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DITTO Launches Blu Green Token on Bitkub

DITTO Launches Blu Green Token on Bitkub

Thansettakij•Economy•22h ago

Reader Briefing

DITTO has listed Blu Green Token on Bitkub to fund mangrove forest restoration and carbon credit projects.

  • •Blu Green Token began trading on Bitkub with an initial price increase of 4-8% over the ICO price.
  • •The ICO raised 480 million baht from the sale of 400 million tokens at 1.20 baht per token.
  • •Proceeds will fund the initial restoration of 17,500 rai of mangrove forests.
  • •DITTO utilizes drones, satellite imagery, and data measurement systems to monitor forest growth and carbon sequestration.

Overview

  • •Blu Green Token reached 1.3 baht in the first hour of trading, up from the ICO price of 1.20 baht.
  • •DITTO raised 480 million baht by selling 400 million Blu Green Tokens.
  • •DITTO will use the funds to develop an initial mangrove restoration project covering 17,500 rai, approximately 10% of the total target area.
  • •DITTO has collaborated with the Department of Marine and Coastal Resources and local communities for over 3 years.
  • •Thakorn stated Blu Green Token is based on Blue Carbon concepts because mangrove ecosystems absorb greenhouse gases efficiently and have higher value than general forest carbon credits.
  • •DITTO employs digital technology, including drones and satellite imagery, to increase project transparency and reliability.
  • •Thakorn expects the Climate Change draft law to be considered by the Cabinet next year.
  • •The transition from voluntary to mandatory carbon credit systems under upcoming laws is expected to increase the value and demand for carbon credits.

Full article content is available on the original source.

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Source: Thansettakij (Original)

Key Quotes

Thakorn
"The response has been very good, from large investors, the general public, and large companies who see that carbon credits will become an important business asset in the future."
กระแสตอบรับดีมาก ทั้งจากนักลงทุนรายใหญ่ ประชาชนทั่วไป รวมถึงบริษัทขนาดใหญ่ที่มองเห็นว่าคาร์บอนเครดิตจะกลายเป็นสินทรัพย์สำคัญของภาคธุรกิจในอนาคต
Thakorn
"Our goal is not just to generate investment returns, but to create a business that grows alongside sustainability in terms of environment, economy, and community quality of life."
เป้าหมายของเราไม่ใช่เพียงการสร้างผลตอบแทนจากการลงทุน แต่ต้องการสร้างธุรกิจที่เติบโตควบคู่กับความยั่งยืน ทั้งด้านสิ่งแวดล้อม เศรษฐกิจ และคุณภาพชีวิตของชุมชน

Key Entities

Organization

DITTOℹ️
A company providing digital document management services that expanded into mangrove forest restoration and tokenization.
Bitkubℹ️
The platform where Blu Green Token began trading.
Department of Marine and Coastal Resources(กรมทรัพยากรทางทะเลและชายฝั่ง)
The government agency DITTO has collaborated with for over 3 years on mangrove projects.

Person

Thakorn(ฐกร)
A representative of DITTO who provided details on the Blu Green Token and carbon credit market.

Law

Climate Change Draft Law(ร่างกฎหมายด้านการเปลี่ยนแปลงสภาพภูมิอากาศ)
Proposed legislation expected to be considered by the Cabinet next year to regulate greenhouse gas emissions.