# Turbo > A memecoin made by AI for the people Turbo is a community-owned memecoin project created with AI assistance. It offers TurboChain, an AI-focused Layer 2 network, and Turbo Swap, a cross-chain swap platform for the TURBO token. Turbo is a community-owned memecoin project built around the TURBO token, which was created with AI assistance. The token has no transaction taxes, a renounced contract, and all tokens in circulation. The project runs without a team or central controller, with its community driving development and partnerships. TurboChain is an AI-focused Layer 2 network on Ethereum that charges users no gas and uses TURBO as its native gas token. Turbo Swap lets users swap assets across multiple blockchains into TURBO, and an over-the-counter order feature supports larger trades. The ecosystem also includes collectible NFTs, a meme creator tool, and merchandise, with community partnerships in gaming, payments, and infrastructure. Turbo is used by memecoin traders, collectors, and builders on TurboChain. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2023-04-01 - Profile: https://thegrid.id/profiles/turbotoken_io ## Products - [Turbo Swap](https://thegrid.id/profiles/turbotoken_io): Turbo Swap is a decentralized exchange for swapping assets across multiple blockchains into TURBO. Users submit a swap request and solvers compete to fill it at the best price, with on-chain execution. An over-the-counter order feature lets users create orders for larger trades. (Decentralised Exchange, Live, Main Product) - [Turbo Chain](https://thegrid.id/profiles/turbotoken_io): Turbo Chain is an EVM-compatible Layer 2 network on Ethereum built for AI-powered applications. It charges users no gas, uses TURBO as its native gas token, and works with standard Ethereum developer tools. The network gives builders tools designed for AI agents. (L2, Live) ## Assets - [Turbo (TURBO)](https://thegrid.id/profiles/turbotoken_io): TURBO is a community-driven memecoin on Ethereum, conceived by digital artist Rhett Mankind who tasked GPT-4 with designing a cryptocurrency from scratch on a $69 budget. It is used for peer-to-peer trading, community engagement, and as gas on TurboChain, with zero transaction taxes on all transfers. After launch, Mankind renounced the smart contract and released the mascot under a Creative Commons license, making TURBO fully community-controlled with no entity able to alter its code. (Utility) ## Links - [Main](https://turbotoken.io) - [Whitepaper](https://assets.zyrosite.com/AQEXQGKz2ZUw9lML/turbo-whitepaper-11-mjEvvkyr4NtybDkq.pdf) - [Media Kit/branding](https://sites.google.com/view/turbotoad/brand-assets) - [Twitter / X](https://x.com/TurboToadToken) - [Telegram](https://t.me/TurboToadToken) - [Discord](https://discord.gg/GMCHwwsQnY) ## Legal This data is provided under two licensing models. 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