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I Have Delisted WHALECOIN As An Official Whale Token - Market Enabled Again

freedomexistsPosted for Everyone to comment on, 5 years ago3 min read

I am letting you guys know that after much deliberation and on speaking with @officialfuzzy I am delisting my token Whalecoin as an official Whale Token. Some people may not be happy with this move, others may be entirely indifferent. However, the community needs to appreciate that Whalecoin was not powered in the same way as most of the other Whale Token accounts were.

Last year over a period of 6 months I began saving the Whaleshares I earned through doing my shows and buying Whaleshares so I could maximise the Whalestake sharedrop. This amounted to 90% of the overall Whaleshares I held, the other 10% I was either given or I won. I amassed in excess of over 11,000 Whaleshares through hard work and investment. I believed in Whaleshares.

Shortly after the launch of the Whaleshares platform I was asked to shut down my Whalecoin market by the Dev Team who voted 15-1 to close all of the official Whale Token markets. Whilst I could have delisted as an official Whale Token at that stage and carried on trading I thought it was wise to suspend trading of Whalecoin in the hope it would achieve the desired effect - namely stabilising the platform and the price of WLS.

It has now been almost 4 months since the suspension of the token markets and the price of WLS has not improved, it has got worse. Obviously current market conditions in the cryptosphere mostly explain the current price of WLS, but not entirely. However, what is clear in my opinion is that there is a very tenuous link between the suspension of token markets and the price of WLS. Some people I have spoken to even say that closing the token markets has actually proven detrimental to Whaleshares and the price of WLS, perhaps this is true but I can not say for certain.

I don't believe that opening up the market for Whalecoin will have any negative impact on the price of WLS. Should I be proven wrong I will be quick to suspend trading again.

After all the hard work I had put in and all the time I had been patiently saving Whaleshares to power my token to then be told that I can not trade an asset that has value and that asset belongs to me was very frustrating and demotivating to say the least. The community needs to appreciate that I can use Whalecoin in whatever manner I choose, I can use it purely as an investment token if I desire, I could use it simply to enrich myself but I choose not to do this.

Since launching Whalecoin I have been very pro-active in supporting community members with various community initiatives and contests, I give thousands away each week for community purposes. My latest Whalecoin Curation Scheme is another example. I have been very generous with Whalecoin, yet some people ask for more and more and I often hear of ingratitude and criticism that token holders aren't doing enough. Some people even dictate how I should use my token, this is not welcome.

It is for all these reasons that I have opened up the marketplace again for Whalecoin and I will trade independent of the official Whale Token status. This move in no way affects any of the current sponsorship arrangements I have with people.

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