【Thailand Progress】Web3.0 Technology (Thailand) Co., Ltd. has officially reached a cooperation with Token X in the EV Bike project

Web3.0 Technology (Thailand) Co., Ltd. has reached a partnership with Thailand's leading digital asset tokenization company, Token X. The EV Bike project aims to promote sustainable urban mobility and implement the Green Social Sustainability Token (GSST). The collaboration seeks to explore the applicability, feasibility, and appropriate structure of applying digital technology to the electric vehicle (EV) bicycle project, and to seek professional advice on potential opportunities for future projects, as well as financial and digital asset consulting services to study, review, and assess the feasibility of issuing digital assets, including evaluating business, financial, and structural factors, as well as compliance with the applicable rules, regulations, and notification requirements of the Securities and Exchange Commission (SEC) and other relevant laws. Therefore, Token X will provide relevant services for the EV Bike project company.

A partnership dedicated to public welfare, regional growth, and technological autonomy

This collaboration aims to strategically bring tangible benefits:

1. Popularizing green mobility and ecological participation: Citizens will have the opportunity to participate in the contribution and incentives of the green mobility ecosystem through the GSST token while accessing affordable electric bicycle services. This will transform users into active participants in the ecosystem, fostering a sustainable, community-incentivized green society.

2. Building regional GSST ecological standards: The core mission of this collaboration is to develop a standardized, interoperable GSST token framework. The EV Bike project will serve as a foundational blueprint, demonstrating how this framework can be applied across various aspects, from tracing sustainable consumption behaviors and green credit incentives to fragmented environmental asset investments, thereby establishing replicable standards in the ASEAN region.

3. Demonstrating the practical value of Web3.0: This collaboration deeply integrates the technological infrastructure of Web3.0 with Token X's expertise in asset tokenization, fully reflecting the practical application potential of Web3.0 technology in driving the transformation of the real economy and creating verifiable social and environmental value. Both parties have built a highly transparent, traceable, and efficiently collaborative asset digitalization ecosystem, ensuring the authenticity and reliability of green mobility data and carbon footprint records, laying a scalable technological foundation for future integration of IoT data and dynamically adjusting incentive models, thus achieving systematic optimization of social benefits, environmental impact, and economic models.

4. Creating inclusive employment and livelihood value: The project plans to focus on serving a large flexible employment group, such as delivery workers and individual entrepreneurs, through a "zero down payment, low-cost" vehicle usage model. It aims to lower the operational threshold for riders, providing sustainable employment opportunities for over 1.65 million entrepreneurial individuals through the deployment of vehicle service networks and innovative business operation models, allowing them to integrate into the digital economy's business ecosystem and gain practical employment support and income enhancement pathways.

This collaboration with Time Trace Chain (TT Chain) as the underlying technical framework signifies a milestone step for the on-chain's first compliant GSST project. The 1.65 million jobs created by EV Bike will serve as a significant entry point for stablecoin applications when Thailand's stablecoin is launched, with an expected realization of daily payment needs for 1.65 million riders within three years.

Based on the contributions of riders, the application-based token BTTC (Bike Time Trace Contribution) will be awarded as a reward, requiring a large amount of on-chain rights confirmation and quantitative distribution. The daily usage frequency in the tens of millions will create a significant demand for Time Trace (TT) as a technical service fee, achieving mass adoption. Therefore, the implementation of the EV Bike project will create substantial TVL (Total Value Locked) and DAU (Daily Active Users) for TT Chain, also practicing TT Chain's focus on GSST, Infra-backed, and Debt-like principles.

What is AI Mall?

AI Mall is not a flagship store, nor is it a collection of 75 merchants linked to a flagship store, nor is it a shopping center. AI Mall is a diversified, convenient ecological smart living business circle. EV Bike, EV Car, and EV Station are specific embodiments of the new energy industry and transportation infrastructure within this business circle.

Empowered by blockchain technology, the digital economy + artificial intelligence = industrial renewal × N = urban renewal will create unique scenarios and solutions across multiple fields. Rich application scenarios in the livelihood sector are expected to enhance per capita GDP by approximately 53%!

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