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New crypto coins enter the market all the time.
Most of these are backed by flimsy projects that will fade into obscurity within a few days of going live. Cryptocurrencies underpinned by market relevant projects, on the other hand, go on to make millions for early investors.
In this article, we’re introducing a new cryptocurrency that utilizes blockchain technology to transform the transportation sector – TUK. Let’s take a closer look at the project and whether it can stand the test of time.
📢📢 Exciting news! 📢📢
The most awaited $TUK token Pre-sale is now live for our community.
We will be opening this for the general public soon.
Head over to https://t.co/GvuDgRNJUD and be a part of the future of transportation. pic.twitter.com/uvjLCQYYWl
— TUK Token (@TukToken) August 1, 2023
The Tesla for developing countries
eTukTuk is a new-age three-wheelers that run on electricity.
While most EV brands focus on developed nations, eTukTuk’s primary focus is the public transportation system in developing nations. For this reason, it is called the Tesla of the EV market by the media.
The project’s goal is to help developing nations limit their carbon emissions by nurturing a blockchain-based EV infrastructure. It has chosen the most popular mode of transport in these countries to implement its mission – Tuk Tuks.
eTukTuks are EV Tuk Tuks that run on advanced blockchain and AI designs. The project will begin its journey in Sri Lanka later this year, before expanding its EV network across the world.
The ongoing TUK presale allows investors to get early access to the investment opportunity at possibly the lowest prices.
Crypto with a real-world purpose
As mentioned above, it is important to analyze a project’s market relevance and robustness before coming to a conclusion about its growth potential.
Unlike most new crypto coins, eTukTuk is led by a real-world mission. The public EV infrastructure runs on the BNB Chain’s Layer-2 opBNB protocol. It has high market relevance not just in developing nations, but also in developed nations since climate action is a global endeavor.
1/ eTukTuk 🤝 BNB Chain
A Thread 🧵 pic.twitter.com/1HdaZJMI5K
— TUK Token (@TukToken) September 11, 2023
It addresses aggravating climate change by putting forward a dynamic multi-revenue model that balances sustainability with innovation.
To give you a better perspective, there are over 270 million registered tuk-tuks across the world. As one of the most preferred means of transportation in developing nations, tuk-tuks are a significantly large contributor to air pollution.
eTukTuk’s mission is to turn the tuk-tuk sector carbon-neutral using a peer-to-peer EV ecosystem.
Cheaper manufacturing, better accessibility
eTukTuk has been in development for more than five years now. The project has been exploring how the EV three-wheeler can be optimized so that it is accessible to drivers in developing nations.
The years of research and development have led eTukTuk to set new standards in EV production. For example, eTukTuks are built with less than 200 components. As a result of that, it is easier to manufacture them in developing countries. Local manufacturing significantly reduces the initial investment cost.
Utilizing optimized EV technology, eTukTuk has also been successful in decreasing the operation expenditure by up to 78% compared to traditional tuk-tuks. This in turn makes a big difference when it comes to the earning potential of drivers.
The safety aspect is also worth mentioning. Patented roll cage design and LFP batteries make eTukTuks a safer alternative to their traditional counterparts. With the three-wheeler public transportation sector set to grow, eTukTuk is creating a scalable solution that has the potential to penetrate a large market.
AI integration boosts driver efficiency to optimize routes and minimize battery consumption, in addition to predicting the best time for charging.
The eTukTuk ecosystem is not limited to EVs. It also focuses on improving the EV infrastructure in developing nations through a blockchain-based peer-to-peer network. This is made possible by bringing Territory Partners and Power Stakers into the picture. While territory partners operate charging stations in strategic locations, Power Stakers secure the payment network.
All payments and rewards in the ecosystem are made in the TUK token, the native crypto.
eTukTuks are coming to Colombo
Sri Lanka has over 1.2 million registered tuk-tuks, which makes it the ideal destination to introduce the eTukTuk EV ecosystem.
The rising cost of fuel in Sri Lanka has made it difficult for drivers to earn a living wage. eTukTuk will allow drivers to move to a more cost-efficient system and increase their earning potential by up to 400%. The charging network, in addition, will make drivers switch to EVs as fast as possible.
eTukTuk has partnered with the Capital Maharaja Group (CMG) as part of its launch in Sri Lanka. CMG, a big conglomerate in Sri Lanka, owns a 20% equity stake in eTukTuk in Sri Lanka. eTukTuk has also joined forces with high-profile companies like CityAM, AsiaTokenFund, and NuFi as part of widening its network.
How to become an early-stage investor in eTukTuk?
The best investment gateway to the growing eTukTuk EV ecosystem is the ongoing presale of TUK tokens. The demand and value of the utility token will grow as eTukTuk penetrates developing nations, beginning with Sri Lanka. According to analysts, TUK has the potential to climb 20X up the charts within a quarter of its launch.
TUK staking is now live. The APY at the time of writing is remarkably high at 41646%.
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