Decentralize ride - hailing

TukTuk

Over the past decade, Web2 ride-hailing apps have evolved into oligopolies, directly or indirectly employing millions of people worldwide. Their size and scale have granted them significant bargaining power over drivers, skewing the balance in their favor. These powerful platform, acting as intermediaries, collect high fees, reducing the earnings of the drivers.
The power of Web3 lies in its ability to minimize or eliminate the need for intermediaries, and this is the core vision of Tuk-Tuk. Leveraging crypto and blockchain technology, Tuk-Tuk aims to reduce its overhead costs and redistribute a fairer share of revenue to drivers and token holders alike.

01.

Product

TukTuk is a decentralized platform for ride-hailing services where ride payments as well as app-fees are settled on-chain. This structure aims to provide lower fees for drivers and create an investment opportunities for $TUK utility token holders.
Key Benefits
The key benefits for Drivers are represented by lower commission fees compared to traditional ride-hailing services (Uber, Grab, etc.), allowing drivers to retain a larger portion of their earnings. While crypto native holders have the opportunity for investment through the $TUK token, with buyback and burn mechanics and other user incentives to create token value.

02.

Tokenomics

The $TUK token operates on the Solana blockchain, with a fixed total supply of 1,000,000 tokens. The tokenomics are structured to ensure broad distribution and incentivize early participation.

  • Advisors/Partners-> Allocation: 5% | Cliff: 6 months | Vesting: 18 months | Initial Unlock: 15% at TGE | Fully Unlocked: After 24 months

  • Airdrop -> Allocation: 10% | Distribution date: TBD

  • Community Incentives -> Allocation: 40% | Cliff: 0 months | Unlock Schedule: Progressive linear unlock over 24 months

  • Liquidity - LP -> Allocation: 10%

  • Public Sale -> Allocation: 10% | Cliff: 6 months | Vesting: 12 months | Initial Unlock: 15% at TGE (Token Generation Event) | Fully Unlocked: After 18 months

  • Team -> Allocation: 10% | Cliff: 12 months | Vesting: 12 months | Initial Unlock: 0% | Fully Unlocked: After 24 months

  • Treasury/Development -> Allocation: 20% | Cliff: 0 months | Unlock schedule: Progressive linear unlock over 24 months

03.

Roadmap

90 days milestones

  • First 30 Days: Develop and deploy content strategy, launch Telegram (TG) and other social media channels, create a landing page, deploy smart contracts, and release the Gitbook and whitepaper

  • By Jul 15th: Launch MVP (Minimum Viable Product) including the app and smart contract, reach 300 TG members, and 1500 followers on social media

  • By Jul 30th: Token launch, achieve the first 100 app downloads

  • By Aug 22nd: Organize Coinfest beach party, aim for 1000 app downloads

  • By Sep 15th: Initiate airdrop campaign

12 months plan

  • Q3 2024: Launch MVP app in Indonesia with the first 100 users and 20 drivers, complete $TUK token launch

  • Q4 2024: Expand the team with full stack and blockchain engineers, enhance the pricing engine and smart contract, and expand services to Thailand and Vietnam

  • Q1 2025: Expand to South America, migrate the app to dePIN infrastructure, aim for 100,000 users and 10,000 drivers

  • Q2 2025: Continue team expansion (tech and client services), fully decentralize the app, and explore real word assets tokenization (for cars and scooters)

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