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submitted by Zorro_42 to WHALE_Community [link] [comments] https://preview.redd.it/3tm9ighixv261.jpg?width=700&format=pjpg&auto=webp&s=cd961b0254b1a6a0c305509b646065de12623b50 $WHALE White Paper V2 6th June 2020 Website: www.whale.me Discord: https://discord.gg/whale Overview: $WHALE is a social currency that is backed by tangible and rare NFT assets, while embodying scarcity through definitive limited issuance. There will only ever be a maximum of 10 million $WHALE ever created, with the launch value of each $WHALE being underpinned by a basket of some of the rarest and sought after Non-Fungible Tokens (NFTs) in the industry (“The Vault”). 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. A full and detailed list of NFT holdings as well as transaction history can be found at the following address: https://opensea.io/accounts/0xe7079eec020ddfc3f1c0abe1d946c55e6ed30eb3/ The Vault is only one dimension that defines the value of $WHALE as a Social Currency. More important to the project is the growth of the community, the growth of $WHALE as a brand, and the growth of use cases for $WHALE as a Social Currency. 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 revenues potentially derived from the $WHALE project will be directly reinvested towards accumulating more valuable NFT related assets to drive capital appreciation and community engagement. TL;DR: $WHALE is a Social Currency with a value that will grow through: 1, Increase in $WHALE brand awareness, recognition and trust. 2, Increase in the prevalence of market use cases for $WHALE. 3, Increase in $WHALE community engagement, loyalty and activity. 4, Scarce currency issuance. 5, Tangible asset underpinning and valuation. 6, Value retention and capital appreciation of existing NFT assets. 7, Revenue generation through NFT rental and other NFT related activities. 8, Further accumulation of more valuable NFT assets. $WHALE will create a virtuous cycle of appreciation through the curation, expansion and management of its underlying tangible and intangible assets. The Problem: We live in a world where the average investor has access to two forms of currency: Fiat and Crypto. When the World abandoned the Gold Standard in the 20th century, Fiat as a currency, lost both the ability to have a provable base of value as well as a potential ceiling to currency issuance. Without a leash to control scarcity or concrete assets to underpin currencies, the risk of hyperinflation through the excessive printing of new Fiat to “sustain” and “support” economic growth is becoming a reality. At the time of writing, the United States has just initiated a US$ 6 Trillion stimulus package to combat the negative effects of the Covid-19 virus on its economy. This US$ 6 Trillion was neither earned nor accumulated… it was created out of thin air. The advent of Crypto or Cryptocurrencies immediately answered the call for a more disciplined and immutable approach to currency issuance scarcity. With a fixed amount of currency issuance already baked into the DNA of Blockchains, holders of Crypto can be assured that the issuance will begin, slow down and ultimately end. While Crypto resolved the challenges of scarcity, fluctuations in the prices of Crypto have made it unrealistic and unreliable as a medium and method of payment. It has more so, become a tool of Whale traders to assume large high-risk, high-reward positions to take markets on swings of anywhere between 20% to 50% on any given day. The lack of a stable asset class to underpin Crypto has resulted in it becoming a rag doll, torn between longs and shorts, highs and lows… the rich and the poor. The floor is as speculative as the ceiling. Enter $WHALE: $WHALE is a social currency that is backed by tangible and rare NFT assets, while embodying scarcity through definitive limited issuance. $WHALE is a return to true tangible asset backed currency, that instead of using gold, holds its value in digital art and collectibles, seeking to strike a balance between wealth preservation and growth speculation through a well balanced “basket” of the rarest NFTs (The Vault). NFT Assets in The Vault include 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), among others. 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 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 and 1,000,000 (1 Million) $WHALE will be reserved for rewarding project founding Chief Partners. The 4 Million $WHALE for community issuance can only be earned through a variety of $WHALE community engagement events, selling NFTs to The Vault for $WHALE, as well as participating in engagement activities being held by $WHALE Grantees. The $WHALE reserved for community issuance will be allocated on a schedule of 50,000 $WHALE per month for a total of 80 months. A monthly breakdown of the issuance of $WHALE is as follows: $WHALE NFT Acquisitions — 20,000 $WHALE $WHALE Grants — 10,000 $WHALE $WHALE Team Salaries — 5,000 $WHALE $WHALE Community Events — 15,000 $WHALE The remaining monthly balance due to the lack of issuance opportunities will be accrued and used at an appropriate and opportune time for one of the 4 activities above. A detailed list of existing and upcoming ways to earn and spend $WHALE is as follows: Ways to Earn $WHALE: 1, Sell NFTs for $WHALE. 2, Participate in community awareness competitions. 3, Participate in community marketing events. 4, Participate in Weekly $WHALE Poker Night. 5, Get tipped in the discord server. 6, Work for Team $WHALE. 7, Create exclusive $WHALE/ Old Money themed creations sponsored by $WHALE. 8, Perform work or services for WhaleShark. 9, Apply to receive a $WHALE grant. 10, Participate in $WHALE Tank, a VC for NFT projects funded by Social Currency. 11, Become a $WHALE expert and provide coaching to community members. Ways to Spend $WHALE: 1, Buy NFTs or NFT related services from $WHALE Partners. 2, Take a masterclass from $WHALE experts. 3, Buy exclusive NFTs from The Vault. 4, Rent digital properties owned by The Vault. 5, Employee the services of others who are willing to accept $WHALE. 6, Purchase exclusive $WHALE swag. 7, Purchase exclusive items from WhaleShark’s other businesses. 8, Purchase exclusive $WHALE themed NFT creations. 9, Attend exclusive virtual $WHALE conferences. The Vault: $WHALE Value Retention, Revenue Generation and Asset Acquisition As one of the dimensions of value for $WHALE, The Vault seeks to perform the role as a valuation floor to provide stable and even escalating fundamentals for $WHALE. In order to ensure the continued appreciation in value of $WHALE, we will execute on the following actions: 1, Retain capital appreciating assets (Strong Hands). 2, Sale of NFT assets only at the right prices. 3, NFT rental income from Blockchain based properties. 4, Creation of sales generating NFT related projects (Events, Publications, Collectibles). 5, NFT Donations and partnerships from $WHALE holders and partners. 6, Direct NFT donations from WhaleShark. As the largest holder of $WHALE, every single NFT that WhaleShark personally purchases now and in the future will be placed in The Vault to generate additional value and appreciation for all $WHALE holders. $WHALE Valuation: The base value of $WHALE is underpinned by the value of all assets in The Vault, which has been a labor of love and passion by WhaleShark since July 2019. The Vault is one of the most valuable NFT accounts in existence today. A general process used to build the assets of The Vault is as follows: 1, Identify the most promising AND long term NFT projects in the space. 2, Acquire the rarest and most valuable NFTs from those projects. 3, HODL and buy some more. WhaleShark has never sold a single NFT to date and continues to go wide as well as deep with new projects and more NFTs from successful projects. A snapshot of some of the NFT jewels in the Vault include: 1, 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. 2, The largest collection of Center parcels (and real estate closest to Center) in Cryptovoxels. 3, The largest collection of Hackatao, XCopy, Coldie and other blue chip Cryptoartists. 4, The largest collection of JOY. 5, 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 number of NFTs for each project listed above. Over the course of 9 months, a total of 5,000 ETH was invested into the acquisition process of this portfolio of NFTs and The Vault represents a curation of the creme de la creme of that process. Average returns for each project have been significantly positive and will continue to escalate with the successful adoption of the projects as well as the overall growth of the NFT space. In order to provide an impartial, independent and frequent assessment on the NFT assets in The Vault, NonFungible.com will provide a monthly report on both the balance as well as valuation of the assets. This report will be done independently of any opinions, comments or interference from WhaleShark or any of the other Chief Partners. $WHALE and The Vault Governance The ultimate goal for the governance of $WHALE is to move to a fully decentralized model whereby the tokenomics and assets in The Vault are managed autonomously through a DAO contract. The current status of DAO technology lacks tested security to hold valuable NFTs and the flexibility to actively manage NFT game assets and digital real estate. Upon confirmation of the above two points, $WHALE will be one of the first projects to take the leap and become truly autonomous in community based governance. In the meanwhile, with the trust of the $WHALE holders, WhaleShark will dedicate his time and energies in curating and actively managing the $WHALE Tokenomics, The Vault, and by proxy, the escalating value of $WHALE. A detailed ETH address of The Vault will be made transparent to the community and all transactions will always be open to scrutiny through OpenSea or Etherscan. It is not possible for a single individual to be an expert in all NFT projects and therefore, prior to the ability to use a DAO construct to vote on new NFT acquisitions, a group of Vault Experts will be established to recommend potential acquisition targets of pre-established projects. Currently we are looking at acquiring NFTs from CryptoKitties, Crypto Punks and Axie Infinity. About WhaleShark (By WhaleShark) My experience is founded in a successful track record across a variety of industries, functions and companies, that also includes being one of the most successful individual investors in the Crypto space (since 2012). I have a strong educational background from two of the most premier institutions in the world that includes 3 bachelor degrees (one is Econometrics) and an MBA. Over the course of the last 17 years, I have helped build, lead, acquire and sell companies across the world, and today, own several successful companies in the Artificial Intelligence, Retail, Traditional Finance and Brand Management industries. NFTs form a relatively small portion of my wealth portfolio and the primary driver for the development of $WHALE is to Give Back and Move Forward: Give Back: Not everyone has been as lucky as I have in this space. The old adage that Money begets money is true, as those with access to capital have greater access to better and more profitable opportunities. By creating $WHALE, anyone and everyone can be apart of this exciting financial journey as NFTs become mainstream and disrupt the traditional “Collector” industries. Move Forward Through $WHALE we can create a virtuous and infinite cycle of incremental value. With the increase in the relative value of $WHALE, and its expansion in utility, larger market making sales will result in more liquidity for NFT investment. We can move faster, stronger and more profitably together. References and Additional Information: $WHALE Community Twitter — https://twitter.com/whale_community $WHALE Community Cent — https://beta.cent.co/WhaleCommunity WhaleShark Twitter — https://twitter.com/WhaleShark_Pro WhaleShark Cent — https://beta.cent.co/WhaleShark Zima Red Podcast with WhaleShark — https://open.spotify.com/episode/4EoYFs6GvJx4eIak1KHVVg?si=ZaoTOkjsSzSOll9FacbbhQ TokenSmart Podcast with WhaleShark — https://open.spotify.com/episode/05tZbqqKGmaTofXlsxqK6Z?si=hM8C-RPwTYOo9dGifrej1w NonFunGerbils Podcast with WhaleShark — https://open.spotify.com/episode/7KfX80SXXAjqsacrMFAFoN?si=GrtjcUU7Q9i8uYOoTPfUdQ “The Golden Question: Why?” — By WhaleShark — https://beta.cent.co/+tys4xt The Original $WHALE Whitepaper (Obsolete, April 2020) — By WhaleShark — https://beta.cent.co/+of09ab |
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