Whales Market (WHALES)

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Use Cases of Whales Market

• P2P Trading: Trade pre-listing allocations, tokens, and NFT whitelists directly with others in a trustless and secure way.
• OTC Marketplace: Buy and sell illiquid assets without slippage, including tokens with vesting schedules.
• Pre-Market Trading: Trade token allocations before their official Token Generation Event (TGE).
• Points Trading: Exchange project points that convert into allocations at TGE.
• Multi-Asset Support: Trade various asset types across multiple blockchains on one platform.
• Advanced Tools: Use professional-grade features for better trading experiences.
• Revenue Sharing: Participate in the platform’s growth through token incentives.

For more details, visit Whales Market.

Pros

• Secure and Trustless Trading: Whales Market allows peer-to-peer (P2P) trading without needing to share private keys. Users deposit assets into smart contracts, which execute trades securely.
• Multi-Asset Support: It supports trading of various asset types including pre-listing allocations, rewarding points, NFT whitelists, and vesting contracts across multiple blockchains.
• Early Access to Pre-Listing Assets: Users can trade tokens before their official launch, giving early investors and retail users opportunities to explore new markets.
• No Slippage OTC Market: Trades happen directly between peers, avoiding slippage common in traditional exchanges.
• Revenue Sharing and DAO Plans: The platform shares revenue with users and plans to implement DAO governance for decentralized control.
• Advanced Features: Includes markets for vesting tokens and plans for prediction and NFT whitelist markets.
• Wide Ecosystem Partnerships: Collaborates with many projects and supports over 10 blockchain networks.

Cons

• New and Evolving Platform: Some features like prediction markets and NFT whitelist markets are still upcoming, so the platform is not yet fully mature.
• Complexity for Beginners: The variety of asset types and markets might be overwhelming for new users.
• Dependence on Smart Contracts: While secure, smart contracts can have bugs or vulnerabilities if not audited properly (though Whales Market has completed audits).
• Limited Public Information: As a niche platform focusing on pre-listing and OTC trading, it may have less liquidity and user base compared to major centralized exchanges.

For more details, visit Whales Market.

Founders

The website https://whales.market/ does not provide specific information about the founders of Whales Market.

Investors in Whales Market

Whales Market's investors include private sale participants who received 7% of the $WHALES tokens with a 50% initial release and linear vesting over 2 months. The project also involves $LOOT stakers and $xLOOT holders who benefit from airdrops. The team holds 9.5% of tokens, locked and vested over time. The initial liquidity was bootstrapped by the LootBot Treasury, supporting the token launch and ecosystem growth.

For more details, visit Whales Market.

Halal Status

No, Whales Market is not explicitly stated as halal on their official website. There is no direct information or certification regarding its compliance with Islamic finance principles.