Stake WAL to increase the Investment hard cap in the WhaleEx Mining

BP whaleex.com has broken in the EOS TOP 21, and WhaleEx distributes 100% both the BP income and the REX income to investors. To make more average users get benefits and to empower WAL usage scenarios, the first phase of WhaleEx Mining “EOS vote to mine” will set the 5 Million EOS as the upper limit, and average investors can only input 100 EOS, while users who stake 100,000 WAL can increase the investment hard cap to 1000 EOS. To be noted: this announcement will not affect investors who have invested in, but they have to obey the new rules once transfer out.

During the WhaleEx Mining Beta period, we compensated a lot of EOS, the following is the comprehensive income statement.

Enriching the WAL usage scenarios

WAL is a functional token which WhaleEx issues on EOS main net, fixed supply is 10 Billion. WAL, as the WhaleEx’s only platform token, is built on the platform and its value is closely related to the development of the platform. WhaleEx is continuously enriching the WAL usage scenarios to stimulate WAL holders.

March 23, we launched the mechanism of the staking WAL to enjoy free trading. WAL, as a functional token, whose core value is designed to free trading fees. From that on, users can enjoy the same value of free trading volume every day as the staked WAL worth. Theoretically, with the development of the platform, and WAL value goes up, holders can enjoy completely free trading in the whole lifespan.

March 24, we featured staking 10,000 WAL to double the airdrop from the chest.

April 10, we added staking 500,000 WAL to enjoy up to 45% referral trading fee bonus.

May 23, we introduced the function of staking 100,000 WAL to increase investment hard cap in the WhaleEx Mining.

We strongly believe in the power of aligned interest, WhaleEx will continuously empower WAL and enrich WAL’s usage scenarios.

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Published at Fri, 24 May 2019 12:39:00 +0000

September 2, 2017

Commodities In Fashion: GoldMint Gives Stale Trading A Blockchain Facelift

Commodities were once synonymous with old money and the elite, but in the age of cryptocurrency, they are making an unstoppable comeback.

Commodities in the Age of Crypto

In 2017, commodity trading focused on precious metals particularly is becoming vogue once again – but this time for anyone with bitcoin holdings.

While commodities naturally come in more forms than metals – energy and foodstuffs, for example – it is gold that has found a natural rebirth as a tandem partner with cryptocurrency owners.

Gold remains stable. Despite its comparatively underwhelming performance versus bitcoin for shorters, the metal fundamentally serves its purpose as a shield from fiat controls.

“The broad masses of the population are interested in buying stable assets backed by real gold, as most local currencies experience a devaluation against the dollar. Use of Blockchain technology simplifies this process and makes it more transparent for all participants,” Dmitry Pluschevsky, CEO of Blockchain-based gold platform GoldMint explained to Bitcoinist.

‘Backed By GOLD’

Stemming from the cryptocurrency industry, an increasing array of startups are offering investors exposure to precious metals through the medium of digital tokens instead of brokers and dealers.

GoldMint is positioning itself as a advancement which will revitalize the tired pawnbroker industry and its reputation, offering trading and storage of gold assets combined with a gold-backed digital asset, GOLD tokens.

The ecosystem is designed to be self-sufficient, swapping human links in the chain for Blockchain-powered automation, principally in the form of a so-called Custody Bot which creates an immutable record of every operation.

The machine functions are an automated pawnbroker, storing, inspecting and weighing gold while remaining independent of third parties using Blockchain-backed data.

“We think it is very important to have direct proof of the commodity backing tokens,” CTO Konstantin Pichugin continued.

“Let’s imagine there is no any proof-of-assets protocol. It means nobody really understand how much commodity we really have. In this case nobody will trust us. Such token will be the same as USDT and only people who love huge risk would use it.”

Marrying Digital Tokens With Commodity Support

The concept of a commodity backing digital tokens is already not entirely new. bitcoin holders have long been able to use their digital assets to hold gold and even take physical delivery of ingots to cut out third party storage altogether.

Like legacy commodities trading, GoldMint also uses exchange-traded funds (ETFs) to facilitate investor exposure.

As Blockchain technology progresses at a record pace, however, so are the solutions it can support, making the GoldMint Custody Bot a newcomer to the gold industry.

“GOLD cryptoassets have to be considered as a hedging instrument,” Pluschevsky added.

“While almost all cryptocurrencies are very turbulent, GOLD cryptoassets backed with real gold bullions and ETF have extremely low volatility.”

The project is still in its infancy despite the technology rollout, however, and an ICO (link to the ICO page) on September 20 is intended to launch GOLD onto the world stage and fund the roadmap for the next few years.

Participants will receive bonus token allocations for early participation.

What do you think about commodity trading’s comeback on the Blockchain? Let us know in the comments below!

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