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馃挵 Whaleshares Sharedrop Claim Announcement - Instructions Inside!

whalesharesPosted 2 years ago for Everyone to comment on6 min read


It's time to claim your sharedrop!

The sharedrop claim period will allow us to begin on-boarding new members to the platform and provide people who have earned and held on to the original WHALESHARE cross-chain tokens a chance to claim their sharedrop and begin posting, sharing and networking before the general public.

馃搮 The claim period will be active from August 15th, 2018 through September 15th, 2018 and constists of 3 claim phases.

Claim Phase 1
To create your Whaleshares account and/or claim your sharedrop on week 1, starting August 15, 2018 and ending on August 23, 2018 @ 00:00:00Z (block 29850078 on Bitshares chain) it will require 500 WHALESHARE tokens*.

Claim Phase 2
To create your Whaleshares account and/or claim your sharedrop on week 2, starting August 23, 2018 @ 00:00:01Z and ending on August 31, 2018 @ 00:00:00Z (block 30080478 on Bitshares chain) it will require 250 WHALESHARE tokens*.

Claim Phase 3
To create your Whaleshares account and/or claim your sharedrop on weeks 3 and 4, starting after August 31, 2018 @ 00:00:01Z and ending on September 15th, 2018 @ 23:59:59Z it will require only 1 WHALESHARE token.
This is per BTS account claiming a sharedrop.

Instructions for account creation and claiming are below.

WLS Sharedrop Distribution

Here are the final sharedrop supply and drop ratios for BTS, Brownie.pts and WHALESHARE tokens.

Initial WLS Supply = 21 Million
18,900,000.000 WLS to Sharedrop on Token Holders

Whaleshares = 2.1 Million drop on 250,000 Supply
Brownie.pts = 2.1 Million drop on 9,400,000 Supply
Bitshares = 14.7 Million drop on 1,777,494,274.2983203 Supply

Distribution Ratio per 1 Target Token held:
BROWNIE_PTS/WLS = 0.223404
BTS/WLS = 0.00827

Native WLS tokens have been reserved for Bitshares accounts holding any of these tokens at the time of the snapshot and will be applied to the the claimant's Whaleshares account as vested WHALESTAKE.

**NOTICE:** Because this project is intended to support the Bitshares Community and the Native Bitshares DEX, it was decided that all centralized exchange accounts would be removed from the sharedrop. There was little chance of centralized exchanges honoring the WLS token sharedrop to the individual account holders anyway. The updated BTS distribution has a supply of 1,777,494,274.2983203 with a sharedrop ratio of 0.008270 WLS per BTS. **The difference of 'unclaimed' WLS from this change will be added to the account creation reserve pool.**

How to Claim you WLS Tokens

We have created a very easy-to-use, all-in-one account creation and sharedrop claim process. You will need to verify your Bitshares account to apply the claim to your Whaleshares account. Please follow the instructions below to get started.

  • Only Bitshares accounts on the Sharedrop Snapshot can claim/create an account at this time, newly created Bitshares account cannot.
  • Any one Bitshares account can claim only once.
  • Multiple Bitshares accounts can claim to one Whaleshares account.
  • The Account Creation/Claim Fee is per claim/ new account creation.
  • Invalid claim memo in first 2 weeks will be refund after the sharedrop-period.

馃挕 Note: If you have multiple Bitshares accounts, you can claim the sharedeops for all of them to one Whaleshares account, or each one to its own Whaleshares account. It's your choice. If you have multiple BTS accounts you want to claim from, it will be better to wait until after September 1st so it only costs 1 WHALESHARE per claim unless you have saved up a lot of WHALESHARE tokens.

To create a NEW Whaleshares account and claim:

1) Go to https://wls.services

2) Leave the box UNchecked.

Enter the user name you want to check (or use if you have it already) and click "Check Available".

It will turn green if the account is available.

3) Next you will need to generate your account keys. Click the "Generate Random Keys" button.

You will be given a set of PRIVATE keys to your account. Save these in a text file to an external SD Card or USB drive, or write them down and save them in a secure place. IF YOU LOSE THEM, YOU LOSE YOUR ACCOUNT AND ANY FUNDS YOU HAVE. There is no way to recover accounts without the keys.

4) Click the "Show Me The MEMO" button to create your claim memo. This is the memo you will use to send the required WHALESHARE tokens to the claim account on the Bitshares DEX. Copy and save this memo so you have it.

The number of WHALESHARE tokens required and the Bitshares account to send them to is provided at the bottom.

5) Go to your Bitshares account to verify your account and claim any WLS tokens you are due from the sharedrop. You will need to include the supplied MEMO and send the correct amount of WHALESHARE tokens required as shown on the claim form to the wlsbts Bitshares account.

馃洃 NOTE: If you send the WRONG amount of WHALESHARE tokens, the transaction will be ignored and the claim process will not take place. You will have to send again with the correct amount of WHALESHARE. There is no process in place to refund tokens if the wrong amount is sent.

6) Wait for the Bitshares transaction to be confirmed and finalize, usually less than a minute. You can then go to http://Whaleshares.io and log in to your Whaleshares account using your Posting Key.

You will see your WLS sharedrop claim applied to your account as vested WHALESTAKE.

馃帀 That's it!

You can now begin using the Whaleshares platform, rewarding and sharing content by other members, and create your own content.

To use an EXISTING Whaleshares account and claim:

The process to claim to an existing Whaleshares is nearly identical to the process above. The only different is you will CHECK the top box and enter your Whaleshares account username. No new keys are generated, and the MEMO to send will be much shorter. All the other steps are the same.


The account creation/claim is ONLY open for BTS accounts that held WHALESHARE, BTS, BROWNIE.PTS on/before the snapshop date. (Bitshares Block 29222369 at 2018-08-01 03:18:51 UTC)

Other BTS accounts (not in the sharedrop) attempting to create/claim will be rejected and the system will automatically refund the WHALESHARE tokens sent at the end of the claim period (September 15, 2018).

Successful claims will apply your sharedrop as vested WHALESTAKE and the claim closed. The WHALESHARE tokens used to successfully create an account and/or claim the sharedrop are NOT returned or converted to WLS or WHALESTAKE. The are simply used as the Bitshares account verification fee and will not be redistributed.

# The door is always open,
come join us anytime!
**Stay tuned for official announcements in the coming days and weeks.** https://discord.gg/3pqBXKY

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