✍️Whitepaper
last updated: March 5 2023
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The Crypto Whale Sharks Ecosystem
The rise of cryptocurrency and non-fungible tokens (NFTs) has disrupted the financial and developer landscape and brought about a new era of digital assets. The NFT market has experienced explosive growth in recent years, as more and more individuals and organizations have embraced the concept of owning unique digital items. However, despite the immense potential of NFTs, the current market has its limitations and faces numerous challenges.
The Crypto Whale Shark project aims to address some of these issues and further enhance the growth and evolution of the NFT ecosystem. By utilizing cutting-edge blockchain technology and innovative features, Crypto Whale Shark aims to revolutionize the way people interact with NFTs. The Crypto Whale Shark project will set the standard for a new era of NFT trading and ownership.
The Crypto Whale Shark project draws inspiration from the natural ecosystem of marine habitats to create a decentralized and sustainable project. Just as whale sharks play a crucial role in the balance of the ocean by consuming small organisms (plankton) and then releasing nutrient-rich waste which then helps raise plankton populations, the Crypto Whale Shark project aims to stimulate the NFT ecosystem by circulating and recycling digital assets. By creating a dynamic and self-sustaining ecosystem, the project will address the challenges faced by the current NFT ecosystem and inspire other developers to drive innovation and growth in the world of digital assets.
The Crypto Whale Shark project aims to build an extremely resilient NFT community by putting in place the right incentives and digital infrastructure for recirculating tokens and assets through the platform. The Crypto Whale Shark project achieves its goal of recirculating tokens back to the community through a combination of liquidity mining incentives and smart token contracts.
Resilient NFT communities are built when the right incentives and digital infrastructure are put in place. A well-designed NFT platform should incentivize users to participate, hold onto their assets, and actively contribute to the ecosystem. This can be achieved through the use of various mechanisms such as liquidity mining, staking rewards, and community engagement programs.
Liquidity mining incentivizes users to provide liquidity to the platform by rewarding them with tokens. This not only helps to increase the liquidity but also creates a more vibrant ecosystem where users are actively engaged in trading and exchanging our assets.
NFT rewards encourage users to hold onto their assets for longer periods of time. By giving NFT holders a portion of market fees, NFT communities can be made more resilient.
With the implementation of smart contracts and the incentivization of liquidity through token rewards, this NFT platform creates a self-sustaining ecosystem where NFTs continuously circulate and users are motivated to participate and hold onto their assets. This results in an equitable ecosystem where users can buy, sell and earn gas incentives for their participation. With these mechanisms in place, the platform is potentially able to withstand market volatility and continue to thrive regardless of the overall market conditions. By establishing the right incentives and digital infrastructure, NFT communities can become more resilient, active, and sustainable, leading to a thriving NFT market where users are motivated to contribute to the ecosystem and benefit from it in return. CWS sets its sights on setting the standard in the NFT market through the creation of a self-sustaining ecosystem that prioritizes user incentives and equal opportunities for participation.
The Crypto Whale Shark project can be thought of as an island or archipelago system, and the NFT community as the inhabitants of this island. Just as an island must have the right infrastructure and resources to support its residents, the Crypto Whale Shark project must have the right digital infrastructure and incentives to support its NFT community. The inhabitants of this island must be able to weather the storms of market volatility, just as an island must withstand the storms of hurricanes. To achieve this, the Crypto Whale Shark project is providing its NFT community with the necessary resources and incentives to remain strong and resilient.
Liquidity mining and NFT token streams are like the island's source of food and water, providing its residents with the resources they need to survive and thrive. Similarly, smart token contracts are like the island's recycling system, ensuring that waste is recirculated back into the ecosystem to support its inhabitants. These mechanisms help to create a self-sustaining NFT ecosystem that is able to withstand the challenges of market volatility.
The overall crypto NFT community are like sailors navigating the rough crypto seas. They set out on their journey with the goal of seeking rewards, incentives, and more, just as sailors embark on voyages in search of new discoveries and opportunities.
An island must have a strong and resilient community to survive and thus the Crypto Whale Shark project must have a strong and resilient NFT community to achieve its goals. By putting in place the right incentives and digital infrastructure, the project is creating an NFT community that is as strong and resilient as an island able to withstand the strongest of storms.
The Crypto Whale Shark project acts as a beacon a shinning light, guiding these sailors to a safe and thriving NFT island where they can find what they are looking for. The island provides the sailors with the resources they need to succeed and create a self-sustaining NFT ecosystem.
In this metaphor, the Crypto Whale Shark project is not just a safe haven for NFT sailors, but also a thriving and dynamic ecosystem that offers its inhabitants the opportunities they seek. As the sailors navigate the rough crypto seas, the island remains a constant source of stability and support, helping them to achieve their goals and succeed in the world of NFTs.
One of the main drawbacks of the Crypto Whale Shark project is that the barrier to entry is relatively high. To fully participate in the project and reap its benefits, individuals need a certain level of knowledge about cryptocurrency and working with liquidity pools and token staking. This can be seen as a challenge, as it may limit the potential pool of participants and make it difficult for those who are new to the world of NFTs and cryptocurrencies to get involved.
By extending an invitation to established NFT communities, the Crypto Whale Shark project can tap into a pool of experienced and knowledgeable individuals who understand the intricacies of the crypto world. These individuals can not only help to lower the barrier of entry for new participants but also provide valuable insights and feedback to help improve the project over time.
Outline of Project
The project has 4 main tokens inside of its ecosystem which we will discuss in detail.
ERC-721 - The Art PFP NFT based on pixelated Whale Sharks.
ERC-20 - Plankton - Baby BuyBack Token
ERC-20 - Phyto-Plankton - LP Token 1 → BBB + Gas (ETH)
ERC-20 - Zoo-Plankton - LP Token 2 → BBB + Reward (wBTC)
Next is the smart contracts habitats that form part of the overall ecosystem. These contracts are also known in-house as “islets” & "habitats":
The Oceans Origin - the NFT Event of the minting contract
The Shipwreck Reef - gas splitter, receives gas from royalty sales and distributes it to the PBB.
The Pirates Booty Bay (PBB) - distributes instantly ERC-20 to NFT holders
The Mangrove Lagoon - distributes vesting ERC-20 to NFT holders
The Deep Sea Vault - LP2 token staking and LP1 token rewards
The Plankton Sea - set of planned tools, not a smart contract.
The Shoal Reef - off-chain governance system
The Shiver Reef - on-chain governance system
The Lighthouse Locker - token & project treasuries
TOKENS
The tokens in the CWS ecosystem serve a variety of purposes and play a crucial role in maintaining its stability and growth. These tokens provide utility such as liquidity mining rewards, staking incentives, and fees generated from NFT and token markets. They also help to create a self-sustaining ecosystem where users are incentivized to participate and hold onto their assets. Through smart contracts, fees are automatically recirculated back to users, creating an equitable market where everyone benefits.
ERC-721 - PFP NFT
ERC-721
Based on Whale Sharks
The metaphor of the whale shark as the centerpiece of the Crypto Whale Shark NFT project speaks to the unique and important role that this token plays in the NFT ecosystem. Just as the whale shark filters out and consumes the smallest creatures in the ocean, the Crypto Whale Shark NFT gathers and accumulates ETH gas, generated through NFT market sales. This process of gathering and circulating ETH gas contributes to the overall strength and resilience of the NFT ecosystem, creating a sustainable and self-sustaining market for NFTs. In this way, the Crypto Whale Shark NFT serves as a powerful and influential token that helps to maintain the balance of the CWS ecosystem, much like the whale shark plays a crucial role in maintaining the balance of the ocean.
The Crypto Whale Shark NFT project draws parallels between its token and the whale shark in the ocean by comparing the smallest units of value in the ecosystem to the organisms that the whale shark feeds on. Just as the whale shark filters out and consumes the smallest creatures in the ocean, the Crypto Whale Shark NFT gathers and accumulates the smallest units of value in the form of ETH gas, generated through NFT market sales. This process of gathering and circulating ETH gas contributes to the overall strength and resilience of the NFT ecosystem, creating a sustainable and self-sustaining market for NFTs. In this way, the Crypto Whale Shark NFT serves as a powerful and influential token that helps to maintain the balance of the ecosystem, much like the whale shark plays a crucial role in maintaining the balance of the ocean.
ERC-20 - Main Token
PLANKTON
Baby BuyBack Token
In the ecosystem of the Crypto Whale Shark project, the ERC-20 token called "plankton" represents the smallest units within the system, just as plankton is the smallest form of marine life. These tokens function as a baby buyback token, meaning that a portion of the fees generated through transfers is redirected to liquidity pools, the token treasury, token holders, and developers. Additionally, the Plankton token also allocates a portion of its token treasury to buy back the token, further incentivizing users to hold it. This dynamic creates a closed loop system where the Plankton token continually generates rewards in wBTC, the ultimate gas token, which further adds to the overall stability and sustainability of the ecosystem. This system of redirecting fees promotes the growth and resilience of liquidity, as a portion of the treasury is also used to purchase LPs and tokens. The metaphor of plankton being the smallest units in the ecosystem, and the Crypto Whale Shark being the largest and most important player, highlights the interdependence and balance within the system. Just as whale sharks filter feed on plankton in the ocean, the Crypto Whale Shark project filters and redistributes tokens and fees back to the community, creating a self-sustaining and resilient ecosystem for NFTs.
By choosing wBTC as a reward for holding the ERC-20 token Plankton, the Crypto Whale Shark project aims to create a self-sustaining ecosystem that is resilient to market trends. Bitcoin is widely recognized as a pioneer in the world of cryptocurrencies and has established itself as a household name in the industry. It is an innovative piece of software that utilizes blockchain technology to offer a secure and decentralized method of payment. By choosing wBTC as a reward token, the Crypto Whale Shark project can tap into the widespread recognition and trust that Bitcoin has built over the years. This can help to further strengthen the community and incentivize token holders to participate in the ecosystem. The continuous accumulation of wBTC, regardless of market trends, reinforces the community's resilience and stability. Owning bitcoin in today's world has become increasingly important as it is recognized as a valuable software asset. The Crypto Whale Shark project aims to provide users with an opportunity to participate in this ecosystem and benefit of owning Bitcoin.
In the Crypto Whale Shark (CWS) ecosystem, two additional ERC-20 tokens, Zooplankton (Zoo) and Phytoplankton (Phyto), play a significant role and complement the main token and they are both LP tokens that hold Plankton. These LP tokens play an important role in the ecosystem by allowing whale sharks to receive rewards through LP mining systems. The metaphor represents the filtering or feeding process that the whale sharks use to receive the benefits generated by the Plankton token.
ERC-20 - LP1
ZOO - PLANKTON
LP Token 1 → BBB + Gas (ETH)
The first token, Zooplankton (zoo), is an important part of the CWS ecosystem. It is an LP (liquidity pool) token that contains both gas (wETH) and the main token plankton. Having a liquidity pool is important because it provides stability and helps ensure the smooth functioning of a decentralized system. In the case of CWS, the liquidity pool is enforced by code through the plankton token. This means that the token auto buys LPs from sales and token buybacks, which helps ensure that it remains healthy and resilient. The Zooplankton token is then redistributed to the community through liquidity mining, which incentivizes the community to provide liquidity and maintain the ecosystem.
ERC-20 - LP2
PHYTO - PLANKTON
LP Token 2 → BBB + Reward (wBTC)
The second LP token, Phyto, contains both the reward token (wBTC) and the main token (Plankton). This LP token is not enforced by code but rather by liquidity mining. Staking Phyto LP2 will result in the receipt of Zoo LP1. This creates incentives for holding and staking the Phyto token, as it is also the token that will be distributed to Whale Shark holders. By incentivizing holding and staking Phyto, it creates a self-sustaining ecosystem and strengthens the resilience of the community.
ISLETS & HABITATS
The smart contracts in the CWS ecosystem, also known as islets & habitats, play a crucial role in the functioning of the ecosystem. These contracts serve as the platform for the tokens (ERC-20 & ERC-721) to interact with and within the CWS ecosystem. The islets are responsible for executing various functions such as liquidity management, and community incentives. They form the backbone of the ecosystem and are crucial for its stability and growth. The habitats on the other hand reffer to the lesser smart contracts or spaces for the community that are not as established as the islets.
THE OCEANS ORIGIN
The Ocean's Origin is the birth of The CWS Ecosystem and it starts at the minting of the NFT. Just like the ocean is the origin of all life on earth, this smart contract will be the origin of the NFTs within the CWS ecosystem.
The act of minting NFTs is a one-time process, akin to the creation of the oceans. The NFTs minted through this contract will form the foundation of the CWS ecosystem and play a crucial role in shaping its future. The choice of this name serves as a reminder of the significance and importance of this initial minting process, and highlights the role that NFTs will play in shaping the ecosystem.
The ocean is widely considered as the origin of life on Earth and its importance cannot be overstated. It's not only home to a diverse range of species and ecosystems but also plays a crucial role in regulating the planet's climate and weather patterns. The metaphor of "The Ocean's Origin" as the name for the first season in the CWS ecosystem can be a powerful way to bring attention to the declining state of our oceans and the need to protect and preserve them. Just like the ocean is the source of life, this initial NFT minting contract is the source of the unique digital assets that will exist within the CWS ecosystem. The one-time minting process also mirrors the rarity and uniqueness of the diverse species and habitats that are found in our oceans, reminding us of the importance of protecting and preserving these precious resources for future generations.
The Shipwreck Reef
The Shipwreck Reef is a smart contract splitter that plays an important role in the NFT ecosystem. It is responsible for receiving gas fees from NFT royalty sales and distributing it among various parties such as the NFT community of whale sharks, the developers, the token treasury, and the harvesters of the strategy. This contract works as a bridge between the NFT sales and the Pirates Booty Bay, where a small percentage of every NFT sale is sent.
The metaphor of The Shipwreck Reef is evocative of the idea of a sunken ship that has become a thriving ecosystem for marine life. Just as the real-life shipwreck can become a hub for various forms of marine life, the virtual Shipwreck Reef Habitat serves as a hub for various elements of the NFT ecosystem. The strong currents, which make it difficult to navigate and survive in the shipwreck reef, symbolize the challenges and complexities that exist in the NFT world. Yet, despite these difficulties, the shipwreck reef serves as a source of valuable resources and a place of thriving life.
Similarly, the virtual Shipwreck Reef Habitat serves as a source of valuable resources and a place of thriving life within the digital world. By emphasizing the parallels between the virtual and the real-world ecosystem, the name Shipwreck Reef highlights the idea that NFTs can be valuable and thriving ecosystems in their own right within the digital world. This metaphor is a powerful reminder of the importance of preserving and nurturing these digital ecosystems for the benefit of all who participate in them.
The Pirates Booty Bay (PBB)
The Pirate's Booty Bay is a smart contract known as an NFT instant stream. Its purpose is to distribute ERC-20 tokens instantly to NFT holders. This contract is responsible for distributing the percentage of sales collected from NFT transactions to all NFT holders. When a person sells an NFT, a small percentage of the sale goes to the Shipwreck Reef Habitat, and then gets passed on to the Pirate's Booty Bay. This means that if you own an NFT, you can go to the Pirate's Booty Bay and collect a share of every sale made.
In addition to distributing ERC-20 tokens, the owner of the project has the ability to distribute other tokens, such as the token "Plankton." The metaphor of the Pirate's Booty Bay being filled with Plankton highlights the idea of abundance and life within the digital world of NFTs. The strong currents and its proximity to the Shipwreck Reef make the Pirate's Booty Bay a hub of activity and a reason for ships (representing NFT transactions) to dock and receive their share of the bounty. This concept emphasizes the value and thriving ecosystem that NFTs can create within the virtual world.
The metaphor of the Pirates Booty Bay as a thriving harbor filled with abundance and life highlights the idea that NFTs, when managed properly, can create a self-sustaining ecosystem within the digital world. Just as a harbor provides a reason for ships to dock and exchange goods, the Pirates Booty Bay provides a reason for NFT holders to engage and reap rewards within the ecosystem.
The relationship between The Shipwreck Reef Habitat and The Pirates Booty Bay is essential for the health and success of the ecosystem. The Shipwreck Reef acts as the gatekeeper, collecting fees from NFT sales and directing them into the Pirates Booty Bay. This distribution of wealth ensures that all members of the ecosystem, including NFT holders, the developers, and the token treasury, benefit from the success of the project.
In this way, the two smart contracts work together to create a thriving and sustainable NFT ecosystem, much like how the ocean currents and the abundance of sea life within a shipwreck reef can create a thriving underwater habitat.
Mangrove Lagoon
The Mangrove Lagoon Reef Habitat serves as a metaphor for a token stream that distributes tokens to NFT holders, but with a vested emission instead of an instant emission like the Pirates Booty Bay. Just like how a mangrove lagoon acts as a buffer zone in the ocean, providing a safe haven for a variety of species and protecting the shoreline from erosion, the Mangrove Lagoon Reef Habitat serves as a protected area for NFT holders to receive their token rewards at a slower, vested pace. The roots of the mangrove trees in the lagoon also provide a nursery for young fish and other creatures, similarly, the Mangrove Lagoon Reef Habitat acts as a supportive environment. The mangrove lagoon ecosystem is a slow-acting system and is a perfect fit for the metaphor of vested emission.
This metaphor highlights the idea that the NFT ecosystem can be productive and slow-acting, just like the mangrove ecosystem. On the other hand, the Pirate's Booty Bay with its instant emission system is more like a bustling harbor, representing the fast-paced, dynamic nature of the NFT world.
The Deep Sea Vault
The Deep Sea Vault serves as the hub for liquidity mining and staking in the CWSS ecosystem. By staking their tokens, NFT holders can receive rewards and participate in the growth of the ecosystem. The term Deep Sea Vault alludes to the idea of a hidden treasure trove, which fits well with the idea of this hidden liquidity pool. The metaphor emphasizes the idea of rewards for those who are willing to navigate the complex world of token staking and find The Deep Sea Vault.
In the larger NFT ecosystem, the Deep Sea Vault acts as a crucial component that helps drive growth and sustainability. By incentivizing token holders to stake and participate in the ecosystem, the Deep Sea Vault helps to build liquidity. Furthermore, the rewards offered by the Deep Sea Vault serve as a motivator for users to stay engaged and continue to contribute to the ecosystem.
Overall, The Deep Sea Vault serves as a unique and important part of the NFT ecosystem, providing rewards and driving growth through staking and liquidity mining.
Having a liquidity mining staking pool like the Buried Booty Reef provides several benefits to the community. By staking the Phyto token, which is incentivized by the pool, users are able to earn rewards in the form of Zoo tokens. This creates an incentive for users to provide liquidity to the system and help keep the markets for the underlying assets, such as Plankton and WBTC or WETH, more efficient and stable.
In addition, this type of system also helps to distribute tokens to users who are actively participating and contributing to the ecosystem, instead of just a select few who hold a large amount of tokens. This can help to increase overall decentralization and community engagement, as well as provide an opportunity for smaller players to earn rewards.
By having a well-functioning liquidity pool, the overall ecosystem can also benefit from improved price discovery and reduced volatility in the market, which can make the system more attractive to new users and investors. Overall, the Deep Sea Vault system provides a win-win scenario where both the users and the ecosystem as a whole can benefit.
Governance Systems
Shoal Reef, Shiver Reef & Plankton Reef
The CWS ecosystem is made up of various islets & habitats, each representing a different aspect of the system. We have the mangrove lagoon, the hidden reef, the buried booty reef, and the plankton sea. The Shoal Reef represents the non-binding vote & community sentiment, where platform users can share their opinions on various matters through voting in open social media discussions. The Shiver Reef, on the other hand, is the specific governance system for NFT holders, where they can cast their votes on important decisions. The Plankton Reef, which is still in development, represents the governance system for token holders where they can vote on matters related to the code infrastructure of the ecosystem. Thus, while the NFT holders can have a say in branding and creative projects through the Shoal and Shiver Reef, the Plankton Reef allows the token holders to govern the technical aspect of the system. Each of these habitats is interconnected and contributes to the overall health and growth of the CWS ecosystem, just as the creatures and habitats in the ocean support each other.
Treasury
The Lighthouse Locker
CWS can be seen as a lighthouse in the vast and tumultuous ocean of the crypto world. This lighthouse serves as a beacon of safety and stability for all NFT sailors, providing them with a secure and sustainable ecosystem. The "Lighthouse Locker" serves as the token treasury, where the token auto buys itself and creates liquidity, ensuring that the NFTs within the ecosystem are protected from the harsh tides of the crypto seas. The LP tokens, controlled by the developers, provide a steady stream of resources to keep the lighthouse shining bright.
As the CWS protocol develops and matures, it may restructure itself to include a multisig wallet and a form of decentralized governance, such as a DAO, to manage these funds. This will give the CWS inhabitants more control over the direction and future of the ecosystem. The island of CWS, in this metaphor, represents a safe haven for NFTs, where they can thrive and flourish in a community of like-minded individuals. The crypto NFT sailors of the crypto seas are welcomed with open arms to the island of CWS, where they can enjoy a secure and equitable NFT market.
Future Deployments
Plankton Sea
The vast plankton sea full of opportunities represents the potential for growth and vitality within the ecosystem. We could expand upon the current smart contract system in various different ways. The future holds the potential for even more exciting possibilities, including paving the way for creative projects and incorporating more gamefication elements, further promoting a thriving and dynamic environment for NFT enthusiasts and beyond.
Conclusion
The Crypto Whale Shark Ecosystem is a visionary project that uses marine life as inspiration to create a thriving digital world. At the core of this ecosystem is the metaphor of whale sharks, which play a vital role in the balance of the ocean by consuming small organisms and releasing nutrient-rich waste, which in turn helps raise plankton populations. Similarly, the Crypto Whale Shark project aims to circulate and recycle digital assets to stimulate the NFT market.
The Crypto Whale Shark project serves as a lighthouse for the NFT community, guiding them through the crypto world with its beacon of light and a beacon of hope for a better, more connected future. It's a shining example of how the crypto world can learn from the beauty and complexity of nature and use it as a blueprint for creating a sustainable and thriving digital ecosystem.
The CWS Ecosystem is more than just a collection of NFTs and tokens, it's a living, breathing digital world with a strong and resilient community at its center. In the Crypto Whale Shark ecosystem, the NFTs play a crucial role in maintaining the overall health of the habitat. The NFTs are crucial to the overall health of the ecosystem and serve as the "islands" or “habitats” within it.
Just like real ecosystems, the Crypto Whale Shark ecosystem requires resilience to thrive. This resilience is achieved through a symbiotic relationship between the NFTs an the token staking systems. In this sense, the NFTs and the token staking form a symbiotic relationship, with each component supporting the other and helping to ensure the long-term viability of the ecosystem.
The internal mechanism set in place serve to validate and maintain the security of the ecosystem. The NFTs serve as nodes that secure the network and validate transactions, and in return, they receive rewards in the form of gas, similar to staking networks.
In this way, the circular relationship of Crypto Whale Shark ecosystem operates as a self-sustaining, interdependent network, where each NFT and token serves a specific function, and the health and success of the ecosystem depends on the health and success of each individual NFT and token within it.
By participating in the network and holding NFTs or staking tokens, individuals can play an active role in supporting and maintaining the ecosystem and its habitats. The Crypto Whale Shark project is a bold and ambitious venture that promises a new era of NFT ownership and represents a shining example of how the crypto world can learn from nature and create a sustainable digital ecosystem.
Crypto Whale Sharks - Q2 2023
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