As Crypto Prices Crash, This Eco-Friendly Coin is Pumping Hard
Crypto prices across the board have been suffering over the course of the last few days.
The meltdown of FTX has been a complete disaster for the industry, as one of the largest crypto market makers and one of the largest crypto hedge funds took out an extreme amount of leverage and then stole their clients' deposits.
One of the main goals of the IMPT ecosystem is to completely change the way that carbon credits are handled, and to set an example to the rest of the industry.
As of now, carbon credits are issued in a rather opaque manner by centralised counter parties, and can only be used to incentivise companies to reduce their carbon emissions.
The goal of IMPT is to ensure that consumers also have a financial incentive to reduce their carbon emissions. Companies that aren't pollutant and have high ESG scores are onboarded to the IMPT platform.
If users choose to buy at these companies through the IMPT shopping widget they can earn IMPT tokens as cash back, which can then be redeemed for carbon credits as NFTs using smart contracts.
The process of redemption involves burning the IMPT, meaning that the supply is constantly decreasing over time.
One of the most significant trends over the course of the last few years has been the trend of green investing and ESG.
The nexus of ESG investing and the world of cryptocurrencies ought to be a natural one, since there are so many ways that the two industries overlap.
The IMPT team have currently managed to onboard over 25,000 companies to their shopping platform through their affiliate programme.
Industry giants such as Microsoft, Netflix, Amazon, River Island, and Macy's have all been onboarded, meaning that consumers can now be rewarded at a range of ESG compliant companies
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