ImpactMarket (PACT)

IDO

Last updated: Dec 27, 2021

ImpactMarket is a decentralized poverty alleviation protocol that allows the creation and distribution of unconditional basic income between communities and their beneficiaries, according to their needs.

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Overview

Project industry	Charity & Donations
Product type	Platform
Founded	Portugal
Whitepaper	Open

What is ImpactMarket

ImpactMarket operates as a DAO, on top of the Celo network, uses cUSD (Celo Dollar) as the main digital currency and $PACT as its governance token, while running autonomously through smart contracts.

Celo is open-sourced Proof-of-Stake (PoS) blockchain designed to support stable coins and tokenized assets with an algorithmic reserve-backed stability mechanism.

Beyond UBI, impactMarket is working on providing free access to more financial services. Given the Celo network design and its current DeFi ecosystem, impactMarket is uniquely positioned to drive DeFi adoption and retention by integrating & offering DeFi solutions directly on mobile to those who need them the most.