Whales Market (WHALES)

Trading Platform

Whales Market is a premarket crypto decentralized exchange (DEX) where users can trade pre-TGE (Token Generation Event) tokens and allocations.

Features

It operates with no middlemen, is trustless, and fully on-chain, allowing direct peer-to-peer trading.

Volume and Activity

The platform has handled over $300 million in trading volume, showing active participation in OTC token deals before official launches.

For more details, visit Whales Market.

Advantages

Whales Market is a leading premarket crypto decentralized exchange (DEX) that allows users to trade pre-TGE tokens and allocations directly on-chain without middlemen. It has a high trading volume of over $300 million, showing strong market activity and liquidity. The platform is trustless, meaning trades happen securely without needing to rely on a third party.

Disadvantages

There is no specific information available about any disadvantages or limitations of Whales Market.

Founders of Whales Market

The founder of Whales Market is Dexter, who also led the AI project gm.ai. Dexter has experience in OTC trading and has been open about past challenges in management. Additionally, Whales Market was co-founded by a diverse group of professionals from the tech and finance sectors, including Raj Patel, an economist and crypto analyst who contributed to the platform's innovative features.

For more details, visit the official website: https://whales.market/

Investors in Whales Market

Investors in Whales Market include a variety of participants such as institutional investors, hedge funds, and high-net-worth individuals. These investors hold significant capital and can influence market trends and prices through their large transactions. Some may be early adopters who accumulated tokens over time, while others are strategic players looking to trade pre-TGE tokens and allocations on the Whales Market platform.

Types of Investors

• Institutional Investors and Hedge Funds: These entities manage large amounts of assets and often engage in significant trades that can move markets.
• High-Net-Worth Individuals: Wealthy private investors who hold large token amounts and can impact liquidity and price.
• Early Adopters: Individuals who acquired tokens early and hold substantial positions.
• Strategic Traders: Investors using Whales Market to trade premarket tokens and allocations in a trustless, on-chain environment.

Platform Context

Whales Market is a premarket crypto decentralized exchange (DEX) focused on trading pre-TGE tokens and allocations with over $300 million in volume, operating without middlemen and fully on-chain. This attracts investors looking for early access to tokens and large-scale trading opportunities.

For more details, visit the official website: https://whales.market/

Halal Status of Whales Market

• Halal Rating: Questionable. Whales Market is a cryptocurrency project with limited verifiable information available, and its halal status is not clearly established.

Halal Status of Whales (Sea Creatures)

• Majority Opinion: Most Islamic scholars agree that all seafood, including whales, is halal based on the Prophet Muhammad’s saying, “Seafood is halal for you.” This includes whales, sharks, and other sea creatures.
• Supporting Evidence: Historical narrations mention the Prophet and his companions consuming whale meat, indicating permissibility.
• Different Views: Some scholars debate because whales are mammals, not fish, and mammals usually require specific slaughtering methods to be halal. However, many scholars classify whales as halal seafood.
• Summary: Whales are generally considered halal by many scholars, but some hold differing opinions based on interpretation.

Conclusion

No clear consensus exists, but many Islamic scholars consider whales halal. Since Whales Market is a crypto project and not related to food, its halal status is questionable due to limited information.