Whale Announces Phase 2 of Token Distribution, Allowing Access to 10% of the Total $WHALE Supply
In Brief
Whale has rolled out the second phase of its token distribution initiative, giving players of the Wheel of Whales game the opportunity to earn up to 10% of the entire $WHALE token inventory.
A platform for online casinos and sports betting Whale has introduced the next phase of its token distribution strategy. This phase emphasizes its Wheel of Whales play-to-earn game, where players can earn $WHALE tokens through their gameplay efforts, potentially allowing them to receive up to 10% of the entire $WHALE token supply.
The first stage of the $WHALE token was launched back in August, providing an opportunity for early participants and engaged community members to gain tokens via a referral program. In just a brief timeframe, over 200,000 tokens have been claimed in the ongoing Stage 1. Compared to the initial stage, this new phase streamlines the token earning process, permitting players to dive into the game and accumulate rewards whenever they choose.
"We firmly believe that everyone deserves to benefit,\" remarked Whale's CEO in an official statement. \"That’s why we’ve crafted our tokenomics and airdrop strategy to ensure that all players have a fair chance to earn tokens and share in the wealth distribution,\" he emphasized.
Anticipating the Listing of $WHALE Token and the Launch of a Token Dashboard in 2025
The $WHALE token is set to be listed in the early part of 2025. Before this listing, users can utilize their tokens for various purposes within the Whale ecosystem, such as gameplay, shopping at merchandise stores, entering jackpots, engaging with loot boxes, and more. This upcoming listing is expected to significantly improve its visibility and availability, granting token holders increased opportunities for trading and liquidity.
An important element of the roadmap includes the creation of a Token Dashboard. This upcoming feature will present various metrics on business performance through a publicly accessible dashboard, showcasing the token's utility. Additionally, the platform plans to reinvest 10% of its business profits into a buyback initiative starting in the second quarter of the coming year.
Whale is in the process of building an advanced online casino and sportsbook platform on The Open Network (TON) blockchain, offering a broad array of casino games such as slots, table games, cryptocurrency-based games, real-time casino experiences, and options for sports betting.
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