The demand for electric vehicles (EVs) is rapidly increasing, and eTukTuk has emerged as a remarkable innovation. Using blockchain technology, eTukTuk revolutionises the world of EV rickshaws by establishing a reliable charging infrastructure. By combining cutting-edge technology with sustainable transportation, eTukTuk introduces an extraordinary solution. This ground-breaking EV provides an affordable and trustworthy alternative to conventional TukTuks, addressing the specific requirements of developing nations.
With its zero-emission design, eTukTuk aims to contribute to a cleaner environment while meeting the growing need for efficient and eco-friendly transportation. This is all possible thanks to TUK Token, the digital currency of the eTukTuk ecosystem that offers decentralised and secure transactions. In this article, we will uncover how TUK Token facilitates seamless payments, incentivises drivers, and contributes to sustainable transportation.
What is TUK Token?
TUK Token is the utility token that drives the eTukTuk network. With TUK Token, every transaction within the eTukTuk ecosystem becomes seamless and efficient. TUK Token promises to offer fair and equal access to sustainable transportation options that do not harm our planet. With TUK Token at the core of its operations, the eTukTuk ecosystem envisions a future where sustainable transportation becomes the norm.
Users are rewarded for their active participation and contribution as the efficient charging network expands. This incentive-driven approach encourages the widespread adoption of eTukTuk, amplifying the positive impact on the environment and people’s lives worldwide. Furthermore, the widespread adoption of eTukTuk and TUK Token creates opportunities for communities to overcome financial challenges and enjoy sustainable transportation solutions.
What are the Key Benefits of Holding a TUK Token?
Earn Power Staking Rewards
TUK Token holders can stake their TUK Tokens and actively contribute to empowering the eTukTuk network. The stakers could collectively earn a higher yield as the network expands and transaction volumes increase. The Power Staking contract offers flexibility in adjusting the yield limits to generate additional staking opportunities.
Inflationary Rewards: Long-Term Incentives for TUK Holders
With TUK Tokens, holders can earn rewards through inflationary mechanisms that promote decentralisation and prolong engagement. Token stakers receive inflationary rewards over 15 years, gradually decreasing over time. These rewards come from the Staking Rewards pool, which provides ongoing benefits incentivising sustained participation.
Promote Sustainable Transport
By investing in TUK Token, you not only have the opportunity to earn but also contribute to promoting sustainability. eTukTuk’s Zero Emission Vehicles (ZEV) are environmentally friendly, offering a clean and efficient mode of transportation. As you support this innovative project, you can earn returns while actively promoting sustainable practices and reducing carbon emissions.
Manage Token With Existing Wallet
Users can effectively manage their TUK token holdings by connecting their established and secure wallet to TUK Token. The process of integrating wallets with TUK is straightforward, whether they’re Eternl, GeroWallet, Flint, CardWallet, NuFi, or another compatible option. The integration ensures an easy and hassle-free experience, enabling users to monitor and manage their TUK Tokens.
An Overview of Tuk Tokenomics
The success of every crypto project heavily relies on its tokenomics. Well-designed tokenomics are crucial in creating incentives, fostering adoption, and ensuring the project’s sustainability. The number of TUK tokens will never exceed 2 billion. TUK utility token utilises meticulously designed tokenomics to ensure project success and offer long-term rewards to participants.
Community & Project Operation Fund
The community fund, consisting of 5% of the total token supply (100,000,000 tokens) is a valuable resource for eTukTuk’s digital growth and global goodwill initiatives. eTukTuk will utilise these tokens to produce and donate electric TukTuks to communities in need, along with ride credits and related services. The Project Operations Fund, comprising 22.60% of the total token supply (452,000,000 tokens), is dedicated to sustaining and growing the project. It will be used for infrastructure development, such as charging stations and electric vehicle fleets. Additionally, the funds will be allocated for team expansion, liquidity provision on exchanges, and various operational needs.
Team & Advisors
The Team Allocation comprises 17.50% of the total token supply (350,000,000 tokens). These tokens have been used to hire core and early team members before the token offering, with distribution based on contracts. Team members joining during or after the token offering will be allocated tokens from the project development token pool. Advisors are allocated 5.00% of the total token supply (100,000,000 tokens) to form eTukTuk’s advisory board. These professionals will provide expertise aligned with the project’s roadmap and positively impact its direction.
Partnerships, Early Rewards & Staking
Partnerships account for 8.00% of the total token supply (160,000,000 tokens) and aim to establish strategic, long-lasting collaborations. This includes integrating third-party EV fleets, TukTuk drivers, and electric charging station owners and executing marketing and social media campaigns. Early Rewards constitute 2.40% of the total token supply (48,000,000 tokens). They will be distributed to token holders participating in private and public sales based on a dynamic system considering the number of participants and tokens purchased. Early rewards allow passive earning while the ecosystem is being developed. Staking Rewards represent 19.50% of the total token supply (390,000,000 tokens). Token holders can participate in dynamic staking pools with rewards based on a modelled inflationary curve. This incentivises long-term engagement within the eTukTuk ecosystem.
Private & Public Sale
The Private Sale allocation reserves 7.50% of the total token supply (150,000,000 tokens) for early participants, distributed in three rounds of discounted sales. Tokens will have a vesting period to ensure ongoing involvement in the eTukTuk ecosystem. The Public Sale allocation accounts for 12.50% of the total token supply (250,000,000 tokens). It will be available to the general public following the conclusion of the Private Sale in different stages determined later.
Why eTukTuk Embraces Distributed Ledger Technology?
Transparent Operations: Using blockchain technology’s power, eTukTuk creates a transparent ecosystem where every transaction and operation is openly recorded and auditable. This fosters a sense of trust among participants, as they can easily verify and understand the system’s inner workings, promoting transparency and openness in all interactions.
Robust Security: eTukTuk prioritises the security and privacy of its users by leveraging blockchain’s decentralised and immutable nature. With protected user data, the risk of unauthorised tampering is significantly reduced. Therefore, participants can engage with peace of mind, knowing their information and transactions are safe.
Improved Speed and Efficiency: Embracing blockchain technology enables eTukTuk to enhance the speed and efficiency of transactions. Participants experience faster and more seamless interactions by streamlining processes and eliminating intermediaries. This improvement in speed and efficiency enhances the user experience and contributes to a more dynamic and agile ecosystem.
Immutable Traceability: With blockchain as its backbone, eTukTuk ensures transaction traceability throughout the ecosystem. Every asset, from origin to current ownership, is diligently recorded and verified, creating a reliable and transparent record. This instils participants’ confidence, enables accountability, and promotes integrity within the entire eTukTuk community.
The Sharing Economy: eTukTuk embraces the spirit of a sharing economy, where participants can actively contribute to and benefit from the ecosystem’s success. By staking tokens, individuals become part of a community-driven initiative, earning rewards and sharing in the growth of eTukTuk. This inclusive approach creates a sense of belonging, cooperation, and collective prosperity, making the journey with eTukTuk a truly rewarding and fulfilling experience.
Building on Cardano: An Overview of eTukTuk’s Choice
The Cardano blockchain offers a superior solution to the existing infrastructure in developing regions, which makes it an excellent fit for the eTukTuk network. The technology provides drivers with an expanded payment system, making transactions more efficient and reducing resource waste. Furthermore, the Cardano blockchain technology facilitates seamless communication between drivers, charging stations, eTukTuks, and the control centre, ensuring smooth operations. Among the many reasons why Cardano is a perfect fit for powering the eTukTuk ecosystem are:
The Green Blockchain
Cardano stands out as a sustainable and energy-efficient blockchain designed to address the environmental concerns associated with traditional blockchain networks. With its energy-efficient, proof-of-stake consensus protocol, Cardano significantly reduces energy consumption, making it an environmentally friendly choice.
Technological & Social Vision
Cardano embodies a forward-thinking technological vision, leveraging formal verification and advanced features to enhance transparency, traceability, and data security. The blockchain utilises formal verification to ensure the validity and robustness of its chain. Additionally, Cardano’s commitment to making a real-world impact aligns with eTukTuk’s mission of reducing pollution and improving the financial well-being of its drivers.
Native Token Support With Fast Transactions
Cardano facilitates seamless interactions with custom assets through its native token support, such as paying for charging services with TUK utility tokens. This will ensure fast and efficient transactions, making it easy for eTukTuk users to use the TUK utility token for various purposes.
Proof of Stake & Side-chain Support
Cardano’s proof-of-stake consensus protocol ensures a more environmentally friendly approach to securing the network than energy-intensive proof-of-work systems. Cardano’s side-chain support also enables the network to handle high transaction volumes without compromising scalability, ensuring smooth operations for eTukTuk and its users.
By leveraging Cardano’s technology, eTukTuk aims to create a use case that allows drivers to diversify their income and expand their earning opportunities. Integrating digital identity solutions with eTukTuk’s platform enables a seamless and secure way to verify and authenticate drivers, ensuring trust and reliability within the ecosystem. By harnessing Cardano’s capabilities, eTukTuk empowers drivers to explore new avenues of income generation, promoting financial inclusion and economic growth.
eTukTuk aims to provide opportunities for those embracing the sharing economy model while actively reducing CO2 emissions. By introducing strategically placed Electric Vehicle Supply Equipment (EVSE) and Zero Emission Vehicles (ZEVs), eTukTuk is paving the way for a new era of efficient and sustainable transportation. Joining the eTukTuk network allows you to earn while promoting environmental consciousness, positively impacting both your wallet and the planet. Don’t miss out on the chance to be part of this ground-breaking initiative. Check out eTukTuk today and participate in the Early Rewards program available to private and public sales investors.
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
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