whaleshares.io mainnet launched just over a month ago and has currently around 2200 members. Whaleshares is a fork of Steem software, the intent of whaleshares is to provide a Decentralized Autonomous Cooperative (DAC) platform where users of all sizes may transparently share and contribute value to their networks of trusted friends and have a voice in the future evolution of the platform itself.
Whaleshares launched with an initial supply of 21 million tokens (wls tokens,vested as whalestake) 90% share dropped on people who held whaleshares, brownie.pts, (UIAs on bitshares.org) and/or bitshares ( being held on the bitshares DEX) when the snapshot was taken on August 1st.
SHARING IS REWARDINGwhaleshares is uniquely different in that sharing content and rewarding content are synonymous. On whaleshares, it's about sharing and rewarding the content you love. Each time you click the new whaleshare button you will be rewarding the post and sharing it on your feed for others to see.
NO DELEGATIONWhile delegation may have a few benefits when used responsibly, the downsides and long-term damage it causes to the balance of a rewards-based platform far out-weigh the good. Voting collusion, bid bots, voting rings, sock-puppet accounts, flag wars, and other negative behavior are encouraged by delegation. For these reasons, there will be no delegation of WHALESTAKE.
FLAGGING and SELF REWARDING COMMENTS COSTS 3X MORE THAN REWARDINGWe have all seen the damage that comes from unnecessary and unjustified flagging of content due to personal disputes, power trips and egos. In order to curb that kind of abusive behavior and set a more civilized tone on Whaleshares where flagging is only done when absolutely necessary (to stop spam or plagiarism), flagging content will require 3x the MANA of a started upshare/reward. It additionally only gives 1/3 of the reward or damage that a normal reward would give.
ADJUSTED POWER DOWN ALGORITHMIn order to create a stable, long-term economy that encourages users to build their WHALESTAKE to back community support WhaleTokens, a dynamic power down algorithm that slowly evolves over time will be used. Based on the inflation rate reduction schedule, power downs will release more liquid WLS the longer the platform has been in operation. Max Powerdown = 100% - Current Inflation Rate The inflation rate reduction schedule can be found in the official WhalePaper.
REWARDS PAID OUT IN VESTED WHALESTAKEIn an attempt to create long term value, all rewards are paid out in vested whalestake. The more WHALESTAKE you hold, the higher your max reward value is, and therefore the more influence you have on the platform. 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.
Rudex.org recently created a simple way to move rudex.wls in and out of your wallet on whaleshares.io after you have successfully powered down a portion of your stake.
Over the next couple of months, the Whaleshares development team will roll out several major updates (and a few more minor ones) that will revolutionize the way cryptocurrency-based content platforms operate and change the way you think of social media websites forever. After that, it's up to you, the users, to decide the future of the Whaleshares platform.
The Whalepaper (1st Edition) can be viewed here:
https://whaleshares.io/whaleshares/@officialfuzzy/-the-whalepaper-1st-edition-20180908t175717325z-postTo view the site or signup visit:
https://whaleshares.ioTo explore the WLS market:
https://market.rudex.org/#/market/RUDEX.WLS_BTSFor official announcements or further information, or any questions visit us on Discord:
https://discord.gg/3pqBXKY
