Bybit Pledges 100,000 Fruit Trees Across India for Green Initiative

Bybit has pledged to plant and nurture 100,000 fruit trees across Haryana, Uttar Pradesh, Uttarakhand, Rajasthan, Maharashtra, Odisha, and West Bengal in India. The cryptocurrency exchange is aiming for this through its partnership with One Tree Planted.

Additionally, One Tree Planted will build a new large-scale tree nursery in Mirzapur this year to reduce the need to transport saplings. Other than saving costs and reducing carbon emissions, it also improves the quality of saplings as they acclimatize to local conditions.

Furthermore, these nurseries will employ a local workforce of widowed and elderly women. This is in order to support this group that faces many inequalities in the already marginalized communities.

Bybit’s Head of Communications Igneus Terrenus shares how Bybit recognizes the importance of giving back to society. Terrenus stresses the responsibility of ensuring that future generations experience a sustainable future. Additionally, Terrenus shares Bybit’s support for One Tree Planted’s solutions to promote sustainability and reduce inequality.

Meanwhile, One Tree Planted’s Forest Campaign Manager Ashley Lamontagne shares her appreciation towards Bybit.

We appreciate the support of Bybit, and all the great work we will be able to do as a result of this partnership. Through the Fruit Trees to Fight Hunger initiative we will be able to plant more trees to support the people, community, and biodiversity in India.

Bybit will be helping smallholder farmers in marginalized communities by supporting the “India 2022: Fruit Trees to Fight Hunger” project. This project will help the participating farmers create sustainable livelihoods and provide nutritious food for their families and community. It also manifests long-term goals of conserving water, preventing soil erosion, and fighting pollution.

After three years of planting, each fruit tree will help generate an income of $10 for every tree per year. The pledge will establish a steady source of income to fight hunger, malnutrition, and poverty in vulnerable rural communities. Additionally, it will also create job opportunities for local women in tree nurseries and lessen gender inequality in underprivileged groups.

The project will also launch a “plastic-free nursery” program. This program will replace plastic nursery bags with jute and paddy stalks to reduce plastic waste. A trial on a small portion of trees will begin in 2022 and will be rolled out in later years.

Since 2014, One Tree planted has grown over 40 million trees in 43 countries. While it has supported this project since 2017, alongside its local partner Sustainable Green Initiative. Currently, They have planted 3.5 million fruit trees across India.