Turtlenomics

Turtle Token - Overview, Strategy, Distribution and Fundamentals

Turtle Protocol aims to create a sustainable and decentralized ecosystem by distributing protocol fees and leveraging the Turtle token to foster user engagement, long term liquidity relationships with stakeholders that will drive liquidity growth towards our partner protocols. This section outlines the key components of our tokenomics, ensuring transparency and clarity for potential investors and token holders.

Initial Growth Strategy

Our initial focus will be on building our liquidity, protocol and tech moat. By focusing on user and liquidity growth rather than immediate revenue generation. Turtle is the first mover and already on track to becoming the dominant player in one of the largest new verticals within our industry. And thus we have designed a strategy focusing on growth in this winner-take-most segment. The first project to achieve economies of scale will likely capture a large proportion of the market.

Initially directing contributions to the TurtleDAO treasury will allow us to build a robust treasury of yield and interest-bearing assets, supporting the Turtle token. Working with Turtle Partners, to ensure that our interests are aligned, as well as investing in the development of Turtle's unforkable code base, providing more value for our users and partners as time goes on.

TURTLE End Game

Turtle Protocol aims to evolve into a balanced contribution distribution model once regulatory concerns subside. Where boosted rewards from yield, swaps, referral and other boost product will be distributed directly to Turtle users, TURTLE stakers, TURTLE holders (through buyback and burn) and protocol development to maximize value accrual to Turtle Users and Token holders. This incentivizes participation and rewards value generating activities among active Turtle users.

Turtle Token Distribution & TURTLE Vesting

Turtle Token (TURTLE)

  • 1,000,000,000 Turtle token (TURTLE) fixed Max Supply ERC-20 Standard.

  • TURTLE has adopted the ERC 20 Token Standard.

  • TURTLE will leverage the Hyperlane cross chain technology, to create an omni-chain token that is mintable and redeemable on multi-chains across the Web3 (Ethereum, Linea, Scroll, Mantle, Berachain, Peaq and more).

Token Distribution: Non Community Allocation: 360,000,000 TURTLE (36%)

Split between Team, Investors and Advisors

Community Allocation: 640,000,000 TURTLE (64%)

  • Turtle LPs: 420,000,000 (42%)

  • Turtle Partner Protocols and Exchange Listing: 145,000,000 TURTLE (14.5%)

  • TurtleDAO Treasury: 50,000,000 TURTLE (5%)

  • Turtle Contributors: 25,000,000 TURTLE (2.5%)

Unlock at TGE:

· Turtle LPs/Users: 90,000,000 (9%)

· Turtle Partner Protocols 20,000,000: (2%)

· Tier 1 Exchange Listing: 5 - 10,000,000: (0.5% - 1%)

TURTLE Vesting Schedule

Seed Extension Investor Schedule:

  • 4-6 month cliff, 12 month linear vesting after cliff

Turtle Team, Advisor and Contributor Allocation. vesting schedule:

  • 0% unlock at TGE

  • 8 month cliff

  • 24 month linear vesting

Turtle LPs and Partner Protocols

  • 60% unlock at TGE

  • 40% linear vesting over 12 weeks

Turtle LPs and Turtle Partner Protocols need to stake their initial Turtle tokens airdrop to linear vest the remaining 40% of their Turtle token allocation. If they do not stake Turtle tokens, their remaining Turtle tokens will be forfeited and transferred to the TurtleDAO Treasury over the 12 week linear vesting period. If Turtle LPs and Partner Protocols buy back and stake an amount of Turtle tokens equal or higher than their initial TURTLE airdrop. They will start to vest their remaining unvested TURTLE allocation.

Token Utility. Value Accrual and Turtle Token Staking

  • All Protocol IP and value will be distributed to the TurtleDAO and by extension TURTLE holders. In the event anything of value will be directed towards the Turtle Association, we will issue the pro rata Association stake to TURTLE holders.

  • TURTLE tokens facilitate user participation and value accrual within Turtle Protocol, driving long-term ecosystem engagement and value to TURTLE holders.

  • TURTLE Tokens use cases include liquidity provisioning, access to exclusive features, and incentives for ecosystem growth.

  • Governance Rights: TURTLE token holders can participate in protocol governance, including decisions about treasury allocations, protocol updates, and changes in rewards mechanisms.

  • Staking Mechanisms: Users can stake TURTLE tokens, earning additional incentives and increasing their reward multipliers, fostering liquidity and alignment between Turtle Protocol and its community.

Turtlenomics- Economic Model and Incentives

Turtle will transition to compliant model that passes on a portion of all protocol fees directly to LPs, once:

  • A positive precedent has been set by protocols that have not been deemed a security token.

  • Turtle.Club has reached sufficient decentralization to pivot without being deemed a security.

  • The regulations have become sufficiently friendly to make the pivot without being deemed a security token.

Inflationary/Deflationary Model: Turtle incentives must have real value and protocol fees attached against it to come into circulation. Turtle Protocol follows a deflationary issuance model with a maximum supply of 1 billion TURTLE tokens, making it increasingly more capital and contribution intensive to mint new Turtle incentives/tokens into circulation as the circulating supply grows. Token emissions align with real value creation, controlled by the Turtle Treasury Committee (TTC).

Turtle Development: Protocols fees will be utilized to continue to build, develop and accrue value to TURTLE holders based on the mandate set out by TURTLE token holders.

Token Burning Mechanisms: Turtle.club will dedicate a portion of protocol fees towards buying back and burning TURTLE tokens, decreasing supply permanently and potentially boosting value.

TURTLE Staking Rewards: TURTLE staking enables rewards through fee-based issuance, incentivizing sustained token holding and liquidity provision.

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