Thailand's Finance Ministry will release $150 million worth of government-issued digital tokens to facilitate public investment in the national borrowing plan. The move is among the global trend of countries embracing blockchain-based solutions. Finance Minister Pichai Chunhavajira confirmed the issuance of G-tokens within two months to raise money without issuing debt instruments. The tokens offer Thai citizens an alternative investment with higher returns. The project, fulfilling Bank of Thailand needs, aims to test the appetite of the public and build trust in digital assets. Not functioning as financial obligations, G-tokens provide flexibility in state borrowing under law. Thailand's initiative reflects a global trend towards the use of cryptocurrencies. Dubai and Bhutan, among other countries, are embracing digital payments and crypto alliances as well. Thailand's G-token launch is a significant milestone in the development of finance with the help of blockchain technology, which may be followed by other nations
It just sounds like a form of bond issuance with some fancy tech terminology that is bound to draw in a certain kind of sucker. Unless there is a liquid market to cash these back out again and they pay a certain interest rate, I doubt they are going to raise much money. It's a red flag immediately if they are trying to "raise money without issuing debt instruments" which basically means that people who buy into this are either part of an elaborate government fraud or they are donating all of their money for free when buying this coin. It'd be nice if you included the return on investment for this coin, because otherwise I guess it'll just end up like any of the other thousand altcoins which are sold for $x before crashing far down to $y value.