Turbo (TURBO) is an ERC-20 token on the Ethereum blockchain, initially created as a meme coin through a challenge to the AI model GPT-4. It started with a small budget of $69 and has since evolved into a community-driven project. TURBO operates on a decentralized model, with the community playing a key role in decision-making and project development. Its governance model includes both human creativity and AI, where token holders vote on proposals and influence the project's direction.
TURBO is tax-free, meaning there are no transaction fees, which encourages active trading and participation. The total supply is 69 billion tokens, with 60 billion distributed through crowdfunding and 9 billion allocated to the founder. The project emphasizes fairness and transparency, with a fully renounced contract, ensuring no central authority controls it.
Though it offers a unique approach by integrating AI, Turbo remains subject to high market volatility typical of memecoins. Its value depends on market sentiment and community engagement rather than intrinsic utility.
Turbo (TURBO) works as a community-driven project with an AI-powered governance model. The community elects seven volunteers to an "AI Oracle council," which collaborates with the TurboAI Chatbot to gather insights and guide decisions. You participate by holding TURBO tokens, allowing you to vote on proposals and influence the project’s direction. The more tokens you hold, the greater your influence.
TURBO also acts as a platform for artists and creators, allowing them to showcase their work and collaborate. It emphasizes the ethical use of AI to streamline decisions and grow the community. The token has no transaction taxes, promoting trading and interaction within the community.
Turbo (TURBO) was created by digital artist Rhett Mankind in April 2023. The project started as an experiment to see if an AI model, GPT-4, could successfully create a meme coin with a budget of only $69. Rhett followed all of GPT-4's guidelines and documented the process, aiming to showcase the potential of AI in cryptocurrency innovation.
The Turbo token has no formal roadmap or central team; instead, it relies on community-driven decision-making. The total supply of TURBO is 69 billion tokens, with 60 billion distributed through crowdfunding and 9 billion allocated to the founder. The token's smart contract is fully renounced, ensuring decentralization and fairness.
Despite the project's initial setbacks, including a failed liquidity pool on Uniswap, it quickly rebounded through community support and gained traction. Elon Musk's engagement further boosted its popularity. Turbo's roadmap is organic, driven by community input rather than a fixed plan, allowing it to adapt and explore new areas within the crypto market.
Turbo (TURBO) is primarily used within its community-driven ecosystem for various activities, including governance, voting on proposals, and supporting digital art projects. The token allows you to participate in a decentralized model where community members influence the project's direction. Additionally, the token offers tax-free transactions, making it attractive for trading and interaction within its ecosystem.
To trade TURBO on the KuCoin Spot Market, you first need to sign up for a KuCoin account and complete the necessary identity verification. Then, deposit funds into your KuCoin account, either by transferring assets or buying stablecoins like USDT. Once your funds are ready, you can trade TURBO/USDT in the spot market using market orders or limit orders. Before trading, it's essential to conduct your own research (DYOR) to assess potential risks and market conditions.
Turbo (TURBO) has a total supply of 69 billion tokens, with 60 billion distributed through crowdfunding and 9 billion allocated to the founder. It operates as an ERC-20 token on the Ethereum blockchain, ensuring secure and transparent transactions. The token's smart contract is renounced, meaning no central authority can modify it, highlighting its decentralized nature.
TURBO is tax-free, meaning there are no transaction fees when buying, selling, or trading the token, making it more appealing for investors. The token is community-driven, allowing holders to engage in governance and decision-making within the ecosystem. Additionally, TURBO supports various use cases, including being used for digital art initiatives and decentralized applications, fostering an inclusive and innovative environment for its holders.
This unique tokenomics structure emphasizes fairness, decentralization, and community participation, setting it apart from other memecoins.
Period | Change | Change (%) |
---|---|---|
Today | $-0.000538 | -6.47% |
7 Days | $-0.002136 | -21.55% |
30 Days | $-0.001845 | -19.18% |
3 Months | $0.001464 | 23.22% |
Investing in $TURBO token comes with several potential advantages:
1. Tax-Free Transactions: Turbo offers tax-free transactions, making it attractive to traders who want to avoid transaction fees when buying, selling, or trading. This encourages active trading and participation within the community.
2. Decentralized and Community-Driven: Turbo is fully decentralized, with its smart contract renounced to ensure no single entity has control. The project thrives on community engagement, giving token holders the power to influence the ecosystem's direction. This democratic structure fosters inclusivity and creativity.
3. Unique Identity: Turbo stands out as the first memecoin created entirely by artificial intelligence (GPT-4). Its AI-driven inception has drawn attention to its unique approach, prioritizing simplicity, fairness, and community involvement.
4. Growing Ecosystem: Turbo has seen rapid market growth since its launch and is actively expanding into various platforms, such as digital art markets and gaming platforms. This diversified use case adds to its potential value and appeal in the long term.
5. Potential for Price Appreciation: Based on price predictions, Turbo has shown significant potential for future growth. Short-term forecasts predict a surge in value, while long-term projections suggest promising price appreciation, though investing in cryptocurrencies always involves risks due to market volatility.
It's important to conduct thorough research (DYOR) and assess your risk tolerance before investing in Turbo or any other cryptocurrency.
The TURBO price prediction is influenced by several key factors:
1. Market Sentiment: As a meme token, TURBO is highly influenced by market sentiment and trends. Positive engagement, community enthusiasm, and social media activity can drive the $TURBO price up. Similarly, negative market sentiment can lead to TURBO to USD price drops.
2. Bitcoin and Crypto Market Trends: Like many cryptocurrencies, the TURBO coin price is correlated with the broader crypto market, particularly Bitcoin. When Bitcoin experiences price changes, it often impacts the prices of meme tokens like TURBO.
3. Community Engagement: Turbo's decentralized, community-driven model means that its growth and value depend heavily on community participation. Active governance, voting on proposals, and community involvement in decision-making can positively impact the TURBO token price.
4. Exchange Listings: The token's presence on multiple exchanges increases its accessibility and trading volume. Listing on major exchanges like Binance can boost visibility and trading activity, potentially affecting the TURBO coin price.
5. Partnerships and Development: Collaborations with other projects, such as Turbo's partnership with Motorverse, can enhance its utility and value. The creation of new use cases, especially within decentralized finance (DeFi), can drive adoption and increase the token's demand.
6. Macroeconomic Factors: Market volatility and investor sentiment can also affect TURBO's price. Changes in global economic conditions can lead to shifts in investment strategies within the crypto market.
7. Technical Indicators: Moving averages and technical analysis provide insights into price trends. For example, the 50-day and 200-day Simple Moving Averages (SMAs) are commonly used to gauge medium- and long-term trends in TURBO's price.
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