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IMPT

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Discover IMPT's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is IMPT?

IMPT is a cryptocurrency launched in 2021, operating on the Ethereum platform. It aims to create a greener kind of crypto by fusing non-fungible tokens (NFTs) and carbon credits. The token is designed to help run the system, with users paid out in IMPT and using it to buy carbon credit NFTs. The platform promotes social and environmental impact by enabling individuals and organizations to invest in projects that align with their values and goals.

How is IMPT used?

The IMPT token is designed to support the IMPT ecosystem, which aims to reduce carbon emissions by linking socially responsible brands with individuals and businesses seeking to minimize their carbon footprint. Here are the key ways the IMPT token is used:

  1. Purchasing Carbon Credits: Users can buy carbon credits using IMPT tokens, which are then used to offset carbon emissions. These credits are sourced from certified climate action projects that reduce, destroy, or capture emissions.

  2. Marketplace Transactions: The IMPT token is used to facilitate transactions within the marketplace, where users can buy, sell, or retire carbon credits. This ensures transparency and avoids double counting and fraud.

  3. Loyalty Program: IMPT has a loyalty program with three levels of membership (Platinum, Gold, and Silver), offering benefits to token holders who support environmentally friendly practices.

  1. Discounts and Rewards: Using IMPT tokens on the shopping platform provides discounts on fees and rewards for eco-conscious shopping, incentivizing users to make environmentally friendly choices.

  2. NFTs and Collectibles: When users burn their carbon credit tokens, they receive unique collectible NFTs, which can be traded in the marketplace. These NFTs are designed by artists and share ownership between the user and the artist.

Overall, the IMPT token plays a central role in promoting sustainable practices and reducing carbon emissions by providing a secure and transparent platform for carbon credit transactions and rewards.

How do I store IMPT?

To store IMPT tokens, you can use a digital wallet that supports the Ethereum blockchain, as IMPT is an ERC-20 token. Here are the steps to follow:

  1. Choose a Wallet: Select a reliable digital wallet that supports Ethereum, such as Trust Wallet. You can download the wallet app or access it through a web interface.

  2. Get the Contract Address: Go to the IMPT presale website and scroll to the bottom to find the contract address. Click on the "Copy" button beside the address.

  3. Add the Token: Open your Trust Wallet and click on the two-line symbols. Paste the copied contract address to add the IMPT token to your wallet.

  1. Store Your Tokens: Once the token is added, you can store your IMPT tokens securely in your wallet. Make sure to keep your wallet private keys and passwords safe to protect your assets.

By following these steps, you can safely store your IMPT tokens and manage your cryptocurrency investments effectively.

How to buy IMPT?

To buy IMPT tokens, you need to follow these steps:

  1. Choose a Reliable Exchange: Find a reliable centralized exchange (CEX) or decentralized exchange (DEX) that supports IMPT trading. Some popular options include UNISWAP, LBANK, GATE, BITMART, and COINSTORE.

  2. Purchase a Base Currency: Buy a base currency like USDT, ETH, or BNB that can be easily purchased with fiat currency. This can be done through the exchange's website or app.

  3. Transfer Base Currency to the Exchange: If you purchased the base currency on a different platform, transfer it to the exchange that supports IMPT trading.

  1. Buy IMPT Tokens: Use the base currency to buy IMPT tokens on the exchange. Ensure the exchange supports the trading pair you need, such as IMPT-USDT.

  2. Store Your Tokens: Once you have purchased IMPT tokens, store them securely in a crypto wallet. Make sure to keep your seed phrase and wallet address safe.

Remember to always follow the specific procedures and guidelines provided by the exchange you choose, and be cautious of scams and market risks.

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History of IMPT

The history of IMPT (IMPT) is marked by significant milestones and developments. Here are the key events:

Token Sale and Launch

IMPT conducted its token sale from October 3, 2022, to December 11, 2022. During this period, 600 million IMPT tokens were sold at a price of $0.018 per token, raising $10.8 million. The total supply of IMPT tokens is capped at 2.209 billion.

Platform Development

By the end of 2022, the IMPT platform aimed to launch its smart contracts, non-fungible tokens (NFTs), and complete its presales. Additionally, it planned to create a market prototype, develop a community, and carry out marketing activities. By the end of March 2023, the presales were expected to be complete, with an airdrop of IMPT tokens and merchandise available for purchase. The token was scheduled to be available on the open market by the end of June 2023.

Market Listing and Performance

IMPT is listed on various cryptocurrency exchanges, including Coinbase. Its market capitalization and trading volume have fluctuated over time, reflecting the dynamic nature of the cryptocurrency market.

Current Status

IMPT is a decentralized platform focused on addressing climate change through investments in projects and initiatives. It operates on the Ethereum blockchain, using smart contracts to ensure secure and transparent transactions. The IMPT token is the primary currency within the platform, allowing users to shop, buy products, and earn rewards in IMPT tokens, which can be converted into carbon credits. As the platform transitions to complete decentralization, users holding IMPT tokens will have the opportunity to participate in governance voting through a decentralized autonomous organization (DAO).

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How IMPT works

The IMPT token is a utility token designed to support projects and initiatives that reduce greenhouse gas emissions. It operates on the Ethereum blockchain, leveraging the proof-of-stake consensus mechanism, which significantly reduces energy consumption compared to traditional proof-of-work mechanisms.

Token Distribution and Presales

IMPT has a total supply of 3 billion tokens. The distribution is divided into several categories: 15% for ecosystem development, 5% for the team, 10% for marketing, 10% for early adopters, and three presales, each selling a significant portion of the tokens. The presales aim to raise funds for the development of the platform.

Carbon Credit Tokenization

IMPT tokenizes carbon credits in the form of non-fungible tokens (NFTs), allowing them to be stored on the blockchain. This innovative approach enables individuals to buy, sell, or retire carbon credits while avoiding double counting and fraud. The platform connects socially responsible brands with businesses and individuals who want to reduce their carbon footprint.

Marketplace and Social Platform

The IMPT platform includes a marketplace where users can buy and sell carbon credits as NFTs. Additionally, a social platform allows users to track their environmental impact and earn points. Brands that contribute more to climate-saving projects receive recognition via higher impact points. Users are incentivized to offset their carbon emissions by receiving rewards for burning their tokenized carbon credits, which are replaced by unique, collectible NFTs.

Business Model

IMPT generates revenue by taking a 10% commission on all activities within the platform, including purchasing carbon credits, shopping, selling tokenized carbon credits, and trading art NFTs. This model supports the continued development and growth of the platform.

Key Features
  • Utility Token: IMPT tokens are used to support projects and initiatives that reduce greenhouse gas emissions.
  • Carbon Credit Tokenization: Carbon credits are tokenized as NFTs, allowing for secure and transparent trading.
  • Marketplace: Users can buy and sell carbon credits as NFTs.
  • Social Platform: Users can track their environmental impact and earn points.
  • Incentives: Users are rewarded for offsetting their carbon emissions with unique, collectible NFTs.
  • Business Model: IMPT generates revenue through a 10% commission on all platform activities.

Overall, IMPT aims to create a greener kind of crypto by fusing non-fungible tokens and carbon credits, providing a unique and innovative solution for environmentally conscious individuals and businesses.

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IMPT's strengths

The token IMPT (IMPT) has several strengths that make it an attractive investment opportunity:

  1. Environmental Impact: IMPT connects users with hundreds of impactful environmental projects worldwide, focusing on reducing carbon emissions and promoting sustainability. This aligns with the growing global concern for climate action and environmental responsibility.

  2. Utility and Functionality: The IMPT token is deeply tied to the project ecosystem and serves as the core utility token and currency of the IMPT.io platform and future marketplace. It provides discounts on fees when used for purchases, and users can earn IMPT tokens through shopping and redeem them for carbon credits.

  3. Market Potential: The carbon credit market is projected to grow significantly, with an expected value of $402 billion by 2031. IMPT democratizes and decentralizes the carbon credit ecosystem, allowing brands and shoppers to autonomously offset their carbon footprint without intermediaries.

  1. Strong Partnerships: IMPT has partnered with prominent brands such as Microsoft, Samsung, Amazon, Dominoes, Macy's, and TripAdvisor, which adds credibility and potential for widespread adoption.

  2. Scoring System and Social Platform: IMPT's scoring system tracks users' environmental impact, and the planned social platform will make user efforts publicly visible, encouraging companies to be more environmentally conscious.

  3. Blockchain Technology: IMPT is built on the Ethereum network, which has significantly reduced its carbon footprint. This ensures a more sustainable and transparent platform for carbon credit transactions.

These strengths position IMPT as a unique and innovative project that addresses a pressing global issue while offering a promising investment opportunity.

IMPT's risks

IMPT, as a cryptocurrency project, is exposed to various financial risks that can impact its value and stability. Here are some of the key financial risks associated with IMPT:

  1. Market Risk: IMPT's value can fluctuate significantly due to changes in market conditions, such as shifts in supply and demand, global economic trends, and regulatory changes. This volatility can lead to significant losses for investors.

  2. Liquidity Risk: IMPT's liquidity can be a concern, particularly if there are not enough buyers or sellers in the market. This can make it difficult for investors to quickly convert their assets into cash, potentially leading to significant losses.

  3. Credit Risk: If IMPT is used for lending or borrowing, there is a risk that borrowers may default on their loans, leading to financial losses for lenders.

  1. Operational Risk: IMPT's operations can be affected by internal factors such as mismanagement, technological failures, or human errors, which can impact its financial stability.

  2. Regulatory Risk: Changes in regulatory policies or laws can negatively impact IMPT's operations and value. Governments may impose stricter regulations or even ban certain types of cryptocurrencies, leading to financial losses.

  3. Speculative Risk: IMPT's value can be influenced by speculative activities, such as market manipulation or hype, which can lead to significant price swings and potential losses for investors.

  1. Currency Risk: As a cryptocurrency, IMPT is exposed to currency risks, particularly if it is traded against other currencies. Changes in exchange rates can impact its value and lead to financial losses.

  2. Default Risk: If IMPT is used for investments or loans, there is a risk that the counterparties may default on their obligations, leading to financial losses.

  3. Volatility Risk: IMPT's value can be highly volatile, making it difficult for investors to predict its future performance. This volatility can lead to significant losses if investors are not prepared.

  1. Systemic Risk: IMPT, as part of the broader cryptocurrency market, can be impacted by systemic risks such as a global financial crisis or a collapse of the entire cryptocurrency market.

It is essential for investors to carefully assess these financial risks and develop strategies to mitigate them in order to make informed investment decisions about IMPT.

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IMPT's ecosystem

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IMPT’s team

  • Denis Creighton: CEO of IMPT, with over 30 years of experience in the technology industry, particularly in financial services, business process outsourcing, and telecommunications services.
  • Mike English: CTO and Co-Founder of IMPT, with a background in the technology industry, including positions at Google, Oracle, and Tesco, and expertise in decentralized technologies.
  • Hugh Phelan: CLO of IMPT, overseeing regulatory compliance related to blockchain and smart contracts, with extensive experience in corporate law.
  • Lorna Mason: CFO of IMPT, a seasoned accountant with experience as a Group Finance Director in various industries, including tech, pharma, and manufacturing.
  • Vikas Kalyankar: Retail Development Manager, skilled in cultivating strategic partnerships and managing affiliate networks within the online retail sector.
  • Ana Borges: Offline Retail Manager.
  • Kevin: Social Media Manager, responsible for engaging with the community and collaborating across internal departments.
  • Kamila: Junior Graphic Designer, responsible for creating imagery and graphics for IMPT.
  • Dimitri: Handles affiliates and partners relationships.

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