The article below is a submitted piece and is not the responsibility of Crypto Insiders. This is not financial advice and our analysts are not financial advisors. Investing involves risks. Always consult an advisor when making financial decisions. The information and tips provided on this website are for educational purposes only.
Sustainability is a topic that is becoming increasingly important. This is partly due to the rapid warming of the earth, and the effects that we are starting to notice. 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 investment in the long term.
The 5 Most Sustainable Cryptocurrency Projects of 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 their own way Bitcoin.
We discuss sustainable crypto in the following paragraphs, 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 Huge 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 lay claim to 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 crypto is IMPT project. This is an ecosystem built on the blockchain that focuses on enabling buying, selling and trading of carbon credits.
IMPT goes even one step further, and also allows individuals to earn carbon credits themselves from day-to-day activities such as shopping.
According to the 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 proceeds from a sale to charities and projects with a sustainable impact. The ceded percentage on the item will then be received by the buyer as $IMPT tokens.
Most notable 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 carbon credit NFTs to be traded freely via the IMPT marketplace, and users can also benefit, for example, if the value rises.
An alternative is for consumers to ‘destroy’ their carbon credit NFTs. These are then removed from the stock, and as a reward the user receives a unique digital artwork as NFT.
The above function is a first in the ambitious plans of the IMPT project. The team also plans to launch an innovative social platform where users can track their own impact score. The more impact an individual or company has, the higher the score.
The presale of this new crypto is currently taking place, raising more than €3 million in just a few days. IMPT tokens are available for a discounted price of just $0.018 per coin. As the presale progresses, the IMPT token price increases.
Would you like to learn more about the Impact Project? Then visit the website or become a member of the official Telegram group.
2. Ethereum (ETH) – Sustainable Crypto with Huge Number of Users
Another sustainable 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.
That is also the reason 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 is also 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 the amount of energy used.
Chia’s transactions are validated by deploying used and unused SSD and HDD space of users. The owners of this space ‘plot’ 10GB 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 that of the network ‘wins’ the block.
Chia’s team has also launched a Carbon Opportunities Fund to raise capital to develop a system for tokenizing and offering carbon credits in the future. It resembles IMPT in this respect, and wants to use the fund that has been launched, just like IMPT, to make the market for carbon credits more transparent and better and thus do 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 consumes much less energy than Bitcoin, which works on POW and is therefore a sustainable alternative to Bitcoin.
The Polygon team wants to go one step further in the field of 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 before the end of 2022.
On the website of Polygon (MATIC) you will also find current data on the emissions of the network, 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 factor into their decisions about sustainable crypto coins to invest in.
5. Algorand (ALGO) – Carbon Negative and Sustainable Cryptocurrency Project
The number five on our list of the best sustainable crypto is Algorand. This project is already CO2 negative, meaning they remove more CO2 than they emit. Algorand is a provider of smart contracts and has its own blockchain. Mastermind behind Algorand (ALGO) is Silvio Micali, who won a prestigious Turing Award in 2012.
On 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 buy 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 token of 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 presale 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 purchase 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 the IMPT Presale: Go to the 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 of various sustainable crypto for the conscious investor. In this article we have explained to you as best as possible how each project approaches this.
As an investor you would like 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 are setting up significantly speeds up the adoption of carbon credits and makes this process accessible to individuals and companies.
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 Insiders. This is not financial advice and our analysts are not financial advisors. Investing involves risks. Always consult an advisor when making financial decisions. The information and tips provided on this website are for educational purposes only.