stage 1 of the 3-stage presale sold out four weeks ahead of schedule after raising $11 million in just three weeks.
Tokens were on sale for $0.018 at the time but have since increased to $0.023 for stage 2 and will again rise in price in stage 3 to $0.028.
That represents a 55% increase from stage 1 – and a 22% increase from the current price – meaning the best price to buy IMPT tokens is now.
IMPT boasts a doxxed and KYC-verified team, conducted by CoinSniper, while the project has also had its smart contract fully audited by Hacken, meaning it is well covered on the security front.
In total, 1.8 billion (60%) of the 3 billion supply of tokens will be sold during the presale, with no vesting period and a hard cap of around $45 million.
A further 10% was sold to early investors in a private sale, while 15% will be saved for the development of the ecosystem, 10% for marketing, and the final 5% to the team.
Interested investors should read the IMPT whitepaper for more information and join the Telegram group for the latest news.
How to Buy IMPT
IMPT is now in stage 2 of its presale, with tokens on sale for $0.023.
Read our full guide on how to buy IMPT tokens.
Investors should also note there is an ongoing giveaway where three winners will share $100,000 of IMPT tokens for completing various social media tasks.
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