From Minnow to WHALE: The New $WHALE Structure
Original Cent post : https://beta.cent.co/WhaleShark/+kt5j92
David Loblaw, Running On
Boy has it been an eventful month for $WHALE!
With the launch of $WHALE Whales, to the launch of $WHALE Liquidity Mining, and the eventual reflection of price of these new initiatives on the foundation that the team has built since May 2020, we could not be more excited with the way that the $WHALE Community has been and continues to develop.
$WHALE has always been inherently valuable due to the backing of the assets in The Vault. This value continues to grow exponentially as The Vault expands in quantity and the rare NFTs that we have been acquiring since last year continue to become rarer and more valuable.
It is because of this value, that during our launch, we had NFTland record breaking attendance looking to participate in our airdrop.
It is however, also because of this inherent and growing economic value that we have seen short term profit-seeking and $WHALE dumping.
One of the key lessons that the team and myself have learned over the last few months is that $WHALE not only needs to be widely distributed and transactional, it also needs to be distributed to the right people.
People that participate in the Community. People that share a longer term vision. People that believe in $WHALE and all the the good things that it is and could become.
Aligned with this spirit of creating a stronger community, we are proud to announce our next $WHALE Evolution.
Through this new evolution of the $WHALE Community structure we are seeking to:
1, Keep information free, as it should and always be. The availability of information to learn from, whether that is about $WHALE, NFTs, Social Currencies or an area of expertise from our amazing guests, will always be free.
2, Ensure that airdrops, events, games and play-to-win rewards are being given to people who are truly vested in the $WHALE Community and our growth. Not people who are selling the moment they receive $WHALE.
3, Encourage HODLing and community over short-term profit seeking.
4, Ensure proper and valid voting processes for $WHALE events.
This structural change will only bring about changes to the Dolphin role. $WHALE Whales will continue to have access to the #WHALE-Whales channel through holding the required amount in their Metamask/ Roll account and Minnows (Free) will not need to do anything.
While we await for the mechanism to validate our Dolphin members’ $WHALE balances directly in their Metamask and Roll accounts (in development as we speak), we will be utilizing the Tip.cc bot in our Discord channel to “hold” balances:
1, Members can apply for the Dolphin role at any time.
2, Members can do so by going to the #bot-commands channel and typing “$store buy Dolphin”
3, Your “payment” will go to Alegria and the bot will automatically assign you the Dolphin role giving you access to all $WHALE Events, $WHALE Poker and other Dolphin and above opportunities.
4, On the 1st of each month, Alegria will return your full Dolphin role deposit, reset the Dolphin role roster, and members are free to apply again.
5, WhaleShark will insure the full amount of $WHALE deposited for the Dolphin role.
The first iteration of this new structure will be implemented on August 20th 2020 at 2359 Hong Kong (Thursday) so if you would like to have access to the $WHALE earning opportunities coming, do make sure you put down your fully refundable deposit.
You can start applying for your Dolphin role on Sunday evening, EST.
We will start the holding level for the Dolphin role at 10 $WHALE and it will escalate at a rate of 1 $WHALE per month.
Welcome to HODL to Play (H2P).
WhaleShark Out and $WHALE On!