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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
- 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.
Tortle Ninja 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 0.5% of every operation, which will be shared like this:
- 0,5% (33% of all fees) will be for Tortle Dojos, to reward users 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.
Tortle Ninja Team is fully transparent with fees, you can see them just by watching your transactions on FTMScan.
What we tried to create is a deflationary model that rewards token holders and the community in the best way possible, making the project a sustainable, long-term initiative.
Tortle Token is basically a utility, as with every recipe a user automatically buys Tortles on the market and sends them to the Treasury.
Tortle has staking offerings, what we call Tortle Dojos, Tortle Dojos allow users to stake Tortle Tokens in exchange for rewards, the funds staked go to add liquidity to the Relief Fund, making Tortle able to cover more quantity
Hanzo's Dojo will reward 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 max cap of 2,5M Tortle Tokens.
To reward our users, we 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 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% of APY on Tortle Tokens over that period. The Black Belt tier will have a maximum cap of 500,000 TORTLES and will not accept new 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. 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 the 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 the 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 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 a 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.
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 will use a new kind of token that works like a Bond, we call them Tortle Eggs TEGG. This emission will boost all farming yields on Tortle Ninja, the more you farm the more Tortle Eggs you will win.
How to earn more Tortles, the number of Tokens you receive as emissions is ruled by this formula:
TEGG received= 0.1% of recipe principal+ 1% of earnings of the recipe.
So the more you earn the more TEGGs you receive. The TEGG value is pegged to the TORTLE value at its emission, but can't be traded by a full Tortle till it hatches.
Tortle Eggs are minted every time you use Tortle, once minted they have a 12 months maturation period, after these 12 months they 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 discount, changing them for Tortle and burning them. Discounts go from 99.9% on the day of minting to 49% moments before hatching.
There is a limit on TEGGS minted, in the first 12 months the maximum TEGGs minted will be 880.000,00 TEGGs, in case that quantity is surpassed in 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