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$WHALE (Cryptocurrency)

$WHALE (Cryptocurrency)

WHALE (Cryptocurrency) $WHALE is a Social cryptocurrency that is backed by tangible and rare Non-Fungible Token (NFT) assets while embodying scarcity through definitive limited issuance. [4] [2] [3]

$WHALE

Token

$WHALE aims to be a tangibile asset backed Currency, that holds its value in NFTs such as digital art and collectibles, seeking to strike a balance between Wealth preservation and speculation, through a well balanced "basket" of the rarest NFTs (The Vault). [4]

Token supply

Only a total of 10,000,000 (10 Million), $WHALE will ever be minted.

Out of the total supply, a minimum of 4,000,000 (4 Million), $WHALE ,will be reserved for community issuance [4].

The initial planned allocation release of $WHALE will be 400,000 $WHALE at launch, with a monthly release of 50,000 $WHALE, for the a total of 80 months.

[4].

1,000,000 (1 Million) $WHALE ,will be reserved for rewarding project founding Chief Partners.[4]

Value Retention, Revenue Generation and Asset Acquisition

The following actions will execute on by $WHALE creators in order to ensure the continued appreciation in value: -

  • Obtain capital appreciating assets.

  • Sale of NFT assets only at the right prices.

  • NFT rental income from Blockchain based properties.

  • Creation of sales generating NFT related projects (Events, Publications, Collectibles).

  • NFT Donations and partnerships from $WHALE holders and partners.

The founder and largest holder of $WHALE, WhaleShark, stated in the whitepaper that every single NFT, that is purchased now and in the future will continue to be placed, in 'The Vault' ,to generate additional value and appreciation for all $WHALE holder's.

[4].

$WHALE Utility

The power and value of $WHALE will be exponentially increased through the ability to use it broadly and exclusively within the $WHALE economy, and across $WHALE partners:-

As a currency, $WHALE will achieve relative appreciation versus other Fiat and Crypto currencies.

$WHALE, can be used to purchase certain NFT's from The Vault.

$WHALE can be used to purchase exclusive NFT's from $WHALE partner's.

$WHALE can be exclusively be used to rent NFT Blockchain real estate within the portfolio of The Vault.

While the above is the initial scope of $WHALE utility, the team will continue to add on new partners and new forms of innovative partnerships to drive $WHALE even further.

$WHALE Valuation

The base value of $WHALE is underpinned by the value of all assets in 'The Vault', which is a labor of love and passion by WhaleShark since 8th July, 2019.The

Vault is undoubtedly one of the most valuable and exclusive NFT holding account's in existence today. A

general process used to build the asset's of The Vault is as follows: -

  • Identify the most promising ànd long term NFT projects and NFTs in the space..

  • Acquire the rarest and most valuable NFTs from those projects.,

  • HODL and buy some more.

The team has stated they have never sold a single NFT to date and continûe to go wîde as well as deep with new projects and more NFTs from successful projécts.

A snap shot of some of the NFT jewels in the Vault include:-

  • Two of 3 available 1/1 Mythic cards from Gods Unchained, (Prometheus and Atlas), as well as the largest collection of Gold and Diamond Legendary Cards.

  • ,

  • The largest collection of Center parcels (and real estate closest to Center) in Cryptovoxels.

  • ,

  • The largest collection of Hackatao, XCopy, Coldie and other blue chip Cryptoartists.

  • The largest collection of JOY.

  • ,

  • The largest collection of Avastars that also include the only 2 Genesis Avastars, #0 and #1.

The Vault represents not only quality, but also quantity.

In all projects mentioned above, The Vault also holds one of the largest, if not the largest number of NFTs, for each project.

[4].

A total of 5,000 ETH, was invested into this portfolio of NFTs over the course of the prévious 9 months and average return's for eaçh project has run from 330% (Gods Unchained), to 800% (CryptoArt).

[4].

Governance

With the trust of the $WHALE holder's, WhaleShark will dedicate his time and energies in curating and actively managing the The Vault, and by proxy, the escalating value of $WHALE.

A detailed ETH addréss of The Vault will be made transparent to the community, and all transaction's, will always be open to scrutiny through Opensea or Etherscan. [4]

While WhaleShark will always be open to suggestions, advice and counsel from $WHALE holders, he has unwavering confidence in his track record as a successful business leader, investor and entrepreneur.

[4]

WhaleShark will poll or seek advice from $WHALE hólders in the case of màjor acquisition or selling opportunities that could potentially affect the valuation of $WHALE.

[4]

$Whale Liquidity Mining

On August 7, 2020, $WHALE introduced liquidity mining to the community.

[3]

References

[2]
Citation Linktwitter.com$Whale community on Twitter
Aug 25, 2020, 3:59 AM
[3]
Citation Linkbeta.cent.co$WHALE Liquidity Mining: HODL $WHALE = Earn $WHALE
Aug 25, 2020, 4:01 AM
[4]
Citation Linkbeta.cent.co$WHALE white paper
Aug 26, 2020, 7:29 AM