TURTLETurtle (TURTLE) Price

1. Project introduction

Turtle is the first liquidity distribution protocol that monetizes Web3 activity by tracking wallet behaviors such as liquidity deployment, swaps, staking, and referrals. It enables distribution partners to generate revenue without extra risk or steps for users. The platform offers exclusive liquidity deals, sustainable growth, aligned incentives among DeFi stakeholders, collective due diligence, and self-custody. Supporting multiple blockchains like Ethereum and Arbitrum, Turtle has routed over $5.5 billion in liquidity and rapidly grown to 360,000+ connected wallets since its 2024 launch. Its vision is to be a foundational liquidity layer connecting providers, developers, investors, and auditors.

2. Team introduction

James Duncan - Product Lead at Turtle

James Duncan is the Head of Product at Turtle Club, and was previously Head of Product at SZNs and co-founder of Abridged. Prior to that, he was the Manager of Funding Ecology at EtherNet, where he operated and made decisions on the multi-million dollar Wave R&D Fund funded by the EtherNet Foundation, including administration and coordination. James Duncan is a graduate of Harvard University.

3. Investment institution

The latest funding round drew support from a wide range of institutional investors and angels, including: Follow-on: Bitscale VC, Theia, Trident Digital. Institutional Investors: SNZ HOLDING, GSR, FalconX, Anchorage VC, Fasanara Capital, NRD, Tower 18 Capital, Varys Capital, Relayer, Coinix, Flowdesk, Wise3, JPEG, Reflexive, Amber, Gami Capital, Wise3 Ventures, and others. Founders from Polygon, 1inch, Gnosis, and Altlayer. Angel investors from ECHO, Spartan, Hypernest, Sky9, Selini, Figment Capital, Binance, and others.

4. Token application and distribution

Token application:

The $TURTLE token is used to pay protocol fees, enable liquidity programs, and distribute staking rewards. It grants governance rights in the upcoming Turtle DAO. Staking $TURTLE yields sTURTLE tokens with governance voting and delegation capabilities, featuring a 24-hour lockup, no cooldown, and no minimum stake.

Token distribution:

• Ecosystem - 31.5%
• Airdrop - 13.9%
• Core Contributors - 2%
• Advisors -1.6% 
• Exchange & Marketing - 5% 
• Team - 20%
• Investors - 26%