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eTukTuk is on a mission to revolutionize the two and three-wheeler electric vehicle industry by launching a more affordable EV eTukTuk and a network of charging stations – starting in Sri Lanka later this year. The entire goal of the project is to help drivers in developing nations switch to the sustainable transportation method, which will reduce their operating costs and cut CO2 emissions significantly.
The project is looking to power the future of transportation with The Capital Maharaja Group as a partner, eTukTuk is perfectly positioned to become the market leader in the three-wheeler EV market, which is expected to become the largest EV sector by 2030.
The presale for the native token, $TUK, is currently underway allowing you to become an early adopter of this groundbreaking project that helps to fight climate change and provide earnings for stakers. See our how to buy TUK article.
Here are five reasons why this is expected to be one of 2023s most explosive EV-based presales.
1 – Reducing Carbon Emissions as Switch Made Easier
eTukTuk is one of the only crypto-based projects with a groundbreaking solution to tackle the carbon emission problem in the developing world through its dynamic multi-revenue model that balances sustainability with innovation.
With carbon emissions getting out of control, these developing nations are facing one of their biggest challenges as billions of citizens continue to breathe polluted air, which will eventually result in severe economic damage and deteriorating health if it’s not addressed.
Fortunately, eTukTuk has the perfect solution by replacing the popular three-wheeler internal combustion engines with EVs. Although petrol-powered cars are huge catalysts for pollution, tuk-tuks are more popular in developing countries but are one of the largest contributors to global air pollution. In fact, experts agree that the CO2 emitted from tuk-tuks is substantially higher than traditional cars. eTukTuk is leading the movement to replace the 270 million tuk-tuks globally with three-wheeler EVs.
2 – Removing Price Disparity Amongst Rising Fuel Prices
Fuel prices across the globe have been consistently rising over the past few years, with the war on European soil causing the cost of energy to skyrocket further. Although energy prices are hurting people in the Western world, the rising costs are causing more damage in the developing world.
For example, fuel prices have increased by over 50% in some developing countries, and fuel supplies are experiencing significant shortages. This is causing drivers to be priced out of the market, preventing them from earning and feeding their families.
The introduction of EVs and electric charging stations in the developing world will reduce operating costs for drivers by up to 75%, allowing them to remain profitable in the process. With the EV charging market expected to grow to $111 billion by 2028, eTukTuk is perfectly poised to grab a large market share, translating into significant returns for early adopters of the TUK Token.
3 – Innovative eTukTuk EV production
The great thing about eTukTuk is that the team has spent five years developing its EV solution, allowing them to create a groundbreaking zero-emission vehicle (ZEV) that is built to be safer and more reliable compared to the traditional tuk-tuk.
The eTukTuk takes the concept of sustainability and safety to the extreme by integrating a patented roll cage design that is safer than normal tuk-tuks. Furthermore, it uses an LFP battery, safer than Lithium Ion batteries, and has an 8-year lifespan.
In addition, eTukTuk EVs can be locally manufactured in developing countries using less than 200 components, significantly reducing the cost of manufacturing and, as a result, the price of the EV. As a result, the capital and operational expenses for the eTukTuk could drop by up to 78% for drivers in developing nations.
4 – Efficient Charging Solution Through Territory Partners
Alongside its revolutionary EV eTukTuk, the project has an innovative way to roll out an accessible network of charging stations. The stations will form the backbone of the eTukTuk network and must be highly accessible, compact, and future-proof.
To achieve this, eTukTuk will be attracting Territory Partners to provide the infrastructure required to strategically place the charging stations to ensure accessibility and frequency of charging. They will also deliver the eTukTuk vehicles to customers and give the power to charge vehicles. All the eTukTuk charging stations will be OCPP 2.0 compliant, allowing for interoperability with most EVs to widen the market to other models.
Territory Partners stand to benefit from the network growth as they earn tokens as the eTukTuk ecosystem continues to expand.
5 – TukToken Provides Slick and Seamless Payment and Reward Infrastructure
Finally, eTukTuk has an innovative token economy carefully designed to provide rewards for long-term network participants. Investing in TukToken allows people to join the network and earn rewards while helping to eradicate carbon emissions in developing nations.
TUK token holders stand to earn rewards as the charging network expands. They earn rewards each time drivers use the TUK token to refill their EVs and when passengers use it to pay for eTukTuk rides. Holders simply have to stake their TUK into power nodes to secure the network and earn a yield.
Also see our eTukTuk price prediction post.
Conclusion
Overall, eTukTuk will be the first mover in the space to help bring the EV market to the developing world by providing a very affordable solution for tuk-tuk drivers to switch seamlessly and earn more money to feed their families.
At the same time, investors will continue to earn rewards through the ecosystem – creating a win-win solution for everybody.
The project recently opened the doors to its presale, allowing you to become an early adopter of the token and invest at the lowest possible prices.
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