The crypto market has to venture beyond DeFi, NFT, and play-to-earn products to build a positive narrative around its market relevance and enter the mainstream. eTukTuk, one of the first automotive projects on the BNB Chain, is the most recent example in this direction.
In this article, we take a closer look at eTukTuk and how it harnesses blockchain technology to bring more sustainability and efficiency to public transportation.
The rapid advancement of our living standards has led to the deterioration of the environment and subsequent climate change. It is getting worse by the day, thanks to the growing population and our reckless activities. Vehicles emit a massive amount of CO2, which is a leading cause of climate change and global warming. It is also one of the key areas where we can make a tangible difference.
However, it is easier said than done.
While developed countries are embracing green alternatives to slow down climate change, developing nations can’t afford to make this shift. To begin with, most people can’t afford electric vehicles. Electric vehicles (EVs) come with a heavy price tag, although they have lower operational costs.
Carbon-intensive vehicles, on the other hand, have a lower initial cost. But they become quite expensive in the long run. Frequent fuel price hikes in unstable governments and economies, in particular, make driving an expensive adventure. Fuel prices in some nations can increase by up to 50% within short intervals.
Even if certain sections of the demographics can afford green transportation, these countries don’t have the infrastructure to support the growing number of EVs on the road. This shortage hinders the gradual phase-out of carbon-intensive vehicles.
To give you a better perspective, there are approximately 270 million ICE (Internal Combustion Engine) TukTuks in operation globally. It is projected to hit 400 million by 2050, underscoring the scale of the challenge ahead of us. Carbon emissions from vehicles are not just a problem for developing nations, as billions face the consequences of toxic air pollution worldwide.
It is a revolutionary new blockchain project that aims to nurture a green public transportation system in developing economies.
eTukTuk EV is a feasible and reliable alternative to traditional carbon-intensive TukTuks, designed to fit into the developing world effortlessly. Each eTukTuk EV prioritizes safety and sustainability. They feature a patented roll cage design and are manufactured locally.
But the eTukTuk network is not limited to EVs. There is more going on:
eTukTuk doesn’t just allow you to make a positive impact on the environment and the health of people globally but also supports communities that are on the economic and social peripheries. The eTukTuk ecosystem distributes all rewards in TUK tokens, which is the native cryptocurrency of the platform.
Here is a simplified explanation of how the eTukTuk network functions:
One of the key elements of eTukTuk’s growth and expansion strategy is partnerships. The project will work with local governments and influential industry partners to bring eTukTuk EVs to the road. As part of introducing eTukTuk to Sri Lanka, it has joined forces with the Capital Maharaja Group (CMG), a large privately-held conglomerate in Sri Lanka that boasts more than 44 global partnerships.
The project has also deployed an ambassador program to build awareness around the importance of sustainable transportation. These factors make eTukTuk one of the most promising and market-relevant projects to enter the crypto market this year. The $TUK token sale whitelist is filling up fast as a result. It allows the community to make early investments in the project with attractive presale discounts and benefits.
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