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Turbo (TURBO) Review

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TURBO started as a memecoin with a frog-like mascot and could potentially grow to be a successful, AI-driven cryptocurrency. It it essentially a trial of how a low-budget memecoin can work using CHATGPT-4. It's is a community-driven project, with the coin used for the purchase of goods and services across various sectors of the economy. Here are a few facts about the memecoin to give you a clearer overview.
TURBO/USD (-5.64%)
$0.00
July 19, 2024, 6:19 am [UTC]

No rating available for new coins
Released on April 20, 2024, 12:00 am
New Coin/Token Warning!
This is a new coin/token that has recently been released by its creators. Therefore there is often only very little information known about the founders and they have no history showing their intentions, which could be both good or bad. The risks related to buying this is extremely high. We never give any recommendations or advise on what you should buy or sell. All information on this page should be considered for education and informational purposes only. Never risk any money that you can not afford to loose. Speculating in crypto currencies is related to extremely high risks and is not suitable for everyone.

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Positive: 53.13%Negative: 46.87%
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TURBO is a memecoin and an ERC-20 coin based on the Ethereum blockchain. It is the first AI-generated coin on the market, with 69 billion tokens in circulation. Additionally, the coin project is community-driven. This means that there is no team behind the management of the coin. Its founder relinquished contract ownership to give its community a chance to steer its growth.

 

A Bit About Turbo

Turbo coin can be described as an Ethereum-based memecoin. It takes the form of a fun frog in space mascot that is hilariously funny. The coin was made by Rhett Mankind, who wanted to see if he could use artificial intelligence to create a memecoin with a budget of just 69 USD. He later renounced the contract to make it a community-driven project and bring everyone on board.

This coin has several goals in place, including fun, sharing, and ease of transactions. It can be used as a coin for the exchange of goods and services or to support smart-contract-enabled crypto projects such as DeFi. Community members also use it to buy goods and services within the ecosystem.

The hottest Chat GPT created meme magic is hereCryptoLists.com
 

TURBO is an ERC-20 memecoin. It is based on the Ethereum network and shares all the security features built in. Since it is a fungible token, it can be exchanged with others of the same kind on the network. The unique feature of the memecoin is that it can work both as a memecoin and as a utility coin that can be used for the purchase of goods and services.

There are 69 billion TURBO tokens in circulation. The founder holds 9 billion coins, while 60 billion were crowdfunded. Another key feature of the coin is that it does not charge any taxes on transactions. Therefore, users can exchange the coins at a lower cost than they would with other ERC-20 tokens on the same network.

Additionally, the TURBO founder has renounced contract ownership. This means that he does not hold the source code. He did this to make the project community-driven rather than a private asset sold to the community. There is no team in place to manage the coin. Instead, community members exchange ideas and other improvements they want to see in the memecoin.

 

Utility of Turbo?

TURBO is a memecoin whose main function is to act as a fun asset for the members of the community to enjoy and transact with. It has removed taxes from transactions so that members of the community do not incur significant costs when moving coins across wallets.

On the other hand, it can also be used as a utility coin for the purchase of goods and services within the Ethereum network. Holders can also exchange the coin with other cryptocurrencies within the Ethereum network and outside it on the cryptocurrency exchanges where the coin is listed.

Several advantages come with holding the coin. First, this coin is a fun token where community members can exchange arts, services, and NFTs within their community and use it as the medium of exchange. Second, users may earn from the increase in value now that the coin is available on several major cryptocurrency exchanges.

Third, the coin is an ERC-20 token. Therefore, it can be used to support smart contract-based projects across the board.

Turbo Price details

ETH Contract address: 0xa35923162c49cf95e6bf26623385eb431ad920d3
›› Details & Tokenomics



Very speculative and theoretical potential data
Last updated: July 19, 2024, 6:19 am
›› TURBO tokenomics and social media
 

Advantages of Turbo

+ The fun coin has a huge community behind its development
+ There are 69 billion tokens in circulation, enough for the entire market
+ TURBO does not charge any taxes for transactions, thereby lowering the costs of transactions
+ This coin is listed on over 30 leading cryptocurrency exchanges, including CoinEx, XT.com, and Bitget
+ TURBO is an ERC-20 coin that can support smart contract-based projects
 

Disadvantages

- Due to the huge number of coins, this may lead to inflation
- The memecoin has few uses outside of the meme community
- Despite the growth in numbers, it is still not as popular as leading coins
- Most users do not take memecoins seriously as avenues for investment
- The lack of a team in place slows down decision-making within the community
 

Costs

▪ Rated at 9/10

TURBO does not charge any taxes for the use of the memecoin. Therefore, the cost of transfer is almost free, as taxes make up the largest portion of the costs that you will pay to exchange the coin. Expect a payment of 0.01% of what you transact as the cost of the transaction. This is one of the cheapest transaction costs among the ERC-20 tokens available today.

 

Reputation and Buzz

▪ Reputation rated at 8.5/10
▪ Buzz rated at 10/10

TURBO has been received positively across the crypto community. Once the founder released the coin into the market, people were fascinated by the prospects of the memecoin, making it big in the crypto space. Soon, the news of the first AI-generated content spread like wildfire, and many people joined in.

Soon, the coin was registered in exchanges around the globe. Today, it is available in over 30 of them. As a testament to its growth, the coin surged over 300% in three months after the initial quarter of its establishment. It continues to rally well in various exchanges, and the community is growing fast.

 

FAQ

What is memecoin?

A memecoin is any cryptocurrency that is named after artwork, animals, individuals, or characters that can be mimicked. A community of enthusiastic meme followers supports such coins, as they are supposed to be fun and lighthearted. Turbo meme looks like a frog in space gear. Dogecoin is another famous memecoin.

What is an ERC-20 coin?

ERC-20 tokens are fungible coins made on the Ethereum blockchain. By being fungible, it means that they can be exchanged with other tokens on the network, which makes exchange a lot easier. Additionally, they can be used to make smart contract-enabled services for use with other crypto products, such as DeFi.

Is TURBO safe?

Yes, TURBO is safe. It utilizes all the security features offered by Ethereum. It also runs on the Ethereum network. This is one of the most secure networks in the cryptocurrency world. Therefore, there is no chance that you may lose your cash or leak information while using TURBO.

 

History of Turbo

April 2023 - TURBO coin is launched. The AI-generated memecoin has 69 billion tokens in circulation and is based on the Ethereum network.

June 2023 - TURBO is listed in such cryptocurrencies as Toadswap, BlueBit.io, CoinW, and CoinEX. This enhances transactions for all members and those who wish to join in.

November 2023 – The coin’s founder relinquishes control over the contract’s code. This means that members of the community have the chance to contribute to the direction of the project.

March 2024 – More crypto exchanges start listing the coin. Users can now access the coin on over 30 exchanges, including HTX, BTSE, KoinBX, BingX, AscendEx, and ZKE.

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Screenshots from Turbo

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More sites where to buy/sell/trade Turbo

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
TURBO/USDT
 

Turbo details and tokenomics

Turbo Ticker: TURBO
ETH Contract address: 0xa35923162c49cf95e6bf26623385eb431ad920d3
SOL Contract address: 2Dyzu65QA9zdX1UeE7Gx71k7fiwyUK6sZdrvJ7auq5wm
Type of crypto: ethereum-token
Resources & Social media
🔗Blockchain URL: https://etherscan.io
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