How To Buy eTukTuk (TUK) On Presale

A whopping 99% of the global population breathes in polluted air. This polluted air has been found to reduce human lives by 1.5 to 3 years, especially in developing countries. Besides air pollution generated from burning fossil fuel by manufacturers, internal combustion engines (ICEs) found in most vehicles account for a vast number of poor air quality.

eTukTuk is looking to redefine the transportation ecosystem and create a sustainable and inclusive charging station infrastructure in developing nations.

In this article, we will delve into what the eTukTuk ecosystem is all about and how to buy the TUK token in its ongoing presale.

What Is eTukTuk?

eTukTuk is a blockchain project aiming to tackle the current global carbon emission challenge.

Based on the Binance-owned BNB chain, this project is focused on developing a sustainable transportation system for bubbling and densely populated cities. This system aims to enhance movement within these cities while maintaining the air quality crucial for residents’ well-being.

One detail that needs to be considered is that eTukTuk is an electric version of the popular two-and three-wheeler vehicles often found in developing economies. In these regions, deficient road infrastructure often translates into prolonged periods of traffic congestion. As a result, many individuals rely on these agile transportation options to ensure timely arrivals at their destinations.

Many TukTuks globally run on highly polluted internal combustion engines (ICEs). This engine infrastructure uses fossil fuels and disposes of carbon dioxide, which environmental experts have cited as a key component in greenhouse effects. Globally, there are 270 million TukTuks that rely on this age-old engine system, making them walking capsules of carbon emissions.

The eTukTuk Solution

eTukTuk is looking to change this narrative by using blockchain technology. In the past five years, the platform has been diligently working to establish an ecosystem that prioritizes air quality and curbs health issues linked to carbon dioxide exposure. It also aims to provide a financially inclusive experience for everyone.

For a start, the platform plans to deploy electric vehicle supply equipment (EVSE) or eTukTuk charging stations in several urban and developing regions. This EVSE charging infrastructure runs on a DC GB/T standard which churns out 7 to 22kW, enabling the efficient charging of TukTuks and compatible electric vehicles.

Even more impressive, the EVSE will comply with OCPP 2.0 and other newer protocols, making them a top-notch charging infrastructure for a wide range of EVs. Working with partners in different regions, eTukTuk will place its charging stations in strategic locations all across the globe to enable accessibility for anyone.

Furthermore, all the platform’s EVSE systems will be operated using solar energy, reducing reliance on regional power grids. This will make them always available for EV owners to charge their automobiles.

However, eTukTuk’s offering doesn’t end here. It also runs a new generation of two and three-wheeler TukTuks, which runs solely on batteries. These are called zero-emission vehicles (ZEVs). The ZEVs are fully compatible with eTukTuk’s EVSE charging station infrastructure. More so, it is proprietary and can be built using less than 200 components locally sourced.

These ZEVs run on 250-kWh batteries, lasting up to 8 years before requiring a replacement. With the benefits of the EVSE infrastructure, domestic production of these three-wheelers, and unique partnerships, owners of these vehicles stand to enjoy a 78% reduction in costs compared to an ICE-powered TukTuk.

Buy eTukTuk

TUK Utility Token

Like any new-generation blockchain protocol, eTukTuk runs on a native decentralized token called TUK. The token serves multiple functions in the blockchain system, including a payment mechanism for charging EVs through the Driver app.

Additionally, TUK will function as a staking mechanism which requires locking up the asset in smart contracts to secure the network. In return, stakers earn rewards payable in TUK for ensuring the network’s overall health.

Blockchain Choice

While eTukTuk is not the first EV-focused initiative looking to revolutionize the transportation industry, it is a novel blockchain protocol looking to address this issue. The platform’s choice of a layer-1 blockchain is also a curious concept, as it has picked BNB Chain over the Ethereum network, the leading smart contract platform for most decentralized applications (dApps).

The platform’s choice is based on higher processing speed, lower fees, and direct access to the burgeoning Binance ecosystem. This will enable drivers to access the contactless Binance Pay system and the Binance Connect for fiat to crypto on and off-ramps.

eTukTuk will operate on the BNB Chain layer-1 protocol while getting support from its opBNB network.

Currently in its early development stages, eTukTuk allows early backers to key into its presale. At the time of writing, each TUK token is selling at a presale value of $0.024, which is a 40% discounted value. The minimum required deposit is $1. eTukTuk has already garnered over $17,700 from early investors, pointing to growing demand.

eTukTuk Project Analysis

Carbon emissions are a major threat to the continued sustenance of the planet. According to the United States Environmental Protection Agency (EPA) report, carbon dioxide from fossil fuel and industrial processes accounted for 65% of the greenhouse gasses emitted from human activities.

Methane follows a distant second at 16% from biomass burning and waste management, while carbon dioxide from forestry and other land use practices completes the triangle.

A Statista report which tracks an 82-year carbon emission calendar further corroborates these alarming figures. According to the report, carbon dioxide emissions from fossil fuel and industrial processes stood at 37.12 billion metric tonnes (GtCO2) in 2021.

Emissions rose by 0.9% to 37.5 billion metric tonnes the following year. This brings into context the need to cut carbon emissions if the planet intends to retain its ozone layer.

In this report, Statista noted that developing economies in Asia accounted for the most spike in carbon dioxide emissions. This underscores the urgency for a sustainable and scalable blockchain solution within the transportation sector.

eTukTuk is paving the way for individuals to maintain their daily commuting routines without causing harm to the environment. By harnessing the power of renewable energy sources such as solar, this platform is reshaping the landscape of commercial transportation. It empowers three-wheeler drivers to significantly reduce their reliance on fossil fuels while preserving their earning potential.

The ripple effect of this peer-to-peer (P2P) system extends to enhanced access to financial services for drivers in underserved communities. Leveraging the Binance Connect system, they can conveniently convert their standard fiat currency into the TUK token, facilitating payment for their charging fees.

Subsequently, they can earn TUK tokens through ‘Power staking,’ a mechanism designed to fortify the network against malicious actors. This will boost financial inclusivity for the 1.4 billion adults reportedly unbanked worldwide.

How to Buy eTukTuk – Complete Guide

Below is a comprehensive guide detailing the steps to purchase eTukTuk’s native token TUK. Although the procedure aligns with what has been previously outlined, this in-depth guide offers a more detailed, step-by-step approach.

• Visit eTukTuk Presale Website

The first step is to head over to the presale website of the token. This is the only authentic means of accessing the green transportation token. To do this, head over to the buy.tuktoken.io website. Since this is the first step towards accessing the platform, we recommend using a Metamask or Trust Wallet address.

If you don’t have any of these software wallets, you can simply download them from the iOs or Google Play store. However, this is a BNB Chain-powered protocol, so we recommend the Trust Wallet.

• Insert Amount

The next step is to fill in the amount of the TUK token you intend to purchase. To do this, type the amount to buy (the minimum is $1), and the equivalent amount of the TUK asset that will be sent to your wallet address will be displayed.

• Connect Wallet

To proceed, tap on the ‘Connect Wallet’ button. This will show a list of crypto wallets to connect to. Select ‘Trust Wallet’ from the list of options. Click on ‘Connect’ from the pop-up window to confirm connecting to the eTukTuk website.

• Confirm Transaction

Once the crypto wallet has been connected, confirm the purchase by clicking the ‘Confirm’ button on the Trust Wallet app. Before doing this, ensure the required amount is available in the crypto wallet, including the transaction fees required to process the transaction. Once this is done, the transaction will be confirmed.

• Claim TUK Tokens

After the presale concludes, early investors can retrieve their TUK tokens. You will be notified on the platform’s social media channels once it’s time to claim tokens. To claim your TUK tokens, head back to the presale website and connect your crypto wallet. Next, click the ‘Claim’ button to receive the tokens in your wallet.

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eTukTuk Tokenomics

In our review, we discovered that the TUK token has a hard cap limit of 2 billion tokens that will ever be in open circulation. The entire asset is then split across several categories, including operations fund, presale, and marketing, amongst others. Below is a graphic image for a more detailed amount of assets that will be distributed across all segments:

For now, early bird investors can get the TUK token for a bargain price of $0.024. This is a 40% discount sale, and investors can tap into this one-time offer to join a promising blockchain solution.

eTukTuk Roadmap

The roadmap provided below outlines the objectives of the eTukTuk project.

Q1 2023

• White Paper released.
• Sri Lanka as launch territory announced.
• Vault development begins.

Q2 2023

• Prototype eTukTuk unveiled.
• Vault completed.
• Token sale – 27th of June, 2023.

Q3 2023

• TUK token launch on CEX (Tier 1 and Tier 2).
• Power staking commences.
• Prototype charging station unveiled.

Q4 2023

• First charging station installed in Sri Lanka.
• Official government launch of eTukTuk.
• Production of eTukTuk in Sri Lanka begins.

Is eTukTuk a Good Investment?

The eTukTuk project holds significant potential as a new initiative capable of ushering in a favorable transformation within the transportation sector of developing economies.

However, for investors interested in the project, we will explore several reasons it could be a good investment.

A Growing Market Size and Demand

The electric vehicle charging station market is anticipated to experience substantial growth, with an estimated increase of $16.43 billion in 2023 to $141.08 billion by 2030.

This growth is projected to occur at a Compound Annual Growth Rate (CAGR) of 36% and is attributed to the market demand returning to pre-pandemic levels.

However, while this sector has the potential for further expansion, certain challenges must be addressed. The lack of affordable electric vehicle models currently poses an obstacle for the charging station market. Additionally, the high initial cost of electric vehicles may hinder its progress.

On the other hand, by 2030, electric two-and three-wheelers are expected to dominate the electric vehicle (EV) sector.

According to the Sustainable Development Scenario by the IEA, the EV market is predicted to witness a remarkable 75% increase, reaching 490 million vehicles by 2030.

Most of this growth is anticipated to stem from Asian markets, providing promising opportunities for expansion in the sector.

eTukTuk aims to be a scalable solution that could be replicated across developing countries. This infrastructure expansion could effectively support the compulsory switch to electric vehicles and help mitigate developing nations’ challenges.

Harnessing Blockchain Technology

Utilizing blockchain technology, the eTukTuk ecosystem gains a significant advantage over the existing infrastructure in developing nations. This innovative solution enhances the payment system for drivers by enabling the efficient use of the TUK token, thereby reducing resource wastage and streamlining transactions.

The system’s capabilities facilitate smooth communication among various components, including the eTukTuk vehicles, charging stations, drivers, mobile app, and the centralized control center responsible for managing the entire network.

Banking the Unbanked

eTukTuk firmly believes that decentralized identities will play a crucial role in providing banking services to the unbanked population. Currently, there are over 1.7 billion adults worldwide who lack access to banking facilities.

eTukTuk is committed to promoting financial inclusion and plans to issue digital identities and verifiable credentials of the highest quality to all drivers who become part of its ecosystem.

To achieve this goal, eTukTuk will collaborate with Binance, utilizing their digital identity solutions to onboard millions of digital identities onto the network.

eTukTuk Token Rewards

Individuals who participate in staking TUK within the network will have the chance to share in the ecosystem’s achievements by earning rewards in exchange for contributing to the shared economy.

This staking process, known as Power Staking, enables participants to stake TUK into Staking Contracts in each operational jurisdiction of the project.

The eTukTuk ecosystem is thoughtfully designed to foster the growth of the sharing economy, ensuring that everyone can benefit from cleaner air, financial inclusivity, and a healthier outlook as the network expands.

Also check out our eTukTuk price prediction post.

Conclusion

The eTukTuk project presents a promising and impactful innovation for transportation in developing economies. With a focus on sustainability and affordability, it seeks to promote financial inclusivity while bringing positive transformations to the industry.

In our article, we thoroughly explored the process of acquiring eTukTuk tokens, delving into Tokenomics and the project’s roadmap. Furthermore, we highlighted its benefits and features for potential investors to aid decision-making. As adoption expands, so do the rewards associated with this environmentally friendly transportation model.

Currently in its early presale phase, TUK is available for investors at a 40% discount price of $0.024, which will end once it enters the next phase price of $0.028. The project has already raised over $18,000 so far in 5 days, making it an appealing opportunity for investors.

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