Posts by @DeSoMunt

The $WHALEDSHARK token is a Creator Coin (CC) developed to attract, gamify and reward the community developed around the personality known as WhaleDShark.

Launched on the Decentralized Social (DESO) platform on February 1st 2025, $WHALEDSHARK can be acquired through DESO’s Automated Market Maker (AMM), Openfund at launch or through secondary sales post launch.

WhaleDShark, previously known as “WhaleShark” and “WhaleShark.ETH” has been a long term staple of the Web3 community and has been an early participant in most important cutting-edge developments in Blockchain including Bitcoin, Ethereum, ENS, DeFi, NFTs, Web3 Gaming and DESO.

As a BitClout OG, WhaleDShark is a fervent proponent of the decentralization of social media to allow creators and participants to truly own their own digital identity, footprint and value accrual.

WhaleDShark is also the founder and sitting council member of the WHALE DAO, the world’s most valuable collection of NFTs.

More information can be found at this website here: https://whaledshark.com/

At the time of launch, $WHALEDSHARK has no economic, legal or regulatory relationship with the member owned $WHALE token or WHALE Members community.

Tokenomics:

$WHALEDSHARK will be launched on 1st February 2005 on Openfund with the following tokenomics:

Founder Allocation: 916,650 $WHALEDSHARK (90.43%)

Market Allocation: 97,000.97 $WHALEDSHARK (9.57%)

Total Token Supply: 1,013,650.97 $WHALEDSHARK (100%)

A transition from a Openfund native inflationary model to a deflationary (no minting of new tokens) is planned once more market information, experimentation and experience of the AMM is accrued.

The rationale for the high Founders Allocation is to maintain market stability and dominant self-ownership over the digital identity and value accrual of the founder. This disciplined practice has been established since the launch of BitClout and a transparent track record prior to the transition from Creator Coin version 1 (Bonding Curve) to Creator Coin version 2 (AMM) is available on the DESO Explorer.

Legacy practice and future plans are for WhaleDShark to continue to maintain a minimum of 90% of the total token supply ad infinitum. The Founder’s allocation will be locked for a total of five (5) years with an unlock date of 30th January 2030.

The usage of $WHALEDSHARK acquired by the founder through fair open market participation at launch or subsequent purchase on the secondary market post launch will be up to the discretion of WhaleDShark and could include further accrual, community rewards, community dispersion or active market participation.

Any changes to the inflationary nature or the minimum founder holding amount will be subject to community governance outlined in the Governance section later in this paper.

Unlike a traditional ICO, funds acquired towards the token launch will not be provided to the founder, but rather applied to the AMM structure to provide a liquid trading experience for those wanting to buy or sell the token.

All AMM fees received through market buy and sell orders of $WHALEDSHARK will be allocated towards further purchasing $WHALEDSHARK on the open market at opportune times.

Governance

At the time of Focus launch, token based governance is not currently available. A general plan for future community governance are as follows:

1 $WHALEDSHARK = 1 Vote
WhaleDShark can only exercise voting power equivalent outside of the 90% allocation
A quorum of 5% of the total supply of tokens will be required for proposal validity
Changes to tokenomics and organization will require a super majority of 80%
Proposals on token dividends, distributions and airdrops will not be entertained at this time

Proposals from the community can potentially encompass the following:

Content
Special Event organization
Revenue generating activities
Partnerships and sponsorships
Community moderation
Tokenomic changes
Organizational development and changes

Governance through $WHALEDSHARK is established as a community benefit and privilege. Actions that are nefarious in nature and non-beneficial to the community will be disregarded and invalidated by WhaleDShark.

Token Holder Benefits

Token holders will granted both passive and active benefits that will be segmented based the size of $WHALEDSHARK token holdings.

While several of these benefits would require further development by Focus, some of the potential benefits token holders can expect to receive over time are: