Staking has lost its novelty in the last two years. Almost all crypto projects are accompanied by a staking platform now.
But that’s only the outside picture. Most crypto staking platforms fail to live up to expectations. They are notorious for killing their internal economies, thanks to the serious lack of utility and purpose ingrained into the native tokens.
$TUK is a Rare Exception
$TUK is the native token of eTukTuk, an EV ecosystem dedicated to developing economies. The project introduces a P2P payment system as part of nurturing EV infrastructure in these countries. It will be based on a blockchain staking system, opening an attractive source of side income for crypto users worldwide.
In this article, we will take a closer look at the staking system as well as the project. After all, a staking system is worthless if the underlying project is not robust enough to support the price action of the token. What’s the use of holding a huge pile of tokens if its value is near zero? So, let’s dive in.
eTukTuk: An Introduction
eTukTuk is an EV ecosystem. But unlike most EV ecosystems that focus on developed economies due to their heavy price tags, eTukTuk focuses on developed economies. It allows the project to stand apart from the crowd and make a difference from an environmental point of view.
The rising popularity of EVs is a positive sign. The transportation sector significantly contributes to the deteriorating global air quality. The mainstream adoption of EVs is imperative. It can make a large contribution to climate action.
Clean energy solutions are the way to go, now that we’ve seen constantly worsening AQI (Air Quality Index) all over the world. https://t.co/DdFxPTeNoi
— eTukTuk (@eTukTukio) December 23, 2023
The reduction of carbon emissions from vehicles will mitigate the effects of climate change to a great extent. It is the need of the hour as poor air quality and rising carbon emissions affect our health and the environment at large.
The EV initiative put forward by eTukTuk revolutionizes the public transportation landscape in emerging economies. Its key ingredients for success are blockchain and AI integrations. While blockchain allows the project to be run on a global scale with the highest transparency and security, AI brings novel features to the transportation system.
Three-Wheeler Taxis For a Green Future
Emergen Research projects that the Electric Vehicle (EV) motor controller market is likely to reach a staggering $17.76B by the year 2032.
Although EVs are growing to be popular, they still remain inaccessible to people living in developing economies. Unless that problem is solved, the EV sector won’t make any significant contribution to the sustainability challenge.
This realization led to the inception of eTukTuk. It allows developing economies to benefit from the lower long-term operational and maintenance costs of EVs, but without a heavy price tag. The cost of EVs doesn’t always align with the financial realities of the middle class and the poor in these regions.
In fact, there is no point in selling EVs to a population that considers owning a private vehicle a luxury. eTukTuk acknowledges this reality and targets the public EV sector, instead. Not any public mode of transportation, but Tuk-Tuks.
The three-wheeler taxis fill the bustling streets of Sri Lanka and India for good reason. For starters, the level of convenience surpasses that of buses, trains, trams, or even metros. Unlike car taxis, Tuk-Tuks don’t strain one’s budget. They have long remained an affordable mode of transport. But Tuk-Tuks tend to have a higher carbon footprint compared to cars.
By greenifying the Tuk-Tuk sector, eTukTuk taps into the popularity and environmental impact of these vehicles.
A Unique Blend of Affordability and Innovation
eTukTuks lower the investment hurdle for drivers with local manufacturing. Built with just about 200 components, they slash import costs, which is reflected in their price tag.
The low costs act as a catalyst for transitioning towards eco-friendly Tuk-Tuks, marking a pivotal shift in the public transportation landscape of developing economies.
But they boast a multitude of other advantages too:
- Reduced operational and maintenance costs: Potentially increasing the income of drivers by up to 400%.
- AI-based features: Optimizing routes, reducing traffic congestion, and lowering fuel consumption.
- AI-based predictive maintenance: Timely interventions and elongating the vehicle’s lifespan while minimizing resource wastage.
- Enhanced safety and longevity: Thanks to robust roll-cage designs and LFP batteries.
In other words, eTukTuks are not just cost-effective, but also as technologically advanced and safe. They set an example in encouraging drivers to opt for environmentally conscious alternatives compared to traditional vehicles.
The $TUK ecosystem incorporates inflationary rewards to foster decentralisation and long-term engagement. 🤝
— eTukTuk (@eTukTukio) December 22, 2023
Buy and Stake $TUK Early For Attractive Returns
Over the past five years, eTukTuk has been developing a comprehensive solution to build a robust public EV infrastructure in developing economies. The credible partnerships that the project has made during this time speak for its large growth potential.
The intelligent charging and payment infrastructure that accompany the EVs ensures that the ecosystem develops without any hiccups. People who contribute to the ecosystem by setting up charging stations or supporting the staking system earn $TUK tokens as rewards.
They are sourced from drivers using $TUK tokens to pay for charging services.
Investors need to buy the token during the presale stage to secure the lowest price and market cap.
The current staking APY is 453%.
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