🪙Tokenomics
Last updated
Last updated
The tokenomics of a project are crucial.
At WhaleSync, we are committed to ensuring that all product operations are conducted with full transparency.
As of now, WhaleSync does not possess its own token. The protocol generates revenue through trading fees.
However, the introduction of a WhaleSync token is anticipated in the future and is considered a pivotal achievement for our protocol. This token will play a central role in the protocol's revenue distribution mechanism.
The launch of the token will be conducted fairly, with no presale events. Instead, an Airdrop is planned for all protocol users, ensuring an equitable distribution.
WhaleSync, a Copy Trading platform, currently operates without its own token, hence relies solely on trading fees for compensation.
At present, the platform charges a standard trading fee of $5 per trade. However, we are planning a significant update to the protocol that will introduce a new fee structure:
A default fee of $5 will be applied to trades under $500.
For trades over $500, the fee will be set at 1% of the trade value plus an additional $2.
These fees are subject to reduction through our Loyalty System, and a portion of the fees will be directly redistributed to users via the referral system.
Furthermore, a part of the fees will be allocated back to traders who have registered on the platform and whose trades are being copied by others.
The remaining funds will be directed into the protocol's treasury to finance all necessary operational expenses and provide the liquidity needed for the forthcoming token launch.
Over time, possession of the token will become essential for benefiting from reduced trading fees and for earning commissions on the trades of one's referrals or the earnings distributed to copied traders.
Additionally, we plan to introduce new products for which the token will be a requirement.