White Whale Alpha Hour!

Recorded: Feb. 11, 2023 Duration: 0:15:58

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Hello everybody, it's Dr. Dorskoyne coming to your live from the orbital command camp today. We're going to show you in the next hour with a team at Whitewell to discuss some epic alpha that is occurring over there. And I'm going to just take a second to bring up the team. Give me two seconds.
And once 10 come is up, we'll find out if anyone else from the team jumping up and then we'll get into it.
loving it. Then come. You should be able to speak now. I am able to speak. Hi. How are you doing?
I'm doing it fantastic. I'm just multi-tasking at the moment. My dogs work at the same time as me and so I'm just taking the dog outside to the bathroom and they'll be back in the office in a minute. We have an injured bird in the yard. I'm trying to make sure my dog doesn't eat the bird at the same time.
It's a little mini dash-hound so she's a little hunting dog. Gotcha. Yeah, but with that aside, how are you going? Whereabouts in the world are you and what? What's the time over there? So I'm in Germany and it's 9 p.m. here.
Yeah, got it. Well, we'll get this shown the rose, you can get to bed out of reasonable hour. Of course, there is plenty of alpha on the way. You guys have been doing big things and I only really started talking about it over the last couple of weeks. Fared me two seconds.
I'm bringing her inside. I can see her sniffing for the bird. Yeah, you've got plenty of big things that have been happening, and of course, you know, we're going to get into those.
people that might not even be aware of what while and what you guys have been up to in the past. So let's just do a quick tale of what while origins the team behind it.
Sure. So, White Whale was founded almost two years ago by Sebastian. And he's not here today, but he's our founder and CEO. And back in the day, the idea was to democratize and decentralize the
peg keeping off the USD and Luna peg. Now obviously that didn't work out so we were alive on Maynet by the time we had arbitrage spots running, flash loans. I think we had a TVL of around 40 or 50
50 million at the peak, but a couple of months after Maynard everything collapsed. So, while a lot of, unfortunately, a lot of projects and people left the space, we decided to stay
and pivot with our model to something more interchange-focused that aligns with the technological trends and ethos of the Cosmos ecosystem and this is where we are now.
Yeah, fantastic and just so that everyone's also aware your role specifically at what well?
I'm the CTO of Wide Wales.
Excellent and the team overall size wise We have around 12 members in the team
Most of them full time, a couple of part time guys Some guys doing infrastructure with validators some smart contracts Marketing business development. Yeah, awesome. So you're
bit very set of that call. You're very keen to get the out around let the people know what's been going on. Maybe let's just do something similar. So jump into the deep end here and then we'll sort of work our way backwards.
All right, so what do we do now? So we just really, you're a miracle that sorry, I think I got some connection issues. Let me change my white side.
All right guys, can you hear me now? Yeah, I can. Clear. Okay. Can you repeat the question real quick? I missed it. Yeah, oh, good. I was just saying a couple of weeks ago when you were on Bites Digital for the first time talking about
about what WattWalla working on, you were chomping at the bit to relay the alpha. And so I thought, well, just in similar, let's sort of jump into deep end, you can drop a couple of the big announcements and then we'll sort of work our way backwards and get through the finer details.
Yes, let's do this. So, biggest alpha, there will be a chain. It's going to be called megaloots. It will be permissionless, wasn't chain. And it's going live, fingers crossed very, very soon.
And obviously they will be in very large air drop. So everybody, every lunatic here who hold health whale back in the days on Terra Classic will get their tokens back one to one.
And there's also a new AirDrop, a second AirDrop for all the new communities that we have, you know, our interchange protocol on. That means Tara, Juno, Injective, Condex, Chiwawa,
Yeah, those five and Adam obviously
I kind of hear a thing you were saying. Is that happening for anyone else? I'll be curious to hear maybe the Watt Watt account is having the same issue.
Yeah, in the beginning you were cut off a couple of times or book or orbital command that is I hear it's sandcon Hello
Hello? Oh, hello. How are we going there?
Good, good. Can you guys see me now? I can hear you. Could you hear San Com speaking?
Yeah, I can hear San Com speaking, but apparently he doesn't hear me right.
We won't have a three-way thing going on where
you can hear me. Wait, I'll just rejoin. Let me rejoin. I think these Twitter spaces have been buggy lately. Yeah, it's a shame because I can't hear. They're really good for quite a while. You do a lot of bugs in the early days.
And then it kind of got ironed out and it's only just in the last month that I've been running into these again. It's a little bit frustrating, but we're working our way around it. I'll see you again now. So I don't know if that was just because Wild Wild had joined that had cut you out, but I can see you again, St. John.
Okay, great. So anyway, so this is the alpha, big new chain, launching very very soon and large air drop. And if you like, we can go more into the specifics of what the chain actually will look like.
who is going to build on it and what to expect from this. Sure, what I'll do as well just to drop a little bit further information before you go into the China Self is there's an information around the edge of it.
Not sure if you heard that one saying come did you get me?
I only got a half of it. I don't know. Do you guys have, you know, in the space here, do you have similar problems? Or is it just me? Maybe I just restart my app here.
Wait a second.
What's the thumbs down from JJ? Won't bring JJ up for a second as well, just as he can beat my...
buffer in case
the sand's dropping out.
We'll show it out.
So you we up as a speaker and then that way hopefully if then comes popping out we can kind of cross cross uh what do you call it check notes yeah
you can make me make me co-host so that maybe our signals can be stronger. I don't know. We'll just try it. Right? Tom, two is eMe26. Elon Musk is rugged us again. Come on, Elon. Let's go.
I was just saying, I was just saying, just before you go into the chain itself, you did mention the air drops now of course there's been a reduction in the token supply and of course that means different things about the air drops. Can you just elucidate or divulge a little further on the details
of that for the people please. Of course. So back in the days there was a total supply of 1 billion whale tokens and there were around 100 million in circulation. So everyone that held whale, we get their tokens back so the air drop will
be around 100 million, but we reduced the total supply by 400 million. So even though you get the same amount of tokens when you claim your airdrop, it will be, there will be almost half in circulation. So you get
it almost double the share of the network now. And that's quite a significant reduction in total supply. And then there's the second air drop, which will be to Stakers on, you know, the chains I just mentioned. So Juno Terra Chihuahua, Injective Condix and Atom.
And double points if you delegate to our validator, but even if you don't, you still get an error drop.
And we're air dropping. I think this was disclosed in the medium article two and 1% of our total supply to each chain respectively.
I was going over those tokenomics of the medium article you put out. I thought it was pretty interesting. The disbursement is very fair. I don't know if you guys better chance to read it in the audience, but let me just came out yesterday. You guys see that? Did you see a dust coin?
you might be busy maybe his talk is eating the bird right now so we might as well just keep talking yeah yeah that's why I won't have a co-host I'm not sure what's up yet if anyone's talking I'm not talking I would stop someone I'm getting nothing I'm getting
zero signal and I've heard nothing for the past two minutes it's quite frustrating. What I'll do we can hear you again and I'm gonna stop the space and restart and hopefully
it will start fresh. Yeah, so be with me a minute. I'll start the space. Feel free to jump back in and hopefully we've got a bit of
for the next two seconds. All right, let's try again, guys, for everybody else who can hear we can

FAQ on White Whale Alpha Hour! | Twitter Space Recording

Who is the host of the podcast?
Dr. Dorskoyne
What is the name of the team being discussed in the podcast?
White Whale
When was White Whale founded?
Almost two years ago
What was the original goal of White Whale?
To democratize and decentralize the peg keeping off the USD and Luna peg
What happened after White Whale launched on mainnet?
Arbitrage spots were running, flash loans were available and TVL peaked at around 40-50 million, but a few months after, everything collapsed
How did White Whale pivot after the collapse?
To something more interchange-focused that aligns with the technological trends and ethos of the Cosmos ecosystem
What is the role of the podcast guest in White Whale?
CTO
How many members are in the White Whale team?
Around 12, most of them full-time and a couple of part-time
What is the biggest alpha mentioned in the podcast?
A new chain called Megaloop, which will be permissionless and going live soon, with a large airdrop to those who held health whale back in the days on Terra Classic, and a second airdrop for new communities that White Whale has their interchange protocol on
What is the reduction in token supply for the airdrops?
The total supply has been reduced by 400 million, so even though you get the same amount of tokens when you claim your airdrop, there will be almost half in circulation, thus getting almost double the share of the network now