The crypto market has been swinging back and forth for a while now, giving no clue to investors and traders. The prediction that the Bitcoin price may dip to $20,000 is getting stronger. It is substantiated by the lack of strong movements, despite Bitcoin-halving approaching.
If BTC fails to take a trajectory above $35K by the end of October, it may lead to a cascade of sell-offs. Uninhibited, the crash would settle down at just above $20K.
That might be bad news for investors who have confined their crypto portfolio to just BTC. This is where projects like eTukTuk enter. In this article, we will take a closer look at the project and how it emerges as a safe haven in the volatile market.
📢📢 Exciting news! 📢📢
The most awaited $TUK token Pre-sale is now live for our community.
We will be opening this for the general public soon.
Head over to https://t.co/GvuDgRNJUD and be a part of the future of transportation. pic.twitter.com/uvjLCQYYWl
— TUK Token (@TukToken) August 1, 2023
eTukTuk has large room for growth
It is important to understand the growth potential of an asset before investing in it, no matter how good its reputation is. For example, Bitcoin has struggled to give substantial returns to investors this year. Although it continues to be the world’s largest cryptocurrency, that makes little difference in terms of ROI.
Investors are looking for cryptocurrencies that can give them generous returns. While short-term investors prefer volatile assets like meme coins that can pump (or dump) 10X to 50X over a week, long-term investors have their eyes on utility-rich assets that can stand the test of time.
Established cryptocurrencies like BTC, ETH, ADA, and SOL have utilities. But they don’t have a large width for growth, with their market caps already in billions.
New crypto coins like eTukTuk, on the other hand, are utility-rich and provide large room for growth to early investors. The key lies in unearthing them early.
What is the market relevance of eTukTuk?
eTukTuk has a real-world purpose – to transform the public EV transportation system in developing nations and mitigate their carbon emissions.
It stands apart from the majority of newly emerging cryptocurrencies with its tangible mission. eTukTuk’s EV infrastructure operates on the BNB Chain’s Layer-2 opBNB protocol and makes use of AI technology for better optimization.
<blockquote class=”twitter-tweet”><p lang=”tl” dir=”ltr”>1/ eTukTuk 🤝 BNB Chain<br><br>A Thread 🧵 <a href=”https://t.co/1HdaZJMI5K”>pic.twitter.com/1HdaZJMI5K</a></p>— TUK Token (@TukToken) <a href=”https://twitter.com/TukToken/status/1701265308265460051?ref_src=twsrc%5Etfw”>September 11, 2023</a></blockquote> <script async src=”https://platform.twitter.com/widgets.js” charset=”utf-8″></script>
Due to its contribution to climate action, eTukTuk is not only relevant in developing nations, but also in developed ones. It recognizes that combating climate change is a global endeavor that requires participation from both developing and developed economies. That’s something most EV brands miss.
To provide a clearer perspective, there are over 270 million registered tuk-tuks scattered across the globe. They are one of the most favored modes of public transportation in developing nations and contribute to air pollution.
eTukTuk’s goal is to steer the tuk-tuk sector towards carbon neutrality. The peer-to-peer EV ecosystem consists of a dynamic multi-revenue model that blends sustainability with innovation, in addition to locally manufactured EVs.
Five+ years in development
eTukTuk‘s development journey spans over five years, in stark contrast to the myriads of crypto projects that spring up overnight based on fleeting trends.
The project has been working on optimizing electric three-wheelers to cater to drivers in developing nations. Technical and financial affordability is important when entering a developing economy as most people can’t afford a private vehicle, let alone an EV.
Today, eTukTuk has established breakthrough standards in EV production. Meticulously designed with fewer than 200 components, eTukTuks can be locally manufactured, thus reducing the initial capital investment for drivers.
eTukTuks have integrated patented roll cage designs and LFP batteries, rendering them a secure alternative to regular Tuk Tuks. Being scalable, eTukTuk has the potential to capture a substantial market share in the coming years.
Furthermore, to enhance driver efficiency, optimize routes, minimize battery consumption, and forecast the optimal times for recharging, eTukTuk has integrated AI solutions into its infrastructure.
The eTukTuk peer-to-peer network
eTukTuk operates in line with blockchain’s decentralized vision.
It introduces a blockchain-based peer-to-peer network. The key pillars of this network are Territory Partners, Power Stakers and eTukTuk drivers.
- Territory Partners are responsible for operating charging stations in strategic locations.
- Power Stakers secure the payment network
- Drivers use the charging stations run by Territory Partners and make payments in TUK tokens, which are redistributed to both Territory Partners and Power Stakers.
The cyclic system ensures seamless operations and incentivizes participation.
eTukTuk is coming to Sri Lanka soon!
Sri Lanka has over 1.2 million registered tuk-tuks. That explains why eTukTuk has decided to begin its journey in the island nation. But the fact that the fuel costs in Sri Lanka are escalating, makes it a strategic decision that can bear a huge economic impact as well.
eTukTuk will enable drivers to transition to a more cost-efficient system, potentially increasing their earnings by up to 400%.
eTukTuk has entered into partnerships with leading industry companies and organizations like Capital Maharaja Group (CMG), CityAM, AsiaTokenFund, and NuFi, expanding its network and reach within the industry. The network will expand in the coming months as eTukTuk enters more regions.
How to invest in eTukTuk?
If you’re interested in becoming an early-stage investor in eTukTuk, the best way in is the ongoing TUK presale. Given the project’s large growth potential and surging popularity, it will be difficult to acquire TUK for a low cost after the presale.
TUK token staking is now live too, offering a remarkably high APY of 41,646% at the time of writing.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
