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.
Third-country producers may decide to purchase EUAs on the secondary market to prepare for 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 expire five years after issuance unless used or repurchased.
Steel shipped into the EU is liable for CBAM duties
Purchase & Redeem
Purchase IMPORT Tokens at the set price of €100 within your personal dashboard. When we receive payment for the IMPORTTokens, this will be visible within your account.
When IMPORT Tokens are purchased, a payment document (invoice) is automatically generated within your dashboard, containing payment instructions. Choose to Redeem IMPORT Tokens and and credit memo is produced and shown within your account.
CBAM Price Predictions
The future price of EU Emission Alowances and consequently CBAM certificates is entirely unknown. Opinions and analyses on this topic are available atexternal sources. Price fluctuations depend primarily on:
- 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.
All personal and professional data are fully encrypted and securely stored within our database infrastructure.