Exploring Turtle (TURTLE): Binance’s Latest Addition to the HODLer Airdrops Portal

Key Points

• Binance announces its 55th project, Turtle (TURTLE), on the HODLer Airdrops portal before listing it.
• Turtle is a liquidity distribution protocol that has achieved several milestones.

Binance has introduced its 55th project, Turtle (TURTLE), on the HODLer Airdrops portal before its official listing.

According to the announcement by the crypto exchange, users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields from October 14 until October 16 are eligible for the airdrop.

About Turtle (TURTLE)

Turtle is a liquidity distribution protocol that aims to enhance rewards across the Web3 ecosystem. As of October 21, the project has achieved several milestones including over $293.8 million in boosted TVL, more than $719 million in campaign TVL, and over 363,600 wallets.

The project also boasts a treasury value of over $12.3 million, total funding of $11.7 million, and is supported by over 150 of the world’s largest onchain liquidity providers. It has routed over $5.5 billion in liquidity to partners.

Turtle aims to build the foundation for onchain liquidity distribution. It connects capital and projects via a transparent and data-driven coordination layer, making liquidity programmable, efficient, and verifiable.

Key Targets and Pillars

The funds from the latest strategic round will be used for the expansion of the Earn infrastructure, team growth, and deeper multi-chain integrations. The funding round was backed by important names in the crypto ecosystem, including key players like Gnosis, AltLayer, 1inch, Polygon, and others.

Turtle’s vision revolves around three core pillars: curated opportunities, consolidated liquidity, and a distributed network. TURTLE, the foundational token for onchain liquidity, is an upgradable ERC-20 token, and will launch on Ethereum, Linea, and BNB Chain.

The total supply of TURTLE will be 1 billion tokens. The distribution includes 31.5% for the ecosystem, 13.9% for the airdrop, 2% for core contributors, 1.6% for advisors, 5% for exchanges and marketing, 20% for the team, and 26% for investors.

TURTLE can be staked for sTURTLE at launch, which allows governance rights, 24h lockup, without cooldown or minimum stake. Binance‘s HODLer Airdrops token rewards will be 10 million TURTLE tokens, representing 1% of the maximum token supply. The exchange will list the token on October 22.

Listing Details

According to Binance’s official announcement, it will list TURTLE on October 22 and will open trading for TURTLE/USDT, TURTLE/USDC, TURTLE/FDUSD, TURTLE/BNB, and TURTLE/TRY pairs.

The token will be listed with the Seed Tag applied, indicating potential high volatility, and will first launch on Binance Alpha, the platform created to showcase early-stage projects with growth potential in Web3. Users can start depositing TURTLE from October 21.