TRTL (TRTL) is a private cryptocurrency that facilitates users with easy and fast transactions. TurtleCoin aims to provide people with a friendly, fun, and easily accessible cryptocurrency. TurtleCoin is a fork of Bytecoin, and therefore, reflects the same privacy features in all transactions. Apart from privacy, TurtleCoin (TRTL) claims to execute worldwide fast trading.
The team of TurtleCoin found that there were many projects which had no association with any product but still raising funds. This might be risky for those users who wish to use some products or projects prevailing on the blockchain. Thus, TurtleCoin (TRTL) was born to make a fun project that users can easily engage with. The team believes that the project can grow in time, even with a no-funding strategy. The team intends to develop the products for the platform in such a way that value is itself increased with the usage of the products.
TRTL is the native cryptocurrency of the TurtleCoin (TRTL) network. Its whitepaper claims that users can easily perform mining functions using TRTL tokens. Along with this, users can earn more TRTL tokens by participating in bounties, tipping, and faucets. The bounty program allows the user to earn crypto by providing feedback on the project code. The tipping mechanism allows the users to tip each other and engage using memes on the TRTL-memes channel. Thirdly, faucets allow users to earn TRTL tokens by completing given tasks in the ecosystem.
The TurtleCoin v2 development represented the introduction of the wTRTL-wrapped token of TurtleCoin. A wrapped token is a token with the same value as the original token since the original token is unable to function on other platforms. The whitepaper explains that the wTRTL was brought to provide the community users the trading opportunities until the TurtleCoin v2 development finalizes. However, in the development phase of TurtleCoin v2, a need for a governance token has arisen, and that's why the gTRTL governance token was made. The wTRTL token holders can stake and acquire gTRTL tokens as a staking reward. The gTRTL and wTRTL are ERC20 tokens and gTRTL help in voting and validators' elections on the TurtleCoin network.
