TURT（Turtsat）Project Analysis
1. Research Institute Review
The mainstream BRC20 distribution method is through fair mint, and the donation protocol is a new BRC-20 token distribution method. It can significantly reduce the total gas consumption and network congestion. TurtSat's donation protocol is a new BRC-20 token issuance protocol that, compared to the mainstream BRC-20 Mint Function, uses the PSBT transaction system. After users donate, the tokens are locked in escrow, and upon block confirmation, they automatically transfer to the user's wallet, eliminating gas war issues. Currently on the ETH chain: 2553 holding addresses, 238 ETH in the liquidity pool, with a market value of $7.52 million and a 24-hour trading volume of $6.7 million. On the BRC chain: 1675 holding addresses, total trading volume of 120 BTC, and a 24-hour trading volume of 23 BTC. Since November, the price has increased 50 times.
2. Recent Developments
Recently, there has been a surge in BRC20, with this project's valuation on ETH rising from $1.3 million to $7.5 million in a week. The trading volumes on both BRC and ETH chains are active, with many users participating in the platform's new projects. TurtSat, mainly through the donation protocol, provides a new token issuance method for the Ordinals ecosystem, ensuring fairness, reducing gas costs, and generating early income for project teams.
3.Project Introduction
TURT is an experimental BRC-20 MEME token with unique properties. It aims to unite the values of BTC and Ordinals, allowing more individuals to understand and participate in the development of the Ordinals ecosystem, returning to the BTC network. TurtSat will build three core business modules: the donation protocol, indexing services, and the Ordinals open-source tool platform.
4.Token Utility
Participation in platform new projects, community governance.
5.Token Economic Model
80% public sale, 7.5% donation, 7.5% airdrop, 5% future donations.
6.Investment Institutions
None.
7.Community
31,200 Twitter followers, 11,000 Telegram chat group members, 8,262 on Discord. TurtSat's fans mainly come from the United States, India, Japan, the United Kingdom, and Canada.
8.Future Outlook
TurtSat is a project with potential and prospects, leveraging the Ordinals protocol to bring smart contracts and NFT capabilities to the Bitcoin network. TurtSat's community is active, reflecting the project's popularity and influence. The future of TurtSat is to become a leader and innovator in the Ordinals ecosystem, providing more services, tools, cooperation, and support opportunities for Ordinals developers and users. TurtSat also plans to launch more BRC-20 token projects and collaborate with other blockchain platforms.
9. Project Highlights
The mainstream BRC20 distribution method is through fair mint; the donation protocol is a new BRC-20 token distribution method, significantly reducing global gas consumption and network congestion.
10. Special economic model
none
Basic Information
Project Introduction: TURT is an experimental BRC-20 MEME token aiming to unite BTC and Ordinals values. TurtSat has three core modules: donation protocol, indexing services, and Ordinals open-source tool platform.
Token Full Name: Turtsat
Token Name: TURT
Project Website: https://turtsat.io/
Project Documentation: https://medium.com/@Turtsat/turt-introduction-and-next-events-49088a9302c0
Block Explorer: https://etherscan.io/address/0x0800394f6e23dd539929c8b77a3d45c96f76aefc
Liquidity Query: https://etherscan.io/token/0x0800394f6e23dd539929c8b77a3d45c96f76aefc#tokenTrade
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
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CoinW Institute
2023/12/6
TURT（Turtsat）Project Analysis
1. Research Institute Review
The mainstream BRC20 distribution method is through fair mint, and the donation protocol is a new BRC-20 token distribution method. It can significantly reduce the total gas consumption and network congestion. TurtSat's donation protocol is a new BRC-20 token issuance protocol that, compared to the mainstream BRC-20 Mint Function, uses the PSBT transaction system. After users donate, the tokens are locked in escrow, and upon block confirmation, they automatically transfer to the user's wallet, eliminating gas war issues. Currently on the ETH chain: 2553 holding addresses, 238 ETH in the liquidity pool, with a market value of $7.52 million and a 24-hour trading volume of $6.7 million. On the BRC chain: 1675 holding addresses, total trading volume of 120 BTC, and a 24-hour trading volume of 23 BTC. Since November, the price has increased 50 times.
2. Recent Developments
Recently, there has been a surge in BRC20, with this project's valuation on ETH rising from $1.3 million to $7.5 million in a week. The trading volumes on both BRC and ETH chains are active, with many users participating in the platform's new projects. TurtSat, mainly through the donation protocol, provides a new token issuance method for the Ordinals ecosystem, ensuring fairness, reducing gas costs, and generating early income for project teams.
3.Project Introduction
TURT is an experimental BRC-20 MEME token with unique properties. It aims to unite the values of BTC and Ordinals, allowing more individuals to understand and participate in the development of the Ordinals ecosystem, returning to the BTC network. TurtSat will build three core business modules: the donation protocol, indexing services, and the Ordinals open-source tool platform.
4.Token Utility
Participation in platform new projects, community governance.
5.Token Economic Model
80% public sale, 7.5% donation, 7.5% airdrop, 5% future donations.
6.Investment Institutions
None.
7.Community
31,200 Twitter followers, 11,000 Telegram chat group members, 8,262 on Discord. TurtSat's fans mainly come from the United States, India, Japan, the United Kingdom, and Canada.
8.Future Outlook
TurtSat is a project with potential and prospects, leveraging the Ordinals protocol to bring smart contracts and NFT capabilities to the Bitcoin network. TurtSat's community is active, reflecting the project's popularity and influence. The future of TurtSat is to become a leader and innovator in the Ordinals ecosystem, providing more services, tools, cooperation, and support opportunities for Ordinals developers and users. TurtSat also plans to launch more BRC-20 token projects and collaborate with other blockchain platforms.
9. Project Highlights
The mainstream BRC20 distribution method is through fair mint; the donation protocol is a new BRC-20 token distribution method, significantly reducing global gas consumption and network congestion.
10. Special economic model
none
Basic Information
Project Introduction: TURT is an experimental BRC-20 MEME token aiming to unite BTC and Ordinals values. TurtSat has three core modules: donation protocol, indexing services, and Ordinals open-source tool platform.
Token Full Name: Turtsat
Token Name: TURT
Project Website: https://turtsat.io/
Project Documentation: https://medium.com/@Turtsat/turt-introduction-and-next-events-49088a9302c0
Block Explorer: https://etherscan.io/address/0x0800394f6e23dd539929c8b77a3d45c96f76aefc
Liquidity Query: https://etherscan.io/token/0x0800394f6e23dd539929c8b77a3d45c96f76aefc#tokenTrade
Join the CoinW Institute to decipher the world of crypto with no threshold for quality projects!
Btok :https://s65535.com/CoinwExchangeEnglish
TG: https://t.me/CoinwExchangeEnglish
CoinW Institute
2023/12/6