IMPORT Token

Background

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.

Carbon Costs

EU importers of certain goods, such as steel and cement, are required to pay CBAM levies. But they do not have to bear these costs alone. Supply-chain participants can contribute their share to the importer. To support this process efficiently, Tokenomics is developing a token-based system that enables you to easily calculate the share you owe for each shipment and arrange the transfer of the corresponding amount to the CBAM declarant.

CBAM levies are ultimately paid in euro by the authorised CBAM declarant to the competent authority of the relevant EU Member State.

Why use IMPORT Tokens

Imagine having to keep full financial records for every CBAM compensation transaction across your supply chain. You may need to issue invoices, track payments, and process credit notes when the actual costs later differ from the amounts originally charged. This can create a significant administrative burden.

IMPORT Tokens offer a simpler way to allocate and settle these amounts within your supply chain. You can request tokens from suppliers and carriers, with each token representing a fixed value of €100. Tokens can be transferred easily between parties and, if necessary, returned to the sender. This helps participants organise CBAM-related settlements in a practical and structured way.

Easy Settlements

IMPORT Tokens reduce the need for repeated invoicing and reconciliation between supply-chain partners when sharing CBAM-related costs.

You can transfer your IMPORT Tokens instantly and free of charge to your declarant’s account. If there are surplus tokens, the declarant can transfer them back to you.

For each transaction, whether it concerns the purchase, transfer, or redemption of tokens, a document is created and stored in the Transactions tab.

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.