Who is in the TN team ?
Belgians (KYC on website). ICO in 2018 (100m max supply) was sold as a bot between 0.0002-0.00025 per waves when waves $4.75 but recently developed into multiple services and is now on the same level as waves with dex (desktop and mobile wallets), pywaves, token issuance, gateways.
It's same tech (NG) up to 1000tx/s. TurtleNetwork is revenue generating through blackturtlenode which is top 5 leasing node on waves platform, presently $7000/month, $84k year, yielding fair value market cap of $4.2m on P/E 50 (per 2020-11-21 trading 80% below this calculation).
Many investors overlook TurtleNetwork simply because it evolved from a botscript into a full scale operation which is managed by main dev with support devs as its was understood. New UI dex launched in june.
I am not going to hype TN and advice all in because of many alt burns especially in these small teams in 2018 in privacy nodes, but its worth a mention.
$5-$10k goes a long way when upside is x100-1000 within 24 months. Human factor is main risk, tech is good.
Friends and family own 10%/10m tn acquired at 0.0002 and are stealth selling between 0.003-0.005 and up. I was buying into this range without prior knowledge and almost got burned if it wasnt for good trading strategy deployed during summer which generated 1k waves back profit on 2k allocation.
0.024 was up for a short pierce but then sold back into 0.005 by ico sellers. When this sell wall is gone, 0.024 and over will strike, and stable range is expected similar as WEST, 0.05-0.12 after first waves of founders tokens are redistributed.
Project also generated side revenue from on platform fees by user activity such as leasing, trading, token issuance, transfers. Unlike waves 5% yearly unbacked inflation, TurtleNetwork staking rewards are from real user activity.
Daily tx is 6500 compared to waves 30 000, for those who use tx valuation methods. value divergence tn/waves is 1/1000 ($700k vs $700m).
Userbase is 1/10th of waves, nodepower 40% of waves.