{"id":430603,"date":"2023-08-17T08:38:22","date_gmt":"2023-08-17T08:38:22","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=430603"},"modified":"2023-08-17T08:38:22","modified_gmt":"2023-08-17T08:38:22","slug":"why-tuk-should-be-on-every-crypto-watch-list-this-year","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/why-tuk-should-be-on-every-crypto-watch-list-this-year","title":{"rendered":"Why TUK Should be on Every Crypto Watch List this Year"},"content":{"rendered":"

In this article, we are introducing to you one of the most promising crypto projects of 2023 \u2013 eTukTuk<\/a>. We will take a closer look at the underlying blockchain vision and how it supports the value of the native cryptocurrency TUK.<\/p>\n

Tuk Tuks on EV<\/h2>\n

If you have traveled in South Asia, you don\u2019t need an introduction to Tuk Tuks. Also called auto rickshaws, these three-wheeled taxis are the backbone of public transportation in many developing economies.<\/p>\n

But they are also a major contributor to pollution.<\/p>\n

Approximately 270 million ICE (Internal Combustion Engine) Tuk Tuks are currently in operation worldwide, and this number is projected to reach 400 million by 2050. Since almost all Tuk Tuks use fossil fuels, they can drive us into disaster if left unchecked.<\/p>\n

They need an intervention. And that\u2019s what eTukTuk is all about.<\/p>\n

The eco-conscious blockchain project has been under development for more than five years and aims to foster a sustainable Web 3.0 ecosystem focused on electric vehicle transportation in developing countries.<\/p>\n

Its goal is to gradually replace carbon-intensive vehicles on the roads. And in turn contribute to lower greenhouse gas emissions and better environmental conservation.<\/p>\n

Although the project maintains a low-key profile, the upcoming token sale of TUK tokens has garnered significant attention from crypto investors. Both veteran investors and young retail investors are plowing in money to the presale, factoring in the financial and social prospects of the project.<\/p>\n

\"\"<\/p>\n

The market relevance of TUK<\/h2>\n

eTukTuk\u2019s high market relevance lies in the fact that it addresses real-world challenges while utilizing blockchain technology.<\/p>\n

Transitioning to electric vehicle (EV) transportation has long been known to be integral to climate action. But in developing economies, it\u2019s easier said than done. It is costly for most people in these countries.<\/p>\n

Even if they can afford to buy these vehicles, the public EV infrastructure has yet to be developed. The lack of a reliable and extensive charging network further delays the adoption and usage of EVs.<\/p>\n

EVs typically require a much higher initial capital investment compared to conventional fossil-fuel vehicles. Although they have lower operational and maintenance costs, it deters users. This cost barrier makes it difficult for the middle class and economically disadvantaged populations to make the move for themselves and the climate.<\/p>\n

To learn more about the eTukTuk ecosystem, read the<\/i> white paper<\/i><\/a>.\u00a0<\/i><\/p>\n

By focusing on this sector and introducing electric TukTuks, eTukTuk aims to make a significant contribution to reducing pollution in these countries.<\/p>\n