Turbo (TURBO) is a memecoin launched in April 2023 as part of an experimental project by Australian digital artist Rhett Mankind. It was created with guidance from the memecoin community and OpenAI’s GPT-4, with a budget of just $69 (AU$112) to issue 69 billion TURBO tokens.
And no, the budget and tokenomics numbers are not a coincidence.
An important aspect of TURBO is its no transaction tax policy, which means that when you buy, sell, and trade TURBO tokens, no additional fees or taxes are imposed on the transaction, unlike most other cryptocurrencies. Additionally, contract ownership has been renounced, meaning that the original creator cannot modify the contract’s code (or have any control whatsoever).
All of Turbo’s brand assets are in the public domain, allowing community members and creators unrestricted use of TURBO’s image.