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The crypto market has a wealth of projects that are working on good causes, but they are a bit haphazardly designed at the moment. On top of that, these have yet to garner support from the wider world, which is required if it is to meet widespread and deep adoption.
However, there is one project that has managed to tick off all of these boxes – eTukTuk (TUK). An ecosystem that is simultaneously helping bring down carbon emissions while also boosting the take-home pay of drivers. The project comes at the perfect time when investors and users are keen on making use of eco-friendly solutions.
How Blockchain Tech Powers eTukTuk – And Empowers Tuktuk Drivers
eTukTuk is more than just an EV company.
Our ecosystem enables drivers to increase their take-home pay by 400% over 5 years taking into account annual maintenance, operational costs, and upfront costs.
It’s a movement to drive real social and financial impact. 🌍💰#eTukTuk pic.twitter.com/dzsQjm9zrX
— eTukTuk (@eTukTukio) June 8, 2023
Blockchain technology is at the center of eTukTuk’s ecosystem, and with its design, it not only helps reduce carbon emissions but also empowers tuk-tuk drivers by giving them more take-home pay. The use of eco-friendly transportation methods is especially important in developing countries, where public transport and tuk-tuks are common and affordable means of transport. The drivers themselves can benefit from increasing their take-home pay by 400%!
The primary objective is to set the standard for the future transition to electric vehicle transportation. As a user, you have the chance to actively participate in the effort to combat carbon emissions and profit from it.
The eTukTuk EV is simply an alternative to the traditional TukTuks, and of course, there are charging stations aplenty. This will not only help drivers and the economy but also boost the transition into EVs. The team aims to make this a viable worldwide phenomenon, and there’s some progress being made in this regard, as we shall see.
The TUK token, which powers the entire ecosystem, is what helps the project move towards the goal of permanently eliminating carbon emissions from the planet. It gives users the ability to earn incentives as the network of effective charging stations grows. The team highlights that the impact extends beyond ecological benefits and includes helping marginalized populations deal with high levels of income inequality.
The ecosystem works by requiring drivers to pay to recharge their cars, which brings in money for the network. In parallel, each transaction that is executed grants TUK tokens to territorial partners and power stakers. As the network’s reach grows, this scalable strategy enables a steady transition away from reliance on fossil fuels both locally and globally.
eTukTuk’s Ecosystem is Growing, Boosting Presale Numbers
Before we get into the details of the presale, it is worth noting that the project has done a lot to expand its presence and work with major entities. Among these is a partnership between eTukTuk and The Capital Maharaja Group, a renowned conglomerate in Sri Lanka known for its wide involvement across numerous private sector domains and over 44 global collaborations, which was also announced earlier this year. The Capital Maharaja Group obtained a 20% equity position in eTukTuk’s operations in Sri Lanka as part of the framework of this cooperation, indicating a major relationship.
The joint venture between eTukTuk and the Sri Lankan government is another significant and important relationship. Government assistance is being used to facilitate the establishment of more than 200 charging station locations, which will greatly benefit drivers. The intended result is that drivers will save up to 400% on operating costs compared to driving TukTuks powered by fossil fuels.
The project has almost managed a strategic partnership with AsiaTokenFund, which will help grow the platform in the Asian markets. Similarly, a marketing initiative on London buses has been launched, which helps expose the project in London.
eTukTuk uses the BNB Chain, specifically having integrated BNB Chain’s Layer 2 opBNB into its operational architecture is a particularly noteworthy step. This tactical choice demonstrates eTukTuk’s ongoing commitment to enhancing productivity and fostering innovation, opening up promising opportunities for those embracing cryptocurrency. The decision to switch to BNB Chain is mostly due to its Proof of Staked Authority (PoSA) consensus mechanism’s remarkable scalability, which has shown substantial growth during 2023.
There are many opportunities for the future on the horizon, including a variety of developments planned for Q4 2023. These include the first installation of charging stations in Sri Lanka, a formal government launch, the completion of the driver app, and the development of the passenger app.
As for the presale, the TUK is currently being sold for a price of $0.0245, with the price naturally increasing when the next stage arrives. The token can be purchased with either BNB or USDT, and the process itself is very simple. It has managed to raise over $150,000 so far.
Conclusion
eTukTuk is exactly the kind of project that the crypto market needs – one that is doing good for the world while also individual stakeholders better their lives. Those who have a desire to help their local economies and the world at large should seriously consider the TUK presale, which is fast selling out.
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