๐ŸŽฏToken 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:

  1. Revenue-sharing: 60% of the fees collected is redistributed to $WHALES token stakers.

  2. Development expenses: 20% is allocated to cover ongoing development expenses

  3. Buyback and Burn: 10% is used to buy back and burn tokens, creating deflationary pressure.

  4. $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.

Last updated