How Fees are Calculated in Tortle Ninja

With Tortle Ninja, you only need the initial gas to operate, and we take care of the rest.

At Tortle Ninja, our goal is to establish a sustainable project in the long run. However, in order to achieve this, we have to implement fees. These fees will serve as funding for the project and will provide rewards for holders and stakers during the token launch.

For every transaction, we charge an upfront fee of 0.5% and a 5% fee on profits at the end. If there are no profits, then the fee will only be 0.5%. This 0.5% covers the gas expenses of execution, which sometimes require more than one transaction. As we bundle them in Tortle Ninja, we can help you reduce your gas costs at the time we automate them. With Tortle Ninja, you only need the initial gas to operate, and we take care of the rest.

In addition to our fees, DEXs and protocols charge additional fees for their services. These costs are normally small and are included in our analytical suite, so you will always have visibility into the total costs of all operation.

What are these fees for?

• 0.3% will be allocated to Tortle Dojos as a reward for users who stake Tortle tokens on the Relief Fund.
• 0.2% will be used to buy Tortle tokens on the market and send them to the Tortle Burn address.
• 5% of the profits will be split between the Gas Vault and the Dev Fund. This will be used to expand the team and finance the project long-term.

Tortle tokens have a crucial role in the app as they serve as internal gas for the app’s functionality. Every Tortle Ninja user must buy and send these tokens to the Relief Fund and the burn address. This incentivizes users who stake their Tortles and reduces the overall supply, creating deflation over time. Additionally, all of these operations are bundled, eliminating any extra gas cost.

Note of Appreciation

Thank you for taking the time to read our blog post! We hope you found it informative. Join us in our next post and stick around to learn more about Tortle Ninja and DeFi. We look forward to sharing more knowledge and insights with you!

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About Tortle Ninja

Tortle Ninja is a cutting-edge decentralized finance (DeFi) framework that operates on the Fantom Opera Chain. With Tortle Ninja, it’s easy to build, test, and optimize your DeFi strategies.