Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
eTukTuk is a new crypto project that breaks the barriers to the EV sector for people living in developing economies. At the same time, it opens investment opportunities in the industry for people across the world through its native crypto $TUK.
Here is an analysis of the project and how it changes the way we have understood EV transportation using blockchain and AI.
Switching from the old, noisy, and polluting ICE tuktuks to the sleek, quiet, and eco-friendly eTukTuk – because progress is not just about moving, it’s about moving forward responsibly 🌿🚗#ElectricVehicles #Memes pic.twitter.com/BWkoU3T09D
— eTukTuk (@eTukTukio) January 7, 2024
EV is Not a Sustainability Solution Now
EVs or electric vehicles are perfect solutions when it comes to the unfairly large share of carbon footprint emitted by the transportation sector. It can mitigate air pollution to a great extent. In theory, EVs work. But in practice, they have yet to make an impact.
There are multiple challenges ahead of the industry.
To begin with, the costs of EVs are too high. The middle class and the poor would rather drive a fossil-fuel vehicle, unless they are deep into sustainability principles. But it is unfair to expect them to care about the future of the planet when their own future looks bleak. If EVs remain unaffordable for the general population, there is no point in considering them a sustainability solution. Sustainability should be simple and accessible.
This is the principle that drives eTukTuk.
EV brands have an especially hard time penetrating developing economies. In addition to the initial cost of investment that doesn’t align with the financial realities of people, these countries also face the challenge of poor EV infrastructure.
The EV ecosystem developed by eTukTuk over a period of five years is designed to solve both these issues.
EV Transportation Made Accessible, EV Charging Simplified
eTukTuk focuses on the public transportation sector in developing economies, rather than the private sector. Most people in developing economies use the public transportation sector.
Three-wheeler taxis called Tuk-Tuks are especially popular here, although they leave a large carbon footprint. The growing number of ICE Tuk-Tuks is a threat to the air quality of developing economies, as a result.
By helping the Tuk-Tuk sector transition into an electric charging system, eTukTuk brings two primary benefits:
- They are environment-friendly.
- eTukTuks benefit from lower operational and maintenance costs than their ICE counterparts.
In addition, the strategically designed electric Tuk-Tuks require just around 200 components, which allows for local manufacturing that in turn reduces the acquisition cost for drivers. But apart from the low capital and operational and maintenance costs, there are more perks awaiting drivers:
- AI features for optimizing routes, reducing traffic congestion and fuel consumption.
- Predictive maintenance improves the lifespan of eTukTuks by cutting down resource wastage. The AI feature is capable of predicting potential issues ahead of time and making timely interventions to prevent breakdowns.
- A blockchain-based charging and payment infrastructure that creates a seamless ecosystem for drivers.
As discussed above, eTukTuk addresses the problem of EV infrastructure in developing economies by introducing a network of charging stations. $TUK is used as the payment currency here. EV drivers, including eTukTuk drivers, can make payments in $TUK tokens. It goes to a reward pool that is then distributed among Territory Partners and Power Stakers.
Territory Partners set up and run these EV charging stations across strategic locations in a country, while Power Stakers have an online presence. Their role is to secure the blockchain network by staking $TUK tokens.
eTukTuk Justifies the Advanced Capabilities of Blockchain
We have seen plenty of crypto projects enter the market over the last few years. But the growing number of crypto projects has done little to bring the industry to the masses. In other words, few cryptocurrencies except BTC, ETH, and XRP are known to most people.
Despite the decentralized technology behind cryptocurrencies and Web3 projects, the industry is confined to tech-savvy and ambitious investors now. But it has the potential to go mainstream and radically improve the way we transact money and data. The inherently transparent and fair foundation of the industry demands to be applied for various use cases.
It wouldn’t be an exaggeration to say that few crypto projects justify the large trove of potential that blockchain technology holds.
Among the crowd of useless and purposeless crypto projects that are mere replicas of predecessors, eTukTuk stands out. It is one of the few projects to enter the market in a very long time with the potential to enter the top-100 crypto chart.
But it’s not a meme coin. Neither is it a DeFi project designed to deceive. The EV token is set to radically transform public transportation in developing economies. By integrating blockchain and AI capabilities into the everyday lives of people, eTukTuk is on an ambitious mission to bring cryptocurrencies to the masses.
Presale is Now Live with 400%+ Staking APY
Although eTukTuk will operate in developing economies in the initial stage, the investment opportunity is open to everyone. Prior to the exchange launch, $TUK tokens are now available for purchase at discounted prices for a limited time.
Presale investors can readily put their tokens to work on the eTukTuk staking dashboard.
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
Read the full article here