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eTukTuk raises $1.2m in presale, analysts expect more gains

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eTukTuk raises $1.2m in presale, analysts expect more gains

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

A new crypto project, eTukTuk, has raised over $1.2 million, pointing to rising investor interest in sustainable transportation solutions. 

With such high presale figures, the platform’s native TUK token looks well-positioned for growth when listed on exchanges later this year.

Early presale participants are likely to benefit. Each subsequent stage of the presale results in a 3% price increase, offering pre-listing gains for early supporters (with a total increase of up to 31% throughout the presale).

With the growing excitement surrounding this eco-friendly platform, you may wonder what is eTukTuk? And how does it work?

Let’s dive in.

Leading sustainable transport with EVs and DePIN technology

eTukTuk is reshaping urban mobility by offering electric vehicle charging system (EVSE) tailored for suburban areas and crowded cities in developing countries. 

The project’s electric tuk-tuk model is designed to be affordable and efficient, aiming to replace over 270 million traditional combustion engine tuk-tuks globally.

eTukTuk leverages Decentralized Physical Infrastructure Networks (DePIN) to power its infrastructure, using blockchain to create a more democratic, transparent, and secure ecosystem.

eTukTuk raises $1.2m in presale, analysts expect more gains - 1

Central to this project is the TUK token, part of a strategy to reduce carbon emissions, mitigate CO2-related health issues, and improve financial inclusion, particularly in developing nations.

Notably, TUK holders can earn staking rewards, with an APY of over 220%, encouraging a “buy and hold” strategy post-launch.

The platform’s multi-chain approach, including BNB Chain and Cardano, ensures inclusivity and cross-chain interoperability. This is also expected to drive rapid expansion and significantly impact sustainability and financial inclusion, especially in developing regions.

eTukTuk is also improving urban mobility with AI and blockchain technologies, which include AI-driven route optimization to reduce traffic congestion and smart infrastructure for intelligent transport systems.

The TUK supports these tech advancements and aligns with environmental objectives by funding green transportation research and incentivizing community engagement.

eTukTuk raises $1.2m in presale, analysts expect more gains - 2

The integration of AI in eTukTuks also enables timely maintenance, extending the lifespan of the vehicles and ensuring their reliability.

Additionally, eTukTuk is developing a play-to-earn game inspired by Crazy Taxi, set in Sri Lanka, to further extend its ecosystem.

Strong community support ahead of exchange listings

The presale’s hard cap of $5.69 million is well within reach, given the current pace of increase in investor interest. 

There is interest in eTukTuk as evident on social media platforms, with the project’s Telegram channel now having over 11,900 members.

The project’s roadmap includes expanding its electric vehicle network across Asia-Pacific over the next three years, installing charging stations, and utilizing AI systems to optimize efficiency.

Top YouTubers like Jacob Bury and Michael Wrubel have endorsed eTukTuk, highlighting its potential to their broad audiences. 

Also, talks of TUK being listed on exchanges are creating anticipation for a surge in demand, which could offer upside potential to early buyers.

eTukTuk’s vision aligns with global efforts to reduce air pollution and meet climate targets.

By leveraging DePIN and multi-chain interoperability, the project aims to scale rapidly and make a tangible impact on the transportation sector in developing countries.

As the presale continues to gain momentum, eTukTuk can surge in 2024. 

Early investors can buy TUK for just $0.027 in the ongoing presale.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.