TURTLE (Turtle) falls 19.77% in 24 hours

Gate News Bot news, October 28, according to CoinMarketCap, as of the time of writing, TURTLE is currently priced at 0.16 USD, having fallen by 19.77% in the last 24 hours, with a high of 0.30 USD and a low of 0.15 USD. The current market capitalization is approximately 243,000 USD, a decrease of about 5,989,200 USD from yesterday.

Turtle is a liquidity allocation protocol designed to provide enhanced rewards for Web3. The protocol offers institutional-grade liquidity, trading flows, and due diligence, aiming to adjust incentive mechanisms across the entire Web3 ecosystem. Turtle allows partner protocols to submit enhanced opportunities and track TVL, wallet activity, and liquidity costs in real-time. Liquidity providers can deposit assets and earn returns from native yield activities and rewards from emerging ecosystems. The platform also features a function called “Turtle Earn” that allows distribution partners to share specific transactions and treasuries with their audience, thereby creating revenue streams for their businesses.

Recent important news about TURTLE:

1️⃣ Gate launches TURTLE high-yield fixed-term financial product Gate Yu Bi Bao has launched the TURTLE 7-day fixed investment product, with an annualized yield of up to 150% and a total quota of 8.6 million TURTLE. This high-yield product is expected to attract investor attention and may drive an increase in short-term demand for TURTLE.

2️⃣ TURTLE Token Economic Model Determined The Turtle project has established a token economic model, with a total issuance of 1 billion TURTLE tokens. All TURTLE points in pre-market OTC trades will be exchanged for TURTLE tokens at a 1:1 ratio, keeping the total order amount unchanged. This decision provides early participants with clear value assurance and helps stabilize market confidence.

3️⃣ Gate global premiere launch of TURTLE trading Gate will launch the TURTLE/USDT trading pair on October 22 at 23:00 1928374656574839201 UTC+8. As the first mainstream trading platform to list TURTLE, Gate's support may enhance TURTLE's liquidity and market attention.

The initial circulation of the TURTLE token is 15.47% of the total supply, while 1% is reserved for HODLer airdrops. This distribution method may limit the supply pressure on the token in the short term. However, the significant fall in the price of TURTLE may be related to discrepancies in market valuation or investors' cautious attitude towards the project's prospects.

This message is not intended as investment advice; investors should be aware of market volatility risks.