Bybit is committed to providing practical support for sustainability and gender equality in India
- Bybit is committed to planting and nurturing 100,000 fruit trees in India through its partner One Tree Planted
- Bybit recognizes the importance of giving thanks and responsibility to future generations by building a sustainable future
- This project aims to support poor communities in India and provide sustainable livelihood and food to disadvantaged families
India, February 14, 2022 – Bybit, one of the fastest growing crypto exchanges in the world, has committed to planting and nurturing 100,000 fruit trees in Haryana, Uttar Pradesh, Uttarakhand, Rajasthan, Maharashtra, Odisha and West Bengal in India through One Tree Planted partner.
By supporting the India 2022: Fruit Trees Against Hunger project from February 14, 2022 to November 30, 2022, Bybit will serve disadvantaged communities by helping farmers create sustainable livelihoods and provide their families with nutritious food. The initiative also represents the long-term goals of combating pollution, conserving water and combating soil erosion.
Three years after planting, each fruit tree helps generate an income of $10 per tree per year. The project also shows the plan to build a stable source of income to fight hunger, malnutrition and poverty in these rural communities. The project will also create employment opportunities for local women in tree nurseries to reduce gender inequality for disadvantaged groups.
One Tree Planted will establish a new large-scale nursery in Mirzapur this year to reduce the need to transport seedlings (saving on costs and CO2 emissions) while improving the quality of the young plants as they adapt to the local conditions can be adjusted. These incubators will employ local workers, including widows and the elderly, who face many inequalities in already marginalized communities.
Bybit shares One Tree Planted’s insight into a greener future.
In addition to local economic benefits, the project will pilot a “plastic-free nurseries” program, replacing plastic nursery bags with jute stalks and rice plants to reduce tons of plastic waste. This process will be tested on a small portion of the trees in 2022 and will be rolled out further in the coming years. It is known that One Tree Planted has started supporting this project with its local partner Sustainable Green, founded in 2017. Together they have planted 3.5 million fruit trees across India to date. One Tree Planted has planted more than 40 million trees in 43 countries since 2014.
“As Bybit expands globally, we recognize the importance of contributing to society at large and it is our responsibility to ensure that future generations have the opportunity to experience a sustainable future. The issues of sustainability and inequality are always close to our hearts, which is why we support organizations like One Tree Planted that are developing solutions that will benefit millions of people for years to come,” said Igneus Terrenus, Bybit’s communications director
“We appreciate Bybit’s support and all the great achievements we can achieve during this partnership. Through the Fruits Against Hunger project we will be able to plant more trees to support people, communities and biodiversity in India,” said Ashley Lamontagne – Forest Campaign Manager.
About a tree planted
One Tree Planted is a 501(c)(3) non-profit organization with a mission to teach people that protecting the environment is nothing more than planting trees. Her projects span the globe and are carried out in partnership with local communities and experts to make a positive impact on nature, people and wildlife. Planting trees helps regenerate forests after fires and floods, creates jobs for society, and restores biodiversity. Many projects have overlapping goals and create common interests that contribute to the United Nations Sustainable Development Goals. Learn more at onetreeplanted.org.
Bybit is a crypto exchange founded in March 2018 to provide a professional platform where crypto traders can find an extremely fast execution engine, excellent customer service and multilingual support. The company offers innovative online spot and derivatives trading services, mining and staking products, and API support to retail and institutional clients worldwide and strives to be the most trusted exchange for the emerging digital asset class.
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Disclaimer: This is a press release, not investment advice.
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