The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Speaking of WAL currency, this is the first time many investors have heard of it. Maybe everyone knows more about Whale Exchange. In fact, WAL currency is the platform currency of Whale Exchange. Whale Exchange is a decentralized exchange based on the EOS chain. This transaction has made improvements to the slow speed of decentralized exchanges. It empowers the exchange through the EOS chain. In addition, the exchange itself is very Excellent trading logic allows the exchange to achieve seconds of transactions and seconds of withdrawals. In response to the problem of transaction currencies, Whale Exchange has also developed cross-chain. So how many WAL coins are issued on the platform of Whale Exchange? Now let the editor of the currency circle introduce to you the total issuance of WAL coins.

## How many WAL coins are issued?

According to the investigation by the currency circle editor, the total number of WAL coins issued is 3.601 billion, the circulation is 2.995 billion, and the circulation rate is 83.18%. The biggest advantage of WhaleEx is decentralization. The user's private key is required for the entire transaction, but the platform does not obtain the user's private key, and the user's tokens are never entered into the exchange's account from beginning to end. As long as there are no loopholes in the WAL contract code, it is difficult for "exchanges to steal coins", "exchanges to manipulate market prices", or "exchanges to misappropriate user assets".

WhaleEx also has some problems. On the one hand, the WhaleEx white paper lists 4 core member information, none of which uses their real names. Whether in the white paper or the official website, WhaleEx does not give any investor or consultant information.

Based on various information, LianChaguan found that the main entity behind WhaleEx is "Shanghai Whale Information Technology Co., Ltd." with a registered capital of 10 million yuan, of which the major shareholder Zhao Yi holds 99%. CEO
Charlie, whose Chinese name is Zhang Junjing, holds 1% of the shares. He graduated from Fudan University in 2003 majoring in software engineering and is a former core member of the blockchain industry information platform "Alchemy". The opaque team information and high concentration of equity are one of the hidden dangers of WhaleEx.

## What is the use of WAL coins?

WAL coins have the following functions:

·No handling fee

Holding WAL can provide you with the right to waive handling fees:

Free quota = Locked WAL quantity × Yesterday’s average WAL price × Transaction rate

·Orca Project

Similar to the win-win trading plan, WhaleEx will provide partners with a complete exchange solution including technical support, matching engine, mobile market maker, operation and maintenance. Applicants need to hold 20 million WAL.

·Get airdrops

WAL holders can enjoy irregular airdrops.

·Lock up the currency

The project side needs to lock a certain amount of WAL as a deposit to list the currency. This part of WAL will be unlocked in 12 months. If there is a major problem with the project, the remaining WAL will be used for user compensation.

In general, WAL's issuance plan is actually an upgraded version of the traditional "transaction mining" token, and the rationality of output and unlocking has been significantly improved.

The above content is the specific elaboration of the currency circle editor on the issue of how many WAL coins are issued. We know that while WhaleEx is a highly centralized exchange, it also sacrifices part of its liquidity, which is inevitable. If you list the currency on the WhaleEx exchange, there will be no fee for listing the currency, and the Orca Plan only needs to lock WAL. During the transaction process, although there is a handling fee, the buying and selling fee is 0.1%. It is also far lower than the market average, so we still have doubts about whether the platform's income can cover the platform's operating expenses. If you invest in WAL coins, you also need to be cautious.