On May 9th, the Sui ecosystem DEX Turbos Finance invested by Jump Crypto announced that it will open IDO. The IDO will last for two days from 10:00 UTC on May 12th. The IDO will be held on Turbos Finance’s native accelerator TurboStar.
In addition, the team also announced the Token economics of the project. The maximum supply of TURBOS is set at 10,000,000,000 pieces, and the allocation plan prioritizes the sustainability and viability of the platform. The team holds 18% of the total distribution and investors hold 15%. The treasury, which includes IDO, IE0, and partners, accounted for 12% of the total allocation, while 5% was allocated to marketing and operations. 50% is used for mining and rewards.
In addition, the team also announced the Token economics of the project. The maximum supply of TURBOS is set at 10,000,000,000 pieces, and the allocation plan prioritizes the sustainability and viability of the platform. The team holds 18% of the total distribution and investors hold 15%. The treasury, which includes IDO, IE0, and partners, accounted for 12% of the total allocation, while 5% was allocated to marketing and operations. 50% is used for mining and rewards.