Turbos Finance is a non-custodial and hyper-efficient decentralized exchange (DEX) built on Sui. It provides a decentralized crypto marketplace and is an automated market maker (AMM) with frictionless liquidity.

The Turbos Finance DEX offers a seamless cryptocurrency trading experience while ensuring high efficiency and liquidity within the decentralized finance ecosystem. It aims to make DeFi accessible to the next billion Web3 users and serves as a bridge between Sui ecosystem projects and the market.

The project was founded in June 2022 and is supported by Mysten Labs, backed by experts in DeFi and cryptocurrency trading, including Jump Crypto. In addition to making DeFi markets more liquid and accessible to investors, Turbos Finance bridges Sui ecosystem projects and the market.

TURBOS is the native token of the Turbos Finance DeFi platform. It gives holders trading fee rebates on the platform, can be staked, and functions as Turbos Finances governance token.

Turbos Finance is a non-custodial DEX built around the Concentrated Liquidity Market Maker (CLMM) model on the Sui Network. It employs concentrated liquidity pools to enhance trading efficiency and increase liquidity for trading pairs.

The project introduces a universal concept of digital asset ownership and unparalleled horizontal scalability within the DeFi sector. Its close collaboration with Mysten Labs - the firm behind the development of the Sui blockchain, allows Turbos Finance to support the success of the overall Sui ecosystem.

This is possible via strategic initiatives, partnerships with centralized exchanges (CEXs), driving higher on-chain liquidity, supporting user growth, and fostering widespread adoption of its platform and the overall Sui network.

Turbos Finance offers a unique TurbosBoost Campaign, an initiative that drives growth and innovation within the Sui ecosystem. In collaboration with launchpad partners, the platform lets projects that create liquidity pools on Turbos participate in the campaign via a TURBOS token-based voting system.

Turboss perpetual AMM also supports low-risk assets. At the same time, it accommodates long-tail assets with reduced leverage, adjusting their liquidity dynamically in the market to ensure the stability of its perpetual AMM.

The Turbos Finance project was launched in June 2022 by Ted, the projects Co-founder and CEO. The pseudonymous co-founder is a crypto enthusiast and research scientist with experience in derivatives, on-chain data, and DEXs.

The projects public devnet went live in February 2023, and the dApp went live on Suis permanent testnet in April. In May 2023, the Turbos DEX integrated Wormhole Connect to offer seamless, in-app bridging to its users.

Turbos Finance conducted its Token Generation Event (TGE) in May 2023, raising more than 340 million in Seed and Private SHO via DAO Maker. It then conducted its public sale on TurboStar - Turbos Finances own IDO platform, concluding the sale within three minutes of going live.

TURBOSs public sale in collaboration with the Cetus community was also sold out within seven minutes.

Turbos Finance is an interesting project to invest in, especially if you believe in the potential of the DeFi sector. Rising adoption of DeFi projects such as DEXs and AMMs could make the TURBOS crypto more appealing among investors, supporting the Turbos Finance price.

The TURBOS price could also strengthen amid the growth of the Sui ecosystem. As a leading Sui-based project developed in collaboration with Mysten Labs, rising interest among developers and users in Suis infrastructure could increase the value of Turbos Finance project.

Positive market sentiment toward cryptocurrencies could also boost the TURBOS price statistics. Such a bullish mood drives more buying activity in the crypto market, supporting the TURBOS to USD price.

While we cannot offer a reliable TURBOS price prediction over any duration, the following factors impact price action and volatility in the token significantly:

Level of On-chain Activity on Turbos Finance

Higher activity on the Turbos Finance platform by DeFi users could increase the demand for and value of TURBOS crypto. Growth in the Sui ecosystem and a resulting uptick in demand for Turboss launchpad among projects could also increase the appeal of buying and holding TURBOS tokens among users and investors.

Future Developments in Turbos Finance Ecosystem

Investor confidence in $TURBOS is boosted when the DEX announces new partnerships and integrations. Additionally, news of fresh investment into the Turbos Finance project also drives the price of TURBOS token higher.

Overall Crypto Market Sentiment

The market sentiment toward cryptocurrencies is crucial in determining price trends in Turbos crypto. A bullish or risk-on mood encourages buying activity in the crypto market, supporting the price of Turbos Finance token. However, a bearish or risk-averse mood causes selloffs that could weaken the TURBOS price.

TURBOS is the protocol token on Turbos Finance and has several use cases, such as:

Governance and Voting on Turbos Finances Developments

TURBOS tokens support on-chain governance, allowing token holders to suggest and vote on changes to the DEX's regulations and guidelines, guaranteeing a flexible and community-oriented platform. These tokens allow holders to vote on particular proposals or choices related to the DEX, including adding new trading pairs or recommending projects to CEX partners, promoting a cooperative decision-making approach.

Staking TURBOS on Turbos Finance

TURBOS tokens can be staked to provide liquidity to the platform, enabling users to earn a share of trading fees as a reward. Staking $TURBOS encourages users to contribute to the liquidity pool, promoting a liquid and efficient trading environment.

Enjoy Discounts on Turbos Finance Trading Fees

Turbos Finance offers discounts or rebates on trading fees for users possessing a specified quantity of tokens. This mechanism stimulates token usage, demand, and potential value growth.

Trade or HODL TURBOS

Trade Turbos Finance token against other crypto assets on the BYDFi Spot Market to make the most of changing market conditions and volatility. You can buy or sell TURBOS, or hold it long-term if you believe in the future potential of the Turbos Finance platform. Remember to DYOR before entering any new trade to manage your risk exposure in the crypto market.

Heres how to stake TURBOS on the Turbos Finance platform and earn rewards:

1. Visit the Turbos Finance app and connect your wallet to it.

2. Ensure your wallet is funded with sufficient tokens by buying TURBOS on BYDFi or other supported platforms and transferring your tokens to your wallet.

3. Click the Earn tab of the Turbos Finance dApp.

4. Select the liquidity pool in which you want to stake your TURBOS tokens. Each liquidity pool may have different characteristics and potential rewards, so it's essential to consider your investment strategy and risk tolerance.

5. Provide liquidity by staking your TURBOS holdings to the selected liquidity pool.

6. By staking TURBOS tokens and contributing to the liquidity pool, you become eligible to earn rewards. The rewards typically come in the form of a portion of the trading fees generated on the platform.

According to Turbos Finances official documentation, the total supply of TURBOS is fixed at 10,000,000,000. The token allocation is given below:

1. 18% of the TURBOS supply was distributed among the projects team.

2. 15% was allocated to Turbos Finances private investors.

3. 12% went to the Turbos treasury for use in IDO, IEO, and partnerships.

4. 5% has been set aside for marketing and operations.