Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
eTukTuk is a holistic EV (electric vehicles) ecosystem designed specifically for developing economies. In addition to three-wheeler taxis that run on electricity, it consists of a blockchain peer-to-peer payment system and a network of charging stations.
An Intense Five-Year Period Precedes the Launch
eTukTuk is being launched after an intense five-year period of research and development. It is reflected in the design, which features lower operational and maintenance costs, an AI guideline system, a roll-cage design, and LFP batteries, among others.
Made with around 200 components, the EV allows for local manufacturing, cutting down the initial cost of acquisition.
eTukTuk is predicted to set the stage for a transportation revolution in developing economies next year.
Really, with just three-wheeler taxis? It sounds too good to be true.
But eTukTuk’s vision has the potential to transform the public transportation system in countries like India, Sri Lanka, and South Africa.
Since most people in these countries can’t afford EV or even private vehicles for that matter, a broad approach that most EV brands take won’t work here.
This realization forced eTukTuk to target the Tuk-Tuk sector, which is notorious for its large carbon footprint that surpasses traditional cars. Tuk-Tuks have a large user base in developing economies due to the ease and convenience they provide to both drivers and passengers.
They offer comfortable private rides for short distances, and are an integral part of the city economies in developing nations.
That said, the statistics are not in favor of traditional Tuk-Tuks.
“270 million internal combustion engine (ICE) Tuk-Tuks and other two- and three-wheeler vehicles are having a detrimental impact on developing nations across the globe,” points out the eTukTuk white paper.
A Peer-to-Peer Ecosystem
eTukTuk is a community-first project that stays true to the blockchain vision. The Web3 foundation of the project allows it to orchestrate charging and payment networks within its transparent ecosystem.
All transactions, especially payments for charging and rewards for contributions, are facilitated in $TUK tokens. The native cryptocurrency is currently in the presale phase.
Being an inclusive platform, eTukTuk caters to a diverse range of users within its circular system. The key participants of the ecosystem are Tuk-Tuk drivers, charging station partners, stakers, and play-to-earn gamers.
With a holistic approach to bringing EV infrastructure to developing economies, eTukTuk empowers a broad range of users to benefit from the ecosystem.
For example, by opting for eTukTuks in place of carbon-intensive traditional Tuk-Tuks, drivers benefit from lower operational costs and maintenance costs. It is interesting to note that the choice makes their projected income 400% higher than that of traditional Tuk-Tuk drivers.
They make payments for charging in $TUK tokens.
Charging partners or Territory Partners, on the other hand, receive their rewards in $TUK tokens. Their responsibility is to set up and manage charging stations in various locations in a country. But the revenue streams are not limited to people in developing economies.
eTukTuk’s blockchain-based payment network relies on Power Stakers to secure the system. Power Stakers don’t need a local presence. Their role is key to strengthening the payment infrastructure, and they earn a robust passive income in return.
Another online source of side income from eTukTuk is the upcoming play-to-earn game that resembles Crazy Taxi. It is currently in development as part of expanding the project’s audience base.
eTukTuk’s Global Vision Gives it High Growth Potential
eTukTuk’s specialized EV ecosystem is designed for emerging economies. Not the crypto market alone. Its expanded vision holds substantial growth prospects.
In fact, eTukTuk is one of the first projects to provide a robust vision to bring transformation within the public transportation sector in developing nations. The ecosystem steers them toward a more sustainable future.
Rather than narrowing down its focus to the privileged, eTukTuk unifies various stakeholders for its mission. The collaborative approach underpinned by a peer-to-peer payment and reward system has a robust foundation.
With a global vision, eTukTuk targets a global audience. It is one of the few crypto projects that can claim a highly relevant real-world use case. It aims to fulfill the dream of mainstream blockchain adoption.
What’s in it for Investors?
Investors can capitalize on eTukTuk’s large growth potential in two ways.
First, by holding $TUK tokens, which are predicted to surge anywhere from 10X to 50X in a year, depending on the broader market conditions.
The second is by staking $TUK investments. The staking dashboard is now live, allowing presale investors to take advantage of the high APYs early on. The staking mechanism provides them a passive avenue to grow their wealth and protect it from broader market volatilities to a great extent.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
The $TUK presale is rapidly moving ahead. Since each new stage of the presale comes at a higher price, investors are acting early to secure the tokens at discounted rates.