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  • Welcome!
    • 📜impactMarket's Whitepaper
    • 1. Overview
      • The Context
      • The Concept
    • 2. impactMarket's Products
      • Microcredit
        • Theory of Change
        • Microcredit Ecosystem
        • Piloting Microcredit in Uganda
      • Unconditional Basic Income (UBI)
        • UBI Theory of Change
        • impactMarket UBI Ecosystem
        • Multiplier Effect of UBI
        • Impacts on the Communities and Beneficiaries
        • More about Communities
          • Highlighted Stories
            • ARTICLES
            • UKRAINE - UBI for Ukraine
            • BRAZIL
            • ZIMBABWE- Kunzwana Women's Association,
            • UGANDA - Women Rights Initiative
            • UGANDA - YOTU community
            • GHANA - Krisan Refugee Camp
            • PHILIPPINES - Montalban Action Group
            • ARGENTINA - Mujeres 2000
            • CAPE VERDE - Midjora nha vida
            • PERU - Agape Hand Community
            • VENEZUELA - San Pedro del RĂ­o Community
          • Communities
          • How to apply a community?
      • Libera Crypto Wallet
        • Libera Theory of Change
      • Learn & Earn
        • Learn & Earn Theory of Change
    • 3. impactMarket's Protocol
      • PACT Token
        • PACT Theory of Change
        • Impact Farming and Staking
      • Voting & Governance
    • 4. Impact Measurement
      • Reports and Case Studies
  • COMPANY TOOLKIT
    • Our People
    • Brand and Media Kit
      • On the news!
    • Legal
      • Data Privacy Policy (GDPR)
      • Terms and Conditions of Use of the impactMarket App and Website
      • Privacy Policy
      • Terms and Conditions of impactMarket’s $PACT Token IDO
    • Partnerships
  • Developers
    • Audit
    • Smart Contract
      • How to integrate
    • API
    • Environment
      • Alfajores Testnet
      • Mainnet
    • Technology
      • Blockchain
      • DAO
      • Tools we use
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  1. Welcome!
  2. 1. Overview

The Concept

Unlocking More Opportunities For All

PreviousThe ContextNext2. impactMarket's Products

Last updated 1 year ago

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In today’s world, there are countless individuals and communities around the globe who lack basic necessities, such as financial access. New technologies such as blockchain bring new possibilities to tackle these challenges that traditional systems have been failing to address and deliver. However, adopting these new technologies for finance is proving to contribute far more than is visible at the surface.

Blockchain’s differentials like transparency, reliability, global scale, and cost optimization catalyze the impact of projects like impactMarket, further driving financial inclusion to underprivileged populations. Doing more with less, impactMarket enables donors and funders to maximize their contribution while empowering people worldwide with a comprehensive range of inclusive solutions.

impactMarket is dedicated to paving the way toward financial inclusion and education by harnessing DeFi to unfold human potential. In order to accomplish these goals, impactMarket has built and continues to build multiple borderless and censorship-resistant financial tools and services that will give people power over their circumstances, generating sustainable economic environments.

Communities who live in places without a stable economy or are often excluded from it, like unprivileged citizens and refugees, use impactMarket’s Human Empowerment Protocol to meet their basic needs and create diverse opportunities to improve their lives. Building around DeFi, impactMarket allows beneficiaries to access inclusive financial tools and services, and to receive and cash out their funds easily and quickly with no condition.

By being a blockchain-driven financial inclusion hub and an industry reference for social impact, impactMarket is becoming a catalyst in realizing some significant . Through the protocol’s new DeFi products and services, impactMarket focuses on:

  • SDG 1: Ending poverty in all its forms everywhere

  • SDG 4: Ensuring inclusive and equitable quality education and promoting lifelong learning opportunities for all

  • SDG 8: Promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all

  • SDG10: Reduce inequality within and among some countries

  • SDG 17: Strengthening the means of implementation and revitalizing the global partnership for sustainable development

Since its foundation:

  • Around has been distributed to underprivileged people worldwide in Unconditional Basic Income.

  • impactMarket has become one of the world’s largest blockchain-based UBI systems, reaching to help them cover their basic needs and invest in raw materials, livestock, and tools to secure long-term financial opportunities.

  • impactMarket’s microcredit feature has been piloted with 200 individual borrowers, having lent 90,000 Celo Dollars in microcredit.

  • To develop impactMarket’s leading web3 protocol and expand into vulnerable communities in the poorest countries, the company has raised until January 2022 ($1.6M in pre-seed and seed equity rounds and $500K through an IDO).

  • The protocol’s governance token, , was launched through an IDO (Initial Decentralized Offering) on , and the donors of impactMarket started to be rewarded with $PACT with the mechanism.

  • impactMarket launched the for $PACT holders, enabling them to earn passive income and become the influencers of the protocol’s future health, direction, growth, and impact.

  • In November 2022, impactLabs, the company managing the impactMarket protocol, announced the launch of its validator group, directly supporting the Celo network and helping ensure its integrity. The goal is to donate all profits from running the Validator group directly to impactMarket communities.

Sustainable Development Goals
$3M of funds
over 46,000 beneficiaries in 269 UBI communities
a total of $2.1M
$PACT
Polkastarter
impact Farming
Staking Mechanism