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The green crypto project eTukTuk has crossed the $1m mark in its ongoing presale as investors flock to back its innovative electric vehicle initiative.
With presale momentum accelerating daily, eTukTuk (TUK) looks primed to transform the transportation sector in developing countries using the power of blockchain technology.
eTukTuk Presale Reaches $1m as Discounted TUK Price Tempts Investors
eTukTuk’s presale is structured in multiple stages, with the TUK token price increasing incrementally as more funds are secured.
The presale has a hard cap target of $10.7 million in order to reach the goals laid out in the project’s roadmap.
At the time of writing, TUK tokens are priced at just $0.026, with investors able to make purchases using BNB, USDT, or a credit/debit card.
Investors can also stake their purchased tokens to generate yields up to 216% APY – with over 23 million TUK tokens staked already.
More than $1 million has been raised from presale buyers, who receive an allocation of 6% of the total 2 billion TUK supply.
Once the presale ends, eTukTuk’s developers plan to list TUK on leading exchanges to help raise liquidity and boost accessibility.
Members of eTukTuk’s Telegram community are already looking forward to these listings, believing the project’s eco-friendly goals could be a catalyst for demand.
With the presale’s current momentum, eTukTuk seems on track to hit its hard cap goal soon before transitioning to the execution phase of its roadmap.
How eTukTuk Leverages DePIN for Eco-Friendly Transformation
But what exactly is the eTukTuk project, and what does it aim to achieve?
As outlined in the project’s whitepaper, eTukTuk is an eco-friendly initiative that uses decentralized infrastructure to tackle the pressing issue of climate change.
More specifically, it plans to deploy electric vehicles, charging stations, and optimized AI systems across developing regions to drive the transition away from combustion engines.
As such, eTukTuk is essentially a transportation-based DePIN – decentralized physical infrastructure network.
It will incentivize a community of drivers, charging station hosts, developers, and other contributors using TUK token rewards on both the BNB Chain and Cardano.
This multi-chain approach aims to boost inclusivity, ensuring anyone can get involved.
Ultimately, by relying on decentralized participation powered by token rewards, eTukTuk aims to scale its network rapidly.
By doing this, the project seeks to reduce emissions, curb pollution-related illnesses, and promote the financial inclusion of unbanked populations.
For this reason, eTukTuk has been ranked 5th on CoinSniper’s list of upcoming ICO launches to watch – further showcasing the growing buzz around its mission.
Growing Social Media Hype & Influencer Backing Position eTukTuk for Growth
Beyond its use of decentralized infrastructure to drive sustainability, other key factors are generating hype around the eTukTuk project.
Across “crypto Twitter,” conversations about eTukTuk’s presale and long-term potential are multiplying.
This grassroots hype is also complemented by growth in eTukTuk’s official Twitter page, which now has 43,000+ followers.
eTukTuk’s community backing dovetails with the resurgence of bullish momentum in the crypto market after a challenging end to January.
Bitcoin (BTC) is now valued at over $52,000, and the positivity surrounding the broader market is boosting interest in new projects like eTukTuk.
Major influencers are also taking note of eTukTuk, with YouTuber Michael Wrubel discussing the project in a video to his 310,000 subscribers.
He highlighted eTukTuk’s ambitious goal, stating that he’s “bullish” on the TUK token.
The combination of social media hype, a renewed bull market, and influencer endorsements has positioned eTukTuk as one of 2024’s most talked-about new blockchain projects.
If the team can sustain this momentum, the sky is truly the limit for eTukTuk and its native TUK token.
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