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TURT (TurtSat) Token Price & Latest Live Chart

2024-01-19 18:57:45

0.01576 USDT

Discover the latest TURT price with FameEX's TURT/USD Price Index and Live Chart. Keep up-to-date with the current market value and 24-hour changes, as well as delve into TurtSat's price history. Start tracking TURT price today!

Daily historical price (USD)
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What is TURT (TurtSat)?

Turtsat stands as a pioneering, community-driven open platform with a central focus on the burgeoning Ordinals ecosystem. Turtsat's mission aligns with the ethos of Gitcoin, aspiring to become a key player in the world of Bitcoin Ordinals and BRC-20. This platform is not just a technological innovation, aiming to democratize the development process within the cryptocurrency domain. By inviting wide-ranging participation, Turtsat opens doors for individuals and groups to actively contribute to, and influence, the evolving landscape of Bitcoin Ordinals and BRC-20 projects.

The vision of Turtsat is twofold. Firstly, it aims to foster a vibrant, collaborative environment where developers and enthusiasts can build and share their projects. Secondly, it seeks to establish a sustainable model of growth and innovation within the Ordinals protocol and the wider Bitcoin ecosystem. This ambitious goal is underpinned by Turtsat's commitment to partnering with leading organizations, ensuring that the platform stays at the forefront of technological and community development.

How does TURT (TurtSat) work?

Turtsat operates through a series of distinct yet interconnected services, each designed to enhance the functionality and accessibility of the Ordinals ecosystem.

・Ordinals Open Source Tool Platform: Turtsat acknowledges the challenges facing developers in the Ordinals space and is dedicated to lowering these barriers. The future development of an open-source tool platform is a strategic step towards empowering developers with the necessary resources to innovate within the Ordinals ecosystem.

・Indexing Service: Recognizing the pivotal role of indexing in the Ordinals ecosystem, Turtsat aims to complement existing services like UniSat by promoting a diverse yet cohesive network of indexing providers. This approach is intended to mitigate conflicts and champion the long-term development of BRC-20 projects.

・Donation Protocol: At the heart of Turtsat's service offerings lies its Donation Protocol. This BRC-20 token issuance protocol sets itself apart by focusing on equitable distribution and reducing gas costs through innovative bundle casting techniques. It addresses network congestion, facilitates efficient token issuance, and ensures the financial viability of projects through early revenue generation.

TURT (TurtSat) market price & tokenomics

TURT token is envisioned as an experimental BRC-20 MEME token, crafted to encapsulate the collective value of BTC and Ordinals. Its goal is to facilitate wider understanding and participation in the Ordinals ecosystem, drawing more attention and resources back to the BTC network. The total supply of TURT is capped at 1 billion tokens. Token distribution is segmented into various categories:

・Community Governance: Public donations are categorized into three tiers: Little Turtle, Active Turtle, and Golden Turtle, each offering different amounts of TURT tokens in exchange for specified donation amounts.

・Private Donation: This segment caters to early supporters, including developers, funders, and ecosystem partners.

・Airdrop: Airdrops are targeted at holders of specific Ordinals assets and active community event participants.

・Future Donations: As the market value of TURT reaches a certain threshold, the community will have the opportunity to vote on donating TURT to support infrastructure projects within the Ordinals ecosystem.

As of now, TURT (TurtSat) is ranked #2297 by CoinMarketCap with market capitalization of $28.78 million USD. The current self-reported circulating supply of TURT coins is 950 million TURT.

Why do you invest in TURT (TurtSat)?

Investing in TURT represents a unique opportunity to be part of a novel and rapidly evolving ecosystem. The platform's focus on community-driven development, combined with its innovative approach to tokenomics and service offerings. However, like any investment in the crypto space, potential investors should conduct thorough research, understand the risks involved, and consider the long-term potential and stability of the project.

Is TURT (TurtSat) a good Investment?

Evaluating TURT as an investment requires a balanced view of its innovative technology, market potential, and the inherent volatility of the crypto market. The platform's strong community focus, coupled with its strategic approach to token distribution and ecosystem development, could position it favorably in the market. Nonetheless, the fluctuating nature of cryptocurrency markets necessitates a cautious and informed approach to investment. Potential investors should weigh the platform's technological strengths against market trends and individual investment goals.

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