Cryptocurrencies have recently been getting a bad rap due to the environmental impacts of some blockchains.
It is believed that Bitcoin alone consumes more energy than the whole country of Argentina, with a population of 45 million.
Well, today, investors are in with a rare chance to support a green project called IMPT, which is currently raising funds for the IMPT token at the presale stage.
The project helps individuals and businesses offset their carbon footprint easily and securely.
What's more is that IMPT.io runs on the Ethereum network, which recently reduced its energy consumption by more than 99%.
IMPT is considered a solution to many of the industry's biggest challenges. It leverages blockchain technology to address carbon market challenges with transparency, security, and reliability.
The company links brands with individuals and businesses who want to reduce their carbon footprint.
Users can buy, sell or retire carbon credits while avoiding problems associated with double counting and fraud.
The team has already done much of the hard work by onboarding thousands of brands and is now raising funds directly on its platform.
Users can either buy carbon credits directly from the platform or acquire them while doing their regular shopping with the 10,000+ brands that IMPT has already partnered with.
Carbon credits are tokenized, and users receive them in the form of non-fungible tokens (NFTs).
When users retire their carbon credits, burned NFTs are sent to a null address, thus removing them from circulation.
This whole process is recorded on the blockchain, which is almost impossible to tamper with, helping to avoid fraud and double-counting.This adds an extra layer of transparency to the project and ensures that the impact
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