Blu Green Token Trading Debut and DITTO Fundraising

Prachachat•Economy•1d ago

Reader Briefing

DITTO launched the Blu Green Token on Bitkub Online to raise 480 million baht for mangrove forest restoration and carbon credit technology.

•Blu Green Token opened at 8.30% above its subscription price of 1.20 baht on Bitkub Online.
•DITTO aims to raise 480 million baht from the sale of 400 million tokens.
•Funds will support the restoration of 17,531.04 rai of mangrove forests registered with T-VER and Premium T-VER.
•The project utilizes high-tech monitoring including drones, AI, satellite imagery, and the Tree Detection App (TDA).

Overview

•Blu Green Token is Thailand's first environmental investment token using carbon credits from STCT's mangrove restoration projects as reference assets.
•Blu Green Token opened at 8.30% above the 1.20 baht subscription price and later rose to 1.44 baht, an increase of 20.00%.
•DITTO will use the 480 million baht raised to plant and maintain 17,531.04 rai of mangrove forests registered with the Thailand Greenhouse Gas Management Organization (TGO).
•DITTO is integrating drones, AI, satellite monitoring, and the Tree Detection App (TDA) developed by Siam TC to verify carbon credits.
•Thakorn stated that restored mangrove forests will serve as nurseries for marine animals, benefiting local fishing communities and reducing coastal erosion.
•DITTO is expanding into a new 'Green Tech' business group following a policy by the Department of Marine and Coastal Resources (DMCR) allowing private sector participation in mangrove planting for carbon credits.
•DITTO's core business is Document & Data Management Solutions, which aims to reduce paper usage and tree cutting.
•Token X believes this project will enhance the Thai digital asset market by linking investment with concrete sustainability.

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Key Quotes

Thakorn

"The income from the sale of 400 million Blu Green Tokens, valued at 480 million baht, will be used for planting, replanting, and maintaining mangrove forests covering 17,531.04 rai."

โดยรายได้จากการขาย Blu Green Token จำนวน 400 ล้านเหรียญมูลค่า 480 ล้านบาทจะนำไปใช้ในการปลูก ปลูกซ่อม และดูแลรักษาป่าชายเลนครอบคลุมพื้นที่ 17,531.04 ไร่

Key Entities

Organization

DITTOℹ️

A Thai company specializing in Document & Data Management Solutions that has expanded into the Green Tech business.

Bitkub Online(บิทคับ ออนไลน์)ℹ️

The platform where Blu Green Token began trading.

STCT

An entity participating in the mangrove restoration projects that provide the reference assets for Blu Green Token.

Thailand Greenhouse Gas Management Organization (TGO)(องค์การบริหารก๊าซเรือนกระจก (อบก.))

The organization responsible for the Standard T-VER and Premium T-VER registrations.

Siam TC

The developer of the application used in the digital database system for the project.

Department of Marine and Coastal Resources (DMCR)(กรมทรัพยทากรทางทะเลและชายฝั่ง(ทช.))

The government agency with a policy allowing private sector participation in mangrove planting for carbon credits.

Token X

An entity that expressed confidence in the project's ability to link investment with sustainability in the Thai digital asset market.

Person

Thakorn(ฐกร)

A representative of DITTO who provided details regarding the fundraising and environmental goals.