Carbon Offset IMPT Tokens Raised $12.5 M
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An editor at Coincrop
11 Nov 2022 | 3 min read
s energy and fuel prices continue to inflate, eco-friendly and ESG investing remains a popular topic in the news.
IMPT is a new crypto project that has caught the eye of many investors due to its focus on environmental sustainability. The protocol uses blockchain technology to help fight the climate crisis, making it an appealing project for those interested in investing in cryptocurrencies with a purpose.
It will do that by transforming carbon credits into NFTs, making them fully tradeable on an open market and stopping fraudulent activity.
The project, which has raised nearly $13 million in investment in just under a month, is one of the most successful and highest-funded presales we've seen this year.
Carbon credits are a permit that allows businesses and corporations to emit greenhouse gas by offsetting their carbon footprints.
IMPT is committed to reducing carbon emissions by transforming carbon credits into NFTs. This will enable investors to buy, sell, or hold these assets as long-term Offsetting their own carbon footprint.
Holders can also 'retire' their carbon credits and permanently remove them from the supply.
IMPT will turn them into NFTs and house them on chain in order to reduce fraud - such as bogus permits and double counting - by having them exist on an immutable ledger that is transparent to all.
IMPT is developed by a team that pursues transparency and recent KYC verification from CoinSniper. Furthermore, an external audit from Hacken confirms the solidity of the smart contract.
ChrisAn editor at Coincrop
Chris is a Coincrop staff writer based in the UK, covering the best rates for cryptocurrency earning and borrowing products. When not at work, he's likely assembling lego models.
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