eTukTuk is increasingly becoming the Tesla of cryptocurrencies by introducing a wide range of EV solutions for the developing world.
While Tesla’s technology has made advances to enable sustainable transportation, the technology is still far too expensive for non-privileged countries.
This is where eTukTuk comes into play.
The company plans to launch an affordable three-wheeled EV vehicle for developing countries to help drivers switch to sustainable transportation.
In addition, an efficient charging network will be set up to make electric vehicles accessible in the region.
eTukTuk now plans to launch the EV solutions later this year and TUK is the gateway to this groundbreaking project.
eTukTuk is changing the way people get around in developing countries
eTukTuk is the first electric vehicle and automotive project built on the Binance Chain with the aim of creating a transportation system that leaves no carbon footprint.
Developing countries are facing a major health crisis with 99% of the population breathing polluted air, ultimately leading to one of the biggest challenges they have faced to date.
One of the biggest contributors to air pollution in developing countries is the iconic three-wheeled tuk-tuk vehicle.
Every year, numerous lives are lost due to air pollution, particularly from fine particulate matter.
While this is a critical concern, deploying a sustainable ecosystem can offer a solution.#AirPollution pic.twitter.com/mgsCoDf8Z8
— eTukTuk (@eTukTukio) September 2, 2023
This speedy vehicle is used by citizens in developing countries as an affordable means of transportation, and there are over 270 million vehicles registered worldwide.
However, the tuk-tuk has been proven to emit more carbon emissions than conventional vehicles, making it one of the largest contributors to air pollution in the world.
Additionally, with fuel prices rising worldwide, drivers are struggling to stay afloat as they do not earn a living wage.
eTukTuk aims to address both of these issues with the groundbreaking, affordable, electric-powered tuk-tuk.
The project has been described as the most revolutionary sustainability initiative for developing countries this decade.
The Tesla of cryptocurrency? eTukTuk sets new standards in EV solutions
eTukTuk has earned a reputation as the Tesla for developing countries as it sets new standards in EV production.
The company has invested more than five years in developing its three-wheeled electric vehicle, which can be manufactured locally using fewer than 200 components.
1/ Traditional tuk tuks vs eTukTuks:
A comprehensive comparison of why the world needs eTukTuks
pic.twitter.com/E2vxoqUKps
— eTukTuk (@eTukTukio) June 17, 2023
Not only is the product safer than traditional tuk-tuks and features an LFP battery that ensures long-term sustainability, but it is also manufactured locally, reducing production costs and making it affordable for non-privileged segments of the population.
The team estimates that capital and operating costs can be reduced by 78% compared to traditional combustion engine tuk-tuks, resulting in a 400% increase in driver wages.
Here, the two- and three-wheeled electric vehicle sector is expected to account for the majority of the electric vehicle market by 2030. eTukTuk is positioning itself as a market leader in this space, helping to secure its share of the $110 billion industry.
eTukTuk also intends to build an efficient charging network with the help of territory partners to ensure that EV charging is easily accessible.
The charging network will be compatible with OCPP 2.0 protocols, allowing it to work with most electric vehicles on the market.
The area partners ensure the expansion of the network by strategically placing charging stations to ensure accessibility and frequency of charging.
AI driver app and play-2-earn ecosystem
In addition to the EV solutions, eTukTuk also relies on artificial intelligence with the driver app.
Drivers will use the app to find their way around the city.
The application uses artificial intelligence to increase driver efficiency, optimize driving routes and minimize battery consumption.
Additionally, eTukTuk plans to launch a fun game where players can earn $TUK tokens as rewards.
Players’ task will be to pick up and drop off passengers as quickly as possible, while avoiding traffic and recharging their batteries.
Invest in the ecosystem with $TUK
The $TUK token is the entry point into this expansive multi-revenue ecosystem that balances sustainability with long-term rewards.
$TUK is the backbone of the ecosystem and will be the utility token for eTukTuk.
The tokenomics behind the token have been carefully designed to provide long-term rewards for network participants.
Drivers will use the $TUK token to charge their vehicles, resulting in a network fee for all stakers on the network.
As a result, $TUK token holders will increase their passive rewards as the charging network expands.
The project aims to launch in Sri Lanka by the end of the year, but will continue global expansion once the concept is finalized.
Therefore, eTukTuk seems a project that can provide long-term passive income alongside huge capital appreciation for early adopters.
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