BBB & Social Impact ($TUK)
Last updated
Last updated
To further incentivize and reward token holders, TukTuk will implement a Buy Back and Burn program using a portion of the fees generated from rides. This program is designed to enhance the value of the $TUK token and support the community in meaningful ways.
Allocation of Profits:
66% for Buy Back and Burn: A significant portion of the profits, 66%, will be used to buy back $TUK tokens from the market and subsequently burn them. This process reduces the total supply of $TUK, thereby increasing the token’s scarcity and value over time.
34% for Community and Development:
14% for Social Impact Projects: From the remaining profits, 14% will be allocated to fund projects chosen by the community. These projects will focus on creating a positive social impact, ensuring that the TUKTUK community directly contributes to meaningful causes.
20% for Treasury: The final 20% will be allocated to the treasury to cover essential costs such as tech development and marketing. This ensures that TUKTUK can continue to innovate and grow, maintaining a strong presence in the market.
By integrating the Buy Back and Burn program, TUKTUK aims to enhance the token value, while at the same time empowering its community to drive social change and support the platform’s ongoing development. This holistic approach ensures that all stakeholders benefit, aligning the interests of the drivers, riders, and token holders.