CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

IMPT.io: When does the carbon credit marketplace go live and when does registration open?

By Darius McQuaid

Edited by Charlie Mellor

13:51, 5 January 2023

A pair of hands surround a leaf
IMPT has been listed Gate.io, which is also offering IMPT staking – Photo: Getty Images

The cryptocurrency carbon trading platform IMPT.io (IMPT) has announced that registration for its marketplace will begin in the next two weeks.

The news was released via a Business2Community report that IMPT.io confirmed by retweeting the article.

Registration for the IMPT.io marketplace will open on 18 January with the marketplace set to go live on 15 February.

IMPT.io – which is dedicated to carbon credit trading and shopping rewards – has also undergone a full-scale rebrand ahead of its global launch.

BTC to USD

Listed on Gate.io

In the run up to the marketplace launch, the centralised crypto exchange (CEX) Gate.io has listed IMPT, as well as offering IMPT staking.

XRP/USD

0.54 Price
+4.370% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BCH/USD

505.05 Price
+4.180% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

ETH/USD

3,537.56 Price
+13.960% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BTC/USD

69,687.95 Price
+5.050% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

As of 12:40 GMT on 5 January, IMPT was trading at $0.0108, up by 1.02% compared with the previous day, according to CoinMarketCap. This rise comes two days after the Gate.io announcement.

What is your sentiment on BTC/USD?

69687.95
Bullish
or
Bearish
Vote to see Traders sentiment!

IMPT aims to ‘reduce carbon emissions and help our planet’

According to CoinMarketCap, the aim of IMPT is to connect the platform’s “users with hundreds of impactful environmental projects around the world with the purpose to reduce carbon emissions and help our planet”. It added:

“IMPT also engages thousands of the largest retail brands that allocate a specific percentage of sale margin for environmental projects. It is accumulated in users’ accounts in the form of IMPT tokens. The users accumulate these tokens till they reach the necessary amount of the carbon credit of their choice. As a result, users can continue with their normal shopping while helping the planet.”

In addition, the IMPT whitepaper explains: “We tokenise carbon credits, so users receive them in the form of non-fungible tokens (NFTs).

“The NFTs are further displayed in a decentralised ledger that can be tracked by users, thus ensuring transparency and traceability. When the user retires carbon credits, burned NFTs are sent to a null address, ultimately eliminating their NFTs from circulation. The blockchain records this transaction and the NFT is no longer available.

“As all transactions between platform participants are recorded on a distributed ledger, they are almost impossible to tamper with, which helps us avoid fraud and double counting. Moreover, when users retire their carbon credits, they receive unique NFTs created by artists. The users can trade these NFTs on the marketplace.”

Related topics

Rate this article

Related reading

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 610,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading