WHALE

WHALE

WHALE
$0.604506343%-6.04

Key Metrics

Price$0.604506343
Real Volume (24H)$360,015.3
Marketcap$6,045,063.43
Fully Diluted Valuation$7,897,981
ATH$52.37
ATH Date3/13/2021, 11:04:39 PM
ATL$0.149698
ATL Date7/20/2020, 12:00:28 AM
Circulating Supply9.1M
Total Supply10M
WebsiteN/A
WhitepaperN/A
Popularity Rank1542
Chart
What is WHALE?

WHALE (WHALE) emerges as a unique social currency, backed by both tangible assets and non-fungible tokens (NFTs), while exemplifying scarcity through limited issuance. In a transformative departure from the gold standard era of the 20th century, traditional currencies lost their ability to establish a verifiable foundation of value and enforce a cap on currency issuance. This void was answered by the advent of cryptocurrencies, offering a more disciplined and immutable approach to issuing currency. However, the volatility and price fluctuations associated with cryptocurrencies rendered them unreliable and impractical for use as a medium of payment. Instead, they became tools wielded by whale traders, capable of assuming high-reward positions and dramatically impacting markets with their substantial holdings. Whales, in this context, refer to institutions, entities, individuals, and exchanges that possess significant amounts of a particular cryptocurrency. The absence of a stable asset class to anchor cryptocurrencies resulted in a turbulent landscape, subject to wild price swings and conflicting interests.

In response to this challenge, WHALE aims to fulfill the role of an asset-backed currency that derives its value from collectibles and digital art, rather than relying on gold as a traditional anchor. The platform seeks to strike a balance between wealth preservation and growth speculation through a meticulously curated "basket" of NFTs.

At the heart of the Whale ecosystem lies the WHALE token, serving as the platform's native currency. Token holders gain access to a diverse array of membership channels that offer engaging games, exclusive NFT airdrops, WHALE token airdrops, and valuable networking opportunities. The WHALE vault holds an impressive collection of NFT assets, encompassing renowned titles such as Gods Unchained, Sandbox Digital Art (CryptoArt), Avastars, CryptoMotors (CM), and Cryptovoxels, among others. These assets contribute to the intrinsic value of the WHALE token and enhance its appeal to a wide range of enthusiasts.

Delving into its historical context, the WHALE whitepaper underwent its last update on November 20, 2020. The total maximum supply of WHALE tokens has been set at ten million, ensuring a carefully managed issuance process that emphasizes scarcity and value preservation.

In conclusion, WHALE (WHALE) stands as a groundbreaking social currency backed by tangible assets and NFTs, designed to overcome the limitations of traditional and cryptocurrency-based currencies. By focusing on a well-balanced assortment of NFTs and incorporating them into the core of the platform, WHALE aims to establish a stable and reliable medium of exchange. The WHALE token grants holders access to exclusive benefits and experiences, fostering a vibrant community and providing opportunities for engagement. With a commitment to scarcity, value preservation, and the captivating world of NFTs, WHALE emerges as a trailblazer in the evolving landscape of digital currencies.

 
Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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