HECO Chain

Jul 30, 2021

4 min read

HECO AMA Series Recap — Turtle Finance

Guest: Henry Ferr, head of the Marketing Team
Host: Andy of HECO

Introduction — Segment I

Today with us we have Henry. Welcome, Henry. Could you tell us about yourself? What did you do before Turtle and why did you choose to work for Turtle?

Henry: Hi, I’m Henry Ferr — the head of the Marketing Team from Turtle Finance. Thanks for having me! Well, I have been working with marketing for international tech companies for over 10 years, and since 2018 in the blockchain industry. Turtle Finance is a very innovative project and that is why I joined it. DeFi is the future and there are many projects out there but we see a lot of opportunities not being explored in the space, and that is where Turtle Finance comes in.

Q&A — Segment II

Q1: Could you tell us more about your project? In other words, what does Turtle do?

Henry:Turtle Finance is a decentralized, automatic, smart trading platform that will soon be available on the BSC and HECO chains.

It connects professional trading strategists and amateur traders. Usually, amateur traders lack good trading strategies, and sometimes they want to enter the DEFI world but don’t know where to start. So, in this case, the professional strategists can help with that. Experienced strategists can upload their strategy to Turtle Finance and gain profit from it. On the other hand, the amateur traders provide their funds, and in the end, the profit from trading & mining is going to be splitted between them.

Turtle finance can do arbitrage between different DEXs at the same time. Arbitrage opportunities will not exist all the time. When that happens, Turtle Finance will invest idle funds into safe and stable mining pools with a high return rate to earn interest for users.

Obviously, not every strategy will be approved, as Turtle’s Financial team will review it first, and then the strategy must go through the testing period for proving its profitability.

In addition to that, our first strategy called A1 Strategy is already available on the platform.

Q2: There are many similar out there, some have been quite successful. What is special about Turtle compared to other projects?

Henry: We can barely compare our project with others, because there are no projects like us. What we like about Turtle is that it allows investments arbitrage among different DEXs and if the price of a certain token is the same in different DEXs, then Turtle puts the funds into mining pools to gain profit. Basically saying, your funds are always working to make profits. Also, Turtle allows experienced traders to upload their strategies.

Q3: Great, could you give us some info on the $TRE Token?

Henry: TRE is the Turtle platform governance token, which can be used for community voting and revenue acceleration after the Turtle DAO governance function is launched. The total amount of tokens will be 100million.

Q4: What would be one’s motive to hold $TRE tokens? What can we do with $TRE?

Henry:Great question!

In the early stage of the project we’ll provide a TRE lock-up mining pool and stake TRE to get rewards.

We’re actively seeking TRE application scenarios with cooperative projects, including joint mining, the use of TRE in exchange for other project rights and interests, etc.

As a governance token, TRE will play an important role in community governance.

Q5: When is your project going to be launched? I heard there are some events that are going to happen soon?

Henry: This week we will start the second phase of our platform testing, and everyone is welcome to join. We will be giving TRE tokens as an airdrop to be divided between the testing participants. After this testing we will be ready for the official launch!

Q6: If you were to summarize your project in 1 word, what would it be? Why?

Henry:One word is a little hard so let’s do one sentence! I would say “Promoting DeFi to the Masses”.
We truly believe the development of Turtle Finance can further promote the prosperity of DEX. The relevant mechanism of trade arbitrage can improve the liquidity of DEX, more professional strategies, and more user participation, which plays a positive role in improving the overall market operation efficiency.

Q7: How do you guarantee users’ asset security?

Henry:Our team has extensive experience in the DeFi area and takes a lot of measures to secure our users’ assets. We also got our contract audited by Certik.

Q8: Awesome. Anything else you guys would like to add before we go into the live questions session?

Henry: We would like to invite everyone to join our second platform testing and airdrop! You guys can get more information on our official telegram (https://t.me/TurtleFinanceGroup) and on our official twitter channel (https://twitter.com/Turtle_Finance)

Thanks!

· HECO Website

· HECO Twitter and Telegram Channel (For the latest news)

· HECO Telegram Community

· HECO Discord (Welcome all developers to join!)

· HECO Explorer