Name : Turdoshi
Ticker: TURDS
Initial Supply: 1 000 000 000
Site: turdoshi.com
Initial Burn: 150-200 000 000
- This initial burn is the result of a successful listing on an exchange, at which point the total circulating supply will decrease
- After the “Initial Burn” Turdoshi will continue to be burnt each month until it has hit a community agreed upon supply, at which time Turdoshi liquidity rewards will be continually cycled back to holders of Turdoshi.
Developer Supply: 42 000 000
As stated in the whitepaper, the developers of Turdoshi will be purchasing their own supply upon launch. Of the 42 million tokens purchased by the developers, they will be distributed as followed:
- 10 000 000 will be allocated to the treasury wallet to receive rewards from providing liquidity.
- 10 000 000 will be used for paying moderators and administrators on our socials
- 20 000 000 will be used to pay the developers of Turdoshi, as well as for the development of all future projects and products for the Turdoshi ecosystem.
- 1 000 000 will be up for grabs as rewards through a marketing competition for the Turdoshi community
- 1 000 000 will be used as a future airdrop to Turdoshi holders
- The rest of the supply of Turdoshi is for the community!
As the developers, we are keeping only 4.2 percent of the initial supply. In fact, only 2 percent of supply is actually going to the developers when you factor in the treasury wallet, the marketing competition, airdrop and payments to community leaders. We are devoted to Turdoshi being run by the community. The developers are not here to get rich, we just want all of the Turdoshi community to succeed. As previously stated in our White Paper, to rise above the rest.
Liquidity Provider Rewards:
As we have chosen to first launch on Meteora, we will (we the community, not we the developers) be locking up our liquidity tokens indefinitely. As a result of this, the treasury wallet will consistently earn rewards for providing said liquidity. These rewards will be used to buy back Turdoshi in order to continuously burn the supply, overtime increasing the value of Turdoshi. Rewards will also be used for buying back Turdoshi to airdrop back to holders of Turdoshi, as well as funding the various projects for the ecosystem of Turdoshi. The allocation of rewards is as follows:
- 50% of Turdoshi purchased back will be burned at the end of every month. We will do this live on our discord on the last day of every month.
- 30% will be airdropped back to Turdoshi holders either on a monthly, quarterly or annual basis (to be determined by the community)
- 20% will be added to the treasury wallet to fund future projects associated with the Turdoshi ecosystem.