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As the world moves towards sustainability, eco-friendly practices are becoming more and more popular. That’s why it makes sense to invest in green crypto coins- cryptocurrencies that use environmentally friendly practices to create their blockchain systems. In this guide, we’ll explain what green crypto is, provide a list of the best green crypto coins to invest in, and give you a closer look at each one of them. So, whether you’re looking for a renewable energy-powered blockchain or one that strives to help companies reduce their carbon footprint, read on to learn about the best green crypto coins of 2022!

Best Green Crypto Coins- List

1.IMPT (impt.io): a new crypto project that is completely carbon-neutral

2.TAMA (Tamadoge): a special mix of a play-to-earn (P2E) metaverse game, meme coins, and NFTs.

3.SLR (Solarcoin): 1 Solarcoin for every Megawatt hour generated from solar technology

4.XRP (Ripple): designed to be the most practical cryptocurrency for use in financial services applications

5.BITG (Bitgreen): an open and permissionless blockchain built to meet the needs of NGOs, corporate ESG groups, and purpose-driven innovation in Web3.

6.DOT (Polkadot): designed to allow communications and transactions between blockchains

7.ADA (Cardano): used to facilitate peer-to-peer transactions on Cardano, a public blockchain platform

8.NEAR (Near protocol): provides Green NFTs via Mintbase

9.HBAR (Hedera Hashgraph): uses hashgraph for fast, fair, and secure applications

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Best Green Crypto Coins 2022– A Closer Look

Cryptocurrencies are all the rage these days, and for good reason. They offer the potential for big returns with the right strategy in place. Furthermore, cryptocurrencies have the potential to increase the sustainability of the financial industry. While there are a lot of green cryptocurrencies to choose from, these nine are the best green crypto coins to invest in in 2022.

IMPT (Impt.io)

impt.io logoIMPT is a blockchain-based carbon credit exchange that helps individuals and businesses to offset their carbon footprint easily and securely. Their objective is to provide everyone with the chance to improve the environment and bring about good change.

IMPT.io links users to hundreds of significant environmental projects taking place all over the world to lower carbon emissions and help the environment. Additionally, IMPT.io collaborates with thousands of the biggest retail businesses that set aside a certain portion of their sale margin towards environmental programs.

Users are rewarded with IMPT tokens every time that they choose to act sustainably or offset their carbon credits.

impt homepage

What makes IMPT unique?

The platform allows customers to purchase or sell carbon credits in a way that is transparent and efficient. Carbon credits are tokenized, so users receive them as NFTs. Additionally, a decentralized ledger which anyone can track houses the NFTs, guaranteeing transparency and traceability. This prevents fraud and double counting because the distributed ledger records all platform users’ transactions, and this makes it virtually impossible to tamper with them.

Burned NFTs are transferred to a null address when the user retires their credits, removing all of their NFTs from circulation in the process. The blockchain records this transaction, and the NFT is no longer functional. Additionally, when they retire their carbon credits, consumers receive one-of-a-kind NFTs made by artists. These NFTs are available and can be traded in the crypto market.

The possibility for each person and organization to gauge their environmental impact is another standout aspect of IMPT.io. Impt.io offers a a social platform that will enable everyone to have an IMPT.io, allowing users to track their level of impact. The platform will make use of impact points, which are rewards businesses and consumers get for reducing climate change.

The platform will get 10% on all activities within it, including revenue from selling tokenized carbon credits, buying carbon credits, shopping on the site, and trading art NFTs.

IMPT coin has a total supply of 3 billion tokens with 1.8 billion tokens made available across the three presale phases.

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TAMA (Tamadoge)

tamadoge logo

Tamadoge is a brand-new cryptocurrency that will be the first meme coin to include a metaverse and other play-to-earn features. TAMA is the gateway token of the Tamaverse, where you can create, breed, and engage in combat with your very own Tamadoge pet. Tamadoge runs on the Ethereum blockchain; a blockchain that was recently upgraded to become more eco-friendly and sustainable.

Although Tamadoge is in the same Doge ecosystem as Dogecoin, Tamadoge is more inventive. Tamadoge has an NFT store, P2E capabilities, and token utilization, making it more than simply a meme coin. Tamadoge takes great security measures since all of its tokens undergo full KYC and auditing.

Tamadoge Picture

By gaining Dogepoints, users can compete to move up the leaderboard within the game. The users who have accumulated the most Dogepoints at the end of every month can collect their prizes from the monthly Dogepool. This reward system serves as another means for users to gain.

With just 2 billion TAMA tokens available for purchase, the initiative focuses on quality and efficiency rather than oversupply.

After its launch, the coin surged over 200% in the first week. Tamadoge is expected to grow rapidly in the coming years and offer high returns on investment.

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SLR (Solarcoin)

Solarcoin is a blockchain-based eco-friendly cryptocurrency designed to reduce energy costs and promote renewable energy initiatives. SLR (Solarcoin) offers investors the unique opportunity to participate in the growth of the green crypto market while supporting environmentally friendly causes at the same time. The goal is to incentivize solar electricity production by rewarding the generators to reduce the cost of electricity production. Solar plant owners must provide third-party certified energy generation certificates, such as a Solar Renewable Energy Certificate (SREC) or comparable country-specific documentation, to be eligible for a Solar Proof of Work incentive. The SolarCoin blockchain records every Solar Proof of Work as a transaction.

solarcoin homepage

SLR has a total supply of 98 billion coins with a 64.8 million active supply. The 40-year-long plan of the SolarCoin supply is intended to provide incentives for producing 97,500 TWh of solar energy. SolarCoin lays the groundwork for the global energy transformation by providing solar energy producers with an energy-reference currency, producing 1 Solarcoin for each Megawatt hour produced by solar technology.

You can exchange SolarCoin for fiat currencies on cryptocurrency exchanges or use it as payment at places that accept it.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

XRP (Ripple)

ripple logoXRP is a digital asset that powers the world’s most efficient and effective global payments system. It offers fast, secure, and low-cost transactions between banks, companies, and people all over the world. With its active user base of more than 60,000 businesses globally, Ripple has successfully established itself as one of the leading cryptocurrencies in the market today. Ripple is valuable in facilitating cross-border instant payments without the interference of a central authority like a government or bank. Also, with the XRP ledger, central banks can use a more flexible, secure, and controlled solution for the issuance of digital currencies.

ripple homepage

With low transaction fees ($0.0002 per transaction on average), high transaction speed (transactions complete within 3 to 5 seconds on average), scalability (1,500 transactions per second), and sustainability (Transactions are confirmed by the XRP Ledger (XRPL) using a novel consensus method that consumes little to no energy. The XRPL makes use of a distributed agreement system to create a super-majority consensus around a particular transaction), Ripple has revolutionized the global payment system in a fast and green way.

Its mission to improve global financial systems makes it an excellent long-term investment choice.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

BITG (Bitgreen)

The idea behind Bitgreen’s creation was to invent an open and permissionless blockchain. Bitgreen combines green innovation and blockchain technology to raise money for vital sustainability initiatives. The goal is to raise $1 trillion for sustainability projects around the world.

bitgreen homepage

Bitgreen makes it simple to fund, originate, and buy high-quality, transparent carbon credits that protect the environment, remove atmospheric CO2, and help local communities financially. For finding and purchasing digital green bonds, the Bitgreen Impact Investment Platform offers the first blockchain marketplace.

The BitGreen blockchain’s native coin is BITG. It has a circulating and total supply of 11,941,077 coins. The cryptocurrency rewards users for actions that reduce their carbon footprints as well as for doing their shopping with sustainable and local vendors. Bitgreen’s layer-1 network uses 99.9% less energy than traditional blockchain networks and protocols because of its Proof-of-Stake consensus mechanism.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

DOT (Polkadot)

polkadot logo

Polkadot is a secure growing ecosystem of parachains, or customized blockchains. Polkadot apps and services enable safe cross-chain communication, laying the groundwork for a genuinely interoperable decentralized web. Thanks to its next-generation nominated proof-of-stake (NPoS) model, Polkadot uses a tiny fraction of the energy that traditional blockchains use. Chains can communicate with one another in a meaningful way because of Polkadot’s unique data availability and validity system. Chains remain unified in their security but separate in their governance. All stakeholders have a say in the sophisticated governance structure at Polkadot.

Polkadot homepage

DOT, the platform’s native currency, powers the blockchain’s essential functions. Three distinct functions of the DOT token are network governance, staking, and bonding. DOT has a total supply of 1,241,402,059 tokens and 1.13billion circulating supply.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

ADA (Cardano)

cardano logo

Cardano is the first proof-of-stake blockchain platform to be based on peer-reviewed research and created using evidence-based techniques. It combines cutting-edge technologies to give decentralized applications, systems, and societies unmatched security and sustainability. ADA is the utility token of the Cardano blockchain used as a medium of exchange. The coin has a total supply of 35,026,102,955 tokens and a 45 billion max supply. The coin has several use cases on the blockchain. Developers use the coin to power the smart contracts running on the Cardano blockchain and also give holders voting power when it comes to deciding on important features meant to improve the platform.

cardano homepage

Cardano is secured with its two-layer design; the Cardano Computation Layer (CCL) is used to run smart contracts and the Cardano Settlement Layer (CSL) handles transactions. Cardano runs a proof-of-take protocol that ensures high transaction speed and gives stakers an option to earn crypto without necessarily buying more. Also, it is environment-friendly, unlike the proof-of-work that expends a lot of energy.

There are many use cases for Cardano that cut across different sectors like education, governance, retail, etc. Cardano also has a lot of potentials and the team is experienced (founded by Ethereum’s co-founder, Charles Hoskinson), so there’s little reason to doubt its long-term prospects.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

NEAR (Near Protocol)

Similar to Ethereum, the decentralized application platform Near Protocol is a carbon-neutral blockchain that supports a variety of applications, NFTs, games, and other content. The native token on the NEAR Protocol is called NEAR. It is more environmentally friendly since it validates transactions using a proof-of-stake consensus mechanism.

near protocol

Its ability to communicate with the Ethereum network via a mechanism called Rainbow Bridge makes the NEAR protocol a unique project. A permissionless, decentralized technology called Rainbow Bridge makes Ethereum and NEAR interoperable with one another. A contract created on Ethereum, for instance, can be verified on NEAR.

Additionally, NEAR launched the Mintbase NFT platform, which cryptocurrency artists use to produce digital art. The majority of the money raised from the sale of these NFTs will be used to fund CO2 offsetting projects in developing nations that are result-based and independently verifiable.

Sharding, a technique used by the Near Protocol, divides up data processing and storage into smaller units. This makes NEAR to be quick and extremely scalable. Holders of NEAR take part in network governance and get rewards for securing the network or staking tokens. NEAR is also acquired via participating in development bounties, actions that advance the ecosystem and receiving from pals using the NEAR Drop.

NEAR has a total supply of 1 billion tokens and 811,140,329.00 NEAR tokens.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

HBAR (Hedera Hashgraph)

In comparison to the traditional blockchain that most cryptocurrencies use, Hedera Hashgraph is a platform that appears quicker and more secure. It is a decentralized public network that anybody can use to conduct transactions in a reliable and secure setting. Hedera is built for quick, three- to five-second transactions with low latency. The blockchain completes 6.5 million transactions daily, with each taking five seconds on average.

hedera homepage

The consensus algorithm used by Hashgraph is called asynchronous Byzantine Fault Tolerance (ABFT). Network security is greatly enhanced by ABFT, one of the most secure algorithms that are resistant to DDoS and Sybil attacks. Hedera Hashgraph offers four major services, one of which is HBAR, a cryptocurrency that offers highly customizable, low-fee transactions. Smart contracts, file services, and consensus services are among the other services.

The native, energy-efficient cryptocurrency of Hedera that drives the decentralized economy is called HBAR. HBAR requires a lot less energy than proof-of-work tokens like Bitcoin since it is a proof-of-stake token. With a 50 billion token total supply, HBAR currently has a circulating supply of about 22.97 billion tokens.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

How To Buy IMPT- The Best Green Crypto Coin

Investing in cryptocurrencies is a high-risk, high-reward venture, but that doesn’t mean that green coins can’t be a great option for investors. One such coin is IMPT, whose presale is currently ongoing. So, how do you invest in this coin?

Step 1: Launch Impt.io

To invest in IMPT, go to their website at impt.io

impt homepage

Step 2: Navigate to the presale page

On the far right of the impt.io homepage is the presale section. Where you will start your presale process.

how to begin impt presale

Step 3: Connect Wallet

To purchase IMPT using your Ethereum or other cryptocurrencies, you will need to connect MetaMask wallet. This browser extension allows you to easily buy and sell cryptocurrencies like Ethereum. To create your Metamask wallet, follow these steps:

  • Download the extension (if you are using a desktop) or the mobile app
  • You will be prompted to proceed with “create your wallet and seed phrase
  • Read the terms and conditions. If you agree, you will set up your password and go through some security checks.
  • Your Account is good to go.

impt presale- connect with metamask

Go back to the impt.io homepage and click “Connect Wallet” on the far right of the page. Two options will pop up. Click on “Metamask” and complete the process.

Step 4: Purchase IMPT with a card, ETH or USDT

After connecting your Metamask wallet, you will have three options; Buy IMPT with ETH, Buy ETH with a card, or Buy IMPT with USDT. Depending on the token you have funded your wallet with, choose the applicable option.

Buy IMPT with ETH: If you have enough ETH in your wallet, you can use this option to buy IMPT by exchanging your ETH for IMPT. After entering the desired IMPT purchase amount, click “Convert ETH.” You will be prompted to confirm the transaction by your wallet provider, who will also display the gas fee.

Buy ETH with card: Using your card, you can use the Transak widget to buy ETH, which you can then exchange for IMPT. To guarantee you have enough Eth to exchange for IMPT and also cover the gas fee, it is advisable you buy at least $30 worth of ETH.

Buy IMPT with USDT: If you have USDT in your wallet, you can exchange it for IMPT by selecting “Purchase IMPT with USDT” from the option. After entering the desired IMPT purchase amount, click “Convert USDT.” Your wallet provider will request your permission for IMPT to access USDT, then ask you to confirm the transaction and display the cost of gas.

Purchase IMPT with ETH, USDT or Card

Step 5: Wait for the presale end to claim tokens

After completing the whole presale process and confirming your transaction, you have to wait for the presale to end. After the presale has ended, head to the claim page to claim your purchased IMPT tokens.

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Is Cryptocurrency Sustainable?

One would expect cryptocurrencies to be more sustainable than other traditional assets because they are digital. However, this has not always been the case.

It was estimated that it takes 1,449 kWh, or around 50 days of power for the average US household, to perform one bitcoin transaction. This is due to the proof-of-work mechanism that the bitcoin blockchain uses. It involves the use of multiple computers. This makes the whole process to be expensive and has a negative effect on the climate. This is so because the gas and coal-fired power plants that creates bitcoin produces a lot of electricity. Burning coal and natural gas releases greenhouse gases that heat the earth and alter its climate. This makes cryptocurrencies using the proof-of-work mechanism to be unsustainable.

However, there are currently lots of crypto projects using the eco-friendly proof-of-stake consensus mechanism. If you are looking to invest sustainably, we recommend focusing on tokens that use the proof-of-stake mechanism and focus on powering eco-friendly projects.

How Can Crypto Be Green

There are several ways crypto can be green. The first is the use of a proof-of-stake consensus mechanism. This does not use specialized types of equipment that are energy-intensive like Proof-of-work. Secondly, the crypto project must have a positive impact on the environment. It could be along the line of renewable energy, reduction of Co2 emissions, etc.

How To Find Green Crypto

When it comes to finding green cryptocurrencies, the most important thing you can do is look out for new projects. To get the most recent information on all the latest green cryptos, check out reputable sources like news sites, social media, forums, popular crypto trading platforms, etc.

Once you’ve identified a few coins that you believe have the potential to grow, do your research and find coins with good fundamentals. This will help you minimize risks while maximizing returns and help you better understand the investment, and make informed decisions.

Top Tips For Investing in Crypto Sustainably

Opt For Proof-of-Stake

With the proof of stake consensus mechanism, several validators must agree that a transaction is accurate before it is approval by enough nodes. The fast transaction speed and less energy requirements improve the scalability of the blockchain, which increases adoption by users.

Be Careful of Green-Washing!

When investing in green cryptocurrencies, be sure to do your research first. Many times, coins are heavily green-washed.  Greenwashing is the act of giving a false image or giving deceptive information about how a company’s products are more environmentally friendly. They might even be scams that want to take advantage of inexperienced investors. So, you have to be careful and research the project properly.

Look at energy efficiency and carbon footprint

When it comes to sustainability, energy efficiency and carbon footprint are critical considerations. Carbon footprint is the entire amount of greenhouse gases (such as carbon dioxide and methane) as a result of human actions.

We have mentioned how the proof-of-stake consensus mechanism is more energy efficient than proof-of-work. When mining cryptocurrencies, be mindful of the environmental impact involved – choose coins with low carbon footprints if possible.

Best Green Crypto 2022– Conclusion

The world is already experiencing the effects of climate change, and things will only become worse in the future. Investors need to be aware of these effects and seek out sustainable investment opportunities to assist in reducing the risks. This is where green crypto comes in. We have reviewed the best green crypto coins to invest in 2022. IMPT is a very good project with massive carbon footprint offsetting plans.

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FAQs

Are cryptos good for the environment?

Some are good for the environment while some are not. It depends on how you mine the crypto and the environmental impacts of the projects the coins support.

Which cryptocurrencies are the most sustainable?

Cryptocurrencies like IMPT, TAMA, and DOT are all sustainable because they rely on the proof-of-stake consensus mechanism.

Is bitcoin sustainable?

Bitcoin is not sustainable. It takes 1,449 kWh, or around 50 days of power for the average US household, to perform one bitcoin transaction. The Bitcoin network consumes as much energy as a country like Malaysia or Sweden.

What is the best alternative to Bitcoin?

When it comes to the best alternative cryptocurrencies to Bitcoin, there are a few worth considering. Some of the better alternatives include XRP, IMPT, HBAR, NEAR, ADA, and TAMA. All of these coins have various benefits over Bitcoin, such as faster transactions, more flexibility, and more energy efficiency.

Is green crypto worth investing in?

YES, they are worth investing in. Apart from the fact that you will be helping the environment, green investments are receiving much more support from the government at this critical time. This is a rich level of security on any investment.

About Maryam Jinadu
About Maryam Jinadu

Maryam Jinadu is a freelance crypto & fintech writer. After completing her pharmacy degree at the University of Lagos, Nigeria, in 2018, she began writing professionally in fintech. She has worked with top fintech/crypto companies such as Bit.com, Equalizer, Koinly, Olymp Trade, Salesgnomics, Scribbr, and Swapzone. She currently freelances on Upwork and writes weekly reviews at 18digits.com. Maryam lives in Manchester, United Kingdom and can be found on LinkedIn @Maryam Jinadu.

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