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$TUK, the token behind eTukTuk, is turning into a green oasis for the developing world as it’s set to unveil a suite of affordable EV solutions.
The project is the first crypto-based EV company that seeks to accelerate the uptake of EV adoption in underprivileged communities through an affordable tuk-tuk EV alternative.
eTukTuk is ready to start rolling out its first batch of three-wheelers, beginning with Colombo, Sri Lanka.
$TUK is your gateway to earning a passive income from this ecosystem as more EVs hit the streets.
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eTukTuk is described as one of the most revolutionary sustainability projects for the developing world this decade as it seeks to help underprivileged countries join the EV revolution.
Rooted in the real world, this Web3 project intends to push developing nations into a sustainable future with its affordable EV solutions.
Alongside its innovative three-wheeler EV, eTukTuk will also place the charging infrastructure required to charge EVs in developing countries.
eTukTuk Becomes a Green Oasis In Developing Countries For Sustainable Transport
eTukTuk is seen as a green oasis in developing countries as it seeks to bring sustainable transport solutions to the region.
The EV revolution is making strides in the developed world as the number of EVs continues rising year-on-year.
However, the technology behind these vehicles remains far too expensive for developing nations to participate in, leaving them out of the sustainability revolution.
eTukTuk intends to be one of the first movers to change this dynamic through affordable EV solutions.
The project starts with a three-wheeler EV designed to replace the traditional tuk-tuk.
With over 270 million tuk-tuks registered worldwide, it’s one of the most popular modes of transport in developing countries.
Unfortunately, these tuk-tuks have been proven to emit more carbon emissions than traditional cars, making them a large contributor to air pollution.
eTukTuk wants to remove this pollutant by helping drivers shift to a sustainable EV version of the tuk-tuk.
Three-Wheeler Ready to Roll After Five Years of Development
1/ Hold onto your seats as we introduce eTukTuk – The Future of Urban Mobility.
In this thread, we'll unveil the exceptional features that are set to transform the way we navigate our cities.
Safety, efficiency, and sustainability are just the beginning. 🧵 pic.twitter.com/8zwd6sxuoq
— eTukTuk (@eTukTukio) August 31, 2023
The three-wheeler solution is ready for its first production run after five years of development.
The team intends to set new standards in EV production by enabling the three-wheeler to be locally manufactured.
Alongside creating jobs for the region, local manufacturing also helps drive down production costs significantly.
With reduced production and operational costs, the team estimates drivers can take home up to 400% more in monthly wages.
The eTukTuk itself is built to be safer than the traditional tuk-tuk, with a patented roll-cage design to keep passengers safe.
It’s also much more reliable and comes with an LFP battery pack that has an eight-year lifespan.
In addition to the EV, eTukTuk will unveil a string of charging stations to help drivers charge their EVs.
The team will reduce start-up inefficiencies by onboarding Territory Partners to place and maintain the charging infrastructure in local territories strategically.
$TUK Token: Earn Rewards as Network Expands
The $TUK token is your opportunity to earn passive income rewards as the network expands and profit from the value appreciation as the company grows.
With the two and three-wheeler EV sector expected to grow into the largest EV segment by 2030, investing in $TUK early provides substantial returns.
$TUK forms the backbone of the eTukTuk ecosystem and is the utility token that drivers will need to use to charge their vehicles.
As a result, the collective yield from stakers on the network grows as more drivers charge their EVs.
Once eTukTuk starts expanding to neighboring countries after Sri Lanka, the passive income rewards are expected to increase exponentially.
The team chose Sri Lanka as a testbed because it has over 1.2 million registered tuk-tuks. With prices rising at gas stations, many drivers are starting to struggle to earn a basic wage. eTukTuk intends to set the blueprint here before a worldwide expansion plan.
In addition to the EV and the charging station, eTukTuk will leverage AI in its ecosystem.
For example, eTukTuk will integrate AI into the driver app to increase efficiency by optimizing driving routes to minimize battery consumption.
The team will also be releasing a fun play-to-earn game to bring more utility to the Web3 part of the ecosystem,
Overall, eTukTuk is a sustainability project you don’t want to miss out on in 2024, as its fleet will hit the streets.
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