WhaleCoin is a social network. It is a decentralised social network. In this network, the Whales provide rewards to their followers. This unique decentralised social network is powered by a simple mined cryptographic blockchain. This social network of WhaleCoin supports the role of Whale. This Whale role is given to any user who holds at least 1000 tokens or WHL. The overall number of Whales will always be limited on this network. These Whales are empowered to make the decision of ways of distribution of rewards. A structure for incentives will be decided to enable the followers to making attempts to have approvals from the Whales, who will influence the blockchain to allocate the followers rewards.
WhaleCoin operates on a very simple idea. If an user has 1000 tokens or WHL or more, the user becomes the Whale. Whales are powerful to send upvotes to other users. WhaleCoin blockchain will make the payments to the users This payment is a part of the block reward that is mined. This block reward is decided on the number of upvoted from Whales those has been received by the user.
WhaleCoin is a mined currency, just like other crypto currencies. WhaleCoin has a limited supply. It is impossible to counterfeit WhaleCoin token WHL.
Whales are the stars on the platform of WhaleCoin. Whales are capable of telling new stories they have read or share videos they have watched. A Whale can ask a user for her/his advice or to do some research. These activities are for sending an upvote to a follower. This process costs a Whale fee for a blockchain transaction. But otherwise this is for free.
The followers are humans or bots who are rewarded for doing a task. These tasks are being done by billion of other people, following a feed of a social network and interacts through making comments.
WhaleCoin is a decentralised network. Unlimited number of portals can be built on top of it. It may ne SMS, Chat, E-mails or other forms integrations. WhaleCoin is a fork of Ethereum(ETH). WhaleCoin shares many things in common with Ethereum. But, the WhaleCoin consensus rules makes a statement that the miners have to pay a part of their mining rewards to a smart contract. The smart contract will in turn, split the reward in several ways. It will contribute to developers fund for maintenance and development of WhaleCoin network, code and surrounding applications. It also pays rewards to followers depending on the number of upvotes from the Whales.
WhaleCoin is a decentralised social network where Whales pay rewards to their followers. This crypto coin has a great potential to popularise interaction of users on social network feeds.
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