IMPT is a cryptocurrency project that aims to build a decentralized platform for investing in projects and initiatives that address climate change. IMPT operates on the Ethereum blockchain, using smart contracts to provide secure and transparent investment transactions. The platform promotes social and environmental impact by enabling individuals and organizations to invest in projects that align with their values and goals.
The IMPT token is the primary currency used within the IMPT carbon marketplace, where all services are charged in IMPT tokens. On the platform, users can shop on the IMPT platform or buy products from different affiliates and get rewarded in IMPT tokens. These tokens can be converted into carbon credits. Moreover, holding IMPT tokens gives investors access to premium services such as trading opportunities and special non-fungible token (NFT) collectibles.
In the future, as the IMPT project transitions to complete decentralization, users who hold IMPT tokens will have the opportunity to participate in governance voting through a decentralized autonomous organization (DAO), enabling them to have a say in shaping the future of the platform.
Who Are the Founders of IMPT?
The co-founders of IMPT are Denis Creighton, Mike English and Hugh Phelan.
What Makes IMPT Unique?
IMPT uses blockchain technology as an immutable ledger to record transactions and tracks assets in the network business, offering a secure and transparent process for tokenizing carbon assets.
By exploiting a decentralized blockchain database, companies can prevent fraud and double-counting, which are significant problems in carbon trading. Using coded rules in blockchain also sets boundaries on what participants are allowed to do, making fraud more difficult and costly.
The platform converts carbon credits into NFTs, enabling investors to verify the credits' storage addresses and disposition status.
In addition, the IMPT Token platform allows companies to generate certified documents that serve as reliable proof of their carbon offset commitments. This feature is essential for companies that want to demonstrate their commitment to promoting sustainability and protecting the environment. These validated certificates assure stakeholders that the carbon credits claimed are valid and supported by the secure and transparent IMPT Token platform.
How Many IMPT Coins Are There in Circulation?
At the time of writing, there are over 1.3 billion IMPT coins in circulation, which is around 44% of the total supply.
How Is the IMPT Network Secured?
IMPT leverages the advantages of blockchain technology, which provides an immutable ledger to facilitate transaction recording and asset tracking within a business network. This solution offers a way to tackle the current challenges of carbon offsetting. By tokenizing carbon assets, the industry can benefit from secure and transparent records at every stage, from creation to sale and retirement. This approach enables companies and organizations to provide certified documents that can be verified proof of their carbon offset commitments, supported by immutable blockchain transactions accessible to everyone.