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The eco-friendly crypto project, eTukTuk, has raised over $1 million in the ongoing presale as investors flock to back its electric vehicle initiative.
How eTukTuk fights against climate change using DePIN
One of the main reasons for eTukTuk’s funding numbers is its DePIN model.
But what is DePIN, and how does the project use it?
DePIN stands for Decentralized Physical Infrastructure Networks – essentially using the blockchain to power real-world infrastructure.
With eTukTuk, the physical infrastructure comprises electric vehicles, charging stations, and related technology across various developing countries.
The project will incentivize a community of drivers, charging station hosts, developers, and other contributors using TUK, its native token, as rewards.
For example, individuals could earn rewards by providing space and maintaining charging stations.
As such, although eTukTuk will manage the initial deployment of electric vehicles and charging stations, the decision-making power will be gradually decentralized over time.
This DePIN approach allows for more efficient scaling than traditional centralized management models.
It also promotes sustainability, as earnings depend on following eco-friendly practices in using electric vehicles and minimizing emissions.
Ultimately, eTukTuk’s use of DePIN to deploy infrastructure could help revolutionize the transportation sector in developing regions.
As highlighted in eTukTuk’s whitepaper, these regions stand to benefit massively from greater access to green transportation and the financial system.
TUK presale gathers momentum
Given how eTukTuk uses decentralized infrastructure to drive sustainability, it’s no surprise investors are flocking to participate in the ongoing presale event.
In the past few weeks, the eco-friendly project has raised hundreds of thousands of dollars from contributors eager to back such an innovative solution.
Momentum continues to accelerate by the day, with the presale’s hard cap of $10.7 million well within reach at the current pace.
Across X, interest around eTukTuk is rising.
Conversations between investors highlight the potential of the project’s real-world impact and the financial upside of securing TUK tokens early.
This retail interest aligns with the influx of new members to eTukTuk’s Telegram channel, which now comprises 11,800 people.
The platform’s developers have hinted at plans to list TUK on exchanges once the presale ends, yet no specifics have been announced.
A successful exchange debut would allow many more investors to participate in eTukTuk’s growth story – which would likely positively affect TUK’s value.
eTukTuk’s ambition to be a green crypto in 2024
With excitement around eTukTuk’s presale, many investors are wondering if TUK could be a green crypto of 2024.
The project’s real-world ambition of reshaping transportation in developing countries comes at a key inflection point.
As mentioned in eTukTuk’s whitepaper, air pollution causes 7 million premature deaths annually, and emissions must fall by 7.6% yearly to meet climate targets.
Additionally, the global fleet of combustion engine vehicles in these nations is set to rise by 50% by 2050.
eTukTuk offers a straightforward solution to these problems through its decentralized, crypto-based setup.
By leveraging DePIN and multi-chain interoperability, the project aims to scale rapidly and make a tangible impact.
Considering the massive market opportunity and the growing interest in eco-conscious investments, TUK seems well-positioned to be a breakout asset.
If eTukTuk’s creators can deliver on their vision, it could emerge as one of the most attractive projects for investors focused on sustainability.
Those interested in eTukTuk’s presale can buy TUK tokens for $0.026 in the current presale stage.
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