🚀 The rocket is fueled and preparing for launch,
THE COUNTDOWN IS UNDERWAY!
Thank you to everyone in our extended Whaleshares and Bitshares family. Your continued support and belief in the Whaleshares project and in each other in the community keeps us going. We are thankful for every upvote, resteem, share, tweet, meme, and post you support us with.
and now...
📝 THE ANNOUNCEMENT YOU'VE BEEN WAITING FOR:
As promised, I am happy to announce the Whaleshares Sharedop SNAPSHOT has been taken. The official snapshot was from Bitshares Block 29222369 at 2018-08-01 03:18:51 UTC.
Final Sharedrop Distribution Amounts
Here are the final sharedrop supply and drop ratios for BTS, Brownie.pts and WHALESHARE tokens.
Initial WLS Supply = 21 Million
18,900,000.000 WLS to Sharedrop on Token Holders
Whaleshares = 2.1 Million drop on 250,000 Supply
Brownie.pts = 2.1 Million drop on 9,400,000 Supply
Bitshares = 14.7 Million drop on 1,777,494,274.2983203 Supply (updated)
Distribution Ratio per 1 Target Token held:
WHALESHARE/WLS = 8.400000
BROWNIE_PTS/WLS = 0.223404
BTS/WLS = 0.008270 (updated)
Native WLS tokens will be reserved for Bitshares accounts holding any of these tokens at the time of the snapshot.
The process for verifying your Bitshares account and claiming your WLS Sharedrop will be announced with the pre-launch (Open BETA). WLS claimed by the sharedrop will be applied to your Whaleshares accounts as WHALESTAKE, vested (powered-up) WLS.
EDIT NOTICE: It has been decided that, since this project is intended to support the Bitshares Community and Native Bitshares DEX, all centralized exchange accounts have been removed from the sharedrop. There was little chance of centralized exchanges honoring the WLS token sharedrop to the individual account holders anyway. The updated BTS distribution is a supply of 1,777,494,274.2983203 with a sharedrop ratio of 0.008270 WLS per BTS. The difference of 'unclaimed' WLS from this change will be added to the account creation reserve pool.
UPCOMING DATES:
Pre-Launch (Open BETA)
Wednesday, August 15, 2018
We will open the Whaleshares platform up for early access to anyone wanting to create accounts in exchange for WHALESHARE tokens. The process and number of WHALESHARE required to create an account will be announced on August 15th when the pre-launch opens. This means the WHALESHARE tokens you have been holding for the sharedrop can also be used to help others create accounts too. During the Open BETA you will be able to use all the functionality of the platform to post, comment, vote, share, and earn WLS rewards. Power Down will not be active at this time.
Full Launch
Saturday, September 1, 2018
The Whaleshares platform will open for normal use. After the sharedrop period is over (September 15th) you will no longer need WHALESHARE tokens to create accounts , and anyone is free to sign up. Power Down will not be active at this time.
Power Down Activated
Monday, October 1, 2018
The Power Down function will be activated allowing users to convert vested "WHALESTAKE" into liquid WLS that can be transferred to the Bitshares DEX. At this time EasyDEX and RuDEX have announced that their bridges/gateways will ready at this time to transfer WLS in/out of Whaleshares to the DEX.
Whaleshares Whitepaper
We are putting the final touches on this living document and will have that posted before the August 15th Open BETA.
Whaleshares Terminology
These are a few common terms that will be used on the Whaleshares platform.
WLS
WLS is the native token of Whaleshares. This is the token you will be able to transfer in/out of the platform to the Bithares DEX.
WHALESTAKE
This is your vested (powered up) WLS holdings. The more WHALESTAKE you hold, the higher your max reward value is. There is no secondary pegged asset on Whaleshares, all of your earned rewards are given in WHALESTAKE. To remove earnings from the platform you will have to Power Down a set amount of WHALESTAKE which converts it to liquid WLS.
MANA
MANA is the % of voting power your account has. Each time you share/reward a post or comment your MANA is reduced by 2%. MANA is recharged at a rate of 20% per day. MANA and WHALESTAKE are used to calculate your reward value.
WHALECOINS
Also, referred to a Whale Tokens. These are User Issued Assets that anyone can create on the Bitshares DEX which can be used for rewards or community contests and initiatives on the Whaleshares platform. They are called "Whale" coins because as you grow your WHALESTAKE over time and become a whale, you can leverage the value of your token to help others in the community.
More information will be announced in the coming days an weeks.
Stay tuned for official announcements and exciting contest and initiatives at each step of the way.
