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Tortle Tokens
Tortle Ninja aims to protect its holders as effectively as a turtle shell and to secure early adopters from issues such as dumping, inflation, and other common yet overlooked problems.
All of the content in this section is still a draft. Please check back frequently for the final version.
Ticker: TORTLE
Contract Address: TBD
Chain: Fantom Opera.
Max Cap: 32,000,000 TORTLE
The token allocation will be as follows:
- 5,401,600 tokens (16.88%) for the team, with a 24-month vesting period.
- 2,502,400 tokens for partnerships and ecosystem collaboration (P1 and P2).
- 748,800 tokens for the IDO/public round.
- 1,600,000 tokens for advisors, with a 24-month vesting period.
- 10,000,000 tokens will be distributed among platform users based on the conversion rate.
- 7,600,000 tokens for growth and LP rewards.
- 601,600 tokens for liquidity pools.
- 1,795,200 tokens for marketing and legal.
Tortle Ninja is a sophisticated Dapp, and some services are exclusive to the platform. Its economic model is based on platform fees and redistributing all value created from the token and also within our community. Every operation has a 1.5% platform fee, and it is split this way:
- 0.5% will be allocated to Tortle Dojos as a reward for users who stake Tortle tokens on the Relief Fund.
- 0.7% will be returned to the Tortle Treasury, primarily to reduce inflation.
- 0.3% will go to the Dev Fund, and this will be used to expand the team and finance the project long-term.
The Tortle Ninja Team is fully transparent with its fees. You can see them simply by watching your transactions on FTMScan.
Our aim is to create a deflationary model that provides the best possible rewards to token holders and the community, ensuring the project is sustainable in the long term.
The Tortle Token serves as a utility where users can automatically buy $TORTLEs on the market and send them to the treasury with each transaction.
Tortle offers staking services called Tortle Dojos. The Tortle Dojo allows users to stake Tortle Tokens in exchange for rewards. The funds staked are sent to the Relief Fund, adding liquidity and increasing Tortle quantity.
Hanzo's Dojo rewards holders of the Tortle tokens with platform fees, a great APY, and a special surprise: a unique completion NFT. Hanzo's Dojo will have a maximum cap of 2.5 million Tortle Tokens.
To reward our users, they are given 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 that give as much as 150% APY over 12 months.
- 2 NFTs, one when you start farming and another at the end of the staking period.
Hanzo's Dojo consists of 3 tiers:
The Black Belt Tier: 🥋 This tier locks up Tortle Tokens for 12 months and will share between its participants 17.5% of all the platform fees during that period, as well as a minimum of 150% APY on Tortle Tokens. The Black Belt tier has a maximum cap of 500,000 TORTLEs and stops accepting more users once that limit is reached. The platform fees will be rewarded monthly, and the principal and APYs will be shared at the end of the period. Users can unstake their tokens at any moment, but they lose any rewards and the possibility of entering the Black Belt Tier again. Also, when the period ends, all users will receive their completion NFT which allows them to access our best staking offerings. Participants of the Tortle IDO will be given priority in accessing this DOJO.
The Green Belt Tier: This tier locks up Tortle Tokens for 6 months and will share between its participants 10% of all the platform fees during that period, as well as 100% APY on Tortle Tokens. The Green Belt tier has a maximum cap of 750,000.00 TORTLEs and stops accepting more users when it is reached. The platform fees will be rewarded monthly, and the principal will be shared at the end of the period. Users can unstake their tokens at any moment, but they lose any rewards. Once the 6 months are finished, all users will receive their completion NFT which allows them to access the Black Belt Tier.
The Yellow Belt Tier: This tier will lock Tortle Tokens for 3 months and will share between its participants 5.5% of all the platform fees during that period and 25% APY on Tortle Tokens. The Yellow Belt tier has a maximum cap of 1,250,000.00 TORTLEs and stops accepting more users once that limit is reached. The platform fees will be rewarded monthly, and the principal will be shared at the end of the period. Users can unstake their tokens at any moment, but they lose any rewards.
The 3 Dojos will be opened after TGE, but as soon as they reach their max cap, you can only access the higher tiers if you complete the lower tiers. In this case, the Black Belt tier will only be available to users who hold on to their completion NFT from the Green Belt tier, and the Green Belt tier will only be available to those who have completed the Yellow Belt tier.
Completion NFTs are tradeable.
More dojos will be available once we have reached the maximum insured quantity. When 75% of our relief fund has been utilized to cover our users, the new dojos will be available to buy. Our dojos have a minimum APR and a maturation period. The APR will be paid at the end of the maturation period.
Tortle Dojos work in a similar way to LP Tokens, and you can even redeem them before the maturation period with a discount.
In case of a catastrophic event, Tortle Dojo stakers/investors will lose a part of their principal to insured users.
Allocation: 748,800 TORTLES
Launch: TBD
Platform to launch: TBD
- 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.
For emissions, Tortle uses a new kind of token that works like a Bond. We call them Tortle Eggs or TEGG. This emission will boost all farming yields on Tortle Ninja. So, the more you farm, the more Tortle Eggs you get.
The number of Tortle Eggs you receive as emissions is ruled by this formula:
TEGG received= 0.1% of recipe principal+ 1% of earnings of the recipe.
Basically, the more you earn, the more TEGGs you receive. The TEGG value is pegged to the TORTLE value at its emission, but it can't be traded for a full Tortle just yet. It needs to "hatch," and that is explained in the next section.
Tortle Eggs are minted every time you use Tortle. Once minted, they have a 12-month maturation period. After this, they "hatch" and can be converted into Tortle Tokens on any DEX. In case you want to sell them before maturation, Tortle will create a mini DEX that will buy them at a discount, changing them to Tortle and burning them. Discounts go from 99.9% on the day of minting to 49% when they're moments before hatching.
There is a limit on TEGGs minted. In the first 12 months, the maximum TEGGs minted will be 880.000,00. In case that quantity is surpassed within the first 12 months, we will announce further emissions.
TEGGs are just normal ERC-20 tokens and will be sent to the user's wallet.
Last modified 1mo ago