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.

WAL coin is the platform token of WhaleEx whale exchange, so many investors call it whale coin. It is an equity token issued based on the EOS public chain. Because WhaleEx adopts a token incentive model, WAL currency can be said to be the value link for users in WhaleEx, and users of the exchange are also very concerned about the development of the token. As the number of WhaleEx users increases, the market demand for WAL coins is also increasing, and the price of WAL coins is also rising, forming a virtuous cycle. So what is this WAL coin like? What many investors must be most concerned about is whether WAL currency is worth investing in? Now let the editor of the currency circle tell you about it.

## What about WAL coins?

The WAL token contract was successfully deployed on the Ethereum chain at 23:05 on September 28, 2020, officially taking the first step in multi-chain assets. The maximum issuance of WAL tokens will remain unchanged at 10 billion (173 million have been destroyed), and interconnection will be achieved under multiple chains. By locking tradable WAL, users can obtain free transaction quotas and obtain free transaction quotas.
Positively related to the number of WAL locked by the user. Within this limit, users do not need to pay handling fees for their transactions.

WhaleEx is a decentralized exchange developed based on the EOS main chain and supports cross-chain transactions. All transactions in the platform are uploaded through smart contracts to ensure the security of user assets. The custody and liquidation of assets are completed through private key signatures. Every transaction is publicly queryable.

The decentralization of WhaleEx is first reflected in transactions. Each account has an asset address and corresponding private key. The asset address is hosted in the form of a smart contract. Users need to provide the private key for login, recharge, transaction, and withdrawal. can be completed. Even if the exchange stops working, users can directly withdraw their account balances to the EOS wallet for a period of time without any review.

WhaleEx's transactions are similar to the 0x protocol, adopting the model of "off-chain matching and on-chain recording". The user first triggers the WAL contract through the private key to complete the deposit, and the exchange will synchronize the user balance on the WAL contract to the off-chain matchmaker. When the private keys of the buyer, seller, and exchange are correct and meet the transaction conditions, the transaction will be matched and the relevant information will be synchronized to the chain to achieve public traceability. Deposits and withdrawals are only allowed in and out of the same account, and the exchange cannot obtain the user's private key during the entire process.

## Is WAL coin worth investing in?

As the platform currency of WhaleEx exchange, WAL currency represents the owner's rights and interests of the trading platform and has certain investment and value. The issuance of WAL is gradually released mainly through transaction mining and community ecology. The total issuance is constant at 10 billion. The distribution plan is as follows:

Among them, the founding team's part is locked for five years and 20% is released every year; the cornerstone investment and private equity parts are locked for 2 months and then released in equal amounts in 10 months; the whale ecological part is not locked and is used for EOS ecological construction and project incubation. Currently, WhaleEx trading mining has not yet been opened, and users can obtain WAL through official airdrops.

According to the plan, after the WhaleEx mining transaction is opened, users can obtain WAL equivalent to 120% of the transaction fee, 80% of which can be directly circulated, 40% is released according to 0.3% of the total daily holdings, and the output of WAL per hour There is no upper limit, and output stops when it is reached. Part of the mining share is used for invitation rewards. The inviter can get a reward of 20% of the transaction fee of the invitee. This part is also released according to 0.3% of the total daily holdings. The platform will also use 80% of the mining fee income to repurchase WAL.

The above content is the specific elaboration of the editor of the currency circle on the two issues of how WAL currency is and whether WAL currency is worth investing in. The biggest advantage of the WhaleEx exchange is its decentralization advantage. In the WhaleEx exchange, users need to provide the user's private key if they want to trade, but the platform will not obtain the user's private key. The digital assets will not go through the exchange’s account at all. Therefore, if there are no loopholes in the contract code of WAL currency, it is basically impossible for the exchange to have coins stolen, and it is also impossible for the exchange to manipulate market prices or misappropriate users' assets.