Sustainable cryptocurrency eTukTuk’s presale is surging towards $1 million in funds raised.
Investors have been piling into the sustainable transportation-focused web3 start-up’s presale ahead of an imminent price rise.
$TUK tokens are currently available for $0.0265.
But the $TUK price is set to jump when the presale hits $1,002,904 and enters its next stage.
Sustainable cryptocurrency eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology.
The protocol hopes to encourage tuk tuk drivers to go electric so they can join and benefit from eTukTuk’s blockchain-powered charging network.
"Breakout crypto eTukTuk is working on improving urban transportation in developing nations with electric vehicles and blockchain technology." – @cryptonews
Read more here: https://t.co/7hr62WePzm
— eTukTuk (@eTukTukio) February 8, 2024
eTukTuk will debut in Sri Lanka and is supported by one of the island’s most important companies, Capital Maharaja Group.
First established over 90 years ago, CMG has a deep pedigree in supporting technological improvements in Sri Lanka.
While the major cryptocurrencies have struggled to maintain bullish momentum this month, breakout crypto eTukTuk token’s presale continues to attract excited investors.
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Given how small and cheap they are to run, tuk tuks are a key mode of transport for developing nations.
However, tuk tuks are notorious for their high levels of pollution.
For example, a tiny tuk tuk typically has higher CO2 emissions than a conventional automobile.
This not only hurts city residents in developing countries like Sri Lanka but also contributes to global warming.
“270 million internal combustion engine (ICE) Tuk-Tuks and other
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