WHALE WHALE

What is WHALE?

$WHALE claims to be the first social token backed by the best NFT collection around. Stored within The Vault, this collection has been growing since 2019 and fundamentally underpins the value of $WHALE. The community since founding has been made up of notable people in the crypto art space. $WHALE was launched on May 18, 2020 as an Ethereum ERC20 token with the aim to allow anyone and everyone to become a whale through $WHALE.

$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 most sought after Non-Fungible Tokens (NFTs) in the industry ("the $WHALE Vault"). NFT Assets in the $WHALE Vault include some of the rarest NFTs from Gods Unchained, Rare Digital Art (CryptoArt), Cryptovoxels, Sandbox, Avastars and CryptoMotors (CM), among others.

The $WHALE 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. 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. $WHALE will create a virtuous cycle of appreciation through the curation, expansion and management of its underlying tangible and intangible assets.

TOKENOMICS

Only a total of 10,000,000 (10 Million) $WHALE will ever be minted. An overview of the total $WHALE allocation is as follows:

• Chief Partner and the team: 10% (Vested over 24 months starting May 2020)
• Community Distribution: 42.6% (Distributed at 40,000 $WHALE per month)
• Private Token Sale Fundraising: 10% (Vested over 20 months)
• $WHALE Foundation：37.4% (Vested over 120 months)

Out of the total supply, a minimum of 4,260,000 (4.26 Million) $WHALE will be reserved for community issuance and 1,000,000 (1 Million) $WHALE will be reserved for rewarding project founding Chief Partners and the $WHALE Team. The 4,260,000 (4.26 Million) $WHALE for community issuance can only be earned through a variety of $WHALE community engagement events, selling NFTs to the $WHALE Vault for $WHALE, as well as participating in engagement activities being held by $WHALE partners. The $WHALE reserved for community issuance will be allocated on a schedule of 40,000 $WHALE per month for a total of 80+ months.

A monthly breakdown of the issuance of $WHALE is as follows:

• $WHALE Team and Partnership Stipends - 10,000 $WHALE
• $WHALE Community Rewards - 10,000 $WHALE
• $WHALE Hold-2-Play Rewards - 20,000 $WHALE

A monthly budget of all $WHALE distributed versus budget will be kept during the month and provided for community inspection on a monthly basis. Any 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 3 activities above. The $WHALE Foundation is a yet-to-be-named charity trust that will be established to benefit disadvantaged women and children. All $WHALE holdings that WhaleShark has received from the project, deducting for additional operational costs, will be donated to this organization over a long term vesting schedule.