Green Crypto IMPT Raises $12 Million as Investors Snap up Tokens
IMPT is the green cryptocurrency that is taking the world by storm thanks to the effort that their team is putting into the carbon credits revolution.
By putting carbon credits on chain, the team at the Impact Project are making the world of carbon credits far more efficient than they ever were before.
Until now, the system of carbon credits has been extremely opaque, only applied to companies, and the entire process of trading with them has been inefficient and antiquated.
By using the blockchain to trade carbon credits as NFTs, they can be traded 24/7 without interruption.
The team at the Impact Project are using their IMPT token to capitalise on the explosion of green investing the past few years.
By the year 2030, the carbon credits market is expected to have eclipsed a value of $50 billion, with the ESG market as a whole having reached a value of $30 trillion, according to Broadridge Financial Solutions.
IMPT stands at the nexus of the explosion in the cryptocurrency industry and the green investing industry, and hopes to make good use of the growing popularity in both in order to expand to a mass market.
There are now over 25,000 brands that have onboarded to the IMPT shopping platform, including industry giants such as Microsoft, River Island, Amazon and Samsung.
This means that whenever a consumer shops through the IMPT shopping platform they are entitled to earn IMPT as cash back rewards.
This IMPT can then either be held as an investment, traded, or redeemed for carbon credits. The process of redemption for carbon credits involves burning the IMPT to make the token scarcer, and in return users can receive carbon credits as NFTs.
The IMPT presale has now raised $12m, and is selling out extremely quickly.
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