What Is Turbo Crypto? Turbo AI, Coin, Holders, and Key Use Cases

Key Takeaways

• Turbo was created by following the advice of an artificial intelligence (ChatGPT). This makes it the first cryptocurrency designed by AI, giving Turbo a novel identity as a Turbo AI experiment.

• Turbo had a fair, community-focused launch. No large pre-mine or corporate backing – initial tokens went to the creator and community backers, and the contract was renounced (no one can alter it). Turbo holders truly own the project.

• Turbo’s supply is capped at 69 billion tokens, all minted at launch. There is no mining or inflation – 100% of TURBO is already in circulation.

• Turbo is an ERC-20 token on Ethereum. It inherits Ethereum’s security and broad compatibility, but using Turbo requires Ethereum network fees (gas).

• As a meme coin with no inherent utility, the price of Turbo AI coin is driven by hype and sentiment. It can rise or fall sharply, so caution is advised.

What is Turbo (TURBO)?

Turbo (TURBO) is an Ethereum-based meme cryptocurrency created in 2023 with the help of ChatGPT (an AI model). It was launched as a community experiment and does not have a specific technical utility (like powering an application or giving governance rights). Its value comes mainly from community interest and meme-driven popularity.

In our piece you will find out not only the answer to the overall question of “What is Turbo crypto?”, but also its features and mechanisms, market data, differences to other cryptocurrencies, and much more information about Turbo. 

Disclaimer: SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.

Turbo was conceptualized by digital artist Rhett Mankind. He used ChatGPT’s guidance to shape the coin’s concept – from the name and frog mascot to the token supply and marketing ideas. This origin story, involving AI in the creation process, is why Turbo is often called an “AI-generated” meme coin. Despite this novel start, Turbo functions like a standard ERC-20 token on Ethereum: it can be bought, sold, and transferred on the Ethereum network.

In practical terms, what does Turbo do? Turbo doesn’t power any project or offer special features; it primarily serves as a community-driven token that people trade or hold as a collectible. Its purpose is defined by the community’s enthusiasm and creativity (for example, using it in memes, tipping others for fun, or simply speculating on its price). Turbo’s journey so far shows that a strong story and community can give a token market value even without traditional utility.

Turbo (TURBO) Price, Supply and Market Cap

As of April 22, 2025, Turbo’s key metrics are:

*All data provided via CoinMarketCap

How does Turbo work?

Turbo is a simple cryptocurrency token, so its workings are straightforward:

Turbo runs entirely on Ethereum, with all transactions processed on its blockchain – there’s no separate Turbo network. It cannot be mined or minted; the full supply was created at launch, and the contract is immutable due to renounced ownership. 

Turbo’s core use is for trading and transferring, with its price driven by open market demand. Its value is purely social, rooted in community enthusiasm rather than utility. As a meme asset, Turbo’s success depends on engagement, hype, and collective belief, not on technical functions or features.

Turbo’s Blockchain Technology

Turbo does not have its own blockchain; it runs on Ethereum:

Turbo is built on Ethereum, leveraging its mature, secure, and decentralized blockchain. As an ERC-20 token, Turbo inherits Ethereum’s Proof-of-Stake validation and robust security. All Turbo transactions are as secure as Ethereum itself, requiring a full network compromise to be attacked. The token contract is standard and simple, with no custom features or mechanisms. 

Turbo relies entirely on Ethereum’s ledger, meaning its speed and cost depend on Ethereum’s current network conditions. Transparency is inherent, with every transaction and the total supply publicly visible on blockchain explorers. This ensures trust, eliminating hidden inflation or secret transfers.

What is Proof-of-Work?

Answering the question “What is Turbo coin?” implies getting into its Proof-of-Work (PoW) mechanism. PoWis a blockchain consensus mechanism used by cryptocurrencies like Bitcoin (and formerly by Ethereum). In a PoW system, “miners” compete to solve complex mathematical puzzles using computing power. 

The first miner to solve the puzzle validates a block of transactions and earns a reward. This process requires significant computational work, which secures the network because an attacker would need to expend enormous computing resources to alter the blockchain.

PoW allows decentralized networks to agree on transaction history without a central authority, but it is energy-intensive. (Ethereum transitioned from PoW to Proof-of-Stake in 2022 to improve efficiency.)

Turbo itself does not use Proof-of-Work at all. Turbo is an ERC-20 token on Ethereum, and Ethereum now uses Proof-of-Stake to secure the network. We explain PoW here mainly for background, since it’s a fundamental concept in blockchain technology. The key point is that Turbo’s security doesn’t come from PoW mining; it comes from Ethereum’s current consensus mechanism (PoS).

What Makes Turbo Unique?

Limited Supply

Turbo cryptocurrency operates with a fixed total supply capped at 69 billion tokens. This finite supply helps maintain scarcity, potentially increasing Turbo's market value over time.

Transparency

Turbo runs on Ethereum blockchain technology, offering a public, decentralized ledger. All Turbo transactions and token holdings are recorded openly and can be independently verified on Ethereum block explorers like Etherscan.

Lower Transaction Fees and Faster Payments

Turbo benefits from Ethereum blockchain efficiencies, with typical transaction settlement times averaging between 12 to 15 seconds. Transaction fees can vary based on Ethereum network congestion, but Turbo generally provides faster settlement times and lower fees compared to traditional banking systems.

Security and Privacy

Turbo cryptocurrency inherits Ethereum's strong security protocols and encryption practices utilizing advanced cryptographic algorithms. Though transactions are publicly viewable for transparency, Turbo users transact through pseudonymous wallet addresses, ensuring greater privacy compared to conventional financial transactions.

History of Turbo

Turbo’s timeline is short but eventful:

• Launch (April 2023)

Turbo was launched in late April 2023. Rhett Mankind deployed the TURBO token on Ethereum with a supply of 69 billion. About 60 billion tokens (87% of supply) were distributed to roughly 50 community members who contributed around 6.9 ETH (approximately $6,700) to kickstart the project. Rhett retained 9 billion (13%). Once the token was live and distributed, the first trading pool for TURBO was created on Uniswap by community members. Rhett then renounced the contract, relinquishing any special control over Turbo.

• Early spread

After launch, Turbo began gaining attention on social media. Rhett shared the story of how ChatGPT helped create the coin, and early adopters spread the word about this “AI-generated” crypto experiment. The project slowly built a community intrigued by the idea of an AI-designed meme coin.

• Viral growth (mid-2023)

Turbo caught a wave of meme coin mania by mid-2023. As tokens like PEPE surged in popularity, Turbo’s unique origin story attracted more investors. Turbo’s price and number of holders skyrocketed during this period. By May 2024, about a year after launch, Turbo reached an all-time high around $0.01, giving it a market cap in the hundreds of millions of dollars.

• Exchange listings and beyond

The viral success led major exchanges to list TURBO, increasing liquidity and exposure. However, like many meme coins, Turbo’s price later corrected from its peak. As of 2025, Turbo is still traded on various platforms, though at a lower price and volume than at its height. It maintains a dedicated community that continues to hold and discuss the token, keeping Turbo’s story alive as a notable chapter in crypto history.

The Major Stakeholders of Turbo

Turbo’s stakeholders are distributed, reflecting its community-driven nature:

• Founder

Rhett Mankind is the creator of Turbo, but after launching the token and distributing it, he holds no controlling stake beyond the tokens he kept. Rhett renounced control of the smart contract, so he cannot change Turbo’s rules. His role after launch has been mostly symbolic and supportive.

• Early backers

The initial crowdfunding participants (around 50 people) who received TURBO for contributing ETH were the first major stakeholders. They collectively held a large portion of the supply at launch and were instrumental in providing liquidity and spreading awareness. Some of these early holders can be considered “whales” in the Turbo ecosystem.

• General community

Once Turbo traded openly, ownership became widespread. Today, thousands of individuals hold Turbo tokens. No single entity or team controls a majority. The power in Turbo’s ecosystem lies with the community of holders and enthusiasts. These stakeholders coordinate informally (on social media, forums, etc.) to promote Turbo or organize any community-led initiatives. Essentially, every TURBO holder is a stakeholder since the project has no central authority.

• Exchanges and platforms

Another type of stakeholder includes the exchanges that list Turbo and platforms supporting it (wallets, swap services, etc.). While they don’t “own” the project, their support is crucial for Turbo’s liquidity and accessibility. For instance, an exchange listing can significantly increase the number of potential Turbo buyers and sellers.

How Is Turbo (TURBO) Different To Other Cryptocurrencies?

Turbo can be compared with more utility-focused projects. Below is a quick comparison of Turbo vs Alchemy Pay, Turbo vs Ankr, and Turbo vs Ethereum:

Overall, Turbo is driven by social sentiment with no inherent use-case, while Alchemy Pay and Ankr have specific real-world utilities (payments and infrastructure, respectively) and active development teams. Ethereum is the underlying platform providing fundamental blockchain functionality and ongoing innovations.

Advantages of Turbo

Turbo began with a novel AI-created origin and a fair, community-driven launch, fostering early trust. Its passionate community promotes the token organically through memes and social media, fueling grassroots growth. The smart contract is simple and renounced, ensuring no hidden functions or backdoors. 

With no ability for developers to alter the code or mint new tokens, Turbo offers strong protection against misconduct. This simplicity and transparency make the project clear, reliable, and easy to trust.

Understand the Risks of Turbo

Turbo is highly volatile, with price swings driven purely by speculation and no intrinsic backing. A few large holders can impact its price through major trades, and it faces risks common to meme coins, including regulatory scrutiny and copycat scams. Transactions require Ethereum gas fees, which can spike during network congestion, making small transfers costly or impractical.

How Is The Turbo Coin Secured?

Turbo’s security is primarily derived from the Ethereum network and the design of its token contract:

Turbo’s security relies on Ethereum’s Proof-of-Stake network – any fraudulent changes would require compromising Ethereum itself. Its smart contract is immutable and ownership renounced, meaning no one can alter the code, mint tokens, or pause transfers. This locked design ensures the original rules, like fixed supply, stay enforced. 

All transactions are transparent on Ethereum’s public ledger, allowing real-time monitoring of supply and large transfers. While Turbo’s code is secure, user safety depends on proper wallet practices – private key protection and strong authentication are crucial, as most risks stem from human error, not the token itself.

Buying Turbo (TURBO)

Since Turbo cannot be mined and there was no ongoing token sale after launch, you can obtain Turbo through exchanges or swaps:

• Centralized Exchanges

Buy TURBO on major crypto exchanges like Binance by trading other assets (e.g., USDT or ETH) for it. Simply search for a TURBO trading pair on the exchange and place a buy order. Once purchased, you can withdraw Turbo to your personal wallet for safekeeping.

• Decentralized Exchanges (DEXs)

Swap ETH for TURBO on Ethereum-based DEXs such as Uniswap. Using a DEX requires an Ethereum wallet (like MetaMask) and some ETH to cover gas fees. You’ll trade directly from your wallet without an intermediary – just be mindful of Ethereum network fees during the swap.

• Instant swap services

Use instant crypto exchange services (e.g., SimpleSwap) to convert another cryptocurrency into Turbo. These services let you send, say, Bitcoin or Ether and receive TURBO directly to your wallet, simplifying the process for users not familiar with trading interfaces.

• Peer-to-peer

Alternatively, you could acquire Turbo directly from another holder via a peer-to-peer trade. This method requires caution – it’s important to use a trusted platform or escrow service to avoid fraud.

How to Stake Turbo (TURBO)

Turbo does not support staking in the way some other cryptocurrencies do. There is no built-in mechanism to earn rewards by locking up TURBO tokens. All Turbo tokens were distributed at launch, and the token’s smart contract has no staking or interest feature. 

The only potential way to earn yield involving Turbo is through external DeFi opportunities – for instance, providing TURBO liquidity on a DEX to earn trading fees – but this is not a native function of Turbo and comes with its own risks.

Future of Turbo

Turbo’s future is uncertain and entirely dependent on its community and market sentiment:

Turbo’s future depends entirely on its community, with no official development team driving growth. Any new uses – like games, NFTs, or creative projects – will emerge from grassroots efforts. Its popularity may rise and fall with meme coin market cycles, gaining attention during hype waves or fading in quieter periods. 

As of now, there are no official collaborations (Turbo crypto partnership) or expansions announced for Turbo. The concept could inspire others to attempt AI-generated tokens or similar experiments. It’s possible a community-driven “Turbo 2.0” or Turbo X spin-off could arise, but those would be separate endeavors. Turbo itself will likely remain as it is – a meme coin backed by its community’s enthusiasm.

The Bottom Line

Turbo (TURBO) is a fascinating case in the crypto world where creativity and community took center stage over utility. It began as an experiment guided by an AI and grew into a meme coin with a substantial market cap, purely through viral community interest.

However, Turbo also exemplifies the volatility and unpredictability of such assets. Its rise and fall have been tied to social hype. As a result, while Turbo’s story is unique and even inspiring from a community standpoint, anyone engaging with it should do so with an understanding of the risks. Turbo is best appreciated as a cultural and speculative phenomenon rather than a long-term investment with inherent value.

In summary, Turbo is an AI-generated meme coin that achieved what it set out to do – make a splash in the crypto scene and join the ranks of notable meme coins. Its legacy will depend on the community that carried it and the cautionary lessons it offers about hype-driven markets.

FAQ

On which Blockchain does Turbo Run?

Turbo runs on the Ethereum blockchain. It is an ERC-20 token, so all Turbo transactions and smart contract operations occur on Ethereum. There is no separate Turbo network. To hold or transfer TURBO, you use an Ethereum-compatible wallet and pay Ethereum gas fees for transactions.

When was Turbo Coin Launched?

Turbo was launched in late April 2023. That is when the TURBO token contract was deployed on Ethereum and the initial tokens were distributed to the community backers. In other words, the Turbo coin launch date was April 2023. Shortly after launch, Turbo became available for trading on decentralized exchanges.

Is Turbo Really Decentralized?

Yes. The creator renounced the Turbo token contract, so no single party can alter the token or control its supply. There is no central team; all decisions and promotion are community-driven. TURBO ownership is widely distributed among users, meaning no centralized authority governs the project (aside from the Ethereum network’s underlying decentralization).

What is the Utility of $TURBO Token?

TURBO has no inherent utility apart from being traded as a meme coin. It is not used for any service or network function, and holding TURBO doesn’t confer any special rights or rewards. Its value comes solely from market speculation and community interest.

Who Created Turbo and why is it Called an AI-generated Meme Coin?

Turbo was created by digital artist Rhett Mankind in April 2023. He followed guidance from ChatGPT (an AI) to develop the coin’s concept, name (a frog-themed “TurboToad”), token supply, and launch strategy. Because an AI essentially “designed” the coin’s plan, Turbo is called an AI-generated meme coin. It’s a meme coin because it was launched as a fun, community-driven token with a theme intended to go viral (leveraging internet meme culture).

What Makes Turbo Different from Other Meme Coins?

Turbo’s origin and launch set it apart. It was conceived with the help of AI and launched via community crowdfunding with no central control. Most other meme coins (like Dogecoin or Shiba Inu) were created as jokes or had more centralized launches. Turbo’s fully renounced contract and AI-designed concept give it a unique backstory. Apart from that, it is similar to other meme coins in having no intrinsic utility and relying on community hype for value.