Tortle Ninja is a #nocode #DeFi tool built to enable crypto investors to create combined DeFi strategies.Website https://tortle.ninjaDocs & Whitepaper https://docs.tortle.ninja Telegram Channel
https://t.me/tortleninjaTGMedium
https://medium.com/@tortle-ninjaDeFi Landscape is an everchanging scenario with lots of new solutions, projects, and brilliant (and not so brilliant) ideas, but some problems remain unsolved, one of them is how to deal with increasing complexity, new tools, new financial products, and the asymmetry this creates between so-called whales and regular users. Whales have access to programming tools, bots, and developers that give them a technical advantage. Well, Tortle is designed to disrupt this 😏.
Tortle Ninja is a no-code DeFi Framework, which allows the creation and trigger of combined operations, Tortle Combo recipes, allowing users to create complex operations in a simple way. Tortle enables you to save these operations and re-use them in the future, making possible the creation of easy-to-use DeFi strategies and products, like our Bitcoin Savings Account.
Tortle Ninja is fast, easy and anyone can use it.
It also got Turtles 🐢, combos💥 and lots of action🥷
How Tortle WorksTortle enables the users to create combinations of DeFi operations. All you have to do is linking the nodes and define a strategy, with this you split, create limit and stop-loss orders, and even more complex strategies. Tortle also can validate the operation results and the composition of the operation, so invalid operations are rejected.
With Tortle anyone can create Financial products and strategies: fintech, crypto enthusiasts, and even old-school sordid bankers build can pack and use complex crypto operations, making the best of farming, liquidity pools, DEXs and oracles.
Why Fantom?Basically, Fantom superior speed and much (much much) lower transaction fees let us do combos in an easy way. Fantom ecosystem is the core of Defi, some of the most promising projects are there, and its the perfect place for Tortle.
When creating the Tortle Token design we wanted to create something unique, hard as a turtle shell, to protect our holders and especially our early adopters from dumping, inflation...
All this section is still a draft, check often for the final versionTicker: TBD
Contract Address: TBD
Chain: Fantom Opera
Max Cap: 150,000,000 TRTL
USES of TORTLETortle is a sophisticated dapp and some services inside of the platform can only be used by using Tortle. The core of the economic model on Tortle is based on platform fees, and how to revert all value created on the token and on our community. The platform fee will be a 1,5% of every operation, that will be shared as this:
- 0,5% (33% of all fees) will be for Tortle Dojos, to reward hodlers.
- 0,7% will be back at Tortle Treasury, mainly used to reduce inflation.
- 0,3% will be to Dev Fund, to expand the team and fund the project long term.
What we tried to create is an inflationary model that rewards token holders and community on the best way possible, making the project a sustainable, long term initiative.
Platform FeesEvery transaction on Tortle pays some fees, and these are paid on Tortle Tokens. About 0,7% of assets inflow on the platform will be converted to Tortles on the market and sent back to the Tortle Treasury. Users dont really have to buy Tortles before, Tortle will do it automatically when a transaction starts.
Tortle DojosTortle has staking offerings, what we call Tortle Dojos, Tortle Dojos allow users to stake Tortle Tokens in exchange for rewards, Tortle Dojos offering will change over time but our first one is what we call the Hanzo Dojo
Hanzo's Dojo🥋Hanzo's Dojo will reward holders of the Tortle Tokens with platforms fees, a great APY and a special surprise, an unique completion NFT. Hanzo´s Dojo will have a max cap of 2,5M Tortle Tokens.
To reward our users will give them 3 streams of revenue:
- The 33% of all platform fees during the first 12 months.
- Rewards on Tortle Tokens to give at up to 100% APY over the 12 months.
- 2 NTFs, one when you start farming and the other one at the end of the staking period.
Hanzo's Dojo will consist on 3 Tiers, with a max cap of 2,5M Tortle Tokens.
The Black Belt Tier:🥋This tier will lock Tortle Tokens for 12 months, and will share between its participants the 17,5% of all the platform fees during the 12 months and a 200% of APY on Tortle Tokens over that period. The Black Belt tier will have a max cap of 500,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal and APYs will be shared at the end of the period. A user can unstake tokens at any moment, losing the reward (and also the posibility to enter the black belt tier again directly). At the end of the period all users will receive their completion NFT, a completion NFT on black belt tier will allow users to access our best staking offerings. Participants on the Tortle IDO will have preference to access this DOJO
The Green Belt Tier: This tier will lock Tortle Tokens for 6 months, and will share between its participants the 10% of all the platform fees during the 6 months and a 100% of APY on Tortle Tokens. The Green Belt tier will have a max cap of 750,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal will be shared at the end of the period. An user can unstake tokens at any moment, losing the reward.At the end of the period all users will receive their completion NTF, a completion NFT on Green belt tier will allow users to access our Black Belt Tier
The Yellow Belt Tier: This tier will lock Tortle Tokens for 3 months, and will share between its participants the 5,5% of all the platform fees during the 3 months and a 25% of APY on Tortle Tokens. The Green Belt tier will have a max cap of 1,250,000.00 TORTLEs, not accepting more users when the max cap is reached. The platform fees will be rewarded monthly and the principal will be shared at the end of the period. An user can unstake tokens at any moment, losing the reward.
The 3 Dojos will be opened after TGE, but as soon as they reach their max cap you can only access the biggest tiers if you have the NFTs of completing the lower level, so Black Belt tier will be only avaliable to users who hold on their wallet the Completion NFT of the Green Belt, and Green to only the ones that had completed the Yellow one.
Completion NTFs are tradeable.
Relief FundWhen a user wants insurance on his recipes he can use our Tortle Relief Fund feature, when a recipe is reviewed an insurance fee is proposed, if the user accepts we automatically buy these Tortle Tokens on the market and send it to Relief Fund.
Relief Fund CatbondsAnother product you can only buy with Tortle is our Catbonds.
Tortle Cat Bonds are available every time the max insured quantity is in use. When we got a 75% of our relief fund already in use covering our users, Tortle Catbonds will be available to buy. Tortle Cat Bonds has a minimum APR and a maturation period. The minimum APR will be paid as soon as the bond is sold and the rest at the end of the maturation period.
Tortle Cat Bonds work in a similar way to LP Token, and you can even redeem it before the maturation period with a discount.
In case there is a catastrophic event, Cat Bond investors will lose a part of their principal to the insured users. All Cat Bond investors will lose, and a part of their principal depends on the maturation of their bonds. In extreme cases, investors will lose all their funds.
GovernanceAll token holders will be able to have a say in the future direction of the project via voting on proposals. The goal is that in the long run, users of TORTLE can choose the new features to implement, change policies...
Decisions include setting fees, reducing incentives, defining burn policies, and adopting new features.
