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Author Topic: [ANN] WhaleCoin - Followers Earn Rewards, Whales Get Followers, Mined Coin  (Read 82125 times)
everettforth
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August 28, 2017, 11:06:33 PM
 #1

WhaleCoin



Abstract
We describe a simple mined cryptographic blockchain which
is designed to power a unique decentralized social network. The social
network supports several types of roles and notably the “Whale” role
which is given to any user who holds at least 1,000 tokens. The total
number of Whales on this network will always be limited and Whales
will have the power to influence how blockchain rewards are distributed.
An incentive structure will be designed so that “Followers” will attempt
to gain approval from Whales who will then influence the blockchain to
send them rewards.

Website
https://whalecoin.org

Blog
https://blog.whalecoin.org

RocketChat
https://rocketchat.whalecoin.org

Explorer
https://explorer.whalecoin.org/

Wallet
https://mywhalewallet.com/

Desktop Wallet
https://github.com/WhaleCoinOrg/DesktopWallet/releases

Whitepaper
https://whalecoin.org/whitepaper.pdf

Exchanges
https://mercatox.com/exchange/WHL/BTC
https://stocks.exchange/trade/WHL/BTC

(more to come)

Social
Twitter: https://twitter.com/whalecoinorg
Reddit: https://www.reddit.com/r/WhaleCoinOrg/
Github: https://github.com/whalecoinorg

Specs
PoW Mined
No Premine
No ICO
Mining algorithm: Ethash

Total Coin Supply (20-Second Target Block Time)
Block NumberRewards Per Block
1-1,0001(Slow Start)
1001-100,00015
100,001-200,00014
200,001-300,00013
300,001-400,00012
400,001-500,00011
500,001-600,00010
600,001-700,0009
700,001-800,0008
800,001-900,0007
900,001-1,000,0006
1,000,001-forever5(possibly switch to PoS at some point)


Technical
Based on Ethereum
Miners send mined coins to a smart contract which pays for the Development Fund and Follower Rewards.
Social network Dapp to be launched after Block #200,000

Custom Difficulty Adjustment Algorithm: "Ahab"
WhaleCoin created a new hyper aggressive difficulty adjustment algorithm, which adjusts the difficulty of every block by +/-10% of the previous block based on whether the last block occurred faster or slower than the target time (20 seconds), meaning the difficulty can adjust exponentially if necessary. This should help protect the chain from 51% mining attacks.





Genesis Block Start Date
September 4, 2017 11am Pacific Time

Current Coin Distribution
This is a 100% mined coin with no pre mine or ICO.  After coins are mined, miners send some of the coins to a development and social contract fund.  The amount depends on what miners agree on based on consensus of the code they run at the time.

Current Coin Distribution (After Block #863270)
Miners: 50%
Followers: 40%
Development Fund: 10%

Coin Distribution (Block #200,000- #863270)
Miners: 34%
Development Fund: 33%
Followers: 33%

Coin Distribution (Block #1-#200,000)
Miners: 67%
Development Fund: 33%

Pools
http://whale.spdns.eu
http://whl.hpool.net (china)
http://whale.allcanmine.net/
http://whale.minerpool.net/
http://whale.globalpool.cc/
http://whale.ezmine.io/
http://whale.2zo.pw/
http://whale.orchardcoins.com/


(more to come)

Other "WhaleCoins"
We have found 2 other "WhaleCoin" projects, but they are believed to be abandoned.
https://bitcointalk.org/index.php?topic=720600.0 (2014)
https://bitcointalk.org/index.php?topic=1028185.0 (2016)

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albanes
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August 28, 2017, 11:54:08 PM
 #2

Hi Dev ! when can we start mining???

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R  E  P  U  B  L  I  A
PRE-SALE :  23.08 - 23.09
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Highly Efficient Technology
Secure & Transparent
Full Democracy
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everettforth
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August 28, 2017, 11:57:02 PM
 #3

Hi Dev ! when can we start mining???

September 4th (one week from today).

mrbildo
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August 29, 2017, 12:42:46 AM
 #4

Old school launch and not scammy ICO non-sense, can't wait.
6rq4JioxUqqTmjk8nFEa
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August 29, 2017, 12:45:12 AM
 #5

Thats one hell of a dev fee
orion1424
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August 29, 2017, 12:45:35 AM
 #6

Specs
100% Mined
No Premine
No ICO
Mining algorithm: Ethash
Coin emission rate: 5 per block,  4.375 for an Uncle (Same as Ethereum)

¡¡¡The official launch is on September 4, and is already mined 100% of the coins?!!!
Samahabosa
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August 29, 2017, 12:47:30 AM
 #7

open plan bounty or airdoop dev ?

▮█     KRYLL     ▮█     AUTOMATED CRYPTO TRADING STRATEGIES MADE SIMPLE     ▮█
▁▁   ▮ █     Whitepaper   █   Token sale will start on Feb 7, 2018   █   Announcement     █ ▮   ▁▁
╚═══════●  ﹙ Telegram ﹚  ●●  ﹙ Twitter ﹚  ●●  ﹙ Facebook ﹚  ═══════╝
J@soN
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August 29, 2017, 12:52:22 AM
 #8

Specs
100% Mined
No Premine
No ICO
Mining algorithm: Ethash
Coin emission rate: 5 per block,  4.375 for an Uncle (Same as Ethereum)

¡¡¡The official launch is on September 4, and is already mined 100% of the coins?!!!

It say 100% mined not premined which is mean 100% mineable

How about halving? no halving?
release time? timezone?
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August 29, 2017, 01:09:53 AM
 #9

waiting for it. but %33 dev fund looks high!!!
Mazt rhiezt
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August 29, 2017, 01:12:40 AM
 #10

You mentioned to the miners at least have a supply of 1000 tokens.
Is not that big enough for the early players?

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CRYPTONITY










The Crypto Community Exchange
▐▐ █ █ █ █ ██ ██  Public Sale 1  Starts: Nov 1, 2018
A comprehensive “Cryptosystem”
Security & Insurance
A Community centric trading platform
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divedaucd
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August 29, 2017, 01:15:57 AM
 #11

reversed

CaVO32
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August 29, 2017, 01:19:51 AM
 #12

as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.

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August 29, 2017, 01:48:26 AM
 #13

as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.

I hope so the dev will learn from those mistakes I'm sure about that if he fails this one, then we should not trust another coin that will come out with a whale on it even though a cryptocurrency whales are running it


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                                                                              TM
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bladescarr
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August 29, 2017, 03:53:25 AM
 #14

Will the wallet, pools, miner, etc, all be ready before release? So right on release day we can start mining immediately?

Thanks, and good luck! Wink
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August 29, 2017, 07:20:06 AM
 #15

Watching and waiting for launch date
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August 29, 2017, 07:28:18 AM
 #16

Interesting idea, and I like that there's no ICO, but the developer fee seems a bit too high. I'm fine with a project being self-funded, since crypto currencies are basically software and software needs maintenance, but what are the plans for the funds? I'm potentially interested, but I'll wait for an actual product.
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August 29, 2017, 07:30:25 AM
 #17

as the OP already pointed out, 2 other projects have the same name, lets just hope this project dosent have the same final ending as the other two.
]

lol. I think names of developers should be released for more confidence on the project

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August 29, 2017, 07:34:59 AM
 #18

WhaleCoin like ETh, above said "As an Ethereum Geth fork, all Ethereum tooling should be compatible....."  i think this is good plan ,  i hope web wallet is coming soon , save whale  is slogan .
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August 29, 2017, 07:37:06 AM
 #19

Looking forward to mining this coin Smiley
everettforth
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August 30, 2017, 04:32:43 AM
 #20

We are currently looking for ethash pool operators.  Please contact us if you're interested.

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