$TURTLE
At 9 PM, go on alpha, and at 11 PM, go on a dragon. This is a web3 liquidity distribution protocol that distributes profits and incentives to those who provide liquidity.
The total token supply is 1 billion, with an initial circulation of 15.47%, pre-market 0.26, corresponding FDV 260 million.
Token allocation (circulating part unknown):
Ecosystem: 31.5% (partially circulating)
Airdrop: 13.9% (fully unlocked at TGE)
Core Contribution: 2%
Advisors: 1.6%
Exchanges and Marketing: 5% (fully unlocked at TGE)
Team: 20%
Institutions: 26%
For financing, the first round is 6.2 million, the second round is 5.5 million, totaling 11.7 million, with 26% allocated to institutions, an average single token cost of 0.045, corresponding to FDV 45 million.
Regarding the airdrop, you can see the image below. Small airdrops are given directly below 1700 tokens, and for amounts greater than 1700 tokens, only 70% is unlocked, with the remaining released in cycles, 10% every four weeks. To receive the remaining 30%, you have to wait 12 weeks. (Here's a point to note: if you claim 70% of a large amount, the remaining 30% will be directly burned and not given, which forces you to wait, unless you give up.)
So, there is a certain degree of game theory in the airdrop, but in my view, many who farm tokens are unlikely to wait, who knows how the price will be later. So we can just look at the TGE 70%, which is a 9.7% dump. Additionally, there are exchanges' marketing for alpha, booster, and holder types, and basically all the unlocked ones in this round can be sold. But don’t rush to short, as the airdrop distribution time hasn't been announced yet.
As for the TVL data, it is currently 77 million, with a historical high of 370 million, overall it looks like a relatively average project based on the data. Considering the current value, normally it should be around 0.5.