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SWELL
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.@turtledotxyz treasury and their token - what if scenario
Speculation: Imagine staking your Turtle token and receiving a share of their future earnings....
Turtle have $10.4M in their treasury right now and if you do a little snooping on the Turtle site you'll see it's split into 3 parts:
> Tokens holdings:
These are tokens that have been earned through @turtledotxyz activities. For example when Turtle link up with a project and help them to get users to earn points, a share of those points (and thus tokens) is given to Turtle and Turtle convert some of those tokens to USDT, ETH or USDC.
> Positions:
These are actively managed DeFi positions. It's a portion of their token holding that they're deploying into DeFi to earn yield - these positions generate extra yield for the Turtle treasury.
> Unrealized Earnings:
These are all the assets owed to Turtle DAO which they haven't received as tokens yet to put into their Treasury. I.e. tokens they are owed from protocols that haven't paid out yet.
Why do Turtle get paid by protocols?
Because they help them get more users which helps boost their metrics and participation. As a thank you, Turtle gets a cut - which comes from the projects, not from the users (users actually get boosted).
So this is pure speculation on my part but either way I'm excited to see what additional roles the token will play after TGE - other than LP incentives.


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About Swell Network (SWELL)
Swell Network FAQ
What is cryptocurrency?
Cryptocurrencies, such as SWELL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as SWELL have been created as well.
Can I buy SWELL on OKX?
No, currently SWELL is unavailable on OKX. To stay updated on when SWELL becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of SWELL fluctuate?
The price of SWELL fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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