On March 14, 2023, GPT-4, an autoregressive language model developed by OpenAI, was released online, causing a sensation in the field of AI intelligence. At the same time, the crypto industry was also affected, and a number of AI tokens saw a significant increase. At the same time, a Meme token called Turbo appeared in the market. This is a MeMe token inspired by the power of artificial intelligence. The creator of the project proposed a simple challenge to GPT-4: to create the next great meme coin with a budget of only $69.
What is Turbo?
Turbo (TURBO) token is a Meme coin created by AI (artificial intelligence). Its uniqueness lies in the fact that its development and promotion process is almost entirely completed by ChatGPT. The birth background of Turbo token (TURBO) combines the latest developments in artificial intelligence technology and the innovative spirit of the cryptocurrency market. The creation of Turbo began with Rhett Mankind, an Australian digital artist who decided to use the power of AI to develop a new cryptocurrency project. His goal is to demonstrate the potential of AI technology in the blockchain field and how to create high-value digital assets on a very low budget. All aspects from names, brands to smart contracts and token economics are generated through artificial intelligence.
In early 2023, OpenAI released its latest GPT-4 model, a powerful natural language processing tool that provides technical support for the Turbo project. Rhett Mankind used ChatGPT-4 to complete almost every step of the project from initial conception to final implementation, including
- Name and Brand Design : ChatGPT-4 assisted in generating multiple alternative names, and ultimately decided on the name "TurboToad" through Twitter voting. Meanwhile, AI tool Midjourney helped design the token's mascot - Quantum Leap Toad.
- Smart Contract and Token Economics : ChatGPT-4 wrote Turbo's smart contract code and developed the token's economic model. These models include zero taxation, abandonment contracts, and anti-whale mechanisms, ensuring the fairness and security of the token.
- Marketing activities and community engagement : AI also helped write white papers, develop marketing activity strategies, and interact with the cryptocurrency community through social media platforms to drive project development and exposure.
One notable feature of the Turbo project is its completely transparent and decentralized design concept. All tokens are publicly available upon launch, with no pre-sale phase, and the smart contract immediately relinquishes control after deployment, ensuring that the development team cannot intervene later. - Zero Taxes : No taxes are charged on transactions.
- Abandoned contract : The contract has been abandoned, which means that the developer can no longer modify it.
- No pre-sale : There is no pre-sale phase, all tokens are published directly to the public.
- Anti-whale mechanism : The design includes mechanisms to prevent large players from manipulating the market.
Since its launch, Turbo has quickly gained market attention and performed very well. Its market value exceeded $30 million in the first week after its launch and rose sharply in a few months. As of May 2024, Turbo's market value has reached about $571 million
II. Turbo Token Economics
Total supply: 69 billion $TURBO tokens
Initial token allocation: - Crowd funding - 60 billion
- Founder - 9 billion
Turbo adopts a decentralized design principle, does not charge any taxes during the transaction process, and the smart contract has been relinquished control after deployment, ensuring that the development team cannot intervene later.
At the same time, Turbo has launched a unique community-driven development model without a fixed team or official roadmap. This enables Turbo to flexibly respond to the rapid changes in the field of digital art and culture, and absorb the creativity and wisdom of community members. It not only improves the flexibility and innovation of the project, but also enhances the sense of participation and belonging of community members.
Since its launch, Turbo token has quickly gained huge attention in the market and achieved significant market performance. In just a few months, its market value has skyrocketed, successfully entering the top 300 of CoinGecko. On May 14th, OpenAI's Chief Technology Officer Mira Murati announced the launch of a desktop version of ChatGPT and a new flagship artificial intelligence model called GPT-4o. In terms of API usage, GPT-4o is half the price of GPT-4-turbo and twice as fast. With the release of GPT-4o, Turbo has started a new wave of upward trend and will log in to The First trading platform at 16:00 (UTC + 8) on May 30, 2024.
Turbo token showcases the infinite possibilities of the cryptocurrency field by combining AI technology and decentralized design. Its transparent, fair, and community-driven characteristics make it stand out among many cryptocurrencies. With the continuous advancement of AI technology and active community participation, Turbo is expected to become a dark horse in the future cryptocurrency market, bringing more innovation and value.