📢 Whaleshares Sharedrop SNAPSHOT Announcement (Updated)

in whaleshares •  3 months ago

Whaleshares-Snapshot.jpg


🚀 The rocket is fueled and preparing for launch,
THE COUNTDOWN IS UNDERWAY!

Thank you to everyone in our extended Whaleshares and Bitshares family. Your continued support and belief in the Whaleshares project and in each other in the community keeps us going. We are thankful for every upvote, resteem, share, tweet, meme, and post you support us with.

and now...

📝 THE ANNOUNCEMENT YOU'VE BEEN WAITING FOR:

As promised, I am happy to announce the Whaleshares Sharedop SNAPSHOT has been taken. The official snapshot was from Bitshares Block 29222369 at 2018-08-01 03:18:51 UTC.

Final Sharedrop Distribution Amounts

Here are the final sharedrop supply and drop ratios for BTS, Brownie.pts and WHALESHARE tokens.

Initial WLS Supply = 21 Million
18,900,000.000 WLS to Sharedrop on Token Holders

Whaleshares = 2.1 Million drop on 250,000 Supply
Brownie.pts = 2.1 Million drop on 9,400,000 Supply
Bitshares = 14.7 Million drop on 1,777,494,274.2983203 Supply (updated)

Distribution Ratio per 1 Target Token held:
WHALESHARE/WLS = 8.400000
BROWNIE_PTS/WLS = 0.223404
BTS/WLS = 0.008270 (updated)

Native WLS tokens will be reserved for Bitshares accounts holding any of these tokens at the time of the snapshot.

The process for verifying your Bitshares account and claiming your WLS Sharedrop will be announced with the pre-launch (Open BETA). WLS claimed by the sharedrop will be applied to your Whaleshares accounts as WHALESTAKE, vested (powered-up) WLS.



EDIT NOTICE: It has been decided that, since this project is intended to support the Bitshares Community and Native Bitshares DEX, all centralized exchange accounts have been removed from the sharedrop. There was little chance of centralized exchanges honoring the WLS token sharedrop to the individual account holders anyway. The updated BTS distribution is a supply of 1,777,494,274.2983203 with a sharedrop ratio of 0.008270 WLS per BTS. The difference of 'unclaimed' WLS from this change will be added to the account creation reserve pool.


UPCOMING DATES:


Pre-Launch (Open BETA)

Wednesday, August 15, 2018
We will open the Whaleshares platform up for early access to anyone wanting to create accounts in exchange for WHALESHARE tokens. The process and number of WHALESHARE required to create an account will be announced on August 15th when the pre-launch opens. This means the WHALESHARE tokens you have been holding for the sharedrop can also be used to help others create accounts too. During the Open BETA you will be able to use all the functionality of the platform to post, comment, vote, share, and earn WLS rewards. Power Down will not be active at this time.

Full Launch

Saturday, September 1, 2018
The Whaleshares platform will open for normal use. After the sharedrop period is over (September 15th) you will no longer need WHALESHARE tokens to create accounts , and anyone is free to sign up. Power Down will not be active at this time.

Power Down Activated

Monday, October 1, 2018
The Power Down function will be activated allowing users to convert vested "WHALESTAKE" into liquid WLS that can be transferred to the Bitshares DEX. At this time EasyDEX and RuDEX have announced that their bridges/gateways will ready at this time to transfer WLS in/out of Whaleshares to the DEX.

Whaleshares Whitepaper

We are putting the final touches on this living document and will have that posted before the August 15th Open BETA.


Whaleshares Terminology

These are a few common terms that will be used on the Whaleshares platform.

WLS
WLS is the native token of Whaleshares. This is the token you will be able to transfer in/out of the platform to the Bithares DEX.

WHALESTAKE
This is your vested (powered up) WLS holdings. The more WHALESTAKE you hold, the higher your max reward value is. There is no secondary pegged asset on Whaleshares, all of your earned rewards are given in WHALESTAKE. To remove earnings from the platform you will have to Power Down a set amount of WHALESTAKE which converts it to liquid WLS.

MANA
MANA is the % of voting power your account has. Each time you share/reward a post or comment your MANA is reduced by 2%. MANA is recharged at a rate of 20% per day. MANA and WHALESTAKE are used to calculate your reward value.

WHALECOINS
Also, referred to a Whale Tokens. These are User Issued Assets that anyone can create on the Bitshares DEX which can be used for rewards or community contests and initiatives on the Whaleshares platform. They are called "Whale" coins because as you grow your WHALESTAKE over time and become a whale, you can leverage the value of your token to help others in the community.


More information will be announced in the coming days an weeks.

Stay tuned for official announcements and exciting contest and initiatives at each step of the way.

Please RESTEEM this post to spread the news!


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Glad to see you guys gonna launch soon. I'm concerned about my stake in WHALESHARES though, I see the price went to the moon and rapidly fell into oblivion now. Are these tokens useless now? Is there any point in having them or why everybody sold?
Also, I registered my account during testnet and I still haven't got any confirmation letter or anything. Is it going to come or have I wasted both account name and all the funds I put into this project?
@officialfuzzy could you kindly clarify these points for us? I'm sure there are many people wondering about it.

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If you see from the body - whaleshares on dex will award you whaleshares on mainnet. They are about to deliver their main value prop - getting people up and running on whaleshares!

-edited

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Did you read the post? The snapshot is done already. Question is, is there a point in holding the token still? Right now it looks like it turned to dust overnight.

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True. I don't know what the issuer will do with Whaleshares on BTS Dex now that the snapshot is past- maybe it will float for a while then become a collectible of sorts.

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you get early access if you have whaleshares and that will be the final use of it, you can either give it to people in your community or to friends and family or you can sell them to people who have none.. around a month from here, september 1st they lose that last function and will have no use no more.

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That's fucking great. I knew I just gonna lose my money again. Shoulda sold it yesterday. That's some poor planning to just abandon the token. FML

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dude you are getting because of that 8.4 fucking times the amount you already had!!!!! ;-) so you gained basically 8.4 times.. not need to FYL

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Man, there is no guarantee that the prices will match, especially with a generous airdrop like this which always causes a selloff.

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You have a link to WHAT exactly whaleshares is? I've been seeing it mentioned for a while but haven't ever seen the synopsis.

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I haven'f found a good concise link yet but I will follow up if I do - it is a graphene blockchain based social media and community organization platform. Similar to steem. But newer with added features and a different/more decentralized original distribution.

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The whitepaper will be released before the August 15th pre-launch. You can join us on discord to talk with members of the community about the project.

https://discord.gg/3pqBXKY

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The pending sign-ups from the TestNet will be flushed when we move to MainNet on August 15th. We only need a limited number of accounts to help is BETA test.

On August 15th, you can sign-up for a pre-launch "early access" account using WHALESHARE tokens. The number required to create a pre-launch account is not final yet. That announcement will come soon.

ohh man fuzzy ur nuts! ahaha u are surely a legend respect for everything you are doing great man... <3 respect

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I hold some bts in my account do I get my fair share of whaleshare token and able to buy my account on open beta?

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The sharedrop is for native WLS tokens on the new platform, they will be applied as powered-up WHALESTAKE to your user account on the Whaleshares platform.

You have to be a holder of the original WHALESHARE token (or buy them on the DEX) to use them to create an early access open beta account.

Good to hear, well done @officialfuzzy finally we can get started on on a site that perfects steemit flaws.

Thank's for your good post. I follow you, please follow me, sir. I'm totally new to Steemit. Hope you will follow me and help me get filled up by Upvoting. Thank you so much.

Woop WOop! Finallyyyyyyyyyyyyyyyyyyyy

Can't wait for the 15th!!!

too many whales and too many little fish... we need more dolphins ! XD