Tokenomics V2

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.

Ticker: $TORTLE

Contract Address: TBD

Chain: Arbitrum One, Fantom Opera Network

Infrastructure: LayerZero infrastructure.

Max Cap: 32,000,000 $TORTLE

Tortle Token Utility

The Tortle token is at the center of the entire dapp, gaining value as the user base grows and rewarding holders. To achieve this, a platform fee of 0.5% applies to every operation conducted on Tortle. This operation does not consume gas, as it is bundled with the rest of the initial transactions. These fees are distributed as follows:

• 0.2% of every transaction buys Tortle from the market and sends it to a burn address.

• 0.2% goes to Tortle Restakers.

• 0.1% is directed towards the Dev Fund, supporting team expansion and ensuring long-term project funding.

• Additionally, 0.5% of the profits of any operation goes to our Gas Payer, to pay for platform fees. As Tortle pays for gas for most of the operations, we need a wallet to be refueled.

The Tortle Ninja Team is fully committed to transparency regarding fees. Users can easily track and verify the fees associated with their transactions by reviewing the details on any blockchain scanner, ensuring clear visibility into the fee structure implemented by the platform.

The Tortle token plays a central role in the entire DApp ecosystem, increasing in value as the user base expands and rewarding holders. To support this dynamic, a platform fee of 0.5% is applied to every operation conducted on Tortle Ninja. It's important to note that this operation doesn't consume gas since it's included with the rest of the initial transactions. The distribution of these fees is as follows:

• 0.2% of every transaction is utilized to buy Tortle from the market, and the acquired tokens are sent to a burn address.

• 0.2% is allocated to Tortle Restakers, contributing to their rewards and incentivizing their participation.

• 0.1% is directed towards the Dev Fund, which supports the expansion of the team and ensures sustainable funding for the long-term success of the project.

Additionally, 0.5% of the profits from any operation are allocated to our Gas Payer, responsible for covering platform fees. Since Tortle takes care of gas expenses for most operations, we need a wallet to be refueled for this purpose.

The Tortle Ninja Team places utmost importance on transparency when it comes to fees. Users have the ability to easily track and verify the fees associated with their transactions by reviewing the details on any blockchain scanner. This commitment ensures clear visibility into the fee structure implemented by the platform, instilling confidence and trust in our community.

We set out with the goal of establishing a deflationary model that places utmost importance on rewarding token holders and the broader community, guaranteeing the long-term sustainability of the project.

Tortle Token plays a crucial role as a utility within our ecosystem. With every recipe executed, users automatically purchase Tortle Tokens from the market and then burn them. This ingenious mechanism fosters the deflation of the asset, ultimately benefiting token holders over time.