What is $WHALE?
So first of all what even is $WHALE? $WHALE is the world's first social currency backed by high-value assets like NFTs, or non-fungible tokens! $Whale is also based on the Etherum blockchain, so that means is that it's an ERC-20 token. the main reason why it's an ERC-20 token according to one of the community members is that ERC-20 token is the fastest way to get the token out into the world. In other words, to conserve time. $WHALE also rewards users/creators for their participation and created artwork.
The future of whale is bright, it aims to have a slow but steady increase in price. Although it arguably is steadily growing, slowly? not so much it has grown 2000% percent since last month, and it's still going as of writing! You have to remember it only came out 109 days ago as of writing the potential of $WHALE is HUGE. I'll talk in more detail about whale below.
White Paper of $WHALE
now im gonna break up the summary into smaller parts to help better understand the white paper of whale and the future of it!
Rarity and Distribution of $WHALE
$WHALE is a social currency that is backed by tangible and rare NFT assets, while been scarce as only10 million $WHALE will ever be created, and here is a quote from the white paper about The Vault which I'll explain more later on:
NFT Assets in The Vault include some of the rarest NFTs from Gods Unchained (GU), Rare Digital Art (CryptoArt), Cryptovoxels (CV), Sandbox (SB), JOY, Avastars, Ethereum Name Services (ENS) and CryptoMotors (CM), among others.
The Vault is one thing that defines the value of $WHALE, but it's the more important to grow whale the brand and it's use case.
And here is a quote on how 5 million whales will be used to help the community and the partners!
A minimum of 4,000,000 (4 Million) $WHALE will be reserved for community issuance and 1,000,000 (1 Million) $WHALE for rewarding project founding Chief Partners.
All revenue will be used to buy more NFTs and improve community engagement, or be decided via voting through a DAO.
How Will $WHALE Increase in value
The Price or value of whale will increase via an increase in brand awareness, use case, and a more engaged and loyal community!
Whale is scarce so it naturally will increase in price. It also has Tangible asset underpinning and valuation. Also supported by existing NFT assets. And As I said earlier the revenue generation through NFT rental and other NFT related activities will all be put back into buying more NFTs, which in turn boost the value of whale from the accumulation of more valuable NFT assets. It's an endless cycle of appreciation of whale.
The Problem
It's long known that gold standards have been abandoned since the 20th century, so fiat has lost its backing and stability/reliability. With governments creating money out of thin paper. An example of that is the stimulus check, that's 6 trillion dollars created out of thin air! That's why more and more people are turning towards cryptocurrency for a more disciplined, and immutable approach to currency issuance scarcity. But most crypto is plagued with major swings and changes becoming more of a tool for whale(whale as in larger holder of crypto, not $WHALE the token) trader. So where does whale come into the play?
Where Whale Comes In
$WHALE is a social currency that is both backed by NFTs and has the scarcity! $WHALE is a return to a true tangible asset(NFTs) backed currency! All the NFTs are stored in the vault which I'll explain later.
And here is a quote from the white paper explaining why NFTs are a good choice to back whale up:
There is a key reason why the Super Rich continue to choose to safe harbor their wealth in rare artworks and scarce collectibles: In rarity, you set the price. The older, rarer and more popular the collectible, the stronger your bargaining power and negotiation leverage.
$WHALE Tokenomics
As mentioned earlier only a total of 10,000,000 (10 Million) $WHALE will ever be minted. Out of 10 million, a minimum of 4,000,000 $WHALE will be reserved for community issuance and 1,000,000 $WHALE for rewarding project founding Chief Partners. Now I have also heard from whale shark that the rest of the 5 million might be used as a trust or for charity, but that's mainly undecided.
The 4 Million $WHALE for the community can be earned in multiple ways I'll put a list up later.
There was a change in what the funds are going to be used for so here's a quote from the news article that has the updated policies from one of Whaleshark's post about what changed and what's the same
1, There will still be a total of 10,000,000 $WHALE ever to exist.
2, Out of that 10,000,000 $WHALE, 10% will continue to be reserved for Chief Partners in a both upfront and vested mechanism.
3, A total of 4,000,000 $WHALE will continue to be earmarked for distribution through a different mechanism versus market making.
4, I will continue to hold 5,000,000 $WHALE but will aquiesce to a further distribution at the right time.
In line of the original market-making plans, we will be injecting the community with $WHALE at 50,000 $WHALE per month which will be used to:
1, Directly purchase NFTs from creators and projects - 35,000 $WHALE
2, Fund $WHALE community campaigns - 5,000 $WHALE
3, Pay for the $WHALE team - 5,000 $WHALE
4, Provide $WHALE grants - 5,000 $WHALE
The remaining unused $whale will be recycled for ^ those events later on.
There's more about WhaleShark himself and the vault, but I'll make a dedicated section for that.
Extra Info About the White Paper
if you want to read the full detailed version of $Whale white paper click here
The Vault
Now after talking about the vault soo much you must be wondering what the vault is right? So the vault as people call it is the place where all the NFTs are kept which if you want to take a look it's linkedhere. you can also see the transaction history and such if you want there.
And if you were too lazy to look at what's in the vault. There's basically around a million dollars worth of NFTs stored in The Vault as of now. The Vault includes some of the rarest NFTs from Gods Unchained (CV), Rare Digital Art (CryptoArt), Cryptovoxels (CV), Sandbox (SB), JOY, Avastars, Ethereum Name Services (ENS) and CryptoMotors (CM), etc.
Now for the full detail about the assets and the vault I suggest visit here for more info. There you'll see the methodology, vault global overview, portfolio value distribution, percent of the supple owned, etc. So if you're interested make sure to go check it out. Also here is a link to $WHALE discord for any additional question.
The Future Of Whale
Enough of the present let's talk about the future of whale. As I said earlier the future of whale is bright. Since July 14th whale has risen 4005%!!!
Whale has risen as fast as the inverse square law. You may have noticed a recent stall in price, that's largely because of the huge eth gas fee currently and a small Retracement which in most cases is normal.
Price Prediction(9/1/2020)
It Also seems that whale will hit it's resistance every 1.5$. As of now periods of large quick pump seem to have stalled and turned into a more steady and slow but more reliable slope upwards until the next wave comes along and pump it possibly to 7 to 10 $+. $WHALE was designed to be a steady constantly growing coin not a pump n dump or even a stable coin the future of whale is bright but it also going to reply more and more on the community hodling whale. Currently, whale seems to have a problem getting back, and also eth is starting to drop so expect a retrace to around 4.5 $. This is your golden chance to enter the whale market! Another bull run for whale is expected soon it will most likely go past the resistance of $6.5 and to a possible $7.5. You have to remember that this is NOT a pump and dump token, and its NOT a get rich fast coin. It aims to have sustainable growth over a long period. Also, note that this is aimed at a stable growth so whenever there's a big pump it will most likely dump to the original trend.
Price prediction(9/18/2020)
It turns out that my prediction was off by a bit but its still on the trend. I hope that this image might be able to help you visualize what the general trend looks like. I would say next big resistance would be around $12 - $14. After pasting the dump it should recover and heads towards $18-20 dollars. signs of possible dump are when the price flatten off and begin to slipe. There's also another more conservative trend shown below.I can expect a dump within this month, but also a possiblity that it will hit $18 late this month or possibly early next month.
What Do I Expect From Whale This Year?(9/1/2020)Well if whale keeps on growing at the current rate its almost certain that it will break into the top 250 coin list or even the top 200! Since the whole philosophy of whale is slow and steady growth. So I would expect them to focus more on the mining pool as well as H2P. Which they're actively doing they have cut down on funding for events that might cause a whale dump like airdrops and such. Cutting the budget for events and airdrops allows them to allocate the whale to a more useful area that will benefit both the community and the value of whale. For example, the 10k whale moved from airdrop/event to mining and H2P. It essentially handing them over to the right people that believe in this project rather than an airdrop and dump.
9/18/2020 update
Dao-WHALE and Dao was added so in the future expect even'ts and propossals from them and some of the funding/profit can be voted on to be allocated so i would expect a pesentce of the roel
Prediction on Growth of Community
I would expect that WhaleShark will keep partnering with other influencers or founders, bring new people into the whale world. $WHALE discord server has attracted thousands of people to participate and learn about $whale I would expect that to keep going as long as that there are interesting events constantly and with a strong community that we have whale will become an unstoppable force in the future. I would also expect the whale Reddit to pick up some heat and get started as well. here's the link for $WHALE discord if you want to check it out, and here's a link to $WHALEreddit.
live $WHALE Price/Charts
How Do I Buy $WHALE?
Now after reading about That much about whale you must be interested right? Well, the quickest and also the easiest way to get whale has always been buying them on uniswap, a decentralized Ethereum exchange. Here I'll provide a simple guide to get started.
1. Get an ETH Wallet If You Haven't Gotten One
here's a link to the google extension store of metamask
:https://chrome.google.com/webstore/detail/metamask/nkbihfbeogaeaoehlefnkodbefgpgknn?hl=en-US
2. Adding $WHALE contact to METAMASK
After clicking on add token, enter the token address “0x9355372396e3f6daf13359b7b607a3374cc638e0” and click Next:
3. Connect Your ETH Wallet To Uniswap
Go to Uniswap for ETH-$WHALE link here, and connect your wallet by clicking connect wallet and selecting the ETH wallet of your choice (Metamask recommended)
After connecting your wallet deposit some eth, and happy trading!
How Do I Earn $WHALE?
We all have been there where we're tight on budget and can't necessarily buy a promising coin/token so here are a few ways to earn them. by selling NFTs for $WHALE. Or participate in community awareness/marketing events, for example, "Whale to the future" event with 500 $WHALE(~$2400) prize pool. There's also weekly $WHALE Poker Night, frequent airdrop/tips on the whale discord. The most obvious one of them all is probably performing work or services for WhaleShark or the whale team. Like for example im currently actively helping on the translation of whale to Chinese. Generally its 3 whales for proofreading and 20 whales for translation. But if you want to help the growth of the project and earn whale at the same time I suggest you look into the hold-to-play (H2P) structure. Or implementation of liquidity mining which allows you to "mine" whale by providing liquidity. it's in a similar fashion as POS, I'll talk more later on.
There's also $WHALE NFT Mining which sums it up in this quote from WhaleShark.
Introducing $WHALE NFT Mining where you can "stake" the NFTs that YOU create, on YOUR own contract, to earn MOAR $WHALE.
Hodl to Play
Hodl to Play or H2P is one of the more official ways to earn $WHALE while supporting the $WHALE token fewer people selling mean higher the price/ more money for you. To participate in the hodl to play you can either "buy" the lower valued dolphin role or connect your metamask account with 550 whale as of writing to become a $WHALE-whale.
To become a dolphin all you need is 11 whale as of writing(9/6/2020), the price of dolphin will increase by 1 whale every month, but your viturally guaranteed to get at least 1 whale a month with access to dolphin channel on discord so I highly advise you to join the $WHALE server.. If you want to be a dolphin please follower the following step carefully:
1. Deposit the Amount of $WHALE Needed to Buy Dolphin
The price of dolphin will vary by month you can check by typing $store in #bot-command on the WHALE server.
After checking the price of whale you can deposit whale by DMing tip.cc with $deposit whale
2. Buying Dolphin
Go back to whale discord after you have finish depositing in the bot channel type $store again to check you have the right amount and you can also check your total Whale balance by typing $Bal. You can now type:
$store buy dolphin
after That, it will prompt you to a confirmation which you just need to say yes.
If you decide to buy or own 550 $WHALE you can follow the following instruction to become a $WHALE-whale and earn at least 50 $WHALE a month. Remember that the $ WHLAE role will also increase in price monthly. every month the amount of $WHALE needed to become a $WHALE-whale will increase by 50 $WHALE. $WHALE-whale might come with a prodigious price tag but it also brings HUGE Member Benefits. Like for example, you get a Guaranteed response from WhaleShark on all requests for information, considerations, and advice within 24 hours unless vacation time is notified.
Or Real-time announcements on investment in new projects and NFTs entering The Vault. If that doesn't interest you a total of 5000 $WHALEwill be distributed to $WHALE-WHALES channel members! It will also give you more earning opportunities in experimental $WHALE events, or even Limited edition NFT and physical collectible drops and draws, including goods from $WHALE and E1337!!!IT also includes a free CV Parcel (1 parcel) or Sandbox (1 LAND) rental starting on 1/1/2021. Not just that be a $WHALE-whale WhaleShark will insure on your $WHAlE Tipbot deposits up to 500 $WHALE!
The Tipbot Guarantee. Tipbot deposits guaranteed up to 500 $WHALE. If any rogue bot runs off with your money, WhaleShark has you covered.
Now, here's the requirement needed to get into the $WHALE-whale club, it's surprisingly simple:
1. Make sure that you have at least 550 $WHALE in your roll or metamask wallet.
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Type !join Whalewhales in bot-command and you receive a DM from a bot with the tag Collab.Land#6372 asking you to connect the Wallet where you have your 550 $WHALE stored.
![enter image description here]()
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After connecting your wallet your all set!
Here are a few things to watch out for when you become whale directly from WhaleShark!
1, Required $WHALE holding levels to access this channel will increase by 50 WHALE per month i.e. in September 2020 it will be 550 $WHALE.
2, At any point in time, if your balance dips below the required $WHALE holdings, access to #WHALE-WHALES will be restricted.
3, Contents and discussions of the #WHALE-WHALES channel should be kept as confidential as possible to maintain the exclusivity of the channel.
4, Sharing of screenshots of discussions within the channel without prior consent will result in a ban from #WHALE-WHALES.
5, Any changes to Member Benefits will be announced 3 months before the change. Note that depending on the demand for $WHALE-WHALES, there is the potential of membership and benefit tier-ing in the future.
We fully believe that $WHALE-WHALES enhances the mission of rewarding the right people for the right community engagement.
$WHALE Mining liquidity mining
In my opinion, $WHALE mining liquidity mining is probably the best way to both earn and help the project at the same time. Same with H2P there will be a total of 5000 $WHALE allocated to liquidity mining. How it works is you receive the amount of whale by the percentage of the liquidity you have provided. So let's say you provide 1% of the whale liquidity you'll receive 50 whales a month! On top of that, you'll also receive the 0.3% pool fee paid to liquidity providers. Now the minimum is to provide at least $225 $WHALE and $225 ETh(as of 9/12/2020) now if you don't have the amount needed then you can join a whale pot aka mining pool! One thing to note is that like H2P the liquidity will increase $50 every month.
here are a simple introduction and guide to liquidity mining and whale pod.
How to Mine $WHALE
First of all, go to whale uniswap pool, after that you'll then see
of which you can add $WHALE and eth at 50/50 ratio combine to a total of 550(increases $50 a month), Then click supply and you'll get prompt to confirm supply. After confirming, then congratulation your successively in the program and will be mining whale based on the share of the pool. $Whale will be credited to you at the end of the month automatically from WhaleShark.
Whale Mining pools(aka whale pods)
Whale pods are mainly for people that don't hold enough $WHALE to participate in individual liquidity mining or too lazy to do the steps above. There's currently 3 main whale pods, Whale Pod, Pride pod, and Whale punk. Each is unique in there own way to accommodate the taste of different people. So here's a quote from $WHALE discord server, and for more info please visit their website or discord server!
Whale pod:
This is the first Community Pod. Participating requires a minimum of $50USD of liquidity. Community members may join Whale Pod at any time, rewards will be made on a pro rata basis for those that join mid-month. Each month the rewards are distributed to members of the mining pool based on the % contributed, less a 10% fee to cover the operation and management of the pool.
Discord link: https://discord.gg/XrSMQUEPride Pod:
The Pride Pod uses the standard ETH-WHALE pairing for providing liquidity, with plans to implement a 'DeFi-Double-Dip' method if the participants are in agreement. At the beginning of the October LP mining reward cycle, so long as gas fees are manageable, the entirety of the Pride Pod liquidity will be moved to an aETH - WHALE pairing. $aETH is a token pegged to the corresponding ETH at a 1:1 rate. issued via the Aave Protocol, and will increase the rewards earnable from the Pod by allowing participants to earn interest on the provided ETH; as well as earning $LEND and reputation, both of which will be utilized in the near future to participate in governance of the platform.
BlogPage: https://rb.gy/iyaz0rWhale punk:
A requirement of 5 $WHALE minimum on a monthly basis. The goal of this pod is to raise our liquidity and compete with other PODs. Whale Punks focuses on accessibility for everyone and distributes the appropriate share of the liquidity reward (shared between all individual contributors and pods) to members. Also, Whale Punks members get a small MNFT contribution with your monthly $WHALE return.
More Info: https://whalepunks.com/
$WHALE Dao Has Launched!
You may or may not have heard, but DAO has just recently launched. The launch of DAO was in the spirit of community governance and to fulfill the promise to the $WHALE community to transition $WHALE to a DAO structure of governance and management. The DAO role is another H2P role, but will only be in store for a limited amount of time. So if you want to be able to vote or propose events, I advise you to do it now than later.
WHALE DAO Mechanics
Two roles will be created for $WHALE DAO: "DAO-Whale" and "DAO". DAO-Whale will have the ability to make 2 proposals per month and vote, Which DAO role will only give you the ability to vote. Once you brought the DAO role you'll automatically gain access to the DAO channel and your whale will also have a lock-up period of 6 months, similar to $WHALE and dolphin(the 2 other H2P roles).
The staking price for the "DAO-Whale" role is 1,000 $WHALE and $WHALE"DAO" role for 500 $WHALE. So I would say that DAO- Whale is a better "value" as you get the opportunity to make proposals. And last just a reminder that enrolments ends on Oct 8
$WHALE DAO Governance:
Here are a few things to note with $WHALE DAO. There needs to be a total of 50 DAO-Whales and DAOs participating for Proposals to be valid. And the minimum votes required for a proposal to be effective is 31(votes as in Yes, No, Abstain). ALTS ARE NOT ALLOWED, YOU'LL LOSE ALL YOUR STAKED $WHALE IF FOUND!!! So please don't do it, 1 vote is 1 vote no matter who that vote is from. And it's also very important that you don't make more proposals than the monthly allowance, you'll receive 3 warning before been kicked from DAO and lose the staked $WHALE! All $WHALE forfeited are distributed to the remaining $WHALE DAO members.
Some Example of proposals
Here's a quote from WhaleShark on what you can expect to be able to propose:
3a, Kick/ ban members from Discord
3b, Moderator/ Junior Moderator/ Advocate nominations
3c, Moderator/ Junior Moderator/ Advocate demotions
3d, $WHALE Events additions and removals
3e, $WHALE Competition proposals
3f, Changes to $WHALE monthly budgeting
How to Buy DAO roles
Buying DAO roles is very similar to buying dolphin, But You'll have to join $WHALE discord to do so.
1. Deposit the Amount of $WHALE Needed to Buy the role
The price for DAO is 500 whale and DAO-Whale is 1000. You can deposit whale by DMing tip.cc with: $deposit whale
2. Buying DAO roleAfter you have finish depositing, in the bot channel type $store again to check you have the right amount and you can also check your total Whale balance by typing $Bal.
You can now type the following to purchases DAO:
$store buy dao
and this for DAO-Whale:
$store buy dao-whale
after That, it will prompt you to a confirmation which you just need to say yes (if you want to buy).
And that's it, if there's an error please contact a mod for further assistance.
Conclusion
The future of whale is something that has endless possibilities, but from its current trend getting into the top 200 territories seems like an imminent thing. $WHALE on the day of writing has broken the $8 resistance and potentially even break $10 this week! There are many ways of earning whale I personally like hodling the best and the occasional community event is really fun to participate in for example this post for whale to the future event took a total of 17 days and tens of hours of work. But all in all, it was good fun writing for whale. I would say that $WHALE is truly the only good thing that happened in 2020 anyways hope you stay safe and have fun in the whale server!!!
9/18/2020 update
DAO has been added, A step for The $WHALE community to transition $WHALE to a DAO structure of governance and management.
Disclaimer/Resource
Disclaimer: I do not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your due diligence and consult your financial advisor before making any investment decisions.
Disclaimer: Every financial investment has risk involved, so are H2P and liquidity mining the value of one asset might drop, or a bank run could occur for liquidity miners.
Disclaimer: I do not uphold any responsibility if your whale gets scammed, stolen, or lost.
Notes
You can use any eth wallet that you want/have to store whale. As long as you can storing ERC-20 token in it and you TRUST it.
Note: Discord is the main hub for whale activity, although Reddit and telegram are also starting up.
links
Discord link for $WHALE https://discord.gg/whale
whale uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x9355372396e3F6daF13359B7b607a3374cc638e0
here's more info on whale life price liquidity transaction etc. :https://uniswap.info/token/0x9355372396e3f6daf13359b7b607a3374cc638e0
WhaleShark twitter: https://twitter.com/whaleshark_pro
$WHALE website: https://whale.me/
WhaleShark's articles (they are great btw):https://beta.cent.co/WhaleShark/+iv8dk9
The Vault: https://opensea.io/accounts/0xe7079eec020ddfc3f1c0abe1d946c55e6ed30eb3/
