🎯Token Utility
All about $WHALES
Fee Structure
There is a platform fee incurred on each trade made through the OTC platform. The fee is then utilized for:
Revenue-sharing: 60% of the fees collected is redistributed to $WHALES token stakers.
Development expenses: 20% is allocated to cover ongoing development expenses
Buyback and Burn: 10% is used to buy back and burn tokens, creating deflationary pressure.
$LOOT revenue-sharing: 10% is shared to $LOOT stakers and $xLOOT holders.
Emission Strategy
$WHALES emission is designed to decay over time, ensuring early adopters are rewarded while controlling inflation.
Performance-based Emissions: emissions are tied to certain KPIs in terms of volume traded to ensure that emissions lead to protocol growth.
$WHALES holders can vote on these KPIs in a decentralized manner. This is also in line with the aim to reach a sustainable balance where revenue from fees is higher than $WHALES emissions.
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