Eco-friendly blockchain project “eTukTuk” approaches $3 million in cryptocurrency presale

Eco-friendly blockchain project eTukTuk (TUK) is nearing a major milestone in its crypto pre-sale, raising nearly $3 million. New crypto-based initiative focuses on promoting sustainable global transportation solutions.

At its core, eTukTuk aims to replace traditional fossil fuel-powered tuk-tuks with eco-friendly electric tuk-tuks, called ‘eTukTuk’, powered by solar energy.

What is an e-tuk tuk?

The main purpose of e-tuk-tuks is to help developing countries transition from the use of traditional tuk-tuks that rely on fossil fuels to more sustainable and environmentally friendly electric vehicles.

Powered by Binance Smart Chain (BSC), the project boasts low transaction fees in line with environmental sustainability goals.

eTuTuk’s mission is to propel developing countries towards a sustainable future through accessible electric vehicles (EVs) and charging infrastructure.

The project aims to enable drivers to seamlessly transition to zero-emission transport by introducing electric tuk-tuks. In addition to reducing CO2 emissions, these countries promote financial inclusion and foster green ecosystems.

One of the main features of eTukTuk is the native TUK token used for transactions within the network and the possibility to earn staking rewards with an APY of over 90% currently.

Additionally, eTukTuk plans to leverage AI technology to optimize charging station locations to improve operational efficiency and further strengthen its commitment to sustainability and economy.

Partnerships and global expansion plans

eTukTuk has forged strategic partnerships with influential organizations to advance its mission. In particular, the project worked with Capital Maharaja Group and the Government of Sri Lanka to secure more than 200 charging stations across the country.

This partnership is a win-win for drivers, who will see a 400% reduction in operating costs.

While Sri Lanka is the starting point, eTukTuk plans to expand further with its sights set on countries in Africa, Thailand and India where tuk-tuks are a popular mode of transportation. The move aims to bring eco-friendly eTukTuk to a wider market and further expand the project’s impact on sustainability and accessibility.

In Sri Lanka, eTukTuk has secured a strategic location in Colombo and leverages AI technology to optimize the placement of charging stations along popular routes. This data-driven approach is designed to improve driver efficiency and seamlessly integrate the eTukTuk network into existing transportation systems.

Additionally, eTukTuk has also received support from the United Nations Development Program (UNDP) in Sri Lanka. This cooperation aims to accelerate the adoption of e-mobility in the country and contribute to the creation of a greener, cleaner and more inclusive Sri Lanka.

Another aspect of this initiative includes converting traditional petrol three-wheelers into e-tuk-tuks to mitigate the impact of the economic crisis, enhance mobility and revive small and medium-sized enterprises (SMEs) and essential services. Masu.

Through these partnerships and strategic expansion plans, eTukTuk has the advantageous potential to drive the transition to sustainable transport solutions, not only in Sri Lanka, but also in other regions where tuk-tuks play an important role in daily commuting and commerce. It seems to be in a position.

eTukTuk Presale Hard Cap and Tokenomics

eTukTuk’s pre-sale hard cap is set at $10.7 million, representing the maximum amount of funds the project aims to raise during this funding stage. Regarding tokenomics, eTukTuk has strategically allocated a total token supply of 2 billion TUK tokens.

Notably, 21.5% of the total supply (430 million tokens) is dedicated solely to staking rewards, encouraging long-term investment and participation. Other allocations include 7% for liquidity and 9.75% for presale, indicating a balanced and sustainable allocation.

The project’s team has also passed a security audit by Coinsult, increasing investor confidence in the integrity and structure of the TUK token.

Currently, the price of 1 TUK is $0.0295, and investors can purchase TUK tokens on the eTukTuk website using BNB, USDT, or debit/credit cards. After the end of the Initial Coin Offering (ICO), eTukTuk plans to list his TUK tokens on CEX and DEX platforms.

conclusion

eTukTuk is rallying support during its pre-sale, raising significant funds and demonstrating its vision for sustainable transportation solutions. The project aims to leverage blockchain technology and electric vehicles to address environmental issues while promoting economic opportunities in developing countries.

However, even if eTukTuk’s mission aligns with its noble goals, investors should carefully evaluate the project’s roadmap, fundamentals, and overall viability before committing funds.

Investors will also need to keep an eye on how the broader crypto market performs in the coming weeks, with the long-awaited Bitcoin halving just days away.

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