HARVEST FLOW Launches New Pool "Cardano Tuktuk" on Cardano - Social Contribution Starting from 100 ADA with the Shortest Term of 3 Months

Apas Port Inc. (Headquarters: Shibuya-ku, Tokyo; Representative Director: Daisuke Sasaki), a creative production company that creates digital content, announces the expansion of its crypto asset lending service "HARVEST FLOW" to the Cardano chain and the launch of its new pool, "Cardano Tuktuk."

What is "Cardano Tuktuk"?

"Cardano Tuktuk" is a new HARVEST FLOW pool that lends ADA on Cardano and utilizes the funds for vehicle acquisition loans for tuk-tuk drivers working in Cambodia.

ADA lent by participants will be used as funds for local drivers to acquire tuk-tuks and generate their own income. Repayments from drivers will be the source of returns for lenders, who can receive an annual interest rate of 8% income gain and an "ON" CHAIN ART (NFT) "Proof of Support" as proof of their contribution.

This pool is designed to be the shortest-term pool HARVEST FLOW has ever launched, with a maturity of 3 months and a minimum participation of 100 ADA (approximately 2,500 yen), making it accessible even for those new to crypto asset lending.

A System for Local Self-Reliance Support

In Japan, taking out a loan for a vehicle is a common option, but in some parts of the world, acquiring a vehicle itself is a major hurdle due to restrictions on financial access and credit screening.

For tuk-tuk drivers working in Cambodia, a vehicle is more than just a means of transportation. It is a vital tool for earning a continuous income and supporting their families' lives while supporting the movement of tourists and local people. However, for individuals lacking sufficient credit history or collateral, acquiring a vehicle through traditional financial services is not easy.

ADA lent through "Cardano Tuktuk" will be used for vehicle acquisition loans for these local drivers. By acquiring a tuk-tuk, drivers gain the opportunity to generate their own income, and their repayments become the source of returns for lenders.

In this initiative, we are collaborating with Global Mobility Service Inc. (GMS) and equipping vehicles with IoT devices. By utilizing data such as driving status and repayment status, we visualize vehicle usage and reduce the risks of non-payment and theft. Furthermore, by remotely controlling vehicle startup based on repayment status, we provide a system that offers safer and more continuous lending opportunities to those with limited financial access.

HARVEST FLOW has provided funding for over 155 tuk-tuks in Cambodia since October 2023. It is a new form of socially contributing asset management that creates value for both supporters and workers.

Project Overview

▲ Cardano Tuktuk Proof of Support

・Project Name: Cardano Tuktuk ・Supported Chain: Cardano ・Status: Currently available ・Lending Unit Price: 100 ADA (approximately 2,500 yen) ・Maturity: 3 months ・Returns: ・Annual Interest Rate: 8% ・Proof of Support: Proof of Support Art - "ON" CHAIN ART (NFT) "Cardano Tuktuk" Proof of Support is created by Momoka Ito.

How to Participate

Access https://cardano.v2.harvestflow.io

Select the "Cardano Tuktuk" project

Choose the desired amount (from 100 ADA) and lend

After the transaction is complete, "ON" CHAIN ART will be automatically issued. * To participate, you must hold ADA in a compatible wallet.

About Cardano

Cardano is a public blockchain that utilizes the crypto asset ADA. It is used by users and developers worldwide not only for sending and holding ADA but also as a foundation for running various services and applications.

Cardano is also characterized by its energy-efficient and sustainability-focused mechanism. Unlike the Proof of Work method used by Bitcoin, which requires a large amount of computational processing, Cardano employs the Proof of Stake method, which maintains the network with less electricity.

Furthermore, Cardano is known as a blockchain that has focused on the areas of education and social implementation. It has evolved into an open infrastructure that more people can participate in, rather than being merely a technology for investment and trading.

About HARVEST FLOW

HARVEST FLOW is a lending service provided by Apas Port Inc. that allows users to lend crypto assets to businesses for a fixed period, enabling them to achieve social contribution while earning stable income gains. It offers new social actions that promote social and economic transformation through a mechanism that "harvests" fruits worldwide and allows "funds to flow," going beyond monetary returns. When crypto assets are lent, an "ON" CHAIN ART (NFT) is issued as proof of lending, created in collaboration with artists. By holding this, users can receive interest and claim repayment of the principal.

Related Links ◾️ Official X: https://x.com/HarvestFlow_io

◾️ Official Discord: https://discord.gg/harvesthall

Company Profile

◾️ Company Name: Apas Port Inc. ◾️ Representative Director: Daisuke Sasaki ◾️ Business Content: Planning and development of "ON" CHAIN ART, design and operation of global communities

Inquiries ◾️ Company Name: Apas Port Inc. ◾️ Email: info@apasport.xyz