Sui ecosystem DEX Turbos Finance will launch its IDO on May 12th.

BlockBeats News, on May 9th, Sui ecosystem DEX Turbos Finance, invested by Jump Crypto, announced that it will launch IDO. The IDO will last for two days from May 12th at 10:00 UTC and will be held on Turbos Finance's native accelerator, TurboStar. In addition, the team has also announced the project's token economics. The maximum supply of TURBOS is set at 10 billion, with the allocation plan prioritizing the platform's sustainability and survival. The team holds 18% of the total allocation, while investors hold 15%. The fund pool, including IDO, IE0, and partners, accounts for 12% of the total allocation, while 5% is allocated for marketing and operations. 50% is used for mining and rewards.