# 🟢 $TUK Token

$TUK is the native token of the Tuk-Tuk Ecosystem. It is built to align incentives between drivers, riders and $TUK token holders and believers.

**Overview**

* **Blockchain**: Solana blockchain
* **Total Supply**: max supply 1 billion (1,000,000,000) $TUK

**Token Utility**

* **Buyback and burn**: Tuk-Tuk uses 66% of the fees generated by the rides to buyback $TUK tokens
* **Ride Payments**: $TUK allows you to pay for rides within at a 10% discounted fair
* **Driver Rewards**: Incentivize drivers with $TUK for excellent service and milestones
* **Social projects and community**: Holders can vote on social projects funded by TukTuk. TukTuk uses 14% of the fees generated by the rides to fund social projects