#trutle
trutle
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#trutle Binance will launch the new token TURTLE at 10 PM tonight. This is a Web3 liquidity distribution protocol, which aims to incentivize users to provide liquidity.
The total token supply is 1 billion, with an initial circulation of 15.47%, pre-market price of 0.26, corresponding to an FDV of 260 million.
Token distribution:
Ecosystem: 31.5%
Airdrop: 13.9% (fully unlocked at TGE)
Core contributions: 2%
Advisors: 1.6%
Exchange marketing: 5% (fully unlocked at TGE)
Team: 20%
Institutions: 26%
Total financing amount is 11.7 million, with an institutional holding cost of approximately 0.045, corresponding to an FDV of 45 million.
Airdrop rules: Small amounts are issued directly, while large amounts will only unlock 70%, with the remaining 30% released over 12 weeks. If one gives up waiting, the remaining portion will be directly burned. The actual selling pressure at TGE is expected to be around 9.7%.
TVL is currently 77 million USD, with a historical high of 370 million. At the current valuation, around 0.5 is already a reasonable upper limit. It is not recommended to short immediately, as the timing of the airdrop has not yet been determined.
Let’s observe for now.
The total token supply is 1 billion, with an initial circulation of 15.47%, pre-market price of 0.26, corresponding to an FDV of 260 million.
Token distribution:
Ecosystem: 31.5%
Airdrop: 13.9% (fully unlocked at TGE)
Core contributions: 2%
Advisors: 1.6%
Exchange marketing: 5% (fully unlocked at TGE)
Team: 20%
Institutions: 26%
Total financing amount is 11.7 million, with an institutional holding cost of approximately 0.045, corresponding to an FDV of 45 million.
Airdrop rules: Small amounts are issued directly, while large amounts will only unlock 70%, with the remaining 30% released over 12 weeks. If one gives up waiting, the remaining portion will be directly burned. The actual selling pressure at TGE is expected to be around 9.7%.
TVL is currently 77 million USD, with a historical high of 370 million. At the current valuation, around 0.5 is already a reasonable upper limit. It is not recommended to short immediately, as the timing of the airdrop has not yet been determined.
Let’s observe for now.
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