MISSION STATEMENT

The vision of IMPT.io is to offer simple, affordable, and effective mechanisms that would help each member of society combat climate change and invest in our planet. Their ambition is to help each individual and each organization make an impact effectively while becoming carbon-neutral or even carbon-negative.

IMPT.io believes that making a contribution to the environment should be affordable to anyone regardless of whether or not an individual or organization is capable of purchasing carbon credits. More than 10,000 of the biggest retailers around the world will join IMPT.io with over 2 billion individual projects. Each retailer is ready to allocate a specific percentage of sales margin for environmental projects. Users will get sales margin from each purchase they make in the form of IMPT tokens. When they reach the necessary amount, they will exchange them for carbon credits. This way each member of society will be able to help the planet simply by doing their regular shopping.

IMPT.io will connect people with the most impactful and reliable environmental projects around the world with the ultimate goal to reduce carbon emissions and make positive changes to the environment. Meanwhile, we will ensure a secure and transparent ecosystem that motivates users to reduce their carbon emissions and rewards them for retiring their carbon credits.

They want to help each person not only offset their carbon footprint but also measure their impact. Therefore, we will establish the first global loyalty program that verifies how impactful we all are. In it, users will be able to earn points for their environmental initiatives and track their impact.

Introduction to carbon credits

Carbon credits, also known as carbon offsets, are permits that represent carbon emissions removed from the atmosphere. A carbon credit can be referred to as a mechanism that provides for reducing greenhouse gas emissions. One carbon credit permits the emission of one ton of carbon dioxide.

1 Carbon Credit = 1 Ton of CO2

Carbon credits are generally purchased by individuals or, more commonly, companies with the goal to make up for carbon emissions that come from industrial production, delivery vehicles, and travel.

Carbon credits can be created by any certified climate action project that reduces, destroys, or captures emissions. Individuals and organizations that want to offset their carbon emissions can purchase these credits either through a middleman or those directly capturing the carbon. This way carbon credits become an efficient tool for businesses to reduce the carbon emissions they produce.

The International Carbon Reduction and Offsetting Alliance has established a set of best practices for carbon offsets claiming that they should be measurable (meaning that all the carbon reduction should be quantifiable), permanent (representing permanent emission reductions), unique (no more than one carbon credit can be associated with a single emission reduction), and independently verified by third parties.

Overview of the current carbon credits market

The global carbon offset market is considered to be a billion-dollar industry. It is determined to minimize carbon emissions to battle climate change and ensure the sustainable development of the planet for future generations. 11

The total carbon offset market comprises mandatory and voluntary markets, which are valued at around $271 billion and appr. $2 billion (as of 2021).

Mandatory carbon offsets are normally leveraged by organizations or governments that are required to account for their carbon emissions by law.

The voluntary carbon market (VCM), on the other hand, functions outside of compliance markets and is viewed as a more popular carbon offset market. It empowers businesses and individuals to buy carbon offsets on a voluntary basis with no intended use for compliance purposes.

In recent years, a strong growth trajectory for the VCM has been registered. This is because the focus on mitigating climate change has increased as well.

The VCM grew in value towards $2 billion in 2021. This quadrupling in market value from 2020 was driven by an acceleration of nature-based solutions trading volume and higher prices for these and other projects with non-carbon environmental and social benefits, such as clean cookstoves and water purification devices.

VCM has already topped the $2 billion mark in 2022. Growth has been driven by both higher prices and stronger demand for carbon credits, with nearly 500 million credits traded in 2021, at an average price of $4 per ton– up 60% year on year.

Carbon pricing

The key type of carbon pricing is achieved via Emissions Trading Systems (ETS). They make it possible to trade carbon emission units in the carbon market and create a market price on these emission units that are determined by their supply and demand.

In 2022, it is estimated that carbon pricing initiatives will cover 11.83 GtCO2e, representing 23.1% of global GHG emissions.

On a global scale, 68 carbon pricing initiatives have been introduced. They covered 46 national and 36 subnational jurisdictions.

Market value of mandatory carbon offsetting market in 2021 is estimated at $271 billion, with the EU and UK ETS – two schemes with the highest carbon prices – making up 63% of that value while accounting for less than 20% of the covered emissions.

Future of carbon credits

The demand for carbon credits will continue to rise. It is estimated that the volume of credits required globally will increase at least 20-fold by 2035. The increase in credit volumes will lead to rising supply costs. It is projected that prices for credits could rise to a central estimate of $80-$150 per ton by 2035. Yet, these numbers could become lower if technology costs fall more rapidly or if the global abatement effort is less ambitious.

The price trajectory has significant implications, as the price of carbon credits is directly associated with society’s willingness to combat climate change.

According to the Intergovernmental Panel on Climate Change, limiting global warming to 1.5C above pre-industrial levels will require carbon emissions to be removed from the atmosphere. Yet, it is not clear which technologies will be able to remove carbon from the atmosphere at scale, and the costs of doing so.

Tightening national carbon emissions budgets will likely make governments impose more stringent regulatory requirements, which in turn will reduce the space for ‘voluntary carbon commitments’. Moreover, tightening carbon emissions budgets will require organizations to use high-integrity carbon credits to meet regulatory obligations, particularly after 2035.

It is also projected that the supply of carbon credits will become more standardized due to the competitive pressures and the requirements to scale up supply. Overall, the demand for carbon credits could increase by a factor of 15 by 2030 and by a factor of up to 100 by 2050. Meanwhile, the market for carbon credits could reach more than $50 billion in 2030.

Blockchain as a solution to carbon offset challenges

IMPT.io relies on blockchain technology — the immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. It is an efficient solution that can solve the current carbon offset challenges.

Carbon assets tokenization would allow the industry to benefit from secure and transparent records — from generation to sale to retirement. It will allow companies and organizations to provide official certificates that can be used as verified proof of their carbon offset initiatives, backed by immutable blockchain transactions that anyone can view.

Many features of the carbon trading market are really similar to the blockchain mechanism. Blockchain is a decentralized database, which can be viewed as a form of existence of data while carbon trading is the use of data. Its main goal is to assess, store, trade, and manage carbon emissions.

Blockchain allows companies to avoid fraud and double-counting — the fundamental problems of carbon trading. By using a distributed ledger that all network participants agree on and can read and write to, blockchain ensures that no network participant — even if completely unknown — can spend more than they have or spend what they have more than once.

The ‘chaining’ of public information back to inception on a blockchain makes committing fraud in the state of the assets on the chain incredibly difficult and expensive because coded rules set boundaries on permitted actions by participants, and all network participants can observe all actions, including nefarious actions of other participants.

As soon as the carbon credits are minted into NFTs, anyone can see the addresses that hold them and whether a particular credit has been retired or not. Protocols typically have a burning mechanism that permanently and irreversibly removes a retired NFT from circulation, thus making it impossible to resell retired credits.

The amount of NFTs is tamper-proof and fully controlled by the NFT issuer. Technically speaking, it requires control over a private cryptographic key, which allows signing transactions on the blockchain. The issuance of new credits is then tied to a cryptographic proof of the right, making it statistically impossible for a third party to create new NFTs or tokens under the same identifier. Similarly, it is easy to detect fake NFTs or tokens, as these would link to a different identifier.

The use of blockchain technology can also ensure anonymity and traceability. This means that while transfers between public addresses and the resulting balances can be easily tracked and verified, the address holders typically remain anonymous unless their identity is explicitly disclosed. This is in contrast to traditional financial transactions, including registries, that rely on a prescriptive, check-the-box KYC process prior to any engagement.

It is important to distinguish between the primary and the secondary market. Once on-chain, credit transfers would no longer necessarily involve KYC. The public traceability function of blockchains, in fact, offers unprecedented transparency into the transfers and balances of secondary market participants for registries. Anyone can check the blockchain at any time.

How does IMPT.io revolutionize the carbon credits market?

The IMPT.io ecosystem brings a true revolution to the carbon credits market by making carbon removal affordable for each member of society. They want to connect individuals and businesses with the goal to join our efforts and combat climate change together.

IMPT.io offers 3 effective scenarios where each individual and each organization can contribute to positive climate change.

1. Scenario

An organization wants to reduce its carbon footprint. To do this, they can purchase carbon credits on the IMPT.io platform choosing from hundreds of credible environmental projects that make an impact. Moreover, individuals shall understand that practically any item they use on a daily basis (clothing, furniture) was made causing carbon emissions. Therefore, environmentally-conscious individuals can purchase carbon credits on IMPT.io to offset their carbon footprint.

2. Scenario

An individual wants to contribute to climate change, yet they cannot afford to purchase a carbon credit. IMPT.io has got it covered by implementing an online shopping widget. IMPT.io will partner with 10,000+ of the world's retailers that will allocate a specific sales margin from each purchase on impact projects. This sales margin will be converted to IMPT tokens and stored in the user account. When there are enough IMPT tokens, users can redeem carbon credits from the platform. Users can also shop the traditional way with our app and accumulate a sales margin from all their purchases. This way each person will be able to make an impact while doing their regular shopping and purchasing from their favorite brands.

3. Scenario

A retail brand or a service provider wants to solve the environmental issues we’re facing today. To do this, they can simply connect their online or offline store to the project and allocate a specific sales margin that would go to impact projects. As a result, retailers and service providers will be able to make a positive impact on the environment without making any specific changes in their business model.

Ecosystem components

IMPT.io carbon marketplace

IMPT.io carbon marketplace is based on the principles of transparency, traceability, security, and affordability. They want to provide all individuals and businesses with an opportunity to get carbon credits and reduce their carbon footprint.

Credible environmental projects to choose from

IMPT.io's platform will feature hundreds of the largest global carbon credit projects that help prevent or reduce carbon emissions. The current carbon market sets specific requirements for projects, which they must meet. There are currently two major players that certify projects: Verra's Verified Carbon Standard and Gold Standard. Each standard maintains a centralized registry with a list of all its projects, and the issued and retired credits associated with each project. IMPT.io strictly follows carbon credit regulations and standards and onboards only certified projects that have passed the audit and adhere to all the requirements of the carbon market.

IMPT.io provides users with different types of environmental projects from all over the world. This way each user will have a variety of options on how to offset carbon emissions. It can be forest protection from deforestation, projects that recover energy (solar, hydro) through various sources, carbon storage projects, methane capture, and more. Users will be able to choose any of the projects they like or are most interested in.

Simple carbon credit tokenization process

The entire tokenization process of the carbon credit will be on the IMPT.io side to minimize errors for those who want to get NFT. Once on their platform, the carbon credit is tokenized and the user receives it in the form of NFT. To ensure the uniqueness of the carbon credit and avoid the problem of double spending, from the moment of tokenization the carbon credit will exist only in the form of NFT, which will be displayed in a decentralized registry and can be tracked by users. A public blockchain is a safer and more transparent way to keep track of carbon assets.

A variety of opportunities to use carbon credits

IMPT.io carbon marketplace will allow users to not only buy but also sell tokenized carbon credits. Users will be able to list their NFTs in IMPT.io's marketplace and trade them. All purchases and sales on their marketplace will be done with their unique IMPT.io token. A user can also save their tokenized carbon credits for investment purposes in the future. Environmentally conscious users who want to contribute to positive climate change can burn their NFTs on their platform, thus reducing their carbon footprint and offsetting some of the carbon emitted into the atmosphere.

Zero fraud and double counting

By using blockchain IMPT.io can eliminate fraud and double counting on the platform. As soon as the carbon credit token is retired, it will be permanently removed from the data ledger and will no longer be considered available. Burned NFTs are sent to a null address, ultimately eliminating your NFT from circulation. However, transactions leading up to the burn will remain on the blockchain ledger, which ensures transparency and traceability. The NFT burn transacts as a public, irreversible, and permanent transaction on the blockchain ledger. The blockchain records this transaction and the NFT is deemed no longer available.

User rewards for reducing carbon emissions

To reward users who will be contributing to reducing carbon emissions, IMPT.io envision introducing other unique NFTs created by artists, which users can receive after burning their carbon credit token. These tokens will have shared ownership between the user who burned the carbon credit tokens and the artist who created the design for the collectible NFTs. In the future, the user can also choose whether to keep the token or sell it to other users on the marketplace.

Token Details

The IMPT token is deeply tied to the project ecosystem and is the core utility token and currency of the IMPT.io platform and future marketplace.

The first round of sales was successfully completed for our early investors. The first 300,000,000 IMPT tokens have been sold.

But lots of people still have a great chance to participate in the presale round and invest in the project in its early stages, while getting IMPT tokens at the best price. There will be three more rounds of IMPT token presales.

Token use cases

There are multiple ways to use the token to help you understand its importance:

1. Payments in the IMPT.io platform.

The main use of the IMPT token is as the currency in the IMPT.io carbon marketplace. Every service offered within the IMPT.io carbon marketplace will be charged using the IMPT token. Users will be able to purchase NFT carbon credits and different products from various affiliated brands on the platform;

2. Unlocking advanced features.

Users who hold IMPT tokens will be able to unlock additional premium services on the platform. They will gain access to trading opportunities and special series of NFT collectibles.

3. Discounts on fees.

When using IMPT tokens on the shopping platform you will receive more sale margin in each of your purchases.

4. Participation in DAO.

The project will gradually move from its original structure to a fully decentralized one. Users will be able to participate in governance voting in the future as part of an upcoming DAO, allowing them to build the future of the IMPT.io platform.

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