Eco-friendly blockchain project “eTukTuk” crypto pre-sale closes to $3 million

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

eTukTuk’s core goal is to replace traditional fossil fuel-powered tuk-tuks with eco-friendly electric tuk-tuks called “eTukTuks” powered by solar energy.

What is eTukTuk?

eTukTuk’s core goal is to transition developing countries from the use of traditional tuk-tuks that rely on fossil fuels to more sustainable and environmentally friendly electric vehicles.

By leveraging Binance Smart Chain (BSC), the project boasts low transaction fees while meeting environmental sustainability goals.

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

By introducing electric tuk-tuks, the project aims to enable drivers to seamlessly transition to zero-emission transport – a transition Not only reducing CO2 emissions, but also promoting financial inclusion and nurturing green ecosystems in these countries.

One of eTukTuk’s key features includes the native TUK token for transactions within the network, as well as the potential to earn staking rewards – currently at an annualized rate of over 90%.

In addition, eTukTuk plans to leverage artificial intelligence technology to optimize charging station locations and improve operational efficiency, further solidifying its commitment to sustainability and economic viability.

Partnerships and global expansion plans

eTukTuk develops strategic partnerships with influential organizations to drive its mission forward. Notably, the project, in partnership with Capital Maharaja Group and the Sri Lankan government, has established more than 200 charging stations across the country.

This collaboration not only brings benefits to motorists, but also reduces operating costs for drivers by 400%.

While Sri Lanka is the initial launch pad, eTukTuk plans to expand further, targeting countries where tuk-tuks are a primary mode of transportation, such as Africa, Thailand and India. The move aims to introduce environmentally friendly electric tuk-tuks to a wider market, further expanding the project’s impact on sustainability and accessibility.

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

In addition, eTukTuk has received support from the United Nations Development Program (UNDP) in Sri Lanka. The partnership aims to promote the adoption of electric vehicles in the country and contribute to creating a greener, cleaner and more inclusive Sri Lanka.

Another aspect of the initiative involves converting traditional petrol three-wheelers into electric tuk-tuks, mitigating the impact of the economic crisis, enhancing mobility, and revitalizing small and medium enterprises (SMEs) and essential services.

With these partnerships and strategic expansion plans, eTukTuk appears to be well-positioned to drive the transition towards sustainable transportation solutions, not only in Sri Lanka but also in other regions where tuk-tuks play an important role in daily commuting and commerce .

Hardcap and Token Economics of eTukTuk Pre-Sale

The hard cap for the eTukTuk pre-sale is set at $10.7 million, which is the highest amount of money the project has raised during this fundraising phase. In terms of token economics, eTukTuk has strategically allocated a total token supply of 2 billion TUK tokens.

It is worth noting that 21.5% of the total supply (430 million tokens) is used solely for staking rewards, incentivizing long-term investment and participation. Other allocations include 7% for liquidity and 9.75% for pre-sales, indicating that the allocation is balanced and sustainable.

The project team also passed Coinsult’s security audit, which enhanced investors’ 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 card. After the initial coin offering (ICO), eTukTuk plans to list TUK tokens on CEX and DEX platforms.

in conclusion

As eTukTuk gains support and raises significant funding during its pre-sale period, it sets out its vision for a sustainable transportation solution. By leveraging blockchain technology and electric vehicles, the project aims to solve environmental issues while promoting economic opportunities in developing countries.

However, while eTukTuk’s mission aligns with its lofty goals, investors should carefully evaluate the project’s roadmap, fundamentals and overall feasibility before making any financial commitments.

Investors should also keep an eye on how the broader cryptocurrency market is performing in the weeks leading up to the much-anticipated Bitcoin halving, which is now just days away.

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