What Is OnChain Whales (OCW)?
OnChain Whales (OCW) is an NFT project built on the XLS-20d protocol of the XRP Ledger (XRPL). It consists of 10,000 unique pieces of art split into two categories: 1,000 complete tiered artworks, and 9,000 artworks that represent ALL investors within the OnChain Whales community. Unlike other NFT projects, these 9,000 artworks are sliced into four corners, allowing community members to claim, trade, and collect these cards until they have a combination of four corners that is personal and expressive. These 4 cards can then be burned in return for a whole whale NFT, made from the specific combination that was collected. OnChain Whales aims to encourage participation from all levels of investors and allow everyone the opportunity to express themselves with a unique and personalized whale.
Who Are the Founders of OnChain Whales?
The founders of OnChain Whales are Liam, Josh, and Jordy. Liam is the Head of Creatives and Front-End Developer, Josh is the Lead XRPL and Back-End Developer, and Jordy is the Media and Community Manager.
Not much information is publicly available about their full name that we could find, but they have also founded a stayking platform on the XRP Ledger called Staykx. They're a team of developers and designers who are passionate about NFTs and the potential they hold for the future of digital ownership.
What Makes OnChain Whales Unique?
OnChain Whales (OCW) is unique in several ways:
- Personalized and Unique NFTs: The OnChain Whales NFT collection allows for 6.5 quadrillion unique combinations, offering each investor the opportunity to create a personalized and unique whale design.
- Inclusivity: Unlike many other NFT projects that offer a limited number of high-priced pieces, OnChain Whales allows for participation from all levels of investors, with a majority of its collection made up of Common Whales, which are affordable and allow for more community involvement.
- XRPL-Based: OnChain Whales is built on the XRP Ledger, which is known for its fast, reliable, and cost-effective transactions.
- Future Plans: The team behind OnChain Whales has plans for the long-term success of the project, which includes community involvement and feedback to propel the project forward.
- Synergies with Staykx: The founders of OnChain Whales are also behind Staykx, a staking platform on the XRP Ledger, which allows for added synergies and potential benefits for investors in both projects.
OnChain Whales (OCW) has a total supply of 36,000 tokens, with no plans for minting more in the future. The token will be used as an IOU token prior to the minting of the NFTs on the XRPL.
The tokenomics of OCW are as follows:
- 50% of the tokens will be allocated to Advisors, Marketing, and Operations.
- 35% of the tokens will be allocated to Airdrops and Giveaways.
- 15% of the tokens will be allocated to the Founders.
The token will be redeemable for Common Whale quarters, which are the building blocks for the unique NFTs offered by OnChain Whales. The company has stated that any sales from the project will be conducted in a manner that does not negatively affect price movements.
The OnChain Whales NFTs
OnChain Whales NFTs consist of 10,000 unique art pieces divided into two categories: Complete Whales and Common Whales. The Complete Whales comprise 1,000 tiered artwork NFTs, with each tier increasing in rarity and quality, including 900 Rare Whales, 90 Ultra-Rare Whales, 9 Precious Whales, and 1 52-Hertz Whale. The Common Whales consist of 9,000 artworks that represent all investors within the OnChain Whales community. These 9,000 artworks are divided into four quarters, resulting in 36,000 cards. The community can claim, trade, and collect these cards until they have a combination of four corners that is personal and expressive. These 4 cards can then be burnt in return for a whole whale NFT made from the specific combination that was collected.
What purpose does OnChain Whales (OCW) serve?
OnChain Whales (OCW) is an NFT project built on the XRP Ledger, aiming to provide a unique and personalized NFT experience for all levels of investors in the crypto community. The project offers a collection of 10,000 unique whale-themed NFTs split into two categories: 1,000 complete tiered artworks, and 9,000 common artworks that represent all members of the OnChain Whales community. Each of the 9,000 common artworks is split into four quarters, creating over 6.5 quadrillion unique combinations that investors can collect and trade until they have a combination that is personal and expressive. Once an investor collects a specific combination, they can burn the four quarters in return for a whole whale NFT made from that combination.
The project also features a deflationary nature, with a total cap of only 9,000 common whale NFTs, making them a limited and unique asset. The tokenomics of OCW feature an IOU token that investors can use to redeem random common whale cards until the XLS-20d standards are released on the XRPL. Investors can also benefit from holding complete whale NFTs, which grant them several benefits, including merch offers, discount codes, and community elder roles.
Overall, OnChain Whales aims to provide a transparent, unique, and personalized NFT experience for all investors in the crypto community, while promoting community engagement and creativity.