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This cryptography brings carbon credits to the blockchain

Posted on December 3, 2022 by admin

Disclaimer: Industry Talk section hosts the viewpoint of crypto industry representatives and should not be considered as part of Cryptonews.com’s editorial policy.

IMPT is a new project, capitalizing on the growing interest in the ESG (Environmental, Social and Governance) investment sector and cryptocurrency.

The team’s goal is to be able to use cryptocurrency as a way to ensure that carbon offset credits are processed more efficiently and transparently.

To achieve this, addresses that correspond to offsets are registered on-chain and can be used in various ways. Until now, carbon credits have only been recovered by companies to offset their polluting emissions, but with IMPT they can be used to encourage changes of course in favor of the environment by individual consumers as well.

Increase green investments

Over the past few years, green investing has represented a large portion of this industry. The obligation to adopt ESG measures requires companies to change their production system in order to maintain access to financing capital.

ESG policies make it easier for green companies to access funds.

By 2030, Broadridge Financial Solutions estimates that the total ESG market value could jump to $30 trillion, and the carbon credit market alone could be worth more than $50 billion.

More than 25,000 participating companies

The IMPT team has worked hard and managed to get as many companies and brands as possible into their ecosystem, and now there are over 25,000 business partners who have joined the project.

Recently, other brands such as River Island and Macy’s have also joined in, and the company has managed to attract even the likes of Netflix and Microsoft.

This means that every time a consumer makes a purchase from any of these affiliates, which comply the most with ESG standards, they receive IMPT tokens in exchange for redeeming them for carbon credits.

The decision to record carbon credits on the blockchain makes it possible to make the entire ecosystem more transparent and secure than it has been so far. This way carbon credits can be traded 24/7 and more efficiently.

The IMPT pre-sale has raised $13 million to date

The IMPT token pre-sale is now going on on the official website, which has raised $13 million in record time, which is an impressive result considering we are in the middle of the longest winter in crypto history.

The pre-sale continues to attract investor interest, and those who wish to purchase IMPT can do so now before the project launches and the pre-sale ends.

Go to IMPT Pre-Sale

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Category: CRYPTO

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