WAL is a working equity token issued by WhaleEx based on the EOS public chain, and is a representative of the owner's equity of the trading platform. The issuance of WAL is mainly released gradually through transaction mining and community ecology, and the total amount of issuance is constant at 10 billion. WhaleEx will use 80% of the transaction mining fee income for WAL repurchase. At the same time, WAL holders can also enjoy free transaction fees, get airdrops from project parties, and participate in platform co-construction and community management.

Project buyback mechanism

From the date of implementation of transaction mining, the platform will inject 80% of transaction mining fee income into the repurchase fund for WAL repurchase. One month after the start of transaction mining, 1% of the repurchase fund will be used to repurchase WAL in the market every day, and locked to the public address.

Project Purpose

Lock free transaction
By locking the circulating WAL, the user can obtain a free transaction quota, which is positively correlated with the number of WAL locked by the user. Within this limit, users do not need to pay handling fees for their transactions.
Fee-free quota = number of locked WAL stars * yesterday’s average price of WAL * handling fee rate
Orca Project
The Orca Project will recruit exchanges from all over the world for cooperation Partners, the stable and efficient offline matching engine developed by WhaleEx, a complete decentralized solution, including contract clearing on the chain, cross-chain asset transfer solutions, global liquidity market makers, and a unified user ID system Shared with these partners to jointly create a batch of autonomous, efficient and transparent decentralized exchanges. Any team that wants to create a decentralized digital asset exchange only needs to provide its own domain name, LOGO and operating entity, and focus on the management and operation promotion of the exchange. All research and development, upgrades, and operation and maintenance work will be done by WhaleEx professional technical team to provide a complete solution. Users of these exchanges have the world's leading digital asset trading experience on the first day of the exchange's launch. In the first phase of the Killer Whale Project, 100 quotas will be opened, and more than 20 million WAL can be registered to participate. All exchanges will share the transaction depth and users. The locked WAL can get a free transaction quota, and a transaction fee of 25,000 will be charged for transactions beyond the free transaction quota, and other transaction fees will be allocated by the exchange itself.
Free Airdrop
Users who hold WAL can enjoy WhaleEx's irregular airdrop benefits.
The project side locks up the currency
The project side needs to lock up a certain number of stars of WAL as a deposit; the deposit starts from the second month after the project goes online, and will be returned every month in 12 months . If the listing project meets delisting conditions (for example: the team is disbanded, the team requests delisting, insufficient liquidity, sudden distribution, violation of laws and regulations, etc.), the remaining deposit will be used as user compensation.
Participate in WhaleEx community governance
Governance includes, but is not limited to, the exchange's decision to list coins, the exchange's various fee rate changes, and the selection of win-win plans.