> For the complete documentation index, see [llms.txt](https://tuktuks-organization.gitbook.io/tuk-tuk-litepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tuktuks-organization.gitbook.io/tuk-tuk-litepaper/tuk-tuk-ride-hailing-3.0.md).

# Tuk-Tuk: ride-hailing 3.0

Introducing Decentralized Ride-Hailing.

<figure><img src="https://355592497-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FWKrvEfuwLf8F1N2uzOnX%2Fuploads%2FE6LdaXU1OqH7sMZS2Ybx%2FTukTuk%20Logo.jpeg?alt=media&amp;token=29e71b55-26f8-4273-b955-0e19a767bb2d" alt=""><figcaption></figcaption></figure>

TukTuk is a **decentralized platform for ride-hailing services** where ride payments and app-fees are settled on-chain.&#x20;

*Key Benefits*

1. Drivers: **Lower commission fees** compared to traditional ride-hailing services (Uber, Grab, etc.), allowing drivers to retain a larger portion of their earnings.
2. Crypto Native Holders: Opportunity to pay for their rides using crypto and get discounted fares via the **$TUK token**, with buyback and burn mechanics and other user incentives to create token value.

*Fair Rides*

* For a $10 ride,  traditional ride-hailing apps charge \~30% in fees&#x20;

-> $3 fees, leaving $7 for the driver.

* TukTuk only charges 15% in fees&#x20;

-> $1.5 fees, leaving $8.5 for the driver.