WHALE
Crypto Overview
Overview
WHALE is a social token backed by high-value NFTs and digital collectibles. The project was created by WhaleShark, a prominent NFT collector, with the token serving as a way to gain fractional exposure to a curated collection of valuable NFTs and digital assets.
Intended Utility
The primary purpose of WHALE is to provide token holders with fractional ownership in a professionally curated NFT portfolio. The token is backed by the WHALE Vault, which contains valuable NFTs, virtual real estate, and other digital collectibles. Token holders can participate in governance decisions regarding the vault's management and benefit from potential appreciation of the underlying assets.
Actual Utility & Adoption
The token is actively used for its intended purpose, with the WHALE Vault maintaining a substantial collection of digital assets. The project has established partnerships within the NFT ecosystem and maintains transparency through regular vault valuations and community governance.
Token Distribution & Founder Analysis
The token distribution includes vesting periods for team allocations, with WhaleShark maintaining significant public visibility and accountability in the project. The founder has established credibility in the NFT space prior to launching WHALE and continues to be actively involved in portfolio management and community engagement.
Technology & Revenue Model
The project operates on the Ethereum blockchain and does not involve interest-bearing mechanisms or lending. Revenue is generated through appreciation of the underlying NFT assets and potential trading fees from the ecosystem.
Additional Considerations
The project does not facilitate or promote any activities that would be considered haram. The underlying assets (NFTs and digital collectibles) represent real ownership of digital property, and trading activities involve actual transfer of assets rather than zero-sum gambling mechanisms.
Crypto Impact
To assign a comfort level investing in WHALE from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to WHALE.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.