WHALE
Crypto Overview
Project Overview
WHALE is a social token backed by high-value NFTs and digital collectibles. The project was launched in 2020 by WhaleShark, a prominent NFT collector. The token represents fractional ownership in the WhaleShark's NFT vault, which contains valuable digital art and collectibles.
Intended Utility
The WHALE token was designed to provide exposure to a curated portfolio of NFT assets, acting as a social token that allows holders to gain value from the appreciation of carefully selected NFT collections. Token holders can participate in governance decisions regarding the vault's management and receive various community benefits.
Actual Utility & Implementation
The project maintains transparency through regular vault valuations and public holdings disclosure. The WhaleShark DAO actively manages the NFT portfolio, with token holders having voting rights on key decisions. The token has demonstrated real utility through its backing by tangible digital assets and active community governance.
Token Distribution & Governance
The token distribution includes vesting periods for team allocations, with a significant portion of tokens circulating in the market. The founder, WhaleShark, maintains transparent communication about vault holdings and management decisions. There is active development and community engagement rather than pure marketing focus.
Revenue Model & Operations
The project generates value through strategic NFT acquisitions and sales, without relying on interest-bearing mechanisms or prohibited activities. The business model focuses on asset appreciation and community governance rather than speculative trading.
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.