This Green Token Has Raised Nearly $13 Million For Its Carbon-Credit Marketplace-On-The-Blockchain Platform – Time to Buy?
Over the course of the last few weeks, the crypto market has taken a serious tumble thanks to the collapse of FTX. The contagion has been spreading out into the wider ecosystem and many other companies have already bankrupted themselves. However, there are some presales that have been doing extremely well despite the downturn, and IMPT is one of them.
IMPT is a brand new green cryptocurrency that has now raised almost $13m for their plans to completely change the carbon credits market for the better, and forever.
The presale has been selling out extremely quickly, and has attracted many investors from all over the world.
Traditionally, carbon credits have been used by governments in order to incentivise companies to pollute less: governments distribute a certain number of carbon credits (which decreases each year) and companies have to buy them for the right to pollute.
This means that it gradually becomes more expensive for large companies to be able to pollute, meaning that carbon emissions are subsequently significantly reduced.
In the case of IMPT, the team instead rewards consumers who shop through their shopping platform, and rewards them with IMPT as cash back. The amount that is rewarded to consumers depends on exactly which company they are shopping through, and what arrangement that company has for their ESG quotas.
The IMPT tokens that are given as cash back can then be held or traded, and in the case that one wishes to redeem them, they can do so in exchange for carbon credits as NFTs. The process of redemption involves burning the IMPT, which means that the token becomes gradually scarcer over time.
The team at the Impact Project are currently running a giveaway worth $100k in IMPT tokens.
In order to be
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