Turtles
About Turtles
Why Turtles?
- Access to purchase fractionalised angel and pre-IDO rounds on chain
- Stake $VC and get rewards in USDC (20+ Holders access only, but for a limited time all holders may access)
- Tiered ownership system allowing holders to create revenue streams
The Turtles NFT project exists to encourage Solana ecosystem adoption and growth through angel investments.
The Turtle Venture platform allows regular NFT degens to purchase fractional pieces of these investments on chain.
The roadmap includes a complete multi chain solution for venture funding rounds and raises built on Solana.
Note – There are two Collections
- Turtles Classic (art only, no use case or access)
- Turtles (original collection 3333 recently expanded to 10k, for research purposes I will be using most recent mint price)
What holder benefits are there?
- Stake your Turtles to earn $VC or your choice of $VC Deal Tokens available (Note it costs 20 x $VC to initialise staking)
- Access to Turtle Ventures Platform
- Stake your $VC to earn USDC (20+ Holders only, for now all holders have access for a limited time)
Turtles work on a tiered staking system where emissions are dependent on how long you have chosen for lockup.
Note only Revealed Turtles can stake for $VC, the cost to reveal is 200$VC
- No Lockup: 1 $VC/Day
- 3 month Lockup: 1.03 $VC/Day
- 6 Month Lockup: 1.09 $VC/Day
- 12 Month Lockup: 1.18/Day
$VC can be staked and earn USDC rewards each day, sold on the secondary market or used to unlock deals in the Turtle Venture Platform.
Ownership Tiers
Turtle owners will receive benefits based on a tiered ownership structure. Each staked Turtle counts toward advancement to the next tier.
Tiered Benefits
- Timed unlock. Turtle holders receive early access to deals, as well as the ability to add wallets earlier for whitelist.
- Discounted deal token purchase price. The more Turtle NFTs staked, the higher the deal token discount
- More whitelist spots. NFT holders may add more wallets to whitelist spots, and accrue more rewards.
- Boosted whitelist reward payouts. NFT holders will receive larger rewards payouts based on the number of NFTs staked
USDC Staking Rewards
There is no limit as to the number of $VC tokens you may stake. Rewards are determined by your percentage of tokens staked relative to all stakers. USDC Rewards are updated and may be claimed at any time.
Staking rewards are generated from
- Fees generated from the Staking and Ventures platforms
- Fees generated from stablecoin liquidity provision
- Fees generated from $VC Token liquidity provision
- Fees generated from AMM NFT Liquidity provision
- Liquidity events from the Turtles Ventures Portfolio of companies
Turtle Venture Platform
Turtle Ventures is the investment arm of the Turtles NFT project, and operates as a VC within the Solana ecosystem. Holders have access to on chain fractionalised angel, pre-IDO and strategic investor rounds. Rounds have included Tensor, Frakt, SolCasino and even Taiyo Robotics.
Deals are unlocked using the $VC token in a tiered system where those at the higher tiers have preferential access and the best prices.
Note: $TRTLS token has been changed to $VC
- Turtle Ventures Wallet is the top tier controlled by the project. They have the option to sell the fractionalised allocation to 10 x Lower Tier Members with 75+ Turtles
- 75+ Turtle Holders have the option to sell fractional allocation to 10x Lower Tier Members with 10+ Turtles
- 10+ Turtle Holders have the option to sell fractional allocation to 10x Lower Tier Members with 1+ Turtles
- 1+ Turtle Holders have the option to purchase fractional allocation from. 10+ Holders
Higher tiers get access to reduced prices for fractionalised allocations.
Each deal with cost 1000 $VC to unlock.
To be clear these fractionalised tokens are more of a long term investment. Yes they can be sold on Famous Fox Token market but there is low volume as most investors will wait for a liquidity event. This event in short, will be defined by the project and allow your tokens to be exchanged for USDC.
How does the project make revenue?
The Turtles make revenue from investing the Treasury into
- Defi Protocols
- Liquidity Pools
- NFT Lending
70% of profits go back to holders
20% of Profits goes to operating expenses
10% of Profits go back to Treasury
TheDripp.io
This is the merch site for Turtles. The platform is built on WooCommerce using SolanaPay interface which allows payment in SPL Tokens.
Garments are designed and manufactured in Turkey using ethical, top quality artisans personally supervised by the team on the ground.
In short you can buy quality merch using $VC and get FREE worldwide shipping.
| Team Members | Role |
|---|
CEO – Noto
https://twitter.com/notonft
20 year career in tech entrepreneurship and venture capital
Artist – HelloStarlight
https://twitter.com/HelloStarlight0
Turtles artist and degen
Head of Community – Jeanne
https://twitter.com/djeanne6926
Customer Support and activation
Blockchain Dev – Kano
https://twitter.com/kkanoee
Full stack development and platform management
Treasury management – Pancakeface
https://twitter.com/ngmi_in_crypto
Investment banking and algorithmic trading strategies
External Marketing and Partnerships – Blockchainpan
https://twitter.com/blockchainpan
Digital marketing and brand building
Front end Development – Frontman
https://twitter.com/txeFrontMan
15 years experience in software front end development
Turtles have been a significant presence in the Solana space. Despite some negative publicity on social media, they have managed to address and rectify recent issues, demonstrating a responsible approach to their mistakes.
Now, there are individuals who are highly optimistic about Turtles and their potential for venture capital (VC) investments and passive income opportunities. Two interesting opportunities that have garnered my attention are Tensor marketplace and NFT Inspect. What makes these opportunities stand out is that they were typically accessible only to exclusive high-tier groups but are now available on the Turtles platform, opening doors for everyday investors. While some projects may require significant financial investment, the platform does offer a chance for the average investor to participate, even if it’s a smaller percentage of a quality investment.
One interesting aspect of Turtles is how they use treasury funds to invest in various DeFi protocols, lending, and liquidity pools, thereby contributing to the development of the space and generating fees. However, this approach does come with inherent risks, as the funds are subject to market movements and require continuous monitoring.
Turtles also offer an unexpected feature by allowing the use of their $VC token to purchase merchandise. Though the demand for merch in the crypto space may not be significant, offering free worldwide shipping is a thoughtful gesture that benefits token holders.
Final Thoughts
Turtles differ from the average Solana project in their approach to marketing and attracting investors. They do not aggressively promote their project on social media to inflate floor prices temporarily, as some projects tend to do. Instead, Turtles seem to appeal to a more mature investor base interested in both passive income opportunities and VC deals.
Overall, Turtles present a unique platform that allows average investors to access quality projects, venture capital opportunities, and passive income streams, making it an attractive option for those seeking a balanced investment approach in the Solana ecosystem.