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Tortle Tokens
Tortle Ninja aims to protect the holders as hard as the turtle shell and secure the early adopters from dumping, inflation, and any other common and overlooked issue.
All this section is still a draft, check often for the final version
Ticker: TORTLE
Contract Address: TBD
Chain: Fantom Opera.
Max Cap: 32,000,000 TORTLE

Token Allocation

  • 5,401,600 Tokens for the team (16,88%) With a 24 month Vesting period.
  • 2,502,400 for Partnerships and Ecosystem collaboration (P1 and P2).
  • 748.800 For IDO/Public Round.
  • 1,600,000 for advisors. With a 24 month Vesting period.
  • 10,000,000 Tokens will be distributed over platform users (see conversion rate).
  • 7,600,000 for Growth and LP rewards.
  • 601,600 for liquidity pools.
  • 1,795,200 for marketing and legal.

USES of TORTLE

Tortle is a sophisticated Dapp and some services inside of the platform can only be used by using Tortle. The core of the economic model on Tortle is based on platform fees, and how to revert all value created on the token and on our community. The platform fee will be 1,5% of every operation, which will be shared like this:
  • 0,5% (33% of all fees) will be for Tortle Dojos, to reward user staking Tortle on the Relief Fund.
  • 0,7% will be back at Tortle Treasury, mainly used to reduce inflation.
  • 0,3% will be to Dev Fund, to expand the team and fund the project long term.
What we tried to create is an deflationary model that rewards token holders and the community in the best way possible, making the project a sustainable, long-term initiative.

Platform Fees

Every transaction on Tortle pays some fees, and these are paid on Tortle Tokens. About 0,7% of assets inflow on the platform will be converted to Tortles on the market and sent back to the Tortle Treasury. Users don't really have to buy Tortles before, Tortle will do it automatically when a transaction starts.

Tortle Dojos

Tortle has staking offerings, what we call Tortle Dojos, Tortle Dojos allow users to stake Tortle Tokens in exchange for rewards, the funds staked goes to add liquidity to the Relief Fund, making Tortle able to cover more quantity

Hanzo's Dojo🥋

Hanzo's Dojo will reward holders of the Tortle Tokens with platforms fees, a great APY, and a special surprise, a unique completion NFT. Hanzo´s Dojo will have a max cap of 2,5M Tortle Tokens.
To reward our users will give them 4 streams of revenue:
  • 33% of all platform fees during the first 12 months.
  • 50% of all the Relief Fund fees generated over the period.
  • Rewards on Tortle Tokens to give up to 150% APY over the 12 months.
  • 2 NFTs, one when you start farming and the other one at the end of the staking period.
Hanzo's Dojo will consist of 3 Tiers, with a max cap of 2,5M Tortle Tokens.
The Black Belt Tier:🥋This tier will lock Tortle Tokens for 12 months, and will share between its participants 17,5% of all the platform fees during the 12 months and a minimum 150% of APY on Tortle Tokens over that period. The Black Belt tier will have a max cap of 500,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal and APYs will be shared at the end of the period. A user can unstake tokens at any moment, losing the reward (and also the possibility to enter the black belt tier again directly). At the end of the period, all users will receive their completion NFT, a completion NFT on black belt tier will allow users to access our best staking offerings. Participants on the Tortle IDO will have a preference to access this DOJO
The Green Belt Tier: This tier will lock Tortle Tokens for 6 months, and will share between its participants 10% of all the platform fees during the 6 months and 100% of APY on Tortle Tokens. The Green Belt tier will have a max cap of 750,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal will be shared at the end of the period. A user can unstake tokens at any moment, losing the reward. At the end of the period, all users will receive their completion NTF, a completion NFT on Green Belt tier will allow users to access our Black Belt Tier
The Yellow Belt Tier: This tier will lock Tortle Tokens for 3 months, and will share between its participants the 5,5% of all the platform fees during the 3 months and 25% of APY on Tortle Tokens. The Green Belt tier will have a max cap of 1,250,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal will be shared at the end of the period. A user can unstake tokens at any moment, losing the reward.
The 3 Dojos will be opened after TGE, but as soon as they reach their max cap you can only access the biggest tiers if you have the NFTs of completing the lower level, so the Black Belt tier will be only available to users who hold on their wallet the Completion NFT of the Green Belt, and Green to only the ones that had completed the Yellow one.
Completion NFTs are tradeable.
More DOJOS will be available every time the max insured quantity is in use. When we got a 75% of our relief fund already in use covering our users, new dojos will be created and will be available to buy. Our Dojos return a minimum APR and have maturation period. The APR will be paid at the end of the maturation period.
Tortle dojos work in a similar way to LP Token, and you can even redeem it before the maturation period with a discount.
In case there is a catastrophic event, Tortle Dojo stakers investors will lose a part of their principal to the insured users.

Relief Fund

When a user wants insurance on his recipes he can use our Tortle Relief Fund feature, when a recipe is reviewed an insurance fee is proposed, if the user accepts we automatically buy these Tortle Tokens on the market and send it to Relief Fund.

Relief Fund Catbonds

Another product you can only buy with Tortle is our Catbonds.

Governance

All token holders will be able to have a say in the future direction of the project via voting on proposals. The goal is that in the long run, users of TORTLE can choose the new features to implement, change policies...
Decisions include setting fees, reducing incentives, defining burn policies, and adopting new features.

How to Earn Tortle

At the end of every combo, we will distribute some TORTLE for every 1 FTM earned on fees and send it to the combo owner. To impulse the deflationary nature of the Token the total TORTLE created decreases over time, so early adopters get a much better bonus.

Conversion rate:

First 10.000
2.33 TORTLE/1FTM
from 10.000 to 50.000
1.44 TORTLE/1FTM
50.000 to 100.000
0.89 TORTLE/1FTM
100.000 to 250.000
0.55 TORTLE/1FTM
250.000 to 500.000
0.34 TORTLE/1FTM
500.000 to 1M
0.21
1M to 2M
0.13
2M to 5M
0.8
5M to 7,5M
0.5
7,5M to 10M
0.3
Beyond 10M
0

Presale/IDO:

Allocation: 748,800 TORTLES
Launch: TBD
Platform to launch: TBD

Presale Details:

  • Presale will distribute a maximum of 748,800 TORTLEs
  • Presale/IDO will be run on an IDO platform to be disclosed.
  • It must return 1 TORTLE for each $0,65 invested.
  • Unsold tokens will be burned.
Last modified 2mo ago