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 token: Hyped up eco-token set to go live on LBank today

By Alara Jordan

Edited by Charlie Mellor

12:01, 14 December 2022

The IMPT.io platform's name appears on green background surrounded by trees and images of the Earth
Users can offset their carbon footprint by acquiring non-fungible tokens on the IMPT.io marketplace – Photo: Shutterstock

Carbon offsetting platform IMPT.io is set to go live with its highly-anticipated IMPT token on the LBank exchange today.

The eco-friendly token – which has been built on the Ethereum (ETH) blockchain – promises a sustainable project for investors as it aims to help users offset their carbon emissions by accumulating IMPT tokens.

ETH to USD

Investors can then convert their tokens into carbon credits on IMPT.io’s platform, which will be issued as non-fungible tokens (NFTs), and then trade them on IMPT’s marketplace or acquire a new NFT with unique artwork.

IMPT.io went live with its initial token presale in October with a price of $0.018, and raised more than $1m in the first 72 hours of its presale.

Its second token presale went live with a slight uplift in price, set at $0.023, but that didn’t seem to stop investors, with IMPT raising more than $20.5m in its total presale capital.

Measuring environmental impact 

IMPT has gathered significant attention from users looking to take part in impactful environmental projects around the world with the purpose of reducing carbon emissions. 

XRP/USD

0.58 Price
-8.930% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

DOGE/USD

0.12 Price
-3.250% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

ETH/USD

3,414.15 Price
-0.160% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BCH/USD

377.90 Price
-0.080% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50

The blockchain firm currently works with myriad businesses, such as Microsoft (MSFT), Amazon (AMZN), and Samsung (SMSN).

It is aiming to partner with 10,000 retailers to help raise awareness and develop greater consciousness of how every individual can reduce their carbon footprint, especially in a sector where mining and minting new coins can consume a lot of electricity.

It’s highly-anticipated token will be available to all users of LBank Exchange today, with the IMPT/USDT trading pair set to be officially available for trading at 10:00 UTC.

The token will also be listed on decentralised exchange (DEX) Uniswap (UNI), although a confirmation date is yet to be announced. 

IMPT.io chief executive officer Denis Creighton previously said that in addition to listings already agreed with centralised exchanges LBank and Uniswap, a further seven exchanges are also in the pipeline.

Markets in this article

AMZN
Amazon.com Inc (Extended Hours)
182.87 USD
-5.29 -2.810%
MSFT
Microsoft Corp (Extended Hours)
436.57 USD
-7.03 -1.580%
SMSN
Samsung
1567 USD
9 +0.580%
ETH/USD
Ethereum / USD
3414.15 USD
-5.57 -0.160%
UNI/USD
Uniswap / USD
7.77939 USD
-0.28214 -3.520%

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 630,000+ 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