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EV tokens, despite their immense potential, are relatively obscure.
Over the last few years, Web3’s focus has derailed toward entertainment and quick gains. But things are changing for the better now, with the market regaining its foothold. Crypto projects with real-world relevance are back in the limelight.
A recent project that fits the description is eTukTuk – an EV token dedicated to transforming the public transportation sector in developing economies.
Global acceptance, especially from traditional investors and the masses, is a need of the hour for Web3. Meme coins and DeFi tokens integrated with quick-gain schemes can’t be the face of the market anymore.
The decentralized ledger system put forward by blockchain technology is capable of fostering transparency and accountability in large-scale projects. It has utility across different sectors, EVs being one of them.
eTukTuk is a new crypto initiative that aims to revamp the transportation sector in developing economies for a greener planet. The project recognizes the limitations of a broad approach in the EV market. EVs built for developed economies are often not feasible for people living in developing economies due to the high initial investment barrier and poor infrastructure.
eTukTuk has honed its focus on the public sector as a result.
The eTukTuk ecosystem comprises electric three-wheeler taxis primarily. These EVs are the outcome of an extensive five-year research and development phase. But its scope extends much beyond that, acknowledging the inadequate EV infrastructure in these countries through a supporting ecosystem.
The seamless adoption of eTukTuks in developing
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