IMPORT Token
Origin
European industries pay for their CO₂ emissions with EU Emission Allowances, or EUAs.
In 2023 the European Commission introduced the Carbon Border Adjustment Mechanism (CBAM), designed to discourage companies from relocating production to countries with weaker climate rules in order to avoid paying for CO₂ emissions.
CBAM requires importers to pay a CO₂ price equal to what European industries pay, thus helping to fight so-called carbon leakage.Utility
EU importers have to purchase CBAM certificates. These certificates follow the price of EUAs but have limited validity.
EU Supply chain participants such as importers and producers may decide to purchase EUAs on the secondary market as a protection against future CBAM costs. Such activity could increase EUA price volatility and create challenges for market stability, potentially undermining the EU Green Deal. Enter IMPORT Token.
IMPORT Tokens are digital units that have no set expiry date.
Smart policy helps fight climate change
Purchase & Surrender
Purchase IMPORT Tokens at the set price and surrender them whenever the moment is appropriate. To prevent predictability of the upcoming IMPORT Token price, a lock-up period applies to surrenders.
When IMPORT Tokens are purchased, a payment document is automatically generated in the dashboard, along with options to complete the purchase. Similarly, a credit memo is issued when tokens are surrendered (sold).
Price Predictions
The future price of EU Emission Alowances, and consequently IMPORT Tokens, is entirely unknown.
Opinions and analyses on this topic are available through independent external sources, and linked in the Reference section below.
The following factors influence IMPORT Token price dynamics:
- Market Demand: Prices are affected by how industries adapt to increasingly stringent carbon caps, which drive demand for allowances.
- EUA Supply: The EU periodically reduces the supply of allowances under the ETS to encourage decarbonization efforts.
Account dashboard
Secure by Design
One drawback of owning any blockchain-based digital asset is the constant risk of falling victim to malicious emails, text messages, or phone calls - commonly known as phishing. These attacks are becoming more frequent and increasingly sophisticated, largely driven by developments in AI.
As IMPORT tokens do not live on any blockchain and do not have worth outside of its own ecosystem, they are a useless target for hackers. Nevertheless we have extensive safety protocols in place against malicious actors who may not have fully understood its concept.