Of the eTuktuk project I talked about it and analyzed its features a short time ago, now the project, in itself good, even if I do not agree with the basis on which it rests, is reaping unparalleled results.
Ecology is in fact an extremely important perspective, but limitations cannot be imposed only on the ultimate users.
Let me explain: my car running on fossil fuels does not produce the same co2 as an airbus A320.
But this is a sensitive issue that I will also address broadly in conjunction with the various demonstrations being held throughout Europe by farmers.
Let us now deal with the magnificent result that eTuktuk is achieving!
The presale phase of the eTuktuk project is witnessing remarkable success, having raised over $500,000 thus far. This achievement comes despite the recent market downturn, with Bitcoin slipping below the $40,000 support threshold. The eTuktuk project continues to gather momentum, attracting a growing number of investors eager to accumulate the native $TUK token in anticipation of its official launch.
eTuktuk's Eco-Friendly Transport Mission:
The core objective of the eTuktuk project is to address the environmental impact caused by traditional tuk-tuks used in developing countries. These vehicles, notorious for their polluting two-stroke engines, emit higher levels of CO2 compared to conventional cars. In response, eTuktuk proposes the introduction of electric vehicles powered by renewable energy sources. Additionally, the project is establishing a network of electric vehicle charging stations in urban areas to facilitate the transition to more eco-friendly modes of transportation.
Beyond environmental initiatives, eTuktuk integrates blockchain technology and a sharing economy model to ensure maximum security and efficiency. The platform aims to provide digital identities and financial services, especially to individuals in disadvantaged communities relying on tuk-tuks for transportation.
Oracles to Enhance Safety and Efficiency:
An intriguing factor drawing attention to the project is the opportunity for investors to earn passive income of up to 300% annual percentage yield (APY) by staking the native TUK token.
Presale Details:
The ongoing eTuktuk presale has been highly successful, indicating investor interest in eco-friendly projects. The current discounted price of the native token is $0.026, with a planned price increase strategy. This means the token cost will rise in each phase, and experts, such as Cilinix Crypto, anticipate a significant price surge as the project unfolds.
Tokens (TUK) will be utilized for payments within the eTuktuk ecosystem, suggesting that increased adoption could trigger a rise in value. Furthermore, rewards obtained through the staking process make holding the native token even more appealing.
Given the success so far, the presale is likely to conclude soon. Upon reaching the $680,000 goal, a new presale phase will commence, with an increased value for the TUK token.
Investors still have the opportunity to participate in the current presale phase and seek substantial long-term profits. Its unique use case and environmental focus set it apart from many other projects in the crowded crypto sector. For further guidance on purchasing the TUK token, our comprehensive guide is available.
Tokenomics of eTuktuk:
eTuktuk has set a total supply of 2 billion TUK tokens, with a significant portion, 21.5%, allocated to the staking mechanism. Tokens staked will contribute to reducing the available market supply, potentially triggering value appreciation due to increased demand.
Staked TUK tokens will be gradually released to holders over 15 years through a staking rewards pool, incentivizing long-term token retention. A substantial part of the supply, 300 million TUK tokens, is earmarked for the ongoing presale, subject to a two-month vesting period before investors can add them to their wallets.
The whitepaper outlines that an additional 7% of the total supply is reserved to ensure token liquidity upon listing on various crypto exchanges. Moreover, only 9% of the total token supply is allocated to the eTuktuk team.