ImpactMarket is a poverty reduction protocol that allows any vulnerable community to implement inclusive financial mechanisms, such as unconditional basic income (UBI).
It is an enforcement-level protocol designed to combat extreme poverty quickly and effectively while strengthening local authorities & social change, bottom-up economic development and prosperity. ImpactMarket operates as a DAO, in addition to the Celo network, using cUSD (Celo Dollar) as its main digital currency and $PACT as its governance token, while operating autonomously through smart contracts. . In addition to UBI, ImpactMarket is working to provide free access to more financial services. Given the design of the Celo network and its current DeFi ecosystem, ImpactMarket is uniquely positioned to drive DeFi adoption and retention by integrating & offering DeFi solutions directly to the mobile phone to those who need them most.