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 2023!
In This Guide
1. CCHG (C+ Charge): Best Sustainable Crypto Token to Buy in 2023
2. IMPT (impt.io): a new crypto project that is completely carbon-neutral
3. TAMA (Tamadoge): a special mix of a play-to-earn (P2E) metaverse game, meme coins, and NFTs.
4. SLR (Solarcoin): 1 Solarcoin for every Megawatt hour generated from solar technology
5. XRP (Ripple): designed to be the most practical cryptocurrency for use in financial services applications
6. BITG (Bitgreen): an open and permissionless blockchain built to meet the needs of NGOs, corporate ESG groups, and purpose-driven innovation in Web3.
7. DOT (Polkadot): designed to allow communications and transactions between blockchains
8. ADA (Cardano): used to facilitate peer-to-peer transactions on Cardano, a public blockchain platform
9. NEAR (Near protocol): provides Green NFTs via Mintbase
10. HBAR (Hedera Hashgraph): uses hashgraph for fast, fair, and secure applications
Your capital is at risk.
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 2023.
C+ Charge is a blockchain project like no other that will transform the EV driving industry over the next 10 years. For now, it is possible to get in on the project early by investing in the ongoing token presale that will support project growth and development.
C+ Charge is a peer-to-peer payment system that is built on blockchain technology. The aim of the project is to streamline the payment process at EV charging stations and offer rewards to EV drivers that choose the sustainable motor option. The payment system will be powered by the CCHG token which will be used to pay for electric fuel. Users will then receive carbon credit rewards, which will be stored within the C+Charge app.
The aim of the platform is to democratize the carbon credit industry and encourage the widespread use of EVs.
The native utility token of the C+ Charge platform is CCHG. The token has a capped supply of just 1 billion and is an ERC20 token built on the Ethereum chain. As a result, CCHG is positioned to do well in the market and has already attracted keen investors to the presale.
Users will pay for electric fuel with CCHG tokens using the C+ Charge mobile app. Within the app, drivers can check their CCHG balance, pay for fuel, collect carbon credits and view live prices. The ability to pay for fuel through the app will reduce the cost of running an EV charging station and make them more efficient.
IMPT 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 they choose to act sustainably or offset their carbon credits.
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 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.
The IMPT token presale ended on the 11th of December. The first exchange listing will be UniSwap which will go live on the 14th of December 2022.
Tamadoge is a new cryptocurrency that distinguishes itself as the first meme coin to incorporate a metaverse and play-to-earn features. Serving as the gateway token of the Tamaverse, TAMA enables users to create, breed, and engage in combat with their own Tamadoge pet. Built on the Ethereum blockchain, Tamadoge takes advantage of recent upgrades to the blockchain to ensure a more eco-friendly and sustainable operation.
While Tamadoge is part of the Doge ecosystem like Dogecoin, it offers more innovative features. These include an NFT store, P2E capabilities, and token utilization, making it more than just a meme coin. Tamadoge is committed to ensuring the security of its tokens by subjecting them to full KYC and auditing measures.
Users can compete to climb up the leaderboard in the Tamadoge game by earning Dogepoints. The top users with the highest Dogepoints at the end of each month are eligible to receive prizes from the monthly Dogepool, providing another opportunity for users to earn.
The initiative places a strong emphasis on quality and efficiency, with only 2 billion TAMA tokens available for purchase.
Following its launch, Tamadoge saw a 200% surge in value in its first week. It is projected to experience rapid growth in the years ahead, with the potential for significant returns on investment.
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.
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.
XRP 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.
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.
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 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.
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.
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.
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 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.
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.
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.
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.
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.
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. The IMPT token will be available to purchase from UniSwap on the 14th of December.
The first step to purchasing IMPT is to fund your crypto wallet with ETH tokens. Make sure that the wallet you use can be connected to the UniSwap exchange. We recommend using MetaMask.
To deposit ETH into MetaMask, purchase the token from a reputable platform, such as eToro. Then, you must send the ETH tokens to your MetaMask wallet address.
When doing this, double-check that the address is correct before sending any tokens. Once tokens have been sent they cannot be claimed back. Also, make sure that you are sending the tokens to the Ethereum Mainnet wallet within the MetaMask application.
After funding your MetaMask wallet with ETH, you will need to connect the wallet to the Uniswap exchange.
Navigate to the UniSwap desktop application and click ‘connect’ in the top right corner of the screen. Here, you can choose which wallet you would like to use.
Click ‘MetaMask’ and then log in to your MetaMask wallet to confirm. You will need to have the MetaMask browser extension installed in your desktop to do this.
To buy IMPT from Uniswap, you will need to swap tokens from your MetaMask wallet. This can be done seamlessly through the Uniswap exchange.
Once you have connected your wallet, simply navigate to the token swap function and swap ETH for IMPT.
IMPT will not be listed on UniSwap until the 14th of December. It may be a good idea to practice using the exchange before the listing goes live so that you are ready to buy IMPT.
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.
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.
If you want to invest in eco-friendly cryptocurrencies, staying up-to-date with new crypto projects is crucial. To find the latest information on green cryptos, reputable sources such as news sites, social media, forums, and popular crypto trading platforms can be helpful.
After identifying potential coins, conduct thorough research to find those with good fundamentals. This approach can help minimize risks while maximizing returns, enabling you to make informed decisions and gain a better understanding of your investment.
With the proof of stake consensus mechanism, several validators must agree that a transaction is accurate before it is approved by enough nodes. The fast transaction speed and less energy requirements improve the scalability of the blockchain, which increases adoption by users.
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.
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.
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 2023. IMPT is a very good project with massive carbon footprint offsetting plans.
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.
Cryptocurrencies like IMPT, TAMA, and DOT are all sustainable because they rely on the proof-of-stake consensus mechanism.
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.
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.
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.
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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