The article below is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.
Sustainability is an increasingly important topic. This is due, among other things, to the rapid warming of the earth and the effects that we are beginning to feel. Many companies are now starting to implement measures to reduce their carbon footprint and become ‘greener’. Cryptocurrency projects are no exception.
With that in mind, in this article we look at five sustainable crypto projects. We discuss what the projects are, what they do and how they successfully contribute to energy efficiency. We also discuss why these sustainable crypto coins can be a good long-term investment.
The 5 Most Sustainable Cryptocurrency Projects in 2022
Below you will find five of the best sustainable crypto projects currently available. Each of the projects has its own approach in the fight against climate change, and is an alternative in its own way Bitcoin.
We discuss sustainable crypto in the following sections, highlighting why the sustainable cryptocurrency in question is an interesting investment for conscious investors.
- IMPT (IMPT) – The most sustainable cryptocurrency to buy in 2022
- Ethereum (ETH) – Sustainable crypto with large number of users
- Chia (XCH) – Innovative Blockchain network with unique consensus protocol
- Polygon (MATIC) – Leading blockchain eager to be sustainable
- Algorand (ALGO) – Carbon Negative and Sustainable Cryptocurrency Project
A further analysis of the most sustainable crypto projects
Now let’s see why the sustainable crypto above claims the title of sustainable crypto coins and alternative to Bitcoin.
1. IMPT (IMPT) – The most sustainable cryptocurrency to buy in 2022
At the top of our list of sustainable cryptos is IMPT project. This is an ecosystem built on blockchain that focuses on enabling the buying, selling and trading of carbon credits.
IMPT goes one step further and also allows individuals to earn carbon credits themselves from everyday activities such as shopping.
According to IMPT white paper this is achieved through collaborations with more than 10,000 iconic brands, including Apple, Adidas, Microsoft and many more. Each of these brands will donate a percentage of their revenue from a sale to charities and projects with a sustainable impact. The surrendered percentage of the item will then be received by the buyer as $IMPT tokens.
The most notable thing about this approach is that consumers can exchange their earned $IMPT tokens for carbon credits, which are styled as NFTs on the blockchain. This allows the CO2 credit NFTs to be traded freely via the IMPT marketplace and users can also benefit from, for example, if the value increases.
An alternative is for consumers to ‘destroy’ their carbon credit NFTs. These are then removed from storage and as a reward the user receives a unique piece of digital art as an NFT.
The above feature is the first in the ambitious plans for the IMPT project. The team also plans to launch an innovative social platform where users can track their own impact score. The more influence a person or company has, the higher the score.
The pre-sale of this one new crypto is currently taking place, and has raised more than €3 million in just a few days. IMPT tokens are available at a discounted price of only $0.018 per token. coin. As the presale progresses, the IMPT token price increases.
Do you want to know more about the Impact Project? Then visit the website or become a member official Telegram group.
2. Ethereum (ETH) – Sustainable crypto with large number of users
Another viable crypto and also a serious alternative to Bitcoin is Ethereum, the second largest cryptocurrency in the world. This coin is seen as one of the best cryptos to invest in, and with a recent upgrade, it also explicitly focuses on sustainable development.
This is also why Ethereum is so high on our list of sustainable cryptocurrencies. The transition of the network from a Proof-of-Work (Pow) to Proof-of-Stake (PoS) protocol is an important moment in the sustainability of cryptocurrency. According to the Ethereum blog, this achieves a reduction in energy consumption of up to 99.95%.
In addition, the upgrade to the PoS system has made Ethereum’s network more secure, as it is now more expensive to attempt to attack it. Ethereum (ETH) is a deserved second on the list of sustainable crypto and looks ready for the future. In fact, it is becoming an increasingly better alternative to Bitcoin, which still consumes a huge amount of energy and at the same time is slow compared to ETH.
3. Chia (XCH) – Innovative Blockchain network with unique consensus protocol
Chia is often described as green or sustainable crypto blockchain due to the unique way their mechanism works. They don’t use a PoW or PoS protocol, but something the Chia team calls ‘Proof-of-Space-and-Time’. This way of working also drastically reduces energy consumption.
Chia’s transactions are validated by implementing used and unused SSD and HDD space by users. The owners of this space ‘plot’ 10 GB of hashes on this space, and the hashes are later compared to the hashes generated there by a transaction – the user with a hash closest to the network ‘wins’ the block.
Chia’s team has also launched a Carbon Opportunities Fund to raise capital to develop a system for tokenization and carbon credit offerings in the future. In this respect, it resembles IMPT and wants to use the fund that has been launched, like IMPT, to make the market for CO2 credits more transparent and better, thus doing something positive for the climate.
4. Polygon (MATIC) – Leading blockchain eager to be sustainable
Polygon (MATIC) is another eco-friendly blockchain that uses the PoS protocol to maintain the network. Polygon therefore uses much less energy than Bitcoin, which operates on POW and is therefore a sustainable alternative to Bitcoin.
The Polygon team wants to go one step further in sustainability and has therefore written its own ‘Green Manifesto’. This includes how the Polygon team aims to have a positive impact on the environment. Among other things, they promise to be CO2-negative by the end of 2022.
On the website for Polygon (MATIC) you will also find current data on the network’s emissions, verified by KlimaDAO. It is a step in the right direction that sustainable crypto decides to be so open about this and investors can easily factor this into their decisions on sustainable crypto coins to invest in.
5. Algorand (ALGO) – Carbon Negative and Sustainable Cryptocurrency Project
Number five on our list of the best sustainable crypto is Algorand. This project is already carbon negative, meaning they remove more CO2 than they emit. Algorand is a provider of smart contracts and has its own blockchain. The mastermind behind Algorand (ALGO) is Silvio Micali, who won a prestigious Turing Award in 2012.
In April 2021, Algorand became the world’s first carbon neutral blockchain network – and currently they are even carbon negative. Algorand has achieved this by using part of the transaction costs of using the network to purchase carbon credits to reduce their carbon footprint.
Algorand has also partnered with ClimateTrade to help them set up their own carbon offset service. They also collaborate with a number of other eco-friendly companies and initiatives, such as EverForest and PlanDail. It is clear that Algorand is committed to sustainable growth.
How to buy IMPT Token – Step-by-step plan
IMPT token is one of the best sustainable crypto tokens in 2022, and our top choice as an alternative to Bitcoin or other cryptocurrency to invest in. Investors can buy IMPT at a significant discount by backing the project already during the crypto pre-sale phase.
If you are also interested in investing in a sustainable cryptocurrency, and would like to participate in a project that can grow significantly in the near future, you can follow the steps below:
- Step 1 – Install a Crypto Wallet: Install a crypto wallet—for example, the free MetaMask—that works with ERC-20 tokens.
- Step 2 – Buy Crypto (Optional): Investors can buy IMPT with fiat, but if you prefer crypto, you can also buy it from an exchange and send it to your wallet. Your best option is ETH which is available everywhere.
- Step 3 – Connect the wallet to IMPT Presale: Go to IMPT websiteclick on ‘connect wallet’ and follow the instructions to connect your wallet.
- Step 4 – Buy IMPT Tokens: Decide whether you want to use fiat or crypto for the purchase, enter how many IMPT tokens you want to buy and confirm the transaction.
The most sustainable crypto to invest in – Conclusion
We can conclude that there is a growth in the number of sustainable cryptocurrency projects and that there is now a choice between different sustainable crypto for the conscious investor. In this article, we have explained to you as best we can how each project approaches this.
As an investor, you want to participate in projects that are in the spotlight and that have the potential for rapid growth. The sustainable crypto IMPT is currently at the forefront of this. The ecosystem they create significantly accelerates the adoption of CO2 credits and makes this process accessible to individuals and businesses.
When you couple this with the social platform that IMPT is about to launch, it’s clear why the presale is so popular right now.
The above article is a submitted piece and is not the responsibility of Crypto Insider. This is not financial advice and our analysts are not financial advisors. Investment involves risks. Always consult an advisor when making financial decisions. The information and tips on this website are for educational purposes only.