Instantly Interpret Free: Legalese Decoder – AI Lawyer Translate Legal docs to plain English

Unlocking Legal Jargon: How AI Legalese Decoder Can Help Navigate the Rise of AI-powered Turbo Memecoin

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

## AI-Powered Turbo Memecoin Sees 40% Surge Amid Growing U.S. Trend

Turbo (TURBO), an AI-generated memecoin, has seen a remarkable 40% surge in the past 24 hours, capturing the attention of investors in the United States.

Currently trading at $0.001105, TURBO has soared over 100% in the last week, with its market capitalization exceeding $70 million and a 40% increase in just 24 hours. The token’s trading volume hit $37 million, a significant uptick of 160%.

AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend - 1
TURBO 24-hour price chart | Source: CoinMarketCap

Created by digital artist Rhett Mankind, Turbo Token was developed using artificial intelligence (AI) as an experimental approach to cryptocurrency creation. Mankind utilized GPT-4 to generate the memecoin’s concept, including its tokenomics, the whitepaper, and smart contract code. The AI-generated components were further refined with input from the community.

After launching the token’s website, setting up its account, and deploying the token by establishing a liquidity pool, Mankind encountered a challenge when a bot quickly depleted the pool due to limited initial funds. Seeking solutions, Mankind turned to the AI for alternative funding options, ultimately deciding on community crowdfunding.

This new arrangement led to a total supply of 69 billion tokens, with 9 billion held by Mankind and the remaining 50 participants contributing through crowdfunding. Notably, the highest individual pledge ranged between $200 and $300 in Ethereum (ETH), resulting in a total crowdfunding amount of $6,669.

Currently, Turbo is listed on more than 30 cryptocurrency exchanges, including OKX, Gate.io, HTX, and Bitget.

The recent surge in TURBO’s value aligns with a 3.7% overall increase in the memecoin market over the past 24 hours, as well as a 2.3% gain in the global cryptocurrency market. Additionally, Bitcoin saw a 3% rise, reaching approximately $63,300 during the same period.

### How AI legalese decoder Can Help:

The AI legalese decoder can play a crucial role in ensuring the transparency and legality of the development process of memecoins like Turbo Token. By using advanced AI algorithms to analyze and interpret legal documents, it can assist in verifying the compliance of tokenomics, whitepapers, and smart contract codes with regulatory requirements. Additionally, the AI legalese decoder can aid in identifying potential risks and providing recommendations for improving governance structures, ultimately contributing to the sustainable growth and success of memecoin projects like Turbo Token.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link