There’s no more pressing issue now than that of climate change. World leaders are congregating at the COP27 summit to discuss the issue, which has become increasingly devastating these past few years. Time is running out and climate change has become an all-hands-on-deck matter, decentralized tech include.
For a long time, criticism was thrown at the crypto market for consuming a lot of energy. Now, however, projects like IMPT are proving that decentralized technology can play a critical role in offesting carbon emissions, all while proving benefits to stakeholders.
Offsetting Carbon Footprints with IMPT
It’s true that decentralized networks can consume a lot of power if they are based on Proof-of-Work-based consensus mechanisms. Many projects have moved away from this, however, and are working on eco-friendly solutions.
There is no better example of such a project than IMPT, which is building a carbon credits platform that can bring individuals, businesses, and brands together to limit the effects of climate change. The project has quickly made an impact with its presale, which is currently in its second stage. In the first stage, it raised $1 million in just 3 days.
The project is built by a team that is very eco-conscious. The idea is to create a platform where all activities in some way contribute to offsetting carbon footprints. It’s first and foremost a social project, and to that end, has many features.
The project is creating a large ecosystem where brands, businesses, and individuals use blockchain technology to buy, sell or retire carbon credits. Stakeholders can also choose from hundreds of environmental projects to support.
The carbon credits themselves are minted into NFTs, which can then be traded on a marketplace. If these carbon credits are burnt, it creates a collectible NFT, which is a nice way to mark the event.
Another major feature is the shopping platform. Here, brands can offer their products and services to users, who can earn IMPT tokens for making purchases. These can be used to purchase carbon credits. Businesses can also dedicate a portion of the sales margin towards offsetting carbon footprints.
There will also be a social platform where users can track their scores based on activities in the ecosystem. They can also earn IMPT points here, while business owners can even earn points by integrating their stores onto the platform.
😍 Hurry Up – the #IMPT presale is selling out fast 😍
Grab some $IMPT now and become a part of the #IMPT Crew now ⬇️ https://t.co/8KSvC4GHjF#presale #crypto #environment #cryptocurrency pic.twitter.com/GLfABm8Zr1
— IMPT.io (@IMPT_token) November 6, 2022
IMPT is also conducting the second stage of its presale at the moment, with 1 IMPT token priced at $0.023. There will be a total of 660 million IMPT tokens available at this stage. The final presale will have 540 million tokens sold at $0.028.
IMPT Can Help in the Fight Against Climate Change
Every contribution matters in the fight against climate change, and IMPT knows that individuals and businesses together must play a part. It has designed a clever system where carbon can be offset by simply participating in a common activity, while also creating a system that encourages offsetting carbon footprints. In the future, there will be more projects that will be inspired by IMPT’s design, if not explicitly then at least in some form.