As the price of Binance Coin (BNB) continues recovering from the recent low of $298, crypto traders have turned their attention to accumulating one new BEP-20 token ahead of its launch. eTuktuk, a green crypto startup building eco-friendly electric vehicle infrastructure in developing countries, has caught traders’ interest thanks to its ongoing presale momentum.
With Binance Smart Chain activity reviving alongside BNB’s price uptick, eTuktuk’s native BEP-20 token TUK could be a savvy investment opportunity. The presale provides an opportunity for investors to acquire TUK at $0.026 per token currently.
Decentralized Platform For Sustainable Electric Tuk-Tuks
eTuktuk’s goal is to transform urban transportation in regions where polluting gas-guzzling auto rickshaws known as tuk-tuks dominate the streets. These infamous three-wheeled taxis running on dirty two-stroke engines contribute immensely to air pollution and carbon emissions.
1/ Witness the groundbreaking transformation of Jammu’s public transport!@TataMotors, India’s vehicle giant, has just rolled out a fleet of Ultra EV air-conditioned electric buses for Jammu Smart City 🧵⚡ pic.twitter.com/TUAwJHlMaz
— eTukTuk (@eTukTukio) February 1, 2024
eTuktuk proposes replacing conventional tuk-tuks with locally manufactured electric models powered sustainably through solar-charged EV stations. This infrastructure will allow drivers to operate eco-friendly vehicles while earning income by providing riders with affordable zero-emission transportation.
The startup will also tap into the benefits of decentralization, transparency, security, and reduced fees by incorporating blockchain technology and smart contracts to optimize coordination and payments between EV suppliers, drivers, and riders in a sharing economy framework.
BEP-20 Token TUK Rewards Up To 300% APY
A key part of eTuktuk’s ecosystem is its BEP-20 token TUK which will enable various functions like EV reservations, ride-hailing, and frictionless payments on the platform. TUK will work as a utility token for transacting between drivers and riders.
Additionally, TUK holders will be able to earn staking rewards of up to 300% APY by staking their holdings, potentially adding to the appeal for accumulating and holding TUK long-term.
In recent days, the BNB price has shown signs of recovering after steep declines in the broader crypto market sell-offs since the launch of spot Bitcoin ETFs. As the native currency of Binance Smart Chain picks up, BEP-20 tokens launching on the network like TUK stand to benefit.
As the presale approaches its $850,000 target raise, the chance to acquire TUK at the current $0.026 price point is closing quickly. Once the target is hit, the next launch phase will commence and see an increased TUK price per the project’s outlined schedule.
Traders looking to diversify into an eco-friendly BEP-20 utility token with pronounced real-world use cases are indicating that TUK could be one of the best altcoins to buy now.