What is Whales Market (WHALES)

1. Project Introduction
Whales Market is a Solana-based over-the-counter (OTC) trading marketplace that supports various markets, including Pre-Market, Points trading, and OTC-Market. The Pre-Market allows the purchase of token allocations before a Token Generation Event (TGE). Typically, such transactions lack security, but Whales Market changes this process by using smart contracts to facilitate on-chain transactions between buyers and sellers, preventing fraud. The Points Market enables secure P2P points trading, where Whales Market uses smart contracts to allow buyers and sellers to agree on mutually negotiated on-chain transactions. Traditionally, OTC markets have facilitated P2P trading of tokens and NFTs through informal channels such as chat rooms and social media sites. Whales Market reduces risks by utilizing smart contracts, providing token listings, and setting access restrictions to shared quotation links for buyers and sellers. In May 2024, Whales Market launched the token issuance platform Whales.meme, allowing users to launch tokens within seconds using gamified liquidity bootstrapping features.
Summary: Whales Market offers a comprehensive solution to liquidity and decentralization issues in the crypto market, supporting various markets, including OTC, Pre-Market, and Points trading. The website shows support for over 10 blockchains, and Dune data indicates a total trading volume of $148 million and about 32,700 users, with $1.02 million in shared protocol revenue distributed to users.
2. Team & Investment Info
Dexter: Founder of Whales Market and LootBot. Whales Market was developed by the LootBot development team, a project created during the summer of 2023 when Telegram Bots were trending.
Funding: Undisclosed
3. Social Media URLs
X: https://x.com/WhalesMarket
Telegram: https://t.me/verifyWhalesmarket
Discord: https://discord.com/invite/whalesmarket
4. Token Info
Token Symbol: WHALES
Total Supply: 100,000,000
Token Type: Solana
Issuance/Burn Mechanism: Fixed supply
Contract Address:
https://solana.fm/address/GTH3wG3NErjwcf7VGCoXEXkgXSHvYhx5gtATeeM5JAS1
Token Distribution:
Airdrop: 50% TGE, linear vesting for 6 months
Incentives: 65%, linear emissions for 4 years
Team: 9.5%, 0% TGE, locked for 9 months, linear vesting for 36 months
Liquidity: 7.5%, 100% TGE, 2.5% liquidity locked/burned
Marketing: 5%, 25% TGE, linear vesting for 24 months
Private Sale: 7%, 50% TGE, linear vesting for 2 months
Security: 1%, 100% TGE
5. Related Links
Official Website: https://whales.market/
Official Website: https://docs.whales.market/
Dune: https://dune.com/whalesmarket/whales-market-solana
Other Info:
https://www.rootdata.com/Projects/detail/Whales%20Market?k=MTA3ODg%3D