ðTokenomics
Initial supply: 2,000,000 WHALEUSD
150,000 WHALEUSD will be sold in our Presale
100,000 WHALEUSD used to form initial WHALEUSD LP.
1.750.000 WHALEUSD sent to Dao fund. The main function of the DAO fund is to keep the price stable from the beginning.
WHALESHARE has a maximum total supply of 100,000 tokens
20,000 WHALESHARE will be allocated to DAO Fund
17,500 WHALESHARE will be allocated to Insurance Fund
12,500 WHALESHARE will be allocated for the development (marketing, audits, dev rewards, community engagements and other expenses)
The remaining 50,000 WHALESHARE will be allocated to incentivise Liquidity Providers
All are farmed or vested linearly over 365 days (1 year)
Reward rate for Share Bank pool (Deposit LPs in Banks to earn WHALESHARE)
[1] JOE-LP WHALEUSD/USDC (50x) â no lock
[2] JOE-LP WHALESHARE/USDC (35x) â no lock
Rate : 69.34 WHALESHARE per day
WHALEUSD is designed to be used as a decentralized stablecoin for things such as exchange, lending, borrowing etc.
The protocol's algorithm aims to maintain WHALEUSD's peg of 1:1 WHALE:USDC in the long run.
Note that WHALEUSD actively pegs via an algorithm, it does not mean it will be valued at 1 WHALEUSD: 1 USDC at all times as it is not collateralized. WHALEUSD is not to be confused for a crypto or fiat-backed stablecoin.
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