Frequently Asked Questions — Initial Coin Offering (ICO)
We believe that an ICO is an ideal and innovative way of raising funds. Impact Earth aims to modernise the world of Impact Investments by introducing a blockchain platform to transparently manage the impact projects we undertake. Issuing a crypto currency fits this aim of modernization. A crypto currency also makes the impact investments that Impact Earth offers very accessible. We know that many people are interested in contributing to a more sustainable world, but not all people have a large budget. By issuing a crypto currency, the investment becomes accessible for all people. Also, once the coin is added to an exchange, it becomes very easy to sell your investment.
We see the issue of the crypto currency as an enabler in which new technologies can be used to increase the impact.
All people interested in crypto and/or creating sustainable impact can participate. IMPACTXO is available for crypto enthusiasts looking to diversify their portfolio into a crypto currency that is supported by real assets (not being crypto assets or a crypto based company) This is also an interesting opportunity for individuals or companies that are new to crypto but very interested to make a difference.
We strongly suggest that you draw your own conclusion on our project, the companies and the people involved. We are aware that some scams have had a negative effect on the ICO market. Like all of you, we disapprove of any criminal involvement into the ICO market. The fact of the matter is, as with any currency or market, that when money can be earned bad parties will get involved. Therefore, we decided to stay close to home and issue the coin from the Netherlands. The IMPACTXO Coin is issued by the Impact Earth Foundation registered in the Netherlands and bound by Dutch law. All individuals supporting this project can be found in public sources. We also worked hard to gather a credible team of advisors which will support us during our implementation.
We aim to raise between 20 and 30 million.
The coin has a limited supply of 100M, which means that a 100M is maximum the company can issue. The potential is large enough to issue a 100 million of coins. Whatever is not issued will be put in cold storage until the concept is proven, at which time we might commence a second ICO.
Impact Earth earns money from two sources. The main source of income is a return on investment on the projects that we will implement in developing countries. The second source of income is offering our blockchain platform as a service to Impact Investors that need a way of transparently managing their Impact investments.
70% of the return earned by Impact Earth on the money that you used to participate, will paid to you in crypto currency.
The founders of Impact Earth have years of banking and investment experience. We are a strong believer in diversification. Don’t bet on one horse only. However, we believe that Impact Earth can offer something that most other ICO’s are not offering. The value of our crypto currency will be supported by investments in real tangible assets, like housing projects or solar farms, that will generate real cash flows in USD or other currencies. These assets will generate profits that can be distributed. At the same time will offer Impact Earth the opportunity to be part of creating sustainable impact.
We cannot predict the future of the cryptocurrency market, so we cannot guarantee that the IMPACTXO Coin price will go up. The IMPACTXO Coin will be supported by real assets like affordable housing projects and local solar farms in developing countries. We believe that this will support the value of the coin and make the value less depending on the volatility of the crypto currency markets. Investing in IMPACTXO is contains risks and return is not guaranteed.
Frequently Asked Questions — IMPACTXO Blockchain platform
Projects in developing countries are always very remote from where the investors are.
We will be the first company in our field to marry the goals of the Paris Agreement with a blockchain platform. Impact Investors have a challenge in We will be able to take on smaller sized
We want our Impact Earth community to know and feel they are a part of changing communities for the better while being environmentally responsible and able to make financial returns at the same time. Its important that we let people to know what is happening and why.
On the project side through our subsidiary we have a service agreement with Deloitte to vet and conduct a due diligence. Impact Earth will further ask Deloitte to audit the money pool when the ICO is final. Making use of third parties for verification we feel goes a long way to instilling trust.
Even though the ownership of an asset is put on a blockchain platform, doesn’t necessary mean that the ownership is secured. We are dealing with legal ownership in the local jurisdiction of a project. To make sure that Impact Earth is securing the asset for our investors, we setup a legal structure which is similar to the way banks secure their assets for a loan. We use our trust and a mortgage setup by local law firms. This way the asset is legally linked to Impact Earth and we can go to court whenever something happens.
Frequently Asked Questions — Impact projects
The book “Taking Stock of Industrial Ecology” (rab.one/ecology) offers a very technical explanation on page Xiii. In essence, a sustainable development means offering people a comfortable life with the techniques available which can be sustained by the planet indefinitely without compromising future generations to meet their needs. Impact Earth intends to create social housing with sustainable materials and self-sustainable energy sources. We like to combine these projects with means of income like local farming or food forests.
Impact Earth offers a solution direction. The concept is depending on the local community. It is very important to engage in a thorough community profile for which we engage with local people that best understand the surroundings and needs. For example: Many NGO’s are very engaged in providing local water wells. This is not always the best solution. There are examples of communities where all problems were solved in walking to the nearest well. When there was no need to walk anymore, the community erupted in problems that didn’t get solved.
According to the 2016 report of the Netherlands Environmental Assessment Agency (rab.one/trends), within the EU power generation and other industry (contributing 26% to the total), then the major sectors, transport (33%) and households (25%). This shows that the contribution of households to CO2 emission is significant. The biggest contributers are Australia, Canada, US, Saudi Arabia. China is in 14th place.
Our focus will be to support five of the goals of the United Nations Sustainable Development Goals (SDG) (rab.one/UN) focussed on Affordable and clean energy (goal 7), Decent work and economic growth (goal 8), Industry, Innovation and Infrastructure (goal 9), Sustainable Cities and Communities (goal 11), Climate Action through reduction of CO2 emission (goal 13). Our aim is to combine CO2 reduction with the creation of sustainable communities through developing affordable housing and local green energy solutions. We use the approach of “no-regret” as explained in an article by World Resource Report (rab.one/noregret). This means that we focus on reducing the vulnerability and empower individuals, households and communities to become more resilient. Even if we are not able to achieve CO2 reduction to the level we would aim for, we are successful if we offer better housing and means for generating income.
Calculating impact and CO2 reduction is a complex and very specialised activity. We are looking to partner with the best companies to assist us in developing a measurement which we can put on our blockchain platform.
Impact Earth will be predominantly targeting Emerging countries with a focus on Africa.
The property market is hot. Many players are active. However, these players are all taking the easy way out and focussing purely on the top end of the market. This top end of the market is overcrowded. We are focussed on creating a good return and combining this with creating impact. When investing 20 million, it is easy to invest this in one or two buildings and manage these. This will create return but not impact. We will be investing this amount in 20 to 40 buildings. This way we will spread the risk and maximise the impact that we will have on local communities. Managing 40 buildings is more complex. Therefore, we develop the blockchain platform to manage these projects transparently.
Frequently Asked Questions — General
Historically, when it comes to transacting money or anything of value, people and businesses have relied heavily on intermediaries like banks and governments to ensure trust and certainty. Middlemen perform a range of important tasks that help build trust into the transactional process like authentication & record keeping.
The need for intermediaries is especially acute when making a digital transaction. Because digital assets like money, stocks & intellectual property, are essentially files, they are incredibly easy to reproduce and copy. This creates what’s known as the double spending problem (the act of spending the same unit of value more than once) which until now has prevented the peer to peer transfer of digital assets.
A solution to this problem is the blockchain technology. Blockchain is a type of distributed ledger or decentralized database that keeps records of digital transactions. Rather than having a central administrator like a traditional database, (think banks, governments & accountants), a distributed ledger has a network of replicated databases (on the computers of members of the network), synchronized via the internet and visible to anyone within the network. Digital transactions are combined in “blocks” which are protected using cryptography (hence the term crypto currency). Members of the network will then validate the transactions and the transactions can never be changed anymore. ( for more information on blockchain see Wikipedia http://rab.one/bc )
The first known crypto currency is Bitcoin. According to Sally Davies, FT Technology Reporter “[Blockchain] is to Bitcoin, what the internet is to email. A big electronic system, on top of which you can build applications. Currency is just one.”. In essence, a crypto currency is an application build on top of the blockchain. Since Bitcoin, many new crypto currencies have emerged and new versions of the blockchain technology have been developed. Bitcoin blockchain, Ethereum and Waves are the most common known platforms currently in existence. IMPACTXO Coin will use the Ethereum blockchain technology as a basis.
To buy and sell crypto currencies you need a wallet to hold your coins.
A wallet is a digital wallet that can hold your digital crypto currencies. A wallet is encrypted and needs a key to unlock. This key is the most important feature of your wallet. If someone steels your key, they have access to your money. Also, when you lose your key, you will not be able to access your money anymore.
You can have a wallet using an interface like MyEtherWallet. A wallet has a public key and a private key. If you send your public key (address) to someone, they can send you ETH or other coins/tokens. If you send your private key to someone, they now have full control of your account. When opening a wallet on MyEtherWallet, you will get a tutorial.
The IMPACTXO Coin is a new crypto currency issued by Impact Earth. The funds raised will be used to finance impact investments and the further development or our IMPACTXO Blockchain Platform.
An Earth token will be issued by the Transparent Concepts company to pay out profits on behalf of Impact Earth.
No, you cannot. You can put in your initial contribution, but you will need an Ethereum wallet to receive your tokens. Please do not participate using an exchange account or contract wallet. Because you don’t own your cryptoexchange ETH address private key, you will not be able to access your IMPACTXO Coins and Earth Tokens.
Go to www.impact.earth/pre-ico and fill out your information. You can choose your preferred means of payment. We can only accept credit card payment up to 2.500 USD. Higher amounts are requested to be transferred to the bank account of the Impact Earth Foundation. The bank account number will be shown after payment confirmation.
It is recommended that you store backups of both forms of your key (the Keystore / UTC file version and paper wallet version) in physically separate, offline environments.
This prevents loss of the private key & password due to: dead hard drive, lost USB drive, wet piece of paper, etc. Keep in mind that physical loss can affect an entire area (e.g. fire, flood).
There may be a chance that you saved it without realizing it. So, just in case:
Do a full search of your computer for “UTC-“ and see if the private key shows up.
Do a full search of your computer for your address without the 0x at the beginning.
If you know when you created it, look through all files during that time period for any documents that may hold your key or screenshots.
Generate a new wallet via https://www.myetherwallet.com/#generate-wallet and take a look and the different options you may have downloaded or saved. Sometimes that can jog your memory.
Please print your private key of your wallet on paper and keep it in multiple physical locations. When you really lost your private key, there is no way to access your coins.
IMPACTXO Coins and Earth tokens are ERC20 tokens issued on Ethereum blockchain. Token holders can easily store and manage their coins/tokens using existing Ethereum clients including official Ethereum wallets like MyEtherWallet, Metamask, Mist.
No, the Foundation will never directly buy your IMPACTXO Coins back. We plan to have IMPACTXO Coins listed on an exchange in June 2018. From that moment you can sell your IMPACTXO Coins via that exchange. We will keep all participants informed when IMPACTXO Coins gets listed.
The profit share is paid to all IMPACTXO Coin holding wallets in Earth Tokens. You don’t have to do anything to receive the profits.
The Earth Tokens can be redeemed for Ethereum at the Transparent Concepts company.
The tokens will be distributed after the end of the ICO and after the audit. Planned distribution will take place in February 2018.
The Transparent Concepts Company is incorporated in the Netherlands and responsible for developing the Blockchain platform
The Impact Earth Foundation (Stichting) is based in the Netherlands and both companies are bound to Dutch law.
You can contact us by sending an email to [email protected]
One of the benefits of the ICO is the opportunity to participate with small amounts of money. We want to make sure that everybody gets an opportunity to be involved in creating a more sustainable environment. The minimum participation on the website is 10 USD.
The total supply of IMPACTXO coins is limited to 100.000.000. All coins not issued or distributed to team and support members, will be put in storage.
You can find the Terms and Conditions at www.impact.earth/files/terms.pdf
Both IMPACTXO Coins and Earth tokens can be split down to 10 decimal points.
0.0000000001 IMPACTXO Coin
0.0000000001 Earth Token